FAQs

You can apply for a mortgage by contacting us to schedule an initial consultation. We will guide you through the application process, help you gather the necessary documentation, and work with you to find the best mortgage solution.

Commonly required documents include proof of income (pay stubs, tax returns), identification (driver's license, passport), proof of assets (bank statements, investment statements), and information about your debts (credit card statements, loan statements).

The 5 C’s of Credit are key factors lenders consider when evaluating your mortgage application:

• Capacity: Your ability to repay the loan.
• Capital: The money you have invested in the home.
• Collateral: Additional security for the loan, typically the property itself.
• Character: Your reliability and trustworthiness.
• Credit: Your credit history and credit score.

Your credit score plays a significant role in determining your eligibility for a mortgage and the interest rate you will receive. Higher credit scores typically result in lower interest rates, while lower scores may lead to higher rates or difficulty securing a mortgage.

We offer a variety of mortgage products, including fixed-rate mortgages, variable-rate mortgages, first-time homebuyer programs, refinancing options, and specialized mortgages for self-employed individuals and investors.

The amount of down payment required can vary, but typically ranges from 5% to 20% of the purchase price of the home. A larger down payment can help you secure better mortgage terms and reduce your monthly payments.

Mortgage pre-approval is a process where a lender evaluates your financial situation to determine the maximum loan amount you qualify for. It gives you a clear understanding of your budget and strengthens your position as a buyer.

Yes, we offer specialized mortgage solutions for self-employed individuals. We understand that traditional lending criteria may not fit your unique financial situation, and we work with you to find a mortgage that meets your needs.

Consider factors such as your tolerance for payment fluctuations, the stability of your monthly payments, your desire to pay down your mortgage quickly, and your comfort level with the down payment amount. Your mortgage consultant will help you evaluate these considerations to find the best product for you.

Improving your credit score, saving for a larger down payment, reducing your debt-to-income ratio, and maintaining a stable income are all ways to enhance your chances of mortgage approval. Working closely with your mortgage consultant can also help you navigate the process effectively.

Missing a mortgage payment can negatively impact your credit score and result in late fees. If you anticipate difficulty making a payment, contact your lender immediately to discuss possible solutions.