Qualifying for a mortgage is not rocket science, connect with us and we’ll be done in no time!
- reserve a rate hold for up to 120 days
- it’s FREE to pre-qualify for a mortgage!
- we actually pre-qualify you for a mortgage as though you are really purchasing a home. Most lenders just issue a make belief “mortgage pre-approval” certificate with a rate hold
- in order to pre-qualify for a mortgage, your income and credit standing must to be reviewed
- our process requires about 7 minutes of your time (usually via a telephone interview)
- the amount of detail included in our Mortgage preQualifications are second to none. We’ll include various scenarios of rate offerings and explore all other options pertaining to your particular profile…you will not be disappointed!
- mortgage preQualification’s are valid as long as you maintain your employment that you stated during the application interview. Also, no other credit accounts should be attained while you are pre-qualified for a mortgage
- all applicants are eligible for a mortgage preQualification: New to Canada, Self Employed, Investors, First Time Home Buyers, 100% commissioned, Part-time income, etc.
- a minimum down payment of 5% is required for mortgage eligibility (the entire 5% can be gifted from an immediate family member). For purchases over $500,000, the minimum down payment increases to 10%, but only on the portion over $500,000. For example, for a $600,000 purchase, the minimum down payment would be $35,000.
- co-signors are sometimes required to bump up your mortgage qualification amount. We will include a scenario that will give you an idea of how the addition of one would impact your scenario
- if you are self employed, all lenders require a two year track record of your business. If you have been self employed for less than two years, exceptions are granted from time to time. More documentation may be required and the minimum down payment can be as high as 25%
- one application, one credit check and access to Canada’s TOP lenders!
