If you are serious about buying, you should secure your pre-approval as soon as possible before you sign on a property. This will help you be stronger in negotiations with the sellers, save time on the transfer process after signing, and most importantly you’ll confidently know exactly what property you are eligible for. Pre-approvals are completely free, and they protect you from stress, problems, and potential financial loss. Government regulated MOU sales contracts require you to have pre-approval within 10 days of signing, or you risk losing 10% of the purchase price as a penalty. Don’t risk any delays and penalties and talk to a broker today!