Conditional or Pre-Approval

Page 1 - 2 - 3 - 4

Depending on the lender and method of application, conditional approval can be obtained from as little as a few minutes to a few days. We will provide you with a conditional approval letter once granted by the lender. The letter will state conditions which may include, but not limited to;

. Final verification such as CRAA credit check
. Income verification
. Valuation of the property or security

We often obtain pre-approvals for our clients, allowing them to look for a property with confidence that their finances are in order. These approvals are valid for up to six months.

Unconditional Approval Once all the lender's conditions have been met they will notify us that the loan has been formally/unconditionally approved. We then arrange for an unconditional letter of approval to be sent to you. The lender then proceeds to issue formal letters of offer and prepare the mortgage documents.