" Getting a pre-approval locks in your best rate for 120 days.
It guarantees you get a lower rate should rates go up.
If rates go down, you get the new lower rate.
Either way, you WIN. "
Getting a pre-approval from Canada Mortgage Hub is free and of no-obligation to you. Whether you are purchasing a home, renewing a maturing mortgage or refinancing one to get a lower rate, getting pre-approved can save you money. It lets you know beforehand the maximum price of home and/or mortgage amount you can afford. It also lets you know beforehand any discrepancies in your credit history and what you can do about it to increase your chances of getting a mortgage at a lower rate. Fixing discrepancies on your credit history is also a wise move before shopping for a house.
We may guarantee your rate for up to 120 days. If rates increase, you do not have to worry about paying more interest. Should it decrease after you get your pre-approval, you get the new lower rate. It’s your BEST rate – GUARANTEED. Also, a pre-approval is by no means a strict commitment to go with the lender who pre-approved you. Should there be a better mortgage deal by the time you make an offer on a home, we can get help you apply for that as well.
Please note, a pre-approval is more significant that a pre-qualification. Please go to the FAQ section of our site to find out the difference. If you want us to notify you in advance, and/or get you a pre-approval when your mortgage is about to mature, you may sign up with our Renewal Alert program. With this program, we will notify you when your mortgage maturity is near and offer you the best deal by the time you renew your mortgage.
