Pre-approval

A pre-approval is a certificate that allows you to hold the current interest rate for as long as 120 days. It will outline the maximum purchase price and qualified mortgage amount based on your down payment, credit and income (subject to a property appraisal and other stated conditions).

You’ll be able to look for a home with the security of knowing exactly how much you can borrow, and show sellers that you have the financing you need to buy a home.

Getting pre-qualified online is simple and free!

Mortgage Brokers City offers multiple options for completing the pre-approval process. We offer you many different options for getting pre-approved and give you the opportunity to choose the best option suited for you! You can either apply online, by fax or by phone.

What are the advantages of a pre-approval?

You will have an advantage over other competing buyers who are not already pre-approved for the purchase price.

You will show sellers that you are serious about the purchase and have already secured financing for the purchase; this will make your offer more attractive to the seller.