Mortgage Brokers

Michael Fortin - The Mortgage Group

t: 604-618-0777  |  f: 604-677-5611  |  michael@fortinmortgage.com
www.fortinmortgage.com

Julian Beckett - TD Canada Trust

t: 778-859-1813  |  f: 604-331-9986  |  julian.beckett@td.com
Website

Wendy Yeeloy - VERICO Clear Trust Mortgages

c: 604-808-9900  | f: 604-434-2221  |  wendy.yeeloy@cleartrust.ca
www.cleartrust.ca

Why is a Mortgage Pre-Approval Important?

Pre-approval of a mortgage is when your lender, whether it is your personal bank or a mortgage broker, has reviewed all your financial information and has determined the maximum amount of money you can borrow. The advantages to pre-approval include:

• You know how much you can borrow, so you don't waste time looking at properties you can't afford.
• You don't have to worry about rising interest rates while shopping for a home, as usually the mortgage broker will guarantee the current interest rate for 60 - 90 days.
• You have an edge when you make an offer, because the seller knows you're more likely to get a loan.
• You save time when you apply for your loan because you've already assembled your paperwork.