pre-approval

Getting a pre-approved mortgage can be very beneficial in buying a home for the following two reasons:

  1. The pre-approval offers you a fair idea of the mortgage size that you can easily afford.
  2. The pre-approval is going to hold a rate for approximately 120 days, thereby protecting you from any sudden increase in the rates.
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Fast and Easy

At Kal-Mor, we make sure all our processes are efficient for our clients. Your pre-approval mortgage will be based upon the information that you provide us alongside some supporting documentation. This simply allows us to get a clear picture of where you’re at financially so that we can help you out in the best way possible. Finally, we are then going to do all the heavy lifting for you to help you get approved at both the best rates and terms available to you.

Our job at Kal-Mor is to shop the mortgage lenders on your behalf to get you the mortgage that suits you best. This means that we represent the client first. With that in mind, our promise is that you will always be the priority. And don’t just take our word for it, see for yourself what some of our happy clients have to say about working with Kal-Mor!

We Help You Find Out How Much You Can Afford

Once you qualify for a pre-approved mortgage, you will be sure about the size of mortgage for which you are eligible. We will also let you know the guaranteed rate for a specific time period. This will help you keep focused on looking at homes that are well within the price range you have set for yourself.

Let Us Help You Out

Getting a pre-approval for a mortgage loan means gathering income information, account balances, along with asset history. This process can sound a little daunting. However, with Kal-Mor by your side, you can know that you’re in good hands. We’ll help you collect and organize the required information and guide you hand-in-hand through every step of the process.

What do I need to get pre-approved?

Getting pre-approved financing doesn’t have to be as difficult as it sounds; however, you must still be ready to provide some mandatory personal information about the following:
  1. Liabilities: this includes debt, credit cards, loans as well as other monetarist information
  2. Assets: this includes bank accounts (the location and the account numbers), investments, vehicles, boats, along with other real estate assets
  3. A valid Canadian ID: for instance a driver’s license or your passport
  4. Employment: such as a recent pay stub, a letter from your boss, or your T1 for the last two years if you are self-employed
If you have any questions about getting pre-approved for a mortgage, or the entire mortgage process as a whole, give us a call at 250-549-3250 to chat about your options.