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Old 08-15-2017, 12:26 AM   #1
Join Date: Jun 2011
Posts: 123
Default Mortgage pre approval

A mortgage preapproval occurs when we agree to lend you a specified amount of money before you have found a home. To apply for a mortgage, you will first fill out an application. A complete review of your credit history is performed and the information you've provided is validated. Based on that information, the loan can then be preapproved.
With a mortgage preapproval, a homebuyer can make an offer on a home with confidence, knowing he/she will not fail to secure a home due to a mortgage underwriting decision. Sellers also enjoy the comfort of knowing the buyer is sincere in his/her home ownership goal. In addition, a preapproval can help you save time and frustration by narrowing your house-hunting to properties you are sure you can afford.

Thanks Kevin Loberg Broker
Royal LePage Terrequity Realty, Brokerage Independently owned and operated
Toronto, M4P 1L3
Office: (416) 485-2299 Mobile: (416) 495-3859
jamessmith4152 is offline   Reply With Quote


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