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Anyone contemplating the purchasing of a home should be pre-approved for a mortgage. It only takes a few minutes with our mortgage application on our secure server and you'll be approved within hours. The IMPORTANT thing about having a pre-approval is two fold. It locks you into at least a 4-month rate guarantee, which protects you in case there is an INCREASE in mortgage rates. Once you have your rate you can relax because if rates go up you're protected, if they go lower we'll always get you the best available rate up to the day that you take the mortgage money. The other feature is that it allows you to move quicker on purchasing your home. This is especially true when the real estate market is hot. When vendors have more than one or two interested parties that may want to purchase their home, you don't have a chance if you're not prepared with your mortgage financing.
First time buyers should always be pre-approved. Not only for the above reasons but we'll run through all the fine print of mortgages to ease your mind about the different products, rates and terms, so you can rest assure that you are making the right choice.
Your pre-approval will be treated the same way as if you had purchased a home. We'll always get you the best mortgage that is in the market. Whether or not you ever purchase a home. We'll get your pre-approval fast, within hours of your application.