MORTGAGE PRE-APPROVAL OTTAWA
Know your budget before you start house hunting
Understand your estimated purchase price, mortgage payment, down payment and closing costs before you make an offer.
WHY GET PRE-APPROVED?
A clearer home-buying plan starts here.
01
Purchase budget
Understand a realistic price range before you begin viewing homes.
02
Expected payments
Review your estimated mortgage payment and how it fits your monthly budget.
03
Cash needed to close
Plan for your down payment, legal fees, land transfer tax and other closing costs.
WHAT I REVIEW
The details that shape your pre-approval.
Your income, debts, down payment and property costs all help determine a comfortable mortgage range.
Your financial picture
✓ Income and employment
✓ Existing debts and monthly obligations
✓ Credit history and borrowing profile
Your purchase plan
✓ Down payment and available funds
✓ Target purchase price and property costs
✓ Suitable mortgage options and rate holds
MY PRE-APPROVAL PROCESS
A simple four-step path to a confident offer.
01
Understand your goals
We discuss your purchase price, comfortable payment range, down payment, timing and overall financial picture.
02
Review your documents
Together we confirm the identification, income, down payment and debt documents your application requires.
03
Compare mortgage options
I compare suitable lenders, rates, terms and features and explain how each option fits your goals.
04
Prepare to make an offer
You receive a clear borrowing range and next steps so you can shop for a home with confidence.
Pre-approval is a helpful planning tool, but it is not the same as final mortgage approval. Final financing remains subject to the property, lender requirements, supporting documents and, when applicable, mortgage insurer approval. Government of Canada: Mortgage pre-approval
MORTGAGE PRE-APPROVAL QUESTIONS
Questions before you get started?
Does a pre-approval guarantee my mortgage will be approved?
No. Final approval depends on the property, your supporting documents, your financial circumstances and the lender’s requirements.
How long does a mortgage pre-approval last?
The validity period and any available rate hold depend on the lender and mortgage product. I’ll explain the applicable timelines when reviewing your options.
Can I get pre-approved if I’m self-employed?
Yes. Financing options may be available for self-employed borrowers. The documents and qualification approach depend on your income, business structure and lender requirements.
Should I avoid taking on new debt after being pre-approved?
New debt, changes in employment, missed payments or changes to your down payment can affect your mortgage qualification. Contact me before making significant financial changes during your home search.
Ready to Get Pre-Approved?
Ready to understand your home-buying budget? Let’s review your options and prepare your next steps.
ABOUT VANESSA
Vanessa Wilson
Mortgage Agent Level 2
Licence #M21002877
Clear advice. Personalized mortgage strategies. Support you can count on.