Homes-Calgary.com

Pre-approval does not always equate to a mortgage on the home you want.

To be candid the bank has zero feelings about the home you just made an offer on. What they want is to ensure they can get their money back if you default.

A Pre-Approval Does Not Guarantee a Mortgage Approval - Mortgage Rates & Mortgage Broker News in Canada Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms a...