Pre-Approved Mortgages Halifax NS

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.

Scotiabank
(902) 420-3567
1709 Hollis Street
Halifax, NS
 
RBC - Royal Centre Branch
(902) 421-8330
5161 George St-Main Flr
Halifax, NS
Languages
English, French
Office Hours
Monday: 08:00 - 17:00
Tuesday: 08:00 - 17:00
Wednesday: 08:00 - 17:00
Thursday: 08:00 - 17:00
Friday: 08:00 - 17:00
Saturday: Closed
Sunday: Closed

BMO Bank of Montreal
(902) 421-3798
5435 Spring Garden Rd
Halifax, NS
Type
Branch with ABM

Scotiabank
(902) 420-4929
6005 Coburg Road
Halifax, NS
 
Scotiabank
(902) 420-4940
91-93 Portland Street
Dartmouth, NS
 
Scotiabank
(902) 420-3787
5656 Spring Garden Road
Halifax, NS
 
BMO Bank of Montreal
Spring Garden Road
Halifax, NS
Type
ABM

RBC - Spring Garden & Summer Branch
(902) 421-8177
5855 Spring Garden Rd
Halifax, NS
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

RBC - Quinpool & Oxford Branch
(902) 421-8420
6390 Quinpool Rd
Halifax, NS
Languages
English, French
Office Hours
Monday: 09:30 - 17:00
Tuesday: 09:30 - 17:00
Wednesday: 09:30 - 20:00
Thursday: 09:30 - 20:00
Friday: 09:30 - 17:00
Saturday: 10:00 - 15:00
Sunday: Closed

Scotiabank
(902) 420-3757
6169 Quinpool Road
Halifax, NS
 

Pre-Approved Mortgages

Provided By:

(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