Pre Approved Mortgage

A pre approved mortgage or mortgage pre approval, allows you to know how much of a mortgage you qualify for, how much of a house you can afford and how much your mortgage payments would be based on what you want to spend to purchase your home. 

When you pre qualify for a mortgage, you get a guaranteed rate for 120 days. If mortgage interest rates rise, you have a locked in rate. If mortgage interest rates drop, you will automatically get the lower rate.

When getting pre qualified for a home loan, a mortgage pre approval will give you an idea of what purchase price you want to spend to get the payments you are comfortable with. A pre approved mortgage makes the seller feel more confident by knowing that you are a serious buyer and gives you more leverage when negotiating a purchase price for your new home.

Start your online application today or contact Western Canada Mortgage at 1-877-699-0719 to speak with a Mortgage Broker who will explain the different mortgage products available, and help you to determine the best pre approved mortgage that is right for you.