/Mortgage Pre-Approval Online
Mortgage Pre-Approval Online 2018-09-05T21:42:51+00:00

Mortgage pre-approval – it’s more than a calculator

Get pre-approved now

Mortgage pre-approval – it’s more than a calculator

Get pre-approved now

WHAT IS A MORTGAGE PRE-APPROVAL

DMC pre-approval is a calculation that establishes client’s ability to qualify for a mortgage loan.

As oppose to commonly known mortgage calculators, pre-approval is based on verified data – monthly income statements, SRS reports and person’s credit history. That is why pre-approval has more credibility – as if done by a loan officer. In addition to a quick answer you will receive a loan offer and a pre-approval letter – written statement from DMC about a loan amount you qualify for and our commitment to issue a loan.

Advantages of pre-approval:

  • Know what you can afford before starting to searching for a property
  • Use pre-approval in a purchase process – have flexibility and threshold in the pricing negotiations and even sign an agreement
  • Save time and worry less. Quick and timely answer will allow you to focus on what’s important – your new home.
  • No commitment – DMC pre-approval is available free of charge and doesn’t require to sign a loan agreement with us.

HOW DOES IT WORK

Get pre-approved now

WHEN YOU ARE PRE-APPROVED

Pre-approval answers the question «Do I qualify for a mortgage loan» ? However it is not yet a guarantee that DMC will fund the loan. To sign a loan agreement, you have to get a final approval first.

Final approval is issued, when client submits all necessary information required in the DMC credit guidelines, for example, property appraisal (read about the full application process here)

DMC HOUSING LOANS

More accessible housing loans - lower down payment for the new projects, adjustable loan terms...

MORTGAGE APPLICATION STEPS

Start with pre-approval, submit a property appraisal and receive a loan...

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