Your Step-by-Step Mortgage Guide
One of the first steps in buying a new home is to take a realistic look at what you can afford and how you are going to pay for it. If you are like most people, you will probably have to finance your home purchase with a mortgage loan. What follows is an explanation of terms and options to understand when considering what mortgage is right for you.
Why Use a Mortgage Broker
If you want to save time, reduce your leg work, understand all your options and make sure you find the best possible deal – a mortgage associate is the ideal solution. The best news is that you can get started without even leaving your house or office. Take advantage of the expert knowledge provided by a Brokers For Life Mortgage associate to make an informed mortgage choice.
Why is your Credit Score Important
Your credit report is simply a listing of all your mortgage and consumer debt. In Canada mortgage brokers use two credit bureaus, Trans Union and Equifax – find out what’s on these and how they affect you.
When your Mortgage is about to expire
When your mortage is due for renewal, it is a great opportunity to make sure you have the right mortgage for your current needs.
Land Transfer Tax (LLT)
Unless you live in Alberta, Saskatchewan, or rural Nova Scotia, a land transfer tax/property purchase tax will be levied on properties purchased.
Mortgage Application
Prefer to print out the application and complete it – you can download it here:
Gift Letter
To confirm that money given is a gift:
Download Gift Letter
Client Consent Form
In order for us to get the ball rolling on your application, we require the following form be completed:
Mortgage Borrower Disclosure
Download Mortgage Borrower Disclosure