A lot of people overlook the importance of a pre approval. Not everyone realizes a pre approval can lock in interest rates so that your ahead of the market if rates shift and may not be impacted. You also can get peace of mind knowing your pre qualified for a mortgage and have better negotiation power in a competitive market. When we pre approve local clients in Oakville or around the GTA, we find these clients and realtors have more leverage in negotiating the home purchase, knowing the financing will go through.