Purchases...
Step 1 - GET PRE - APPROVED

A pre-approval is great! The advantages are:

1. Get an accurate price range in which you should be buying.

2. Lock the interest rate for up to 120 days.
This has been proven to be invaluable.

Call me today for your FREE pre-approval!
At
416.939.6060 or 289.887.3419
or
Apply Online
Step 2 - PUT AN OFFER IN ON YOUR HOME

Once you’ve found the home you want, the next step is to place an offer. As soon as the offer has been accepted by the seller you have a set time to waive conditions. One of those conditions you have to waive is the CONDITION OF FINANCING. What I need from you are:

1. Complete Mortgage Application. if you haven’t already got one click here

2. Purchase and Sale Agreement

3. MLS

4. If it's new construction, I will need the new home buyers guide with all
schedules.

Once I have received confirmation from the bank of choice that the financing is in place, I will tell you it’s ok to waive the Condition of Financing. DON’T WAIVE CONDITIONS unless a mortgage professional like myself advises you to do so. If you go ahead and waive the
condition of financing without a mortgage
professional's consent, you run the risk of
forfeiting your deposit if financing cannot be arranged. Just some food for thought!
TERM APR
Variable 2.00%
1 Year 2.80%
2 Year 3.55%
3 Year 3.75%
4 Year 4.49%
5 Year 4.49%
10 Year 5.59%
Interest rates can change at anytime without notice!
Step 3 - The Conditional Stage

Once mortgage financing is in place and I recieve a a firm commitment in hand, I will come meet with you at a convienent time in the comfort of your own home. We will sit down and go through and explain the entire
mortgage document and get all the paper work signed. Once the document is signed, the bank requires conditions to be met prior to funding the mortgage. Some of the main conditions are, but not limited to:

1. Letter Of Employement.

2. Current pay stub.

3. Three months of account statments to show proof of downpayment.

4. Void check - where you want the mortgage payments to come out of.

5. Two years Notice of Assessments - For self-employed applicants.

6. Lawyer Information.
Step 4 - Get The Keys
Once all the conditions have been met the bank instructs your lawyer. The lawyer registers the mortgage on title and gives you the keys to your brand new home. Sometimes, depending on the bank you might have to go into the actual branch prior to going to your lawyer's office to complete the signing process and than the lawyer is instructed to register your mortgage on the title of the property.