Mortgage Information

What are the advantages of a pre-approved mortgage?
Pre-approved mortgage advantages:
  • guarantees an interest rate for a period of time and for a certain mortgage amount
  • different lenders provide different types of pre-approvals
  • some only consider only rate, mortgage amount, and time period (i.e. guarantee the rate for 30, 60, or 90 days); others, consider your full financial picture, actually qualifying you for a true, financial peace of mind mortgage