Getting Pre Approved for a Mortgage in Brockville


Getting pre approved for a mortgage in Brockville is when you apply for a mortgage with a lender and the lender confirms that there is a strong possibility that you will be approved for a mortgage in Brockville once an offer is made. Being pre approved will also tell you the maximum house price that you can afford in Brockville. 


Getting Pre Approved for a Mortgage in Brockville


Pre Approval Benefits

With a pre approval, you are able to:

  • lock in a rate for up to 120 days
  • get an example of what your mortgage payment will be
  • find out the house price maximum that you should be looking within

A pre approval gives you a very strong indication on if you will be approved for a house once an offer is made. 

However, it does not guarantee that you will get a mortgage once you make an offer as there are other factors that do into a lender's decision. 

Learn more: Where to Get a Mortgage in Brockville Ontario


Other Mortgage Approval Factors

Some example mortgage approval factors are:

  • the mortgage insurer’s (i.e. CMHC) decision, if applicable - as they can override a lender’s decision
  • the property itself - does it meet the lender’s guidelines
  • property taxes and condo fees - that may be higher and affect your debt to income ratio

Learn more: Three Ways You Can Pay Your Property Taxes

An in-depth pre approval review with a Brockville mortgage broker will be important to assure all these challenges are covered upfront to assure success. 

When thinking of buying a house, it’s important to make sure you buy a place within your own budget as you may get pre approved for more then your comfort level.  


Other Costs to Consider When Buying a Home in Brockville

When buying a home in Brockville, there are other costs to consider such as:

  • moving costs
  • closing costs, like paying your real estate lawyer
  • costs for upkeep to the house or condo fees

Learn more: Closing Costs to Consider When Purchasing a Home
Learn more: City of Brockville


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About Andrew Thake

Andrew Thake is a seasoned mortgage broker with over 15 years of industry experience. He’s assisted more than 2,200 clients in finding their ideal mortgage solutions. Recognized for his excellence, Andrew has received high honours and awards, including the National Rookie of the Year from TD Canada Trust and recognition as a Top 10 Ottawa Mortgage Broker in 2023. He has also been inducted into the Hall of Fame at Dominion Lending Centres and has consistently received their Platinum Award during his tenure as a mortgage broker.

Andrew’s dedication lies in serving his clients and prioritizing their needs with an empathetic approach. Throughout the application process, he provides tailored, informed, and efficient services to ensure the best mortgage solutions for his client’s unique circumstances. The best part of Andrew’s job is when he gets to see the joy on his clients’ faces following their mortgage approval.

Why not make your mortgage experience a comfortable one?

Book an Appointment