Office 289-505-0631  ·  Direct 647-291-7116 Rajiv Verma, Mortgage Broker · Mortgage Architects · FSRA Licence #12728
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Mortgage pre-approval — know your budget, lock your rate

Shop with confidence and make strong offers. A free pre-approval confirms how much you can borrow and holds a rate for you while you look.

Quick answer: A mortgage pre-approval confirms how much you can borrow and locks in a rate for up to 120 days, so you can house-hunt within budget and make competitive offers. It’s free, it doesn’t obligate you, and it makes you a stronger buyer in the seller’s eyes.

Why get pre-approved

  • Know your true budget — a lender-backed number, not a guess.
  • Lock a rate for up to 120 days against rate increases.
  • Offer with confidence — sellers take pre-approved buyers more seriously.

Pre-qualification vs. pre-approval

A quick pre-qualification is a rough estimate. A true pre-approval reviews your documents, so the number is reliable and the rate is held. I do the real thing.

Rate hold
Up to 120 days
Cost
Free, no obligation
Good for
Confident house hunting
Next step
One quick conversation
AI-enabled FAQ

Pre-approval — your questions, answered

Real answers to the questions clients actually ask. Search or tap any question.

What is a mortgage pre-approval?
It’s a lender’s confirmation of how much you can borrow and at what rate, based on a review of your income, credit, and down payment. It holds a rate while you shop.
How long does a pre-approval last?
Typically up to 120 days. If rates rise during that window, your held rate protects you; if they fall, you can usually still get the lower rate.
Does a pre-approval guarantee my mortgage?
It’s a strong indication, not a final guarantee — the property still has to qualify and details must hold. It’s the closest thing to certainty before you find a home.
Will a pre-approval affect my credit score?
There’s one credit check, which has a small, temporary effect. It’s well worth it for the budget clarity and rate hold.
What documents do I need to get pre-approved?
Usually ID, proof of income, down payment confirmation, and details of any debts. I’ll send a simple checklist.
Can I get pre-approved if I’m self-employed?
Yes — see self-employed mortgages. We use programs suited to business owners and provable cash flow.
How much can I afford?
Pre-approval gives you an exact, lender-backed figure based on your income, debts, and rates — far better than an online estimate.
Does it cost anything?
No. Pre-approval is free and doesn’t obligate you to proceed with any lender.

Related services

First-time buyers · Calculators · Contact

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Go deeper — the answer library

Before you apply anywhere, it’s worth knowing what the thresholds actually are — and why applying in several places at once does real damage.

Open the answer library →