A synopsis of actions to home financing approval in Canada.

A synopsis of actions to home financing approval in Canada.

Starting a “live” home loan demand, some clients appreciate a summary associated with the home loan approval process from start all the way through to closing, where in fact the home loan is funded.

Please be aware, ahead of a “live” funding request you will find a number of preparatory procedures or actions that ought to be completed upfront. The first rung on the ladder is the Pre-Assessment or Discovery Call, followed closely by a home loan Pre-Approval (steps 2 & 3 below) where the application and help documents have now been required, gotten and evaluated. Finally, we arrive at a “live” deal (actions 4 through 7) where funding is formally required, authorized, and funded.

The mortgage that is normal procedure goes something such as this:

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