Once I am Pre-Approved for a mortgage, I will have no problem obtaining a mortgage, right?

It is important to note that a pre-approval qualifies you as the applicant. We will have confirmed your income, credit and down payment at this stage. However, we are not able to pre-approve the property you will be purchasing. This is still subject to lender/insurer approval. Therefore, it is important that you always put a “subject to financing” condition on your offer to purchase. Your real estate agent will assist you in writing the offer to purchase. Also, a pre-approval is only valid if there is no change in your financial situation. If something has changed since you received your pre-approval (e.g. change of job, acquire new debts) be sure to contact me, so that I can review your file.