Pre-Approved Mortgage
Getting pre-approved for a mortgage is easier than ever. We will simplify the process and help you find a home at a price that you can afford. We will also assist you in locking in a rate so that you can better budget for the purchase of your home.
We provide impartial advice and recommendations specific to your circumstances. Working with our mortgage broker team, the search for your perfect property will be easier and more enjoyable than ever.
To schedule your mortgage consultation, reach out to us today at (416) 258-0156.
How to Get a Pre-Approved Mortgage?
Streamlining the Process
The journey of property ownership begins not with a realtor, but with a mortgage broker or lender. A mortgage pre-approval is a crucial first step for anyone considering the purchase of property. Among many other things, it is a useful tool for determining how much you can afford.
Our streamlined pre-approval process consists of three steps:
1) Determining Financial Strategy and Needs
- Mortgage amount
- Down payment
- Purchase price
- Mortgage options
2) Reviewing Documentation
- Employment
- Income
- Assets
- Liabilities
- Down payment
3) Obtain a Credit Report
Begin the exciting process of property purchasing with a mortgage pre-approval consultation.
What to Do Before Getting Pre-Approved for a Mortgage?
Mortgage Pre-Qualification
If you are looking to buy property, there is a fundamental step to the mortgage application process: pre-qualification.
Pre-qualification does not require an application or a credit check. It is solely based your financial situation. A lender will review your income, assets, and debt.
Do Mortgage Pre-Approvals Affect Credit Score?
A credit score check will also be completed as part of the mortgage pre-approval process. Your credit score will not be affected unless you actually follow through with the application. Even at that, your score won’t be dinged significantly. Typically lenders will use a soft inquiry to pull up your credit report to make a decision if you qualify for a pre-approval.
What Is a Pre-approved Mortgage?
A pre-approval requires you to fill out a mortgage application as well as provide the lender with necessary documentation.
You will need to provide the following in order to be pre-approved for a mortgage:
- Identification
- Proof of employment
- Proof of current salary or wage
- Information about assets
- Information about debts or financial obligations, such as loans
- Proof of ability to pay down payment and closing costs
With the help of our brokers, the pre-qualification and pre-approval steps will help you move quickly through the mortgage process and enable you to find the perfect home.
How Long Do Pre-Approved Mortgages Last?
Pre-approvals are subjected to your continued good credit status. Lenders will typically lock in your pre-approval interest rate for 60, 90, or 120 days.
Skilled Mortgage Brokerage Professionals
We have years of experience and dependable qualifications and credentials. Our team works tirelessly on your behalf to find customized mortgage options. Trust in our team to benefit from:
- House-hunting with confidence
- Understanding of financial situation
- Negotiating power with a seller
- Lock-in rate potential
- No-obligation to accept the mortgage
Explore the Best Rates for Your Pre-Approved Mortgage
Our brokers browse through a wide number of lenders to present you with your various options. Based on your needs and goals, we will provide expert recommendations on the best mortgage rates and options.
Personalized Mortgage Solutions and Services
We will assist you with each step of the mortgage pre-qualification and pre-approval process. We’ll make it easier and faster to move into the home of your dreams.
Contact us today to schedule a consultation.
