3852 Finch Ave E #209, Scarborough, ON M1T 3T9, Canada
Brokerage #13763
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Brokerage #13763
Mortgage pre-approval — a conditional confirmation from a lender that you qualify to borrow up to a certain amount at a specific interest rate, based on your income, credit, and savings. It tells you your budget before you start shopping, and locks in your rate for up to 120 days. lendsimpl compares 50+ lenders with a single credit check. FSRA Brokerage #13763.
No jargon, no marketing spin — here's exactly how it works.
5.0 on Google (19 reviews)FSRA Brokerage #13763Toronto & Ontario-wideTakes about 30 seconds · Free · No obligation
From application to a locked rate — three steps.
About 5 minutes — your income, employment, and down payment. Nothing goes to a lender yet.
A single hard credit pull is used to compare banks, mono-line lenders, and credit unions — not one pull per lender.
Your maximum purchase price confirmed, with your rate locked for up to 120 days.
Ready to see your budget?
About 5 minutes — no documents needed yet.
1–3 Business Days
Once your documents are submitted
Up to 120 Days
Locked while you shop for a home
50+
With a single credit check
lendsimpl is an FSRA-licensed mortgage brokerage (Brokerage #13763) providing mortgage pre-approvals for Toronto and Ontario homebuyers. Pre-approval timelines depend on document submission speed and lender turnaround. Rate holds and rate-adjustment policies vary by lender. All qualifying estimates are for general guidance only.
Getting pre-approved comes at no cost for most residential mortgages — the lender pays the broker. Any fees that do apply to your file are disclosed in writing before you proceed, as required by FSRA regulations.
Want the numbers for your specific file?
We'll walk through the options with you.
One hard credit pull — used to compare 50+ lenders, not one pull per bank
Your broker reviews your full picture, not just a single lender's checklist
Lender-paid compensation on most residential files — you get broker expertise without paying for it directly
FSRA-licensed Brokerage #13763 — every broker individually licensed
Not sure what documents you'll need?
Tell us your situation — we'll tell you exactly what to gather.
5.0 on Google
19 reviews
1
Hard credit pull — used to compare 50+ lenders
18–22%
Typical reduction in buying power from the stress test
120 days
Maximum rate hold available
Going to three banks directly means three separate credit checks. A broker submits your application with a single credit pull and compares dozens of lenders — protecting your score while giving you more options, including lenders that don't take walk-ins.
See it for yourself.
Licensed brokers, straight answers.
Takes about 5 minutes. You'll share basic details: your income, employment, and how much you've saved for a down payment. Nothing is submitted to a lender yet at this point.
Your broker will tell you exactly what's needed for your situation — no guessing. For most employed people it's recent pay stubs, last 2 years of tax slips, a letter from your employer, and 3 months of bank statements showing your down payment.
A full pre-approval requires a hard credit check, which causes a small, temporary dip in your score. In Canada, each lender that pulls your credit counts as a separate inquiry — having multiple brokers apply on your behalf can compound that. lendsimpl does one pull and uses it to shop 50+ lenders for you.
Your broker reviews your full picture and submits to the lender most likely to approve you at the best rate — not just whoever is first on a list. One application, one credit pull, multiple lenders evaluated.
The letter confirms your maximum purchase price and locks in your interest rate for up to 120 days while you shop for a home. If rates go up before you close, you're protected at your locked rate. If rates drop, you can ask your lender to match the lower rate — though this depends on the lender's policy and is not automatic.
Ready to start the process?
Apply now, or ask a question first.
When you go to your bank for a pre-approval, they only check their own products. A broker submits your application to multiple lenders and finds whoever offers the best rate and terms for your situation.
Going to three banks directly means three credit checks. A broker does one pull and uses it to compare dozens of lenders — protecting your credit score while giving you more options.
Banks can often take several business days and only check their own products. Through a broker, most straightforward pre-approvals come back within 1–3 business days — but the biggest variable is how quickly you can get your documents together. The more complete your submission, the faster everything moves.
Mortgage brokers in Ontario are typically paid by the lender you're placed with, not by you. You get the broker's expertise and lender relationships throughout your application.
If a major bank declines you, a broker can help figure out what the issue was — though banks don't always give a specific reason. From there they can identify whether a credit union, alternative lender, or private lender is a better fit for your situation.
lendsimpl is licensed by FSRA (Ontario's financial regulator) under Brokerage #13763. You can verify this at fsrao.ca. Every broker you work with also holds their own individual FSRA licence.
Still deciding between a bank and a broker?
Tell us your situation — we'll tell you what fits.
You're protected at your locked rate for up to 120 days. Even if rates rise before you close, you keep the rate from your pre-approval.
Most lenders allow you to request a lower rate if the market drops before you close — but this isn't automatic. It depends on the lender's policy, and you or your broker needs to ask.
If you haven't found a home within 120 days, your broker can renew the pre-approval. This requires a fresh credit check, but it's routine if your situation hasn't changed.
lendsimpl is a Financial Services Regulatory Authority of Ontario–licensed brokerage. Every mortgage agent is individually licensed.
Questions about how your rate hold works?
No obligation, no pressure.
5.0/5 average rating
Get the same result.
Licensed Ontario brokers, real results.
Rather just talk it through?
A licensed broker is one call away.
Straight answers on credit checks, rate holds, and what a pre-approval actually promises — so you know exactly what to expect before you apply.
Have a question we didn’t answer?
Our licensed broker team is happy to help.
A pre-approval is a conditional confirmation from a lender that says: based on your income, credit, and savings, you qualify to borrow up to a certain amount at a specific interest rate. It's conditional because the lender still needs to approve the actual property you buy. But it tells you your budget before you start shopping — and locks in your rate for up to 120 days.
Still have questions?
No obligation — just answers.
From downtown Toronto to the GTA and across the province — lendsimpl arranges mortgage pre-approvals wherever you're buying.
Buying in one of these areas?
Let's get you pre-approved.
lendsimpl compares 50+ lenders with a single credit pull and locks your rate for up to 120 days. Licensed Ontario brokers, no commitment. FSRA Brokerage #13763.
No forms, no waiting on a callback — pick a slot for a 15-minute call with a licensed broker directly below.
Hello — I look forward to connecting with you. Tell us a bit about your situation and we'll walk through your options.