You’ll have to go through what’s called “pre-approval”. A lender will ‘pre-approve’ you for a loan based on factors such as your living expenses, credit score, employment and how often you’ve changed jobs in the past.

‘Pre-approval’ is performed prior to finding a property so it does not consider your specific house or apartment.

Pre-approval typically lasts a few business days, and those pre-approvals are valid for usually 90 days.