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Tag Archives: Mortgage Pre-Approval
A Mortgage Pre-Approval is NOT a Guarantee of a Mortgage!
Mortgage Pre-Approvals are NOT Guarantees of a Mortgage!
I recently had the pleasure of interviewing Chad Watts of The Mortgage Group about mortgage pre-approvals. He brought up a very important point for Buyers, particularly First Time Home Buyers. And that is a mortgage pre-approval is NOT a guarantee that you will get a mortgage at the amount the Lender originally mentions or get a mortgage at all.
What is a Mortage Pre-Approval?
This is a preliminary estimation by a Lender of how much the Lender will loan you based on very basic information. This number is subject to change based on what property you Continue reading
Posted in: First Time Home Buyers Advice for Vancouver, For Buyers, Vancouver Real Estate and Mortgage Financing
Tags: Borrower, Chad Watts, Do I Need to go to the Bank before I Buy a Condo, Do I Need to go to the Bank before I Buy a House, Financing and Pre-approval, First Time Home Buyer Tips, First Time Home Buyers Advice for Vancouver, First Time Home Buyers Mortgage Advice, How do I get a Mortgage, How to Get a Mortgage in Vancouver, Lender, Loan Preapproval, Mortgage Borrower, Mortgage Broker, Mortgage Information for First Time Home Buyers, Mortgage Lender, Mortgage Lending, Mortgage loan, Mortgage Pre-Approval, Mortgage Pre-Approval Canada, Mortgage Pre-Approval Vancouver, Mortgage Preapproval, The Mortgage Group, Vancouver Mortgage Broker, What is a Mortgage Pre-Approval
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