Foley Homes
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Shane Foley
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Prequalification

What is "prequalifying"?

Prequalifying for a loan is just a fancy way of saying "figuring out how much you can afford to spend on a home." Prequalifying shows you where you stand financially, based upon your current income, debt and savings. In doing so, you can determine:

  • an estimate of a home purchase price and monthly house payment that you can afford
  • how much money you will need for the down payment (the difference between the sales price and the amount of your mortgage)
  • budgeting goals you need to set and achieve

To prequalify, please fill in the information requested. If you have any questions please email us at shane@shanefoley.ca or call us at (613)236-5959

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