What is a Mortgage Pre-Approval?
A mortgage pre-approval is a document from a mortgage lender stating, based on the information provided in your mortgage application, they will be willing to provide you with a mortgage loan of a certain amount at a certain interest rate.

Pre-approvals in Calgary do not guarantee that you will be able to get the loan but give you a guideline so that you can begin house hunting. Obtaining a mortgage pre-approval is one of the most important steps in the home buying process. It allows you to determine your purchasing power, your required down payment and your monthly costs.

What Does a Mortgage Pre-Approval Do for Me?
A mortgage pre-approval in Calgary serves a few purposes:

What’s the Next Step After Getting a Pre-Approval?
After you have your pre-approval, your next step is to jump right into Calgary house hunting! You’re armed with a price range for homes and an interest rate, so you’re good to go.

Once you have found a home to purchase, let your Calgary mortgage broker know and they’ll get moving on the remainder of the financing process with you (collecting documentation to support your mortgage application).