Читать книгу The Female Investor - Kate Hill - Страница 36

Don't go too crazy on the pre‐approval front. Applying for multiple pre‐approvals and multiple times can negatively impact your credit score. Keep in mind also that sometimes the banks won't issue pre‐approvals like they used to because they may be short‐staffed — like during the COVID‐19 pandemic — or their policies are changing every other day. This can be challenging, so always talk to your trusted mortgage broker about the best strategy for you before marching into the nearest bank.

The number of people using mortgage brokers has skyrocketed over the past couple of decades — for very good reason, if you ask us.

 Most professional mortgage brokers have access to a large number of lenders who may fit your individual financial requirements.

 They can also be on your team throughout your property investment journey.

Now we're not saying there is anything wrong with big banks, because your mortgage broker may find that one of the major lenders is right for you.

What we're saying is that going direct to a bank will probably not provide you with all of the options available to you. A mortgage broker, on the other hand, will have knowledge about, and access to, lenders who are the perfect fit for someone who might be self‐employed, a single parent, or who has a smallish deposit.

When it comes to successful property investment, experience counts. Work with a finance expert who has runs on the board, and who preferably also knows about property investment — we're thinking, for example, a QPIA.

There is a saying in the industry that property investment is as much a game about finance as it is about real estate, because without the funds to buy, well, you can't do anything at all, can you?