Frequently Asked Questions

A mortgage broker acts as an intermediary between you and potential lenders. We assess your financial situation, help you understand your borrowing capacity, and connect you with mortgage products that fit your needs. We simplify the process by handling the paperwork, negotiating terms, and guiding you from application to closing. 

 The amount you can borrow depends on factors like your income, debts, credit score, and the value of the property you’re interested in. We’ll work with you to evaluate your financial profile and provide an estimate of your borrowing capacity, helping you set a realistic budget for your home purchase. 

  There are various mortgage options, including fixed-rate, variable-rate, and interest-only loans, as well as government-backed loans for first-time homebuyers. We help you explore the benefits and drawbacks of each type, so you can choose the one that aligns with your financial goals and risk tolerance. 

 To qualify for a mortgage, you generally need a steady income, a good credit score, and enough savings for a down payment. We help you gather the required documentation and review your finances to improve your chances of approval. If you have challenges, we also offer advice on steps to strengthen your application. 

 Pre-qualification is an initial assessment of your finances that gives you a rough idea of how much you might be able to borrow. Pre-approval, on the other hand, is a more thorough process where a lender formally reviews your credit and finances, giving you a more accurate borrowing amount and showing sellers you’re a serious buyer. 

The timeline can vary depending on the complexity of your application, but a standard mortgage approval process typically takes 2-4 weeks. With our express mortgage services, we can expedite the process to provide approvals in as little as a few days.