Clients ask me “With an Alberta mortgage, how long does it take to complete a loan transaction?
If all the mortgage information requested by the lender (i.e. Income verification, down payment verification and property details) is given to the broker in a timely matter, then the transaction can be completed in as little as 2 weeks.
“Can I get pre-approved for a Canadian mortgage before I find the home I want to purchase?” Yes. A good mortgage lender can offer preapprovals from 60 days to 120 days. And when it comes to a the best Canadian mortgage rate for new construction, many lenders will extend that preapproval time to fit the construction schedule. This will allow you to hold a great interest rate while you shop for or build a new home.
“And for a home mortgage, how much can I qualify for?” Qualifying guidelines for an Alberta mortgage vary depending on the lenders criteria and products available.
And mortgages on this site are not limited to Alberta. Our mortgage broker specialist Bob Buckham can get you great rates on any Canada home loan. Simply fill out the application form below.