Mortgage Pre-Approval

in Edmonton

Find out how much you can afford with a fast, accurate pre-approval.

Pre-approval is the first and most important step in your home-buying journey. I help Edmonton and St. Albert buyers understand their budget, secure the best rate available, and shop with confidence—without surprises or delays

What Is a Mortgage Pre-Approval?

Your First Step!

A mortgage pre-approval is a lender’s estimate of how much you can borrow based on factors like income, credit history, debts, and down payment. This important step provides a clear price range for your home purchase and locks in an interest rate, which is beneficial in a fluctuating market. Additionally, a pre-approval shows sellers you are a serious, qualified buyer, making your offer more attractive in competitive situations.

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How the Mortgage Pre-Approval Process Works

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Initial Discovery Call

During this call, we will explore your needs and wants as far as purchasing a new home. I will review my process with you and ask questions regarding your employment, present and future financial goals, and give you an opportunity to ask questions.

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Gather the Required Documents

You send in your income, down payment, and credit information, which provides us with a comprehensive view of your financial situation. This information is essential for us to assess your eligibility and tailor the best options for you. For more details on what specific documents and figures are required, please see the sections below.

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Full Application & Lender Submission

I take the time to meticulously prepare your file, ensuring that all necessary documents and information are in order. Once everything is ready, I submit your file to the lender who is most likely to give you the best chance of approval while also providing the most competitive interest rate available. My goal is to make this process as smooth and beneficial for you as possible.

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Rate Hold (Up to 120 Days)

Your rate is securely locked in, providing you with a solid shield against any potential increases in the market while you take your time to shop around. This means that you can explore your options with confidence, knowing that your agreed-upon rate will remain unchanged, no matter how fluctuations in the market occur.

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Official Pre-Approval Letter

You receive a document detailing your maximum purchase price, approved mortgage amount, and any specific conditions. This serves as a valuable tool for submitting property offers, enabling informed decisions and competitive proposals. Understanding these details enhances your negotiating position and aids in effectively navigating the real estate market.

What Documents Do You Need for a Mortgage Pre-Approval in Edmonton?

From Documents to Dream Home, Hassle-Free.

I prefer to initiate all my preapprovals with a brief intake phone call. During this call, I explain my process and address any questions the client may have.


Additionally, I ask a few questions to better understand the client's needs, including their employment details and what they are seeking. This helps me ensure that when I request documents, I am asking for the appropriate ones that pertain to their unique situation.


Following this, I will ask the client to complete an online application, after which I will collect the required documents based on our discussion during the intake call.

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How Long Does a Pre-Approval Last?

Stay Pre-Approved Without the Guesswork.

After the preapproval is finalized, we secure rates, which are generally held for 120 days. We regularly check in during the process to determine if any rate holds need to be extended or reset, based on the client's purchasing timeline.

How Much Can I Afford in Edmonton? (Simple Breakdown)

Simple Numbers, Smarter Home Buying.

Your affordability is determined by four key factors: your income, the funds you can allocate for a down payment, your existing debts and monthly commitments, and the current mortgage rates.


Although online calculators can provide a basic estimate, they frequently lack accuracy as they overlook critical elements, such as Edmonton property taxes, condo fees, debt-to-income ratios, specific lender programs, and your unique credit profile.


For an accurate figure, I can quickly generate personalized affordability scenarios for you in just a few minutes.

Benefits of Getting Pre-Approved Before House Hunting

Secure Your Spot Before You Fall in Love!

Getting pre-approved allows you to shop with confidence, lock in your rate, avoid disappointment or delays, make stronger offers, understand your payment and budget ahead of time, and get matched with programs for first-time buyers or special situations.

FAQs

  • What do I need for a mortgage pre-approval in Edmonton?

    You’ll need income documents, credit history, down payment proof, and photo ID. See the full list above.

  • Is a pre-approval a guarantee?

    Not fully — the lender still needs to approve the property. However, a strong pre-approval greatly increases your chance of final approval.

  • Does a pre-approval hurt my credit score?

    A single credit check has minimal impact. Multiple checks done by a broker count as one inquiry.

  • How long does it take to get pre-approved?

    Most clients receive a pre-approval within 24–48 hours once documents are submitted.

  • How much will my mortgage payment be?

    This depends on the rate, loan amount, and amortization. I can run personalized payment options for you anytime.

  • What documents should I bring for a Mortgage Pre-Approval in Edmonton?

    Most lenders require:


    • Government-issued ID
    • Letter of employment
    • Most recent pay stubs (30 days)
    • Last two years of T4s or NOAs
    • Bank statements showing your down payment
    • Proof of additional assets (if applicable)
    • Details about your current debts

    Check out our first-time home buyer programs in Edmonton and St Albert to see if you qualify for grants or incentives.



    Self-employed?


     I also work with lenders who accept bank statements, business financials, or alternative income verification.



Download my Mortgage Planner app

  • Calculate your total cost of owning a home
  • Estimate the minimum down payment you need
  • Calculate Land transfer taxes and the available rebates
  • Calculate the maximum loan you can borrow
  • Stress test your mortgage
  • Estimate your Closing costs
  • Compare your options side by side
  • Search for the best mortgage rates
  • Email Summary reports (PDF)
  • Use my app in English, French, Spanish, Hindi and Chinese
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Ready to Get Pre-Approved?

Whether you're buying your first home, upsizing, or purchasing in Edmonton or St. Albert, I make the process simple, fast, and stress-free.

Let's Connect Today!