Click here to start your online application. Once we have obtained your application you will receive a phone call from either myself or one of my team members to go over all details and discuss which documents you will need to gather.
The quicker you get all your documentation to us the quicker you will receive your pre-approval. Once we have all we need it should take 1-2 days depending on which lender we have decided for you.
Check out our full What We Need For Your Mortgage Pre-Approval
1. Get Application
2. Obtain documents
3. Submit for approval
Check out our 8 Steps to Buying A Home
As a broker, I have many different lending options and rates at my fingertips. When you use the bank or Credit Union directly you only have THEIR options.
Check out our 7 Reasons Why You Should Work With a Broker
Once your mortgage term has ended your mortgage comes up for renewal. It may be tempting to just sign what the bank has sent for you. But I think this is a great time to consolidate debt, review payments, amortization and review your life situation to ensure we meet your goals.
Yes, you can switch BUT you will pay a penalty to leave your current contract. What this means, is that you will be breaking your contract with your current lender. When breaking a contract, you must pay a penalty. I will run all the numbers for you to see if the penalty would be worth the potential savings.
If you’re looking to take out equity to build that new addition or you just want to consolidate some debt, a refinance might be a great option for you. When refinancing we can only finance 80% of your property value.
Commercial mortgages consist of a commercial building. These mortgages statistically take longer to underwrite, have an application fee and a higher interest rate.
Residential mortgages would consist of financing your home. The underwriting process is very quick and easy.
We can absolutely do a purchase plus improvements mortgage. All you need to get is quotes for material and labour!
If you own the existing home, we can either look at pulling the existing equity out to do the improvements or again, gather the quotes for material and labour to ensure there is enough equity.
We have specific guidelines that we need to follow to ensure your ratios are in line. All side debt affects the existing mortgage request.
When looking at employment history we generally ask for a 2-3yr average to determine job stability. If you don’t have a job currently, you do not qualify for a mortgage.
Different lenders will accept different forms of income such as child tax benefit, foster income and so on.
A type of payment, often in cash, made in the early stages offer. The payment represents a percentage of the full purchase price. In some cases, the down payment is not refundable if you write your offer unconditional to financing.
A mortgage rate is the rate of interest charged on a mortgage.
A fixed rate means the interest rate on your loan does not change over the life of your loan. A variable rate is where the interest rate on your loan can change, based on the prime rate
Check out our Frequently Asked Questions…Answered!
Is the examination of the condition of a home. Home inspections are performed by a home inspector who has the training and certifications to perform these inspections.
At the end of your deal, you will be faced with closing costs such as, lawyer fees, realtor commissions, appraisal fees etc.
A type of loan made between you and the lender that allows you to borrow money to purchase a home. The property is security for the loan. And your amortization period is the number of years you have to pay it all back.
My service is free. I get paid by the lender that I send you to. *O.A.C. Conditions may apply
I will do whatever it takes to get the job done. I am prepared to meet my clients during the daytime, evenings or weekends.
I deal with over 58 different lenders. Some more closely than others. They all have their own niche in the industry. Some lenders are local and others are virtual. I will discuss this with you and choose the lender that best suits your needs.
In Canada we have very strict rules and regulations that we have to follow. The Canadian government is constantly tightening up their guidelines to protect the Canadian economy and the people that live here. In Canada, we do qualify our clients for mortgages differently.
Accredited Mortgage Professional – this simply means that I have obtained this designation and am part of the CAAMP program. As an AMP, I will be an ethical mortgage broker that will be committed to providing you with the service, mortgage product/rate and educate you accordingly.
