• Quick Mortgage Pre-ApprovalQuick Mortgage Pre-Approval: Choose Quality Over Speed

    When you look for a Quick Mortgage Pre-Approval online, you need to proceed with caution. Even the best of pre-approvals are still conditional.

    Pre-Approvals Are Superficial

    When a bank or a mortgage broker does a Quick Mortgage Pre-Approvals, they basically just ask you about your employment income, your credit history, your debts and your down payment. They take your word for everything and then tell you what you can afford. This is not a very safe strategy, especially if you make an firm offer on a home. (By the way, we always preach to our clients to make any offer conditional on financing to protect themselves.)


    Here are some of the common points that can quickly disqualify you after getting a Quick Mortgage Pre-Approval:

    • The find out too late that you’re on contract, not a permanent position.
    • You haven’t been at your job long enough.
    • You’re self-employed.
    • You have a previous bankruptcy.
    • You owe CRA back taxes.

    This list goes on and on. When you do a Quick Mortgage Pre-Approval, you need to speak with a mortgage broker or a banker who knows how to ask the right questions. Otherwise, you could be in for a big surprise when it comes to purchasing the home.

    Not Worth The Paper They Are Printed On

    Anyone can tell you that you are “pre-approved”. It’s like taking “pre-med” at University. The intention is great! But you need to get accepted to a medical school. When you get a Quick Mortgage Pre-Approval in our Mortgage Architects office, we scrutinize your information so that you can make an offer on a home with confidence. It may take a little longer, but it is worth the peace of mind. But nobody is perfect – which is why we always advise our clients to make any offer conditional on financing!!!

    Robert Floris is a Mortgage Broker. His office is located at 651 Fennell Avenue East in Hamilton, Ontario. If you would like to speak with Robert, he can be reached at 905-574-9200 #215. Alternatively, you can contact Robert here.

    If you would like to apply for a mortgage online, please follow this link.

    If you would like to see our Google reviews or leave one yourself, you can do so here.

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