: Lenders evaluate your mortgage eligibility based on Capacity (ability to repay), Capital (available savings), Credit (history of repayment), and Collateral (the property's value).
Before entering the market, it is critical to establish a firm financial baseline. find a property to buy
: Beyond the down payment (ideally 20% to avoid private mortgage insurance), buyers must budget for closing costs, which typically range from 2% to 5% of the purchase price. 2. Building Your Team and Securing Pre-Approval : Lenders evaluate your mortgage eligibility based on