| Q. |
How do I qualify
for a mortgage? |
| A. |
One needs to have
a good credit, and salary to meet
your needs. |
| |
|
| Q. |
Why do I need
a mortgage? |
| A. |
If you want to buy
a residential or commercial property
but can not afford to pay the
whole amount up front, you will
require a mortgage (loan) from
a financial institution to help
you. |
| |
|
| Q. |
How long does
it take to get a mortgage? |
| A. |
For residential
mortgages it can be done within
24 hours. Commercial mortgages
are done during two week period. |
| |
|
| Q. |
Who pays for
the mortgage broker? |
| A. |
The residential
services of a mortgage broker
are free for you, brokers get
paid by the financial iinstitutions
in most cases. For commercial
services it depends on the circumstances
of the deal. |
| |
|
| Q. |
Is the banks
money insured for high ratio mortgages?
|
| A. |
Yes, by the government
agency 'CMHC' |
| |
|
| Q. |
Why should I
have a mortgage broker? |
| A. |
Mortgage brokers have access
to whole sale rates from various
financial institutions.
|
| |
|
| Q. |
What are the benefits of getting a mortgage broker? |
| A. |
There is no need
to do many credit checks which
lowers your beacon score. Get
whole sale rates, shop at one
place, unlimited effort, convenience
of having a third party representing
you. Life insurance products alos
available at the same time and
the biggest benefit is having
us shop around for you. |
| |
|
| |
Top |
