Many Canadians are under the assumption their mortgage is as good as done once they have a mortgage pre-approval. But the truth is a buyer cannot expect a mortgage pre-approval will automatically translate into a mortgage. The lender now needs to consider the property itself, approve all the terms and review the documentation before you transition from pre-approved to approved. Buyers often do not appreciate there is still some uncertainty when it comes to their mortgage. Unfortunately, once in a … Continue reading A Pre-Approval Does Not Guarantee a Mortgage Approval