Why Choose Mortgage Pre-Approval?
Rate Lock Security
Protect yourself against rate increases for up to 120 days while you shop.
Clear Budgeting
Know exactly how much you can spend on a home before you make an offer.
Negotiating Power
Sellers take your offer more seriously when you have a pre-approval in hand.
Why Get Pre-Approved First?
Step Into the Market with Total Confidence
In today's fast-moving real estate market, standing out as a serious buyer is critical. A mortgage pre-approval does more than just tell you how much house you can afford—it gives sellers and real estate agents confidence that your financial foundation is rock-solid.
When you work with Kenlock Mortgage, we don't just run basic numbers. We review your full financial profile, assess debt-service ratios under current Bank of Canada stress-test guidelines, and identify potential issues before you write an offer.
"A pre-approval transforms you from a window shopper into a ready buyer. It locks in your interest rate and saves you from heartbreak during offer negotiations."
Key Advantages of Our Pre-Approval Process
- 120-Day Rate Guarantee: If rates rise while you shop, your lower pre-approved rate is locked. If rates drop, you get the lower rate.
- Access to 50+ Canadian Lenders: We compare major chartered banks, credit unions, and alternative lenders to secure maximum borrowing capacity.
- Fast Turnaround: Most pre-approvals are issued within 24 to 48 hours of receiving complete documentation.
Our Pre-Approval Process in 4 Simple Steps
1. Consultation & Application
Complete a brief online form or speak with one of our mortgage agents to review your income, assets, and goals.
2. Document Review & Analysis
Submit pay stubs, T4s, NOAs, and credit details so we can accurately calculate your maximum borrowing capacity.
3. Pre-Approval Certificate
Receive a formal pre-approval letter and rate lock valid for up to 120 days to present with your home offers.
4. Confident House Hunting
Shop for homes within your validated price range and submit firm offers with total peace of mind.
What Documents Do You Need?
<p>To issue a firm pre-approval, lenders require verification of income, credit, and down payment funds. Gathering these early ensures a seamless experience when you find the right property.</p> <h3>Standard Documentation Checklist</h3> <ul class="list-disc pl-6 space-y-1"> <li>Government-issued photo ID (Driver's License or Passport)</li> <li>Recent pay stubs and employment letter</li> <li>Last 2 years of T4s and Notice of Assessments (NOAs)</li> <li>90 days of bank statements showing down payment funds</li> </ul>
