The 4 (Sorta Messy) Ingredients Required for a Mortgage Pre-approval

Hint: it may or may not include a DNA sample and your first born 👶

Seriously though, the lender needs a ton of documentation before they will lend you hundreds of thousands of dollars. Information to be verified includes:

• Income

• Down payment

• Credit worthiness

Once this information has been gathered and verified, your mortgage broker reviews your debt service ratios to ensure you can carry the monthly mortgage payments without financial hardship.

This there is a lot of 'homework' upfront, this pre-approval process is designed to protect you!