GET IN TOUCH
You wouldn’t go to the beach without your swimming gear…
The same goes for walking into a home search without a pre-approval.
Securing a mortgage pre-approval before you start the house-hunting process will not only
save you time, but it will make the process smoother and more enjoyable for you.
After all, buying a home can feel stressful enough. To go in without understanding your true affordability,
and risk getting attached to a home that is not aligned with your financial goals, can take its toll.
WHY YOU NEED A MORTGAGE PRE-APPROVAL
Securing a mortgage pre-approval will allow you to:
Budget appropriately for your home and narrow down your home search.
Lock in a mortgage rate in case rates increase during your home search.
Eliminate the need for financing conditions, giving you the power to negotiate and providing an edge in multi-bid offer scenarios.
THE BANK DOESN’T ALWAYS PAINT THE MOST ACCURATE PICTURE.
There are a number of different costs associated with purchasing a home, including closing costs and lawyer fees, meaning the results you were given after visiting the bank or punching numbers into an online calculator aren’t necessarily correct.
When you partner with CVE Mortgage, we’ll help you calculate your true affordability and ensure you are set up on the right path from the start.
GETTING THE PAPERWORK READY FOR YOUR PRE-APPROVAL
To secure your pre-approval, you will need:
Government-issued identification (SIN card & driver’s license)
Letter of employment
Current pay stub
Notice of assessments for the last two years
30-day bank statement