Union Home Mortgage Review – MORTGAGE PRE-APPROVAL vs. MORTGAGE APPROVAL: What's the difference? (and why both are important!)
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In this episode, we discuss the difference between a mortgage pre-approval and a mortgage approval as well as the requirements of each. 🎓Get your FREE HOME FINANCING INFOGRAPHIC GUIDE: https://stories.brookfieldresidential.com/how-to-finance-your-home-mortgage-infographic
About this video:
What’s the difference between a mortgage pre-approval and mortgage approval? What are criteria to get each? Who do you need to get approval from? In this episode, we discuss the differences between the two approvals and their requirements. We also look at examples of why a bank might not give approval and what happens if you get declined by a mortgage insurance provider. Finally, we see if you can switch lenders after pre-approval and reasons to make the change.
#mortgagepreapproval #mortgageapproval #mortgages
📺 Watch to learn how to get pre-approved for a mortgage
📺 Watch to learn the step by step process to get approved for a mortgage: https://youtu.be/TsV8BJvvLH0
📺 Watch to learn about mortgage insurance
✍️ Prefer to read or need to take notes? See the transcripts:
📔 If you want to learn more about the mortgage approval process, watch this playlist: https://www.youtube.com/playlist?list=PLTRYbItmaqW8EgVDQGB84tL2uk4aRCia0
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📱 Want to connect with Mujtaba Syed for any mortgage questions? Here’s how: https://mortgagespecialist.bmo.com/ab/edmonton/MUJTA-1215WWSE/