Tijuana wrote: ↑ Is the only way to definitely know the max amount of mortgage you can receive is to get "pre-approved"? (FTHB)
I'll only be ready to start the process in June (will be off probation) so want to eventually start getting all the paperwork ready.
I'm assuming if I get a pre-approval from a bank I'll take a slight credit hit? I'm assuming it shouldn't lower it enough to make an actual difference?
All the calculators I've done online say I should be good, I just don't know how the stress test affects it. If I were to get a 5yr fixed at 2.99%, do I just do the calculator based on paying a mortgage at 4.99% and if the TDS and GDS is still good then I should be okay?
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