Pre-Approved Mortgages Edmonton AB

Thinking about buying a new home but not sure what the difference is between being pre-qualified and pre-approved for a mortgage? Bernice Dunsby, RBC's senior manager of home equity, has some answers.

Canadian Western Bank - Edmonton 103Rd Street
(780) 423-8801
10303 Jasper Avenue
Edmonton, AB
Office Hours
Mon - Fri: 8:30 - 4:00

RBC - Kingsway Mews Branch
(780) 448-6450
10567 Kingsway Ave
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(780) 448-7890
10709 Jasper Avenue
Edmonton, AB
 
Scotiabank
(780) 448-7735
8108 118Th Avenue Nw
Edmonton, AB
 
RBC - Main Br - Edmonton
(780) 448-6611
10107 Jasper Ave Nw
Edmonton, AB
Languages
Russian, English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 17:00
Friday: 09:00 - 17:00
Saturday: Closed
Sunday: Closed

Canadian Western Bank - Corporate Office
(780) 423-8888
10303 Jasper Avenue
Edmonton, AB
Office Hours
Mon - Wed, Fri: 9:00 - 4:00
Thursday: 9:00 - 5:00

RBC - Southgate Shopping Centre Branch
(780) 448-6470
5015 111Th St-Unit 472
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: Closed
Sunday: Closed

RBC - Edm-Manulife Place Branch
(780) 448-6680
10180 101 St Nw
Edmonton, AB
Languages
English, French
Office Hours
Monday: 09:00 - 16:00
Tuesday: 09:00 - 16:00
Wednesday: 09:00 - 16:00
Thursday: 09:00 - 17:00
Friday: 09:00 - 17:00
Saturday: Closed
Sunday: Closed

Scotiabank
(780) 448-7600
10050 Jasper Ave
Edmonton, AB
 
RBC - Edm-Old Strathcona Branch
(780) 448-6900
10843 82Nd Ave
Edmonton, AB
Languages
Mandarin Chinese, Yue Chinese (Cantonese), English, French
Office Hours
Monday: 09:30 - 16:00
Tuesday: 09:30 - 16:00
Wednesday: 09:30 - 16:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 09:30 - 16:00
Sunday: Closed

Pre-Approved Mortgages

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(NC)-Thinking about buying a new home but not sure what the difference is between being pre-qualified and pre-approved for a mortgage? Bernice Dunsby, RBC's senior manager of home equity, has some answers.

"When you're pre-qualified for a mortgage," says Ms. Dunsby, "a lender has simply given you a rough idea of how much you may be able to finance to buy your home."

"On the other hand," she continues, "with a pre-approved mortgage, a lender has made an actual commitment, subject to conditions, to loan you money."

You'll find house-hunting is easier with the advantages of mortgage pre-approval:

• You'll save time, seeing only homes you can afford, and you can better manage your money, knowing your monthly payment amounts, as well as how much your down payment will be.

• Real estate agents will serve you better because they know you're serious and ready to buy, and when you make an offer to purchase, the seller is more likely to give it serious consideration because you have solid financial backing. Your pre-approved status may also give you more negotiating power with a seller.

• Your mortgage rate will be locked in against increases for 90 days with most financial institutions if you select a fixed rate term (and it can go lower if rates go down). There's no cost to you for a pre-approval and you're not obligated to accept the mortgage.

More information on buying a home or getting pre-approval can be found online at www.findingyourhome.ca.

- News Canada