_edited_p.png)
The Mortgage Process: How It Works
The mortgage process starts with choosing an experienced mortgage broker who understands current lending rules and lender guidelines. From there, I review the key parts of your application to determine the best mortgage options for you.
What I review during the mortgage process:
-
✅ Application details – Employment, savings, and the source of your down payment
-
✅ Servicing ratios – Affordability calculations that determine how much you qualify for
-
✅ Credit report – Ideally two active credit accounts, a two-year history, and a credit score of 680+
-
✅ Supporting documents – Proof of down payment and employment verification
By reviewing these elements upfront, I help streamline the approval process and match you with the right lenders.
How long does it take to get mortgage approval?
The timeline for mortgage approval depends on where you are in the buying process and how quickly documents are provided.
Mortgage Pre-Approval
If you have your documents ready, a mortgage pre-approval can often be completed within 24–48 hours.
Mortgage Approval After an Accepted Offer
Once your offer to purchase is accepted, you’ll typically have a financing condition period to finalize your mortgage. In most cases, I require 5–7 business days to complete the financing condition, assuming all documents have already been submitted.
Mortgage Approval Process Timeline
-
Step 1: Initial lender and insurer approval
(2–3 business days) -
Step 2: Document review and verification
(2–3 business days) -
Step 3: Final lender confirmation
Financing is approved and you’re cleared to remove the financing condition
Having documents ready early helps avoid delays and keeps your purchase on track.