Mortgage Pre-Approval

Find out how much you can afford before you go house hunting!

In the quest for your dream home, a pre-approved mortgage serves as your guiding star. It establishes your borrowing capacity and locks in an interest rate, aligning your aspirations with your budget. If pre-approval proves challenging, don’t worry—I am here to calculate an estimated qualifying amount, guiding your home search toward practical and attainable options.

Calculate Your Budget

Before you set your heart on a home, understand your numbers with our tailored budget calculation. This essential step ensures you shop within your means, aligning your dreams with your financial reality.

Know Your Limits

Embark on house hunting with confidence by understanding your purchasing power. Our insights help prevent overextension and focus your search on properties that are financially comfortable for you.

YOUR GUIDE TO MORTGAGE PRE-APPROVAL

Mortgage pre-approval is an initial evaluation by a lender to determine if you qualify for a loan and how much you can borrow. It's based on your financial information, including credit score, income, and debt levels.

Getting pre-approved helps you understand how much house you can afford, strengthens your offer on a home, and speeds up the final loan approval process, making you a more attractive buyer to sellers.

To get pre-approved, you'll need to provide financial documents such as pay stubs, tax returns, and bank statements to a lender. They'll also check your credit score and evaluate your financial history.

No, pre-approval does not guarantee a loan. It's a conditional approval based on your current financial status. Final loan approval depends on a detailed inspection of the property and a reassessment of your finances at the time of purchase.

Mortgage pre-approval typically lasts 120 days. Some lenders may extend this period up to 24 months. If you haven't made an offer on a home within this timeframe, you may need to get re-approved to ensure your financial situation remains unchanged.

Our Trusted Lenders

Harpreet Chhabra, B.COMM, MFC, RRC Mortgage Agent Payment solutions enable businesses to accept payments Payment stions enable businesses to accept payments from ctly customers ctly securely. stions enable businesses to accept payments from ctly customers ctly securely.

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