Getting preapproved for a mortgage
When you’re shopping for a mortgage, you can compare options offered by different lenders.Mortgage lenders have a process which may allow you to:
- know the maximum amount of a mortgage you could qualify for
- estimate your mortgage payments
- lock in an interest rate for 60 to 130 days, depending on the lender
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Original Article Source Credits: Government of canada, https://www.canada.ca
Article Written By: NA
Original Article Posted on: 2020-12-29
Link to Original Article: https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html