Sorry I really just need help from someone who knows more about this, or please point me in the right direction.
My girlfriend went to a mortgage broker for a pre-approval, she has a job on contract but has passed 1 year of employment with them. She told my girlfriend she has a credit rating of 675 (apparently it was 680 before the hard check) she then said CMHC requires a credit rating of 680.
However the mortgage broker sent her a pre-approval that doesn't have any interest rate stated on it and was conditional based on improved credit score.
I asked some questions about if there was anything else we could do as her bank only updates credit scores every 3 months and we didn't want to wait. She said she spoke to another lender and it's case by case but if we can get a seller to accept our offer based on condition of financing that she will get it done for us.
Does this all seem ok, should we trust that and try to look at and offer on houses right now?
Thank you for any help.
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source https://www.reddit.com/r/RealEstate/comments/utoy99/need_help_with_mortgage_broker_question_please/
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