It is not every day that sixteen exceptionally designed patio homes get released to the field, but when it happens, we have to tell the world! GableCraft Homes is extremely excited to introduce you to our new Patio Home development in Royal Bay: The Villas on Caspian Drive.

A collection of 16 patio homes, our highly anticipated offering of these 2 bedroom ranchers has been created to embrace your every need within their modern 1375 sq. ft. design.

With an open living space leading through the living room and into the beautiful kitchen, the floor plan has plenty of room for all to enjoy and an excellent dining-entertaining area flowing onto the rear patio.

Looking to be pampered? Look no further than the Master Ensuite where you can retreat to enjoy the peacefulness you deserve in the separate tub, roomy shower and the dual undermount sinks.

You will also be impressed with its double attached garage offering room for two vehicles and with easy access to the full crawl space providing additional storage if required.

Rare. Modern. Refined. Maintenance Free Living in Royal Bay.

For more information, please call Area Sales Managers:

Tanya Zakkour: 250-508-2270 or Brendan Wilkinson: 250-713-7770 to set up a time to visit us at the HomeStore located at 300 Caspian Drive.

At this time our HomeStore is operating by Appointment Only:

Monday – Thursday 12 to 6pm & Saturday to Sunday 12 to 5pm.

It’s a common misconception that the first step to buying a new home is searching for your ideal community or choosing the perfect floorplan to meet all of your needs, but it’s not! The first step on your journey to new home ownership is knowing your budget and what you can afford. Before you even start saving home design pictures on Pinterest or falling in love with a beautiful new community, you need to get pre-approved for a mortgage.

WHAT IS A MORTGAGE PRE-APPROVAL?

A mortgage pre-approval is an evaluation of your current, overall financial position. It tells you and your sales team how much money a lender is willing to grant you to purchase your new home. It’s important to keep in mind this number can change from when you get pre-approval to when you purchase your home. For example, it can increase if you have a co-signer or if your financial position improves over this time.

WHY DO I NEED TO GET PRE-APPROVED?

It’s important to understand your current financial position so you can make educated buying choices when it comes to your new home. The worst feeling is falling in love with a home and later finding out it is out of your budget. Knowing your pre-approved mortgage amount will help you and the sales team focus on homes that are within your price range.

WHO CAN I WORK WITH TO GET PRE-APPROVAL?

There are many channels you can use to get pre-approved for a mortgage including, but not limited to:

  1. Mortgage Brokers – They will be your middleman; the line of communication between the lender and yourself. A mortgage broker is responsible for gathering the best rates, from multiple lenders, giving you lots of options to choose from.
  2. Your Banking Institution – Banking institutions offer preferred mortgage rates to their current clients. However, it is important to keep in mind that they will only be able to offer you their rates and you will not have the ability to compare with other options.

HOW DO I GET STARTED?

All of the above sources need a few things to calculate your total debt ratio in order to start the process of a mortgage pre-approval. Some of these documents include:

  • Photo ID
  • Employment Verification
  • Credit Score
  • Proof of Assets & Debt
  • Proof of Income
  • Personal Verification

We can all agree that location, size and style are crucial when building a new home; but the most important factor is your budget. Hopefully, you found this information helpful and now have more confidence about the mortgage pre-approval process and why it’s an important first step in the home buying process.