Are you looking to get a Mortgage approved for your next dream home in Canada? Here are the steps that will guide you to make the right move!
1. The Initial Phase
2. The pre-approval Phase
3. The approval phase
Factors into getting approval for a mortgage:
- Character and background
- Capacity
- Credit
- Capital
- Collateral
Lead time
- The entire process: 2-3 business days
- Pre-approval status: 120 days