Deciding to apply for a mortgage pre-approval in Canada is a great choice for homebuyers looking to start shopping around. With a set budget, you can take steps toward finding the home of your dreams.
When you have pre-approval, you'll have more negotiating power with sellers, as they'll know that you're a serious buyer who has already been approved for a mortgage. This can help you get a better deal on the price of the home.
Pre-approval can help speed up the closing process once you find a home you want to buy. Since you've already been approved for a mortgage, there will be fewer obstacles to overcome during the underwriting process.
Pre-approval can give you peace of mind that you're on the right track and that you'll be able to get a mortgage when you're ready to buy a home. This can help reduce stress and anxiety during the home-buying process.
Getting mortgage pre-approval in Canada is a straightforward process with Jason Anbara. You’ll need to provide documentation of your income, assets, and debts, similar to a full mortgage application. From there, we’ll review our lenders and find the best potential rates for you. After that, you can apply for pre-approval with a dedicated application, and once approved, you’ll receive a letter with relevant terms and conditions.
Securing a pre-approval is a valuable first step in your home purchase process. Once you’ve found a home you love, this preparatory measure significantly accelerates your progression toward home ownership.
Gathering some basic information? We’ll help you put together your application for mortgage pre-approval.
We have over 67 lenders available to secure your pre-approval, and we’ll ensure we find the right options for you.
In presenting you with the options, we’ll explain the terms of each one, answer your questions, and help you make an informed decision.
After submitting your application, approval usually comes within 24 hours. You’ll receive a letter from the lender outlining the mortgage pre-approval specifics.
With the mortgage pre-approval letter, you can feel confident going to open houses and shopping for homes within your budget.
Ready to start searching for a home? Apply for a mortgage pre-approval in Canada today with Jason Anbara. We’ll help you get your foot in the door!