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What You Should Know About Pre-Approval Mortgages

Here at Donna Mullen & Associates, we are passionate about sharing as much information with our clients in the Barrie, Ontario area as we possibly can, so we are always on the lookout for articles that discuss key factors about mortgages. One topic that we wanted to discuss was what pre-approval mortgages are and if obtaining one means you are all set for a full approval once you find a property.

What we ended up finding was an article by Canadian Mortgage Trends that says it best. Their advice about avoiding mistakes that may endanger your final approval is especially helpful. When we work with you to obtain a pre-approval, we’ll go over what you need to know to stay on track and not put your approval at risk. We will also discuss what you should look for in a property to ensure that the lender will be comfortable holding a mortgage on it.

Take a few moments and check out the article, and if you have any questions or would like to learn more about pre-approval mortgages, don’t hesitate to reach out to us. We look forward to helping you achieve your goal of becoming a homeowner, whether you are a first-time home buyer or ready to upgrade or downsize.