What is a True Pre-Approval?
- 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 that these online options are a great tool to get a general understanding but are not an accurate tool that you would want to use solely prior to house shopping.
- Our pre-approvals are a free, no obligation step put in place to help you understand your unique borrowing power before starting the home buying process with your realtor.
- Your pre-approval rate will be held for 120 days (sometimes more), protecting you should rates rise. This comes with a guaranteed best rate at time of submission.
- Understanding your borrowing power at time of offer, not only gives you the upper hand in negotiations, but it provides you the confidence to act.