Find the best Saskatoon mortgage rates. Online Saskatoon brokers like Breezeful are your best source for the most competitive rates. We can answer your questions and provide you with an overview of the rates and options offered by lenders and banks in Saskatoon, Saskatchewan and across Canada.
Saskatoon, Saskatchewan is the perfect place to call home. 246,376 people currently live in single family homes, condos and townhouses in this lively Canadian city, and an increasing number are relying on local mortgage brokers to discover the best rates and lenders for their home-buying needs. Real estate is spread across 209.56 square kilometers, alongside many popular arts, culture and recreation facilities.
Mortgage pre-approval is written documentation that states you are qualified for a mortgage loan amount under a specific term and interest rate. Once you get a pre approval you'll know the maximum amount you can qualify for, what your mortgage payments could be and lock in your interest rate for a certain amount of time.
It's important to be pre approved before you start your home search so that you know how much you can afford.Saskatoon realtors will take you seriously if you approach them with your pre approval documentation.
You can get a pre approval from a mortgage broker or a lender in Saskatchewan. We recommend going with a broker like Breezeful because we can shop the best rate amongst thousands of mortgage products.
Pre approvals are often confused with prequalifications. Prequalifications are rough estimates for what you can afford while pre approvals are more accurate because your personal finances are more closely looked at.
Mortgage brokers in the province are licensed by the Financial and Consumer Affairs Authority of Saskatchewan, which advocates for and protects the interests of local buyers. By licensing the profession, they help ensure that brokers have completed the appropriate educational requirements and are meeting the professional standards needed to foster a thriving, sustainable industry in the province.
Just over one million Canadians call this expansive prairie province home. Most of the population is concentrated in two cities — Saskatoon and Regina — while the rest of the residents are spread across small towns that have populations of 35,000 or less. The province is the single largest producer of Canadian grain, and historically much of the population has been employed in the agriculture industry. In recent years the economy has been diversifying, and industries like finance, real estate, mining, petroleum, education and social services have overtaken agriculture in terms of local economic activity (GDP).