The first step in the process of buying a home is understanding what you can afford. Pre-approval means contacting your local bank or a mortgage broker who will determine what you can afford to buy based on your income and down payment. Deciding between a bank and mortgage broker is personal preference. There are advantages to both and we are more than happy to provide assistance in selecting a few to interview. If you do not have a broker we can provide you with a list of reputable industry contacts.