It’s always wise to consider being pre-approved for a mortgage before you begin house-hunting. Acquiring a mortgage in advance will provide peace of mind, help narrow your search for a home in your price range, and assist in closing a deal because the seller will know you’re a qualified buyer.
Your first step is to set up a meeting with one of Casera’s mortgage specialists. As a first-time homebuyer, chances are you won’t understand all the complexities of mortgage financing, but we’ll take you step by step through the process of obtaining a mortgage. To help you make sound decisions, we’ll answer your questions and provide valuable information about the different types of mortgages available and their rates.
To pre-approve your mortgage, we’ll need to know that you can comfortably make all the payments associated with owning a home. These include mortgage payments for a home in an affordable price range, property taxes, insurance, utilities, repairs and general upkeep, and any applicable condominium fees. To reach a decision, we’ll consider your employment situation, conduct a confidential credit check and run some calculations to establish your debt service ratios.
Upon qualifying for a mortgage, you’ll receive a letter of pre-approval, which secures your financing and guarantees the interest rate for three months. Your family can then search with confidence for your new home.
We’ve been helping members finance their dream homes since 1951. We understand that many other financial institutions and agencies offer mortgages, but we believe Casera offers some advantages. One of these is our reputation for personal service. As a member-focused credit union, we take pride in getting to know you and your family.
As your family grows, so too will your need for additional financial products and services – RESPs, vehicle loans, RRSPs, investments, and higher education loans. You’ll find all these and more at Casera. Call, click or drop by your neighbourhood branch. We’d like to get to know you.