Mortgage 3D word cloud

Getting your mortgage pre-approved has some obvious benefits:


 

  1. When it’s done right, you get am accurate understanding of how much home you can afford. That’s important, because of you stick to a plan that you can afford, you take a ton of future stress out of home ownership.

  2. When you get pre-approved, you lock in rates so that you are protected from any unsuspected rise during the buying process. Again, stress-relieving.

  3. You tell sellers that you’re a serious buyer, and given how competitive the property market has become, this can be advantageous to you.

  4. You are not obliged to work with any lender, even the lender who pre-approved you, so there’s really no reason you shouldn’t find out where you stand in the eyes of lenders, and doing so before you start house hunting can make the process way more efficient and way less stressful.

Now that’s all good, but here’s what you need to know about the process to really take full advantage of pre-approval:

Looking for a mortgage? Wondering if you qualify? Interested in refinancing? Our secure and completely confidential “no obligation” quick-form can give you answers, fast. Find it here.