Most mortgage pre-approvals are good for 120 days from the time of submission. Our team also works closely with unique lenders that will offer a rate hold for up to 6 and even 12 months. Holding today’s best rate will ultimately protect you should rate rise while you search for your new home. Because your rate hold has an expiry, if you complete on your purchase or refinance after your 120-day window, you will be subject to a new rate. Given you don’t increase any debt or change your job in those 120 days, it’s as simple as updating your documents…

You can lock in a mortgage rate today for up to 120 days to protect you against any increase in interest rates. We will discuss your goals and build a plan for you to succeed in your new home. A true pre-approval will provide you with stronger negotiating power at time of offer. We will calculate your total budget and affordability based on your household income. We will accurately determine if you can qualify for the homes you have already been looking at. You will understand the home buying process from start to finish. You will learn the big picture costs to home ownership before starting…

A true pre-approval with us at Boychuk Mortgage Group is a guaranteed stamp of approval that we have done the proper due diligence to protect your best interest in advance of shopping for your new home. Your pre-approval includes a one-on-one success planning session to help educate you and to create a long-term mortgage and wealth strategy! In this step, we review your mortgage application, examine documents, check your credit, then source and present the best lender(s) and product for your situation. This step is a realistic overview of your financial situation and NOT a quick online app calculation. It’s important to know…

Do’s Keep saving Continue paying down unsecured debt Keep your mortgage team up to date with any changes including down payment & income Maintain an adequate credit score Don’ts Do not take on any new debt, including purchasing a vehicle Do not change jobs Do not spend your down payment Do not move your down payment around

With our pre-approvals, we only pull your credit one time to ensure maximum credit. Credit reporter will also allow you to have a certain number of hard pulls per individual each calendar year, without hurting your overall credit score. Checking your credit will not negatively affect your score unless you already have underlining credit concerns like late or missed payments. In this case, your score will still not be impacted, and we can work with you to help establish stronger credit practices for your future.