MORTGAGE
PRE-APPROVALS

Imagine finding your perfect home, only to discover it's outside your budget. This is where mortgage pre-approval comes in – a powerful tool that empowers first-time homebuyers and experienced buyers alike in Canada.

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Think of it as a green light from a lender. Based on your financial situation, credit history, and other factors, a mortgage pre-approval estimates the maximum loan amount you qualify for. While not a guaranteed mortgage, it provides a clear picture of your affordability range.

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You'll Know Your Budget

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With a mortgage pre-approval, you'll have a clear understanding of how much you can afford to borrow. This can help you focus your home search on properties that fit within your budget, saving you time and frustration.

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You'll Be Taken Seriously As A Buyer

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When you submit an offer on a home, sellers want to know that you can actually afford to buy it. A mortgage pre-approval shows that you have already taken the steps necessary to secure financing and are a serious buyer.

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You'll Have More Negotiating Power

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If you're in a competitive real estate market, a preapproval can give you an edge over other buyers. Sellers are more likely to choose a buyer who has a pre-approval, as it shows that they are more likely to secure financing and close the deal.

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You'll Have A Better Understanding of Your Monthly Payments

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With a mortgage pre-approval, you'll have a clear idea of what your monthly mortgage payments will be based on the amount you're approved to borrow. This can help you budget and plan for your future expenses.

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You'll Save Time

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Getting a mortgage pre-approval is a relatively quick and easy process that can save you time in the long run. You'll have all the necessary documentation and information ready when it's time to apply for a mortgage, which can speed up the underwriting process.

 

 

At Swivel Mortgage Group in Markham, we're committed to helping our clients achieve their homeownership goals. Our team of mortgage experts can guide you through the preapproval process and help you secure financing for your dream home. 

 

Contact us today for a free consultation and let's turn your dream of homeownership into a smooth and successful reality!