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Tuesday, June 19, 2018 

Cloverdale British Columbia Home Mortgages


A pre-approved mortgage is a 'conditional' approval of your mortgage request. Your pre-approval mortgage should be a written contract signed by the lending institution, describing the amount of the loan and the rate of interest you will be charged. In a volatile interest market, it is great to have a guaranteed rate. If the rates go up, you are guaranteed the rate on your pre-approval. If the rates go down you receive the lowest rate at closing. Most banks will guarantee rates for 60 - 120 days.



Note: This page is provided for information only and does represent all of the possible issues that may arise. Contact a reputable Mortgage Broker or Financial Institution in your area. Real Estate Canada Network or it's owners assume any liability to it's completeness or accuracy.


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