Getting approval before you apply for a mortgage or loan can help you understand how much you can borrow – and how much house you can afford.

When buying a house, you may get pre-qualified or pre-approved. You can typically get pre-qualified over the phone or on the Internet in a few minutes. A pre-qualification is not as beneficial as a pre-approval where you have to go through a more rigorous process which includes verification of your credit, income, assets and liabilities. It is highly recommended that you get pre-approved before you start looking for a house.

This will help you:

• Find out the maximum house you can buy, so you don't waste time looking for properties you can not afford.
• Puts you in a stronger position when you are negotiating with the seller, because the seller knows that your loan is already approved.
• Helps you close quickly, since your loan is already approved.

Submit an application form now.

All pre-application steps:

1. Complete Application Form
2. Have an initial consultation with a CRMCT Mortgage Consultant
3. Obtain Pre-Approval