Obtaining a pre-approval mortgage will give you the confidence of knowing exactly what you can spend on a home before you start looking. You will also be protected against interest rate increases while you look for your new home depending on whether or not you get a fixed rate.
Your Mortgage Specialist will answer your questions and help you determine which financing terms and options are right for you. Your Mortgage Specialist and Real Estate Professional work as a team to help you find the right home and select the best financing.
Mortgage pre-approval checklist:
- Proof of income
- Proof of assets
- Good credit
- Employment verification
For more detailed information on Canadian mortgage pre-approval: