Once your offer has been agreed with the seller, the Road to Exchange race is on! A key part of that process is to get a formal mortgage offer. However, the mortgage timeline can vary by mortgage lender, how complex your financial situation is, as well as whether you are prepared with all the documents required.
All First Time Buyers need to get an Agreement in Principle at some point in the process when buying their first home. But do you need to get an Agreement in Principle before viewing properties?
Now that you are a homeowner, one of your key responsibilities is making the mortgage payments. And you do not want to fall behind on your first mortgage payment and ruin your good credit score that got you a mortgage in the first place!