Getting approved for a mortgage can be a tedious process depending on various factors. Often times borrowers have met all the requirements and gone through the entire procedure only to have their approval be delayed. This is why the best option for any borrower seeking a mortgage is to opt for an instant mortgage Canada.
Depending on your lender, a borrower can get approved within 24 hours or over the span of several months. If you are looking for a quick approval and an instant mortgage Canada, there are certain things you need to do.
Most lenders cannot provide their borrowers with an instant mortgage, thus the best option for any borrower is to get pre-approved.
Without a purchase contract in place, preapproval is the closest you can go to validating your creditworthiness. The pre-approval process is a lot like a normal mortgage process, but is more beneficial and can help you get an instant mortgage Canada.
If you are preapproved, you will receive a preapproval letter, which is a 90-day offer to lend you a particular sum, this will lead to easy mortgage approval in Canada.
A mortgage pre-approval gives you the power to negotiate rates easily and makes you an attractive buyer. Sellers are more likely to make adjustments to the deal if a borrower is pre-approved. This is because lenders are almost guaranteed a contract with a pre-approved borrower.
Based on the type of mortgage and borrower, lenders have different requirements for mortgage pre-approval. Once you have met these requirements, your application will be sent to an underwriter, who will assess your mortgage qualifications.
However, if pre-approval isn’t enough for you, and you are looking for an instant mortgage in Canada, certain lenders can help.
Get Approved Within 24 hours* With Freedom Capital
At Freedom Capital, we specialize in commercial, construction, and private financing options.
We positively respond to previously declined mortgage applications outside the conventional lending box. We believe every person deserves a second chance or even more diverse financing options.
Freedom Capital has an extensive network of lenders who are always ready to approve mortgages immediately, no matter how complex they may be. Our private financing experts will help you every step of the way to secure approval for a private financing loan in as little as 24 hours*.
If you need easy access to immediate funds, then you’ve come to the right place. At Freedom Capital, we have a unique process through which your mortgage will get approved seamlessly.
No need to wait for weeks for you to receive your finances, in a matter of days, we will hand you your required funding.
Whether you’re self-employed, new to Canada or simply faced losses in your business due to the pandemic, Freedom Capital can help you get the mortgage you need. If you need help with your mortgage, want to talk to someone, or want to apply for an instant mortgage in Canada.