Anyone who is in the market for a home or who has just bought in the last few years will tell you that getting qualified for a mortgage these days is more difficult than it was just a few years ago. The Federal Government seems to be doing everything in its power to slow our housing market. That means making no less than 4 major changes to the mortgage qualify rules since 2008.

It's important before you start looking at a home that you sit down with your bank or mortgage broker and get Pre- Approved for that mortgage. That way you will know exactly what you’re able to comfortably buy and qualify for. The Pre-approval will also lock in your rate for 90 days.