Speeding Up the Home Buying Process
By obtaining a pre-approval, you can significantly speed up the process of securing a mortgage loan. When you get pre-approved for a loan, you have a lender review your income and credit information in advance and then provide a written statement that shows how much you would be eligible to borrow.
The pre-approval process only takes about 24 hours, assuming that you have the appropriate proof of income and other required documents readily available. You can turn to our mortgage brokers at AKAL Mortgages for assistance with your pre-approval. We assist clients with all types of Mississauga and Brampton mortgages.
There are many benefits obtaining a mortgage pre-approval, including the following:
- Boosted credibility with the seller: The seller will see that you can truly afford the property and that you are serious about making the purchase.
- Greater flexibility for taking action: With your finances already evaluated, you are able to take immediate action when you find the home you want to purchase. By getting pre-approved, you already have the ball rolling.
- An advantage over other buyers: If you are up against other prospective home buyers who have not been prequalified for a loan, then your pre-approval may just what you need to gain the upper hand.
Are you ready to get the pre-approval process started? If so, call AKAL Mortgages today at (416) 621-1300 so we can walk you through each step from start to finish. We offer free evaluations!