Overview
Buying a home isn’t just a milestone—it’s a financial decision that shapes your future.
Before you even begin your search, understanding exactly what you can afford puts you in control. That’s where mortgage pre-approval comes in. It eliminates uncertainty, strengthens your position as a buyer, and ensures you’re looking at homes within your real budget—not guesses.
At Dominion Lending Centres, we believe every buyer should step into the market fully prepared, confident, and backed by clarity.
Dominion Lending Centres mortgage professionals can lock-in an interest rate for you for anywhere from 60 – 120 days while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.
In order to get pre-approved for a mortgage, a mortgage professional requires a short list of information that will allow them to determine your buying power. A mortgage professional will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home.
Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.
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Access our app for a faster, simpler mortgage experience—track progress, explore options, and stay in control anytime, anywhere.
Our Lenders
Dominion Lending Centres mortgage and leasing professionals shop over 90 different banks, credit unions, and trust companies to meet your financing needs. We will search hundreds of lending products to find the best possible mortgage or leasing solution tailored to you.
FAQs
A pre-approval confirms your actual purchasing power and locks in an interest rate for 90–120 days, protecting you from rate hikes.
A formal pre-approval involves a 'hard' credit check, which may cause a minor, temporary dip in your score. However, this is a necessary step to get a firm commitment.
It guarantees the rate and financing, provided the property you choose meets lender criteria and your financial situation does not change.
Typically, we require proof of income (pay stubs/T4s), proof of down payment (bank statements), and a list of your current debts.
If your pre-approval expires, we simply update your application with the latest financial information to extend your rate hold or re-qualify.
Welcome
Get clear, personalized guidance to choose the right mortgage, understand your options, and move forward with confidence at every step.
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