FAQs

As independent mortgage brokers and mortgage agents, we’re not tied to any one lender or range of products. Our goal is to help you successfully finance your home or property. We’ll start by getting to know you and your home-ownership goals. We’ll make a recommendation, drawing from available mortgage products that match your needs, and we will decide together on what’s right for you.

When it comes to mortgages, rates, and the housing market, we’ll speak to you in plain language. We can explain the various mortgage terms and conditions so you can choose confidently.

Even if you’ve already been preapproved for a mortgage by your bank or another financial institution, you’re not obliged to stop shopping! Let us investigate to see if there is an alternative to better suit your needs.

There’s absolutely no charge for our services on typical residential mortgage transactions. How can we afford to do that? Like many other professional services, such as insurance, mortgage brokers are generally paid a finder’s fee when we introduce trustworthy, dependable customers to a financial institution. These fees are quite standard and nearly industry-wide so that the focus remains on you, the customer.

The answer depends on your situation. If you can totally afford a 25 year amortization, then it would be considered “better”, as you would pay off your mortgage in less time and pay much less interest over time.  But maybe you cannot qualify for a mortgage with a 25 year am. In that case a 30 year am is essential. In fact, a couple of lenders will even offer a 35 year am if necessary.  If you are going to have a 30 year amortization, you MUST have at least 20% equity in your property.

Remember, the longer the amortization, the lower your payment, the more you qualify for but the more interest you will pay over the life of the mortgage.  The opposite is true for a shorter amortization.

It really depends on your overall profile. If the new job is in the same industry you have been in for years and if it is for more money, you have a good chance of being approved. And if you are in a high demand industry like I.T., health care, education that helps too. Multiple recent job changes, or a new industry is more challenging. Please ask me before you firm up an offer to purchase.

If you have a question please feel free to email it to me HERE