Pre-Approved Mortgage – Kelowna

John Antle | Beyond the Bank

Your Kelowna Mortgage Broker

The Mortgage Pre-Approval Process: John Antle Can Help

Before you start house hunting, contact John Antle to make sure you can get pre-approved for the mortgage amount you need. Even if you have an acceptable credit report, an established credit history and healthy bank accounts, getting mortgage pre-qualification is always recommended.

How Does a Pre-Approved Mortgage Help?

Getting mortgage pre-approval confirms three central elements:


The maximum home price you can afford

The monthly mortgage payment associated with this purchase price

The interest rate and terms for your new mortgage

By obtaining mortgage pre-approval, you gain valuable insights for your home buying process. It helps you discover the maximum affordable home price, allowing for a more efficient search. You also receive an estimated monthly mortgage payment to ensure it fits your budget. Furthermore, you’ll learn the interest rate and terms, enabling you to evaluate borrowing costs and make informed decisions. 

Mortgage pre-approval strengthens your position as a serious buyer, boosting your negotiating power. Don’t wait, start the process today and unlock the possibilities of homeownership. Connect with John Antle for personalized guidance and support.

Frequently Asked Questions About Pre-Approved Mortgage Loans

What is the cost for mortgage pre-approval?

Both the advice and pre-approved mortgage you will receive is free of charge.

What terms are available for my pre-approved mortgage?

You may choose pre-approved mortgage terms ranging from six months to 10 years.

If I apply for a pre-approved mortgage, am I committed to that lender?

Your John Antle Mortgage Specialist will ensure that you get pre-approved for a mortgage with the best lender and mortgage rate for your situation. If you decide to change mortgage lenders, your mortgage broker will help you with this adjustment.

Will CMHC or Genworth also review my pre-approved mortgage?

This is a common question. Once the real estate contract is negotiated and signed by both the seller and buyer, your information, along with the details of the home you are purchasing, will be reviewed by either CMHC or Genworth. These are two popular options for default insurance. Even if you have a pre-approved mortgage, your real estate professional will include a ‘subject to financing’ clause in the contract. This is because mortgage default insurance is mandatory for any purchases in Canada with a down payment of less than 20% of the purchase price.”

How long is the pre-approved mortgage guaranteed for?

The interest rate and pre-approved mortgage will normally be guaranteed for a minimum of 120 days. If interest rates rise during this time, the lender will honour the lower rate. If the interest rates decrease during this time, the lender will also adjust accordingly.

If I have been pre-approved for a mortgage, will this help my real estate agent?

Yes, having a pre-approved mortgage can greatly benefit real estate agents as it allows them to concentrate on the purchase price that you have already been approved for, thereby streamlining the negotiation process. However, it’s crucial to understand that your pre-approved mortgage will still require a final review from your lender to obtain final mortgage approval. During this review, the lender will take into account various factors, including the property you intend to purchase and other monthly expenses associated with it, such as property taxes or condo fees.

How long of a proceI expect when applying for a pre-approved mortgage?

In some cases, a pre-approved mortgage can be confirmed immediately. Contact a John Antle Mortgage Specialist for more details.

Contact Us

    Explore Our Exclusive Suite of Products

    We understand that everyone’s financial situation is unique, and that’s why we offer personalized solutions tailored to your specific objectives. Our mortgage experts are more than happy to discuss all possibilities related to your mortgage payments, ensuring that you have a comprehensive understanding of the options available to you.


    Beyond traditional banking products, we can help you explore a wide range of possibilities that you may not have considered. Our team is dedicated to assisting you in reaching your long-term goals like paying down your mortgage faster or using rental income to make progress on your amortization. With our extensive knowledge and expertise in the mortgage industry, you may discover innovative options that can help you achieve your goals more efficiently and effectively.


    Whether you’re a first-time homebuyer or looking to renegotiate terms for an existing property, John Antle, your trusted Kelowna Mortgage Broker, is here to lend a hand. We provide expert guidance and support throughout the mortgage process, ensuring that you make informed decisions that align with your long-term financial objectives.
    Don’t hesitate to reach out to us today to schedule a consultation. Together, we’ll explore the best mortgage solutions for your needs and help you take significant strides towards reaching your financial goals.


    Call John Antle Mortgages in Kelowna today and let’s get started!

    John Antle Mortgage Alliance has access to over 60 of the Top Moneylenders. Let us find the right Mortgage to suit your needs!