Get a clear understanding of your financial situation when it comes to buying a home with the help of mortgage pre-approvals. This process assists in determining your financial strategy, mortgage amount, down payment, and affordability. It also provides guidance on the necessary documents needed for conditional approval. Pre-approval is vital as it not only reveals the amount you can borrow from a lender based on your current finances, but it also helps identify any obstacles to qualification and expedites the approval process. Depending on the lender and your credit standing, pre-approvals typically last for 60, 90, or 120 days, with some lenders offering the option to lock in the interest rate. With advanced tools in Canada, you can experience reduced errors, improved efficiencies, and saved time. Use our quick pre-qualification tools to determine what you're qualified for.