Why A Pre-Approved Mortgage

Having a pre-approved mortgage provides you with the confidence of knowing your exact budget for buying a home even before you begin your search. Additionally, it offers protection against potential interest rate hikes while you are on the lookout for your new property. In the competitive Ottawa market, including a financing condition in your offer can prove challenging.

Your dedicated Mortgage Specialist will be there to address your inquiries and assist you in selecting the financing terms and options that best suit your needs. Many individuals opt to approach their own bank for mortgage pre-approval and subsequent mortgage arrangements due to their existing financial relationship. However, a mortgage broker takes a different approach by exploring your mortgage qualifications with multiple banks and credit unions to secure the most favorable rate, which might sometimes surpass the rate offered by your bank. Exploring both options is generally advisable before reaching a final decision.