The Canadian mortgage process can feel confusing, especially when similar terms are used interchangeably even though they mean very different things. A common example is the difference between “Pre-Qualified” and “Pre-Approved.” Let’s demystify these terms to understand what they are and why they exist: Pre-Qualified This is the first stage of a mortgage application, based on stated information with minimal supporting documentation. It’s best used as an early planning tool
Jeff Knutson
May 252 min read
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