Death of the Pre-approval?

Many lenders have cancelled their pre-approval program.  Others are charging a rate premium.  Why?  It's estimated that less than 1/3 of pre-approvals are funded.  Those that aren't cost millions of dollars in wasted time and effort.  So what to do?  At Centum Discount Mortgage Canada, we can pre-qualify you and do a credit check.  You'll know what you can afford and what mortgage rate you'll qualify for.  When a mortgage is required for your purchase, always insert a condition on arranging financing.  By following this process, we can ensure you receive the best available rate and terms in the marketplace.  For questions or to get prequalified or 519-505-4488.    

Jeff Gingerich

Jeff Gingerich

Sales Representative
CENTURY 21 Home Realty Inc., Brokerage*
Contact Me

Blog Archives