The first step is to complete an online application. This allows us to start a file, review your supporting information, and provide you with clear calculations and information for your review. We can then provide your preapproval information so that you can start actively house hunting with a plan.

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Yes, a financing condition is a standard condition for any offer to purchase. We need five business days for financing approval written in any offer to purchase. Although an unconditional offer may look more attractive to a seller, the financing condition protects all parties involved and ensures that everything will move ahead smoothly at the possession date.

There is nothing further from the truth. Banks and their employees have no pull to offer one client a better rate than another. Having all of your "eggs in one basket" means your bank does not have to work to earn your business. This means they will not offer you 'the best' unless they are competing or they are at risk of losing your business. It's better to have your mortgage, investments, and day-to-day banking spread around in places that will take the best care of you and have the most experience dealing with your request. Bankers are required to be 'experts' at everything they offer (mortgages, bank accounts, investments, credit products etc.). They have heavy targets they need to meet monthly and yearly in all of these categories. Being an expert at all of these things is impossible, so the client's best interests are often not considered. It's better to have your mortgage, investments, and day-to-day banking spread around in places that will take the best care of you and have the most experience dealing with your request.

Having a pre-approved mortgage means that a lender has given you a preliminary indication of how much they're willing to lend you for a home purchase, along with a guaranteed interest rate for a certain period of time. While it's not a guarantee that you'll receive the funds, it's a valuable tool to know your maximum borrowing power and to show real estate agents that you're a serious buyer. During the pre-approval process, you'll need to provide your financial and credit information, and your down payment will also be taken into account to determine your eligibility for a loan. Most realtors recommend getting pre-approved before starting your home search to ensure you're looking at properties within your price range.

Our turn-around time for preapproval is quick and efficient, typically taking 24 to 48 hours.