Wave Buy-Buy to Mortgage Misgivings
Here’s What We’ll Do
Lots of work goes into getting fully approved for a mortgage, but working with me makes the process clear and straightforward. Here are the three main steps we’ll navigate together:
Deciding on Your Lender
- Offers terms that works for your lifestyle
- Is likely to approve your application
- Is reputable and above-board
I have access to a wide range of different lenders and mortgage options, so don’t worry—we’ll be able to find something that works for you and your family.
Completing the Full Application
- An appraisal
- Proof of income
- Proof of down payment
Once your full application is complete, your mortgage will enter the processing stage. Congratulations; you’re almost there!
Mortgage Processing & Closing
- Providing written explanations of any outstanding credit issues
- Answering questions from the lender’s underwriter
- Submitting any information still missing from your application
You can rely on me to ensure your application is airtight and provide support for any issues that arise during this period. Once your application makes it through the processing stage, you’ll be able to sign the closing documents and take possession of your new home.
Have More Questions?
What is the first step to getting my mortgage approved?
Are incentives available for 1st-time home buyers?
How much money do I need to make to get approved?
For example, according to the Canada Mortgage and Housing Corporation (CMHC), your total household expenses should never be more than 39% of your gross monthly household income. These expenses include:
- Your mortgage principal and interest
- Property taxes
- Heating costs
When you work with me, I’ll provide you with mortgage options that are a good fit for your income level, as well as your credit score and other common requirements. Together, we’ll find an option that works for you.