Preauthorized Mortgage
Evaluation lets you know the maximum amount of financing you can get, depending on your financial situation (income, assets, liabilities) for the purchase of a principal residence (single family, condominium, paired).
Benefits
- Facilitates your negotiations with the seller or broker because you know exactly what your borrowing capacity.
- Ensures an interest rate for a minimum period of 90 days.
- Protects a rate hike during your negotiations.
- Allows you to benefit from a possible rate cut at the time of signing the contract if it is lower than that which was originally agreed.
- Accelerates the allocation of the loan.