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Updated over 9 years ago on . Most recent reply

Jonathan Baker's profile image
Jonathan Baker's profile image
Jonathan Baker
  • from Toronto, Ontario
  • Member since Jan 21, 2015
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Jonathan Baker's profile image
Jonathan Baker's profile image
Jonathan Baker
  • from Toronto, Ontario
  • Member since Jan 21, 2015
Connect
Jonathan Baker
  • Toronto, Ontario
1
Votes |
14
Posts
Personal Finance

Mortgage pre-approvals

Jonathan Baker
  • Toronto, Ontario
Posted

This is one thing that still confuse me. What is the need of a mortgage pre-approval? I have a cousin who bought a new house recently by taking a mortgage. She had taken pre approval mortgages and she said that it makes things easier for us. How is it so? What is the exact reason one wants to take a pre-approved mortgage?

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