mortgage pre approvals

Becoming a homeowner is a life-long dream for many Canadians. But, as with all new experiences, there’s uncertainty, and you may second guess yourself once or twice. You’ll be interviewing realtors, looking at homes, worrying about bidding wars, and of course, actually qualifying for a mortgage.

Getting a pre-approval is one of the best things you can do to simplify the process and give yourself more confidence in your buying power. A pre-approval lets you know how much you are able to borrow with minimal risk. But as with anything to do with mortgages, you’ll want to understand the pre-approval process before you get started.