rate hold mortgage pre approval ontario canada

Do Mortgage Pre Approvals Truly Exist?

What Is a Mortgage Pre Approval? The terms Rate Hold,  Prequalification and Pre-approval are often used synonymously, when in fact they are very different! Many mortgage brokers incorrectly use the term pre-approval, when they intend a Rate Hold. Prequalification on a mortgage application is what most clients comprehend and refer to as a Pre-approval. A …

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