Before You House Hunt: Why Getting Pre-Approved in Ontario Is a Game-Changer

Thinking of Buying a Home in Ontario? Start with a Mortgage Pre-Approval

Before you start browsing listings or hitting open houses, one of the smartest first steps is getting pre-approved for a mortgage.

Here’s why it matters:

Know Your Budget – Pre-approval gives you a clear picture of how much you can afford, so you can shop with confidence.
Lock In a Rate – Many lenders will hold a mortgage rate for 90–120 days, protecting you from interest rate hikes.
Stronger Offers – Sellers take you more seriously when they know you’ve already been vetted by a lender.
Avoid Surprises – You’ll get a better understanding of your credit score, debt ratios, and any financial steps you may need to take before applying.

What You’ll Need to Get Pre-Approved in Ontario:

• Proof of income (T4s, pay stubs, or tax returns if self-employed)

• Proof of assets (bank statements, investments)

• Credit score and history

• Employment verification

• Details of any debts or financial obligations

Whether you're a first-time buyer or looking for your next investment, pre-approval puts you in a strong position in Ontario’s competitive real estate market.

Have questions about where to start? Contact us today!