Does a pre-approval guarantee my mortgage?

A pre-approval is a conditional commitment. Final approval depends on the property appraisal and confirmation that your financial situation hasn't changed. It gives you strong confidence in your purchasing power.

Does getting pre-approved affect my credit score?

A mortgage pre-approval requires a credit check, which may cause a minor, temporary dip in your credit score. Multiple mortgage inquiries within 14 days typically count as a single inquiry.

How long is a pre-approval valid?

Most pre-approvals are valid for 90-120 days. If your pre-approval expires before you find a home, we can easily renew it.

What is the difference between pre-qualification and pre-approval?

Pre-qualification is an informal estimate based on self-reported financial information. Pre-approval is a formal process involving a credit check and income verification, resulting in a written commitment from a lender with a locked-in rate. Pre-approval carries much more weight with sellers.

Can I get pre-approved if I am self-employed?

Absolutely. We have specific pre-approval programs for self-employed borrowers that consider alternative income documentation like business financials, bank statements, and stated income approaches.

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Mortgage Pre-Approval

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Overview

What Is a Mortgage Pre-Approval in Ontario?

A mortgage pre-approval is the essential first step in your home buying journey. It tells you exactly how much you can afford, locks in your interest rate for up to 120 days, and shows sellers you're a serious buyer. I make the pre-approval process quick and straightforward - often within 24 hours.

Have questions? Call us directly647-222-7071

Benefits

Benefits of Getting Pre-Approved Before House Hunting

Rate hold for up to 120 days
Know your exact budget before house hunting
Strengthen your offer in competitive markets
Quick turnaround - often within 24 hours
No obligation and no cost to you
Identify and resolve any credit issues early

A mortgage pre-approval is the single most important step you can take before beginning your home search in Ontario. It provides a clear picture of your maximum purchasing power, locks in a competitive interest rate for up to 120 days, and signals to sellers and real estate agents that you are a qualified, serious buyer.

In competitive markets like Brampton, Mississauga, and Toronto, having a pre-approval letter can make the difference between winning and losing a bidding war. Sellers prefer offers from pre-approved buyers because it reduces the risk of financing falling through. As your mortgage agent, I submit your application to the most suitable lender from our network of 40+ financial institutions to ensure you get the best possible rate and terms.

The pre-approval process is straightforward and typically completed within 24 hours. There is no cost to you and no obligation to proceed. If your financial situation changes or your pre-approval expires, we can easily update or renew it at no charge.

How It Works

Our Fast 4-Step Pre-Approval Process

We have streamlined the mortgage process to make it as smooth and stress-free as possible.

Consultation

Quick call to understand your goals and gather basic financial information.

Document Collection

We collect income verification, ID, and credit information.

Lender Submission

Your application is submitted to the best-fit lender for pre-approval.

Pre-Approval Letter

You receive your pre-approval letter with your maximum purchase amount and rate.

Areas We Serve

Mortgage Pre-Approval Services Across the GTA

We provide mortgage pre-approval services to clients across the Greater Toronto Area and all of Ontario. In-person and virtual consultations are available.

Find Your Nearest Office

Brampton

Toronto

Mississauga

Vaughan

Markham

Richmond Hill

Oakville

Burlington

Hamilton

Oshawa

Whitby