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Max. Rate: 12% p.a.
incl Cedi Mortgages
Repayment Period
Up to 30 years
No Upfront Fees
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Pre-Approval

Preapproval is as close as you can get to confirming your creditworthiness without having a purchase contract in place. A pre-qualification is a good indication of creditworthiness and the ability to borrow, but a pre-approval is the definitive Proof of Funds (POF). The borrower will complete an official mortgage application and we will verify the information you provide as well as supply us with all the necessary documentation to perform an extensive credit and financial background check, to be pre-approved. We’ll also perform a credit check. If you’re preapproved, we will offer pre-approval up to a specified amount and you’ll receive a preapproval letter, which is an offer (but not a commitment) to lend you a specific amount, good for 90 days.

Lenders look at every detail of your finances when granting preapproval. You might be asked about a car loan payment you made with a loan, for example. Be prepared to answer lender questions as soon as they come up. If you see yourself as qualified to buy a home, now is the time to get a personalized quote to purchase a new home. Lock in your rate today. Unlike prequalification, preapproval is a more specific estimate of what you could borrow from your lender and requires documents such as your SSNIT Statement, recent payslips.

Getting preapproved is a smart step to take when you are ready to put in an offer on a home. It shows sellers that you’re a serious homebuyer and that you can secure a mortgage – which makes it more likely that you’ll complete your purchase of the home, and not waste their time. Going through the pre-approval process also offers a better idea of the interest rate to be charged. We allow borrowers to lock in an interest rate and/or charge an application fee to cover third-party fees, for pre-approval.

We will provide a conditional commitment in writing for an exact loan amount, allowing borrowers to look for homes at or below that price level. This puts borrowers at an advantage when dealing with a seller because they're one step closer to getting an actual mortgage. It's advisable that you don't have to shop at the top of your price range. Depending on the market, you might be able to get into a home you like for less money than you’re approved for, leaving you with extra cash each month to set aside for retirement, kids’ education funds, or checking something off your bucket list.

 

Determine your affordable price range

Knowing the range of affordability greatly aides your new home search.

 

Secure the best loan

Get a low monthly payment and secure a rate that won’t change for the life of your loan.

 

Makes your offer more attractive

Sellers know that a mortgage pre-qualification means the buyer is ready to buy. 


 

Related Pages

Mortgage Pre-Qualification

Pre-Qualification vs. Pre-Approval

The Homebuying Process

Homebuying Guide

MORTGAGES ARE SECURED AGAINST YOUR PROPERTY. YOUR HOME (OR COMMERCIAL PROPERTY) MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBTS SECURED ON IT - REPAYMENT ASSISTANCE PROGRAMME AVAILABLE FOR QUALIFIED CUSTOMERS. ALL APPLICATIONS ARE SUBJECT TO STATUS AND OUR LENDING CRITERIA - THIS MEANS THAT THE AMOUNT WE WILL LEND YOU WILL DEPEND ON YOUR INDIVIDUAL CIRCUMSTANCES, THE TYPE OF PROPERTY AND THE AMOUNT YOU BORROW.

We are Non-Deposit Taking No Upfront Fee Direct Lenders (not brokers). Using this digital-first platform constitutes acceptance of the terms, conditions and rules that govern our operations, so if you disagree with any of them in part or in whole, please don't use our services. All loanable funds are private patient capital from dedicated sustainable and reliable sources and not sourced funds from the general public. We're Fully-Compliant: Our home mortgages are structured as Seller-Financed Mortgages (SFM), or International Mortgages or Rent-to-Buy Mortgages, which do not require Bank of Ghana (BoG) regulation. Commercial Mortgages are also not regulated by the BoG. Prospective mortgage applicants are not restricted to buy a home from our internal partners DCANS Properties or Rent to Buy Ghana or any of our in-house home providers.

© 2022 DCANS Mortgage, Ghana, affiliated to DCANS Mortgage UK (FCA-Compliant), Patient Capital Providers DCANS Capital Limited (England & Wales, CRN: 07970200) and DCANS Investments Limited (Ghana, CRN:) and Osei Family Office (SFO), Proprietary Trading Firms DCANS FX and XAU79 and Crypto81, BNPL Providers DCANS Pay (Ghana) and Quid Pay (UK), No Upfront Fee Non-Deposit Taking Direct Platform Lenders Sikamaster Loans (Ghana) and Quidmaster Loans (UK), UK-based Remittance Platform to Africa & Beyond Moneyafrique, TDG Startup Ecosystem Platforms GhanaStartups.org and UKStartups.net and EUStartups.net and Groupwide IHB DBL UK (England & Wales, CRN: 09012597) , are all part of the AML-Compliant TDG GLOBAL CREDIT SYSTEM of The DCANS Group (TDG) Limited (England & Wales, CRN: 12645872, VAT #: GB 157 9161 82), but dual-headquartered in Ghana & the UK.

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