When getting pre-approved, Dominion Lending Centres mortgage professionals will let you know for certain what you can afford based on lender and insurer criteria, and what your payments on a specific mortgage will be.

While shopping for your perfect home, Faizal Garasia, one of the best mortgage brokers in Toronto can lock in an interest rate for your protection. You are guaranteed to get a mortgage for the locked-in rate up to 90 days unless otherwise specified. If interest rates drop, you will receive the lower rate. However, if interest rates go up, your locked-in interest rate assures that you get the lower rate.

In order to get pre-approved for a mortgage, Faizal will require a short list of information that will allow your buying power to be determined. There will be an explanation of all the information, including: the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs, plus a review all of the other costs involved with purchasing a home.

Before shopping for a new home, any potential buyer should get pre-approved for a home mortgage in Canada.

Contact Faizal Garasia for pre-approval today! A pre-approval will give you confidence that funding is available, and it can put you in a very positive negotiating position against other home buyers who aren’t pre-approved.