Ever since the mortgage meltdown created by the credit crisis in the United States. Things have changed for Canadian Mortgages. The banks here in Canada have changed their criteria for giving out mortgages.
They require a lot more documentation as well as proof for every claim you make on your application.
Getting a pre-approval is nearly a MUST when making an offer on real estate for a few reasons:
1) You know exactly how much you are approved for.
2) Your offer is taken more seriously over other offers. Considering 2 offers of the same price.
The offer where the buyer is pre-approved with a mortgage will be accepted compared to the offer from the buyer that is not pre-approved. If you have good credit and a good job situation, getting a mortgage won't be a problem.
We can approve you immediately. If you are self employed, own your own business, didn't declare enough income, have had some trouble in the past, we can still help you. To find out how to shave off 1-2% off your mortgage loan every single time you apply, sign up for the Free Report available at www.48hourmortgages.blogspot.com
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