Posted Friday, August 22, 2008 9:34 AM
We met with a broker yesterday and got our questions answered and got a preapproval done. We we preapproved for 50k more than we thought we would be, but we won't be spending that much. We're going to stick with our original budget unless we find a property that has a basement apartment (or similar) and therefore is an income property. Then we can spend a little bit more.
It was such a relieft to have a solid preapproval so we know for sure what we can spend. It's also a relieft to have our questions answered, but of course, as soon as we left, I thought of about 20 more questions. I think I am still going to talk with one more broker and see what the differences are, but I was happy with the guy we talked to yesterday. My mum and uncle both have mortgage with him and are confident about him and his company, so that makes me feel good about it.
We're going to go to lots of open houses this weekend and try to get in to two different properties that we have our eyes on. I'm so excited now and feeling much more confident about the whole process. Still... I can't wait until it's over and we're getting the keys for our first house! :)