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What happens after you apply?
The actual sequence, start to finish.
1
First conversation
With a lender or agent, about what you want and what you earn.
Day 1
2
Pre-approval
A rate hold and a rough number based on your income and debts.
1 to 3 days
3
Shopping and offer
You find a place and make an offer, usually conditional on financing.
Varies
4
Conditions
The lender confirms the property and your file in full.
5 to 10 days
5
Lawyer
A real estate lawyer handles the title search and closing paperwork.
2 to 4 weeks
6
Closing
Funds transfer, keys change hands, the mortgage begins.
Closing day
Want a person to look at it?
Every file is a little different. A licensed mortgage agent can walk you through what this timeline looks like for your specific situation.
Optional. Free either way. Nothing beyond this submission is stored, it goes to one licensed agent — not a list — and every rule this site uses is published.