You were either referred to us or you read all of our glowing reviews. The first step in the process is our initial conversation. We can do this typically over the telephone, where I tell you a little bit about our company and our services, learn a little bit about your situation and then offer up some tips on how we can help you with obtaining the best loan for you.
Getting pre-qualified should not be confused with the term “pre-approved” First and foremost, no lender is ever going to fully approve you until they have the opportunity to examine the property that you wish to purchase. Obviously this is not possible until you actually go shopping for, and find a home.
Secondly, most banks do not actually look at your information until you actually find a home, and the “deal goes live”. A pre-approval hence, is merely a rate hold.
3. FIND THE RIGHT PROPERTY
Once you have been pre-qualified, you can begin house shopping! It is important to have a professional by your side working in your corner. If you are in need of a Realtor, we would be happy to recommend a few for you to interview and choose from.
4. Approval process
You have found your ideal property you wish to buy. You have written an offer and it has been accepted! Congratulations! Now you must send all of the property related documents and information to us and we will complete your application and submit to the lender of your choice.
5. GETTING THE KEYS!
There are 2 important dates, the closing date and the possession date. By the closing date, your lender will have sent the required funds to your lawyer’s trust account and your lawyer will have communicated with the seller’s lawyer. All of the funds will have been transferred.
WHO WE ARE
As mortgage brokers we are to help you make the choices that suit you best. We are independent, we are not tied to any one lender or range of products. Our goal is to help you successfully finance your home or property. We start by getting to know you and your home ownership goals.
By tracking down the best mortgage rates, terms and options available, we are able to design your personal mortgage plan. The right mortgage plan can protect your financial future, save you thousands of dollars in ‘unnecessary interest’ and help you build your wealth over time.
We are located in Burnaby, British Columbia and we have another office in South Surrey/White Rock, but we can help you with obtaining mortgage financing anywhere in Canada. Our work really begins once you have your mortgage, we want to help you shave off years off of your payment!
I felt as if Aleem was very knowledgeable, compentent and friendly. There is nothing more to ask for.
I was very impressed with the service provided by Aleem from The Mortgage Specialist. Not only was he very professional and knowledgeable but he was very friendly and easy to deal with. I would highly recommend his services.
On Aleem’s part everything was done well and efficiently while with the other parties things went much slower, sometimes taking weeks for simple tasks. Aleem went above and beyond during this process, following up with other parties to help us get answers to our questions. He ended up being our go to person for questions related to all things related to our purchase, not just the mortgage.
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QUESTIONS ABOUT A MORTGAGE ISSUE? ASK OUR EXPERTS.
A simple mortgage application This post will be of interest primarily to the First Time Home Buyer & newer Realtors. Most Realtors will request that clients be pre-approved for financing before showing them properties, […]
Are we Pre-Approved? Not what you might think it means… Many clients think that having a mortgage pre approval puts them in a position to write offers on properties without inserting a ‘subject to receiving and […]