Talked to a mortgage broker who made me rethink pre-approvals

Was at a coffee shop near Whyte Ave last Tuesday. Chatted with this broker named Diane. She said most people get pre-approved but never ask about rate holds. Told me she had a client lose a 40k difference because they didn't lock in for 130 days. Hit me different because I always thought pre-approval was just one simple step. Now I wonder how many other layers I'm missing. Anyone else get caught off guard by a detail like that?

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betty_scott183mo ago

Idk, maybe it's just me but a 40k difference sounds like a pretty big deal to miss.

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dakota_rivera3mo ago

Betty, I feel you on this completely. Like, 40k is not just pocket change (that's a whole used car or a solid down payment on a house in most places). Missing that kind of difference would drive me absolutely crazy, especially if it's for something like a renovation or a big purchase where every dollar counts. You're totally valid for thinking that's a huge miss - I'd be side-eyeing whoever did the math too. Honestly, it makes you wonder what else got overlooked, you know? Just solidarity over here because that amount would ruin my whole month.

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