--- title: | Mortgage Approval Process description: Mortgage Approval Process | --- [![Richards-Mortgage-Group-LOGO](https://www.richardsmortgagegroup.ca/hs-fs/file-2071180059-png/RMG-img/RMG-HomePage/Richards-Mortgage-Group-LOGO.png?width=350&name=Richards-Mortgage-Group-LOGO.png)](https://115190.hs-sites.com/richards-mortgage-group-home) [![facebook](https://www.richardsmortgagegroup.ca/hs-fs/file-2070806601-png/RMG-img/RMG-HomePage/fb.png)](https://www.facebook.com/richardsmortgagegroup)[![twitter](https://www.richardsmortgagegroup.ca/hs-fs/file-2071180019-png/RMG-img/RMG-HomePage/tw.png)](https://twitter.com/MortgageIntell)[![google plus](https://www.richardsmortgagegroup.ca/hs-fs/file-2070806606-png/RMG-img/RMG-HomePage/gp.png)](https://plus.google.com/+RichardsMortgageGroupCanada/about)[![linkedin](https://www.richardsmortgagegroup.ca/hs-fs/hub/115190/file-2070806596-png/RMG-img/RMG-HomePage/li.png)](https://ca.linkedin.com/in/richardsmortgagegroup)[![LET’S TALK](https://no-cache.hubspot.com/cta/default/115190/e82b3a4f-447a-4c33-b6c9-d1f754bc1167.png)](https://cta-redirect.hubspot.com/cta/redirect/115190/e82b3a4f-447a-4c33-b6c9-d1f754bc1167) **"Mortgage Financing News" for Realtors Blog** ## [Spring 2015 Update from Chris Richards](https://www.richardsmortgagegroup.ca/realtor-blog/spring-2015-update-from-chris-richards) Posted by [Chris Richards](https://www.richardsmortgagegroup.ca/realtor-blog/author/chris-richards) on Apr 17, 2015 5:42:00 PM [![](https://www.richardsmortgagegroup.ca/hubfs/People/ChrisRichards1-Reverse250x350.jpg) ](https://www.richardsmortgagegroup.ca/realtor-blog/spring-2015-update-from-chris-richards) Greetings! It's been awhile since my last update. I've been very busy despite the news!  On top of that, I moved to a new home last fall, and totally updated my website and branding over the winter.  I even worked remotely from Mexico for the month of February! [Read More](https://www.richardsmortgagegroup.ca/realtor-blog/spring-2015-update-from-chris-richards) ## [What Really is a Mortgage Pre-Approval?](https://www.richardsmortgagegroup.ca/realtor-blog/what-really-is-a-mortgage-pre-approval) Posted by [Chris Richards](https://www.richardsmortgagegroup.ca/realtor-blog/author/chris-richards) on Jan 21, 2015 4:21:00 PM [![](https://www.richardsmortgagegroup.ca/hs-fs/hub/115190/file-16460141-jpg/images/getapproveddecline.jpg) ](https://www.richardsmortgagegroup.ca/realtor-blog/what-really-is-a-mortgage-pre-approval) Every Realtor knows that showing a home to a non-qualified buyer is potentially wasting his or her valuable time and that of the home seller.  "Have you been pre-approved?," is a question many Realtors are taught to ask, but what does YES really mean?  Pre-approved has different meanings to different people, and certainly the buyer's interpretation can be a long way from reality.  My advice is to Realtors is to ask another question or two: **1) What is the name of the mortgage professional you are dealing with?** (to see if an actual relationship has been established), and **2) When did they last review any of your documents and credit report? (**to see at what stage of assessment prospect is at).  Depending on the prospect's answers, you can better prioritize your time and decide on best next steps. [Read More](https://www.richardsmortgagegroup.ca/realtor-blog/what-really-is-a-mortgage-pre-approval) [All posts](https://www.richardsmortgagegroup.ca/realtor-blog/all) ![](https://www.richardsmortgagegroup.ca/hs-fs/hub/115190/file-2201574406-jpg/RMG-img/Guide-images/9.jpg?width=320&name=9.jpg) **About this Realtor Blog** Published specifically for Realtors to keep you abreast of Canadian interest rate trends, economic news, lender programs, and tips to "Help Realtors Sell More Real Estate." **Subscribers will get the inside track on what mortgage brokers are seeing on the front lines trying to finance your deals.** Please feel free to invite your collegues to sign up and **call with any mortgage questions whatsoever 1.888.540.1715 ext 2.** Search this site on Google Search Google ### Subscribe to Email Updates ### Recent Posts ### Posts by Topic - [Mortgage News & Updates (11)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/mortgage-news-updates) - [Mortgage Basics (7)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/mortgage-basics) - [Home Buying Tips (2)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/home-buying-tips) - [Mortgage Approval Process (2)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/mortgage-approval-process) - [Property Type Insights (2)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/property-type-insights) - [Debt Management (1)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/debt-management) - [Income Verification (1)](https://www.richardsmortgagegroup.ca/realtor-blog/topic/income-verification) Contact Us Richards Mortgage Group 73 Riverview Circle Cochrane, AB T4C1K3 T: 587.774.6290 TF: 1.888.540.1715 Fax: 587.315.6117 [Contact Us](https://www.richardsmortgagegroup.ca/contact) Connect With Us [![facebook](https://www.richardsmortgagegroup.ca/hs-fs/file-2079671164-png/RMG-img/RMG-HomePage/footer-fb.png)](https://www.facebook.com/richardsmortgagegroup)[![twitter](https://www.richardsmortgagegroup.ca/hs-fs/file-2079671174-png/RMG-img/RMG-HomePage/footer-tw.png)](https://twitter.com/mortgageintell)[![google plus](https://www.richardsmortgagegroup.ca/hs-fs/file-2079165796-png/RMG-img/RMG-HomePage/footer-gp.png)](https://plus.google.com/+RichardsMortgageGroupCanada/about)[![linkedin](https://www.richardsmortgagegroup.ca/hs-fs/hub/115190/file-2079671169-png/RMG-img/RMG-HomePage/footer-li.png)](https://ca.linkedin.com/in/richardsmortgagegroup) Recent Blog Posts ### Recent Posts Brokerage Head Office [![Quantus Mortgage Solutions](https://www.richardsmortgagegroup.ca/hs-fs/file-2188912383-png/RMG-img/RMG-HomePage/Quantus-transparent-2.png?width=169&name=Quantus-transparent-2.png "Quantus Mortgage Solutions")](http://www.qmortgage.ca/) 6025 12 St SE, Suite 235 Calgary, AB  T2H2K1 403.238.3111 Canada [Privacy Policy](https://115190.hs-sites.com/privacy-policy)