How does a Pre-Approval work?
Getting pre-approved is easy. Once your application is completed we’ll be able to lock in your rate for up to 120 days.
The first step in getting pre-approved is to apply. Completing an initial mortgage application will only take you a minute. You can either apply securely online or download an application to complete offline. Once we receive your information one of our mortgage consultants will contact you to review your application and answer any questions you may have.
During the pre-approval stage your Mortgage Specialist will discuss the various mortgage products available to you. Our discussion isn’t only based on rates. We will educate you all of your options to find a suitable mortgage based on your personal situation.
During the application process your Mortgage Specialist will preform a credit check. Your credit rating is based on a “beacon score” established by credit agencies and by preforming this check up front we can give you a more accurate idea of your purchasing power.
Your Mortgage Specialist will also ask you to provide as much documentation up front as possible. This helps us by allowing us to complete your pre-application more accurately but also helps you by saving you time when you ultimately make an offer to purchase a new home.