Pre-Approval

With houses being snapped up only days after they are listed it is more important than ever to be prepared and pre-approved for a mortgage. 

A Pre-Approval is simply a review of your financial standing by a mortgage agent and a lending institution. They will examine your overall income in relation to any debt that you may hold. This provides them with a clear idea of your purchasing power based on current mortgage rates. This process is necessary in order to determine your home affordability and buying limits.   

As a fixed rate can be held for up to four months, a Pre-Approval protects you from rate increases that may occur during this time-period.  Your rate is then locked-in during this period providing you with peace of mind as you search for your perfect home.

A Pre-Approval can typically be completed within 24 hours.  Give me, Michael Pezzack, a call at (416-850-2642) and let's get started.  Or, fill out the FREE Mortgage Evaluation Form to the right of this page and I'll connect with you shortly.  

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