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Why Get A Mortgage Pre-Approval


Published July 11, 2017 • 2 Min Read

If you’re serious about purchasing a home, obtaining a pre-approval puts your mind at ease. A lot of us, when we’re seeking to buy a house, have an idea of that ideal home. But can we actually afford that home?

Getting pre-approved will set your benchmark or your price range. This knowledge shapes your perspective so you’re not wasting your time and you’re not getting disappointed down the road when you see the house of your dreams and realize that you can’t afford it.

Meeting with an RBC Mortgage Specialist to get pre-approved will give you the confidence when purchasing a home as you’ll know exactly what the process is and exactly what’s expected of you so that you end up with the house of your dreams and the ability to finance your mortgage.

Get started with the pre-qualify tool.

An RBC Mortgage Specialist can help walk you through the entire process from the down payment to all the other expenses related to home buying such as mortgage payments, the benefits of picking a certain payment schedule, land transfer tax and lawyer fees.

At RBC, coming in to get a pre-approval is an easy no-cost, no-obligation process.

This article is intended as general information only and is not to be relied upon as constituting legal, financial or other professional advice. A professional advisor should be consulted regarding your specific situation. Information presented is believed to be factual and up-to-date but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. All expressions of opinion reflect the judgment of the authors as of the date of publication and are subject to change. No endorsement of any third parties or their advice, opinions, information, products or services is expressly given or implied by Royal Bank of Canada or any of its affiliates.

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