Re/Max Realty Specialists Inc.,
Brokerage Independently Owned & Operated
*Sales Representative

Krisztina's Thoughts on Mortgage Pre-Approval

It is extremely important that you get a Mortgage Pre-approval prior to our home search so that you clearly understand what you can afford in the bank’s eye. What you think you can afford and what the bank says you can afford are often 2 different things. One of the biggest mistakes I see in the industry is when an Agent takes out a Client prior to Pre-approval. It often sets the expectation too high (looking at properties $50,000 to $100,000 above your budget) or too low and is a poor use of everyone’s time. A pre-approved Client is a happier Client. Our valuable time spent together is useful and expectations are realistic.

    Remember, EXPECTATION & AFFORDABILITY & DREAM HOUSE must line up!!

I can help you connect with a competent and suitable mortgage provider. When you know what you can afford, we can go to the next stage.


  • Have your employer give you a letter on company letterhead outlining your name, position, gross annual income, and number of years employed with the company.
  • If self employed, three years financial statements, and tax returns (together with official assessment from Revenue Canada).
  • Social Insurance Numbers
  • At least 3 year history of residences and employers.
  • Know your banking information (institution's name, address, type of accounts, account numbers).
  • Know your assets and their value (e.g. cash amounts, stocks, bonds, RRSPs, car).
  • Please let them know about any past credit problems you may have had.
  • Write down a list of questions you would like to have answered.


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