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Getting Mortgage Approval



Once your offer has been accepted, the next step is to see your mortgage provider about finalizing your mortgage approval. If you've pre-arranged the mortgage, this stage is usually routine. Here’s what happens:


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  • Getting your Mortgage Approved

    Who’s Involved

    You and mortgage provider

    What Happens

    A copy of the accepted offer is sent to your mortgage provider and your lawyer for review. Your mortgage provider sends an appraiser to make sure the property is worth the selling price and can be financed at that amount. As a rule, the buyer must get fire insurance before completing the purchase.

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Book an appointment at a BMO branch to discuss your mortgage options

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