The Stress Test | Mortgage Affordability | How much can you really borrow from the bank?!
Wednesday, March 31, 2021
Here's a little pro tip video aimed at buyers who are out there trying to navigate today's tough real estate market. 🥸 Be aware of online mortgage affordability calculators that don't take the stress test into consideration and don't confuse an online calculator result with a mortgage approval. You might be in for a big surprise. We see this a lot. 💸 We've also seen a lot of buyers out there shopping for homes who haven't taken the time to go through a legit pre-approval process. 🤷🏼 For more information on how to be better prepared financially before shopping for home, check out this video. It's more important than ever these days with the intense competition you'll experience when offering on a home. 🏡