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Advantages of a Pre-Approved Mortgage

How much can you qualify for? Click here to get a free pre-approval and find out today!

After making the decision to invest in a new home, the excitement can be overwhelming. When you locate the right property, you will know it. Finally your dreams can become reality. It is important, however, to know how much you can borrow before setting your sights too high on a home that you cannot afford. Do not become disappointed before you get started.

Knowing What You Can Afford

If you apply for a pre-approved mortgage before starting your new home search, you can define your price range and focus on homes that fit that scope. A pre-approved mortgage is the sensible approach to buying your property. Lenders will guarantee a set some of financing and the best rate available, based on your situation, for a set time period (usually 90-120 days) while you locate your dream home.

Using a Realtor

Many realtors require that you have a pre-approved mortgage before they start searching for your ideal home. This will help to ensure that your realtor shows you only properties that you can afford, and save both of you time in the house hunting process.

Pre-approval Makes Buying More Convenient

If several buyers are interested in the same property that you are, being pre-approved can give you the advantage. Sellers are more likely to accept an offer from a buyer who has been pre-approved over a buyer who has no guarantee that they can attain the financing for the amount they offered.

Our professional mortgage brokers are waiting to help you get that pre-approved mortgage. Simply fill out our convenient online application and start your home search with the confidence of knowing that you are approved.

 

Canadian Mortgage Rates
 
Below is a tally of our most popular mortgage product inquiries made using our secure online application for all of Canada.

Mortgage Type Inquiries
Qualification21.54%
First-time Buyer17.59%
Refinance14.93%
Purchase13.95%
No Money Down11.90%
Renewal10.14%
Commercial2.10%
Pre-approval1.90%
Variable Rate1.55%
Other4.41%
Last Tally: Apr 10 at 04:15:07
CanEquity
 
Contact a Broker
For up-to-the-minute rates, quick closing specials, and local discounts from regional lenders, contact CanEquity Mortgage and we will connect you with a CanEquity Mortgage Consultant in your area.
Regina Mortgage Consultant