Buying | 6 min
Ontario Mortgage Pre-Approval Checklist
A practical checklist for income, down payment, credit, debt, property type, and closing costs before starting a mortgage pre-approval.
Start With The Real Budget
A pre-approval should show purchase range, payment comfort, required down payment, closing cost allowance, and any approval risks before the offer stage.
Prepare Documents Early
Most files need income documents, down payment history, ID, credit review, debt details, and sometimes business or property-specific documents.
Do Not Ignore Conditions
A pre-approval is not a final approval. Property, appraisal, insurer review, and updated documents can still affect the decision.
The practical next step
A guide can explain the issue, but the file still depends on your income, credit, property, equity, down payment, documents, timeline, and lender fit. Send the details for a review before making a financing decision.
Need a mortgage answer before you make the wrong move?
Send the file details. Ardy will review the goal, timeline, documents, risk points, and likely lender path.