Mortgage Pre-Approvals
Buying a home raises some serious questions:
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What can I afford?
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How much of a mortgage payment can I handle?
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Will I get the financing I need when I need it?
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What happens if interest rates rise while I'm looking for a home?
A Mortgage Pre-Approval
can help you shop with confidence. You will know:
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Financing is guaranteed based on your current financial
situation and satisfactory credit review.
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How much you
can borrow based on your current income and debt levels.
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What your interest rate will be for the term you've chosen.
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How much your payments will be.
120-Day Rate Guarantee
A Mortgage Pre-Approval guarantees an
interest rate for up to 120 days, even if rates rise in the
meantime.
And, if rates should drop before your
mortgage funds are advanced, you'll automatically receive
the lowest rate during the 120 day period.
Get A
Pre-Approved Mortgage Certificate
Before you begin
shopping for your next home, be sure to acquire a
pre-approval certificate from your broker. This will outline
all the details of your mortgage and what you can afford.
Always remember the mortgage pre-approval is not an official
approval! You always need to make any offer on a home
conditional to financing as the lender must complete the
necessary underwriting to confirm your employment, down
payment, and property before financing is officially
approved.
Did you know?
Many real estate
agents may require you to get a pre-approval before they
begin working with you. The pre-approval certificate is a
great way to show your agent that you are a qualified buyer.
The fact that you already have your mortgage financing
arrangements in place indicates to prospective vendors that
you are a serious buyer.
It gives you the security of
negotiating a house price that falls comfortably within your
budget.
A mortgage pre-approval is absolutely free, with
no cost and no obligation.
Getting Started
A mortgage broker will help you acquire the pre-approval so you are confident you have the best product. You have two options to get pre-approved on our website:
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Fill out the form on this page to get a quick pre-approval estimate.
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Complete the full online application for an offical pre-approval.
Here is a link to the online application to get a an official pre-approval certificate.
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