Mortgage FAQs

The term is the period for which your current payment obligations are valid. The amortization refers to the maximum length of time that you have for the mortgage to be paid and the house to be [...]

Some of the costs associated with obtaining a mortgage include legal fees, appraisal costs, home inspection costs. In addition to your downpayment, we need to show 1.5% for closing costs. This is [...]

The minimum down payment when purchasing an owner occupied home is 5%. Saved – money saved from our own resources. Gifted Funds – most lenders will accept down payment funds that are gifted from [...]

It is important to note that a pre-approval qualifies you as the applicant. We will have confirmed your income, credit and down payment at this stage. However, we are not able to pre-approve the [...]

It is important to know what purchase price you are qualified for before you go shopping for a home so that you are looking at houses in the right price range.

A Mortgage Broker is an independent professional that works with multiple lenders to find you a mortgage that will suit your needs.They will find a lender with the best rates and terms for your [...]