ACTION CENTRE

 

The place to start.

If you’re looking to learn about all the things that mortgage brokers can do for you, or if you’re interested in learning about the home buying process, or if you need to run some numbers because you’re considering buying a new home, then our Action Centre is the place to be.

From mortgage tools, to everything you need to know about mortgage brokers, to things you should know about buying or selling a home, this is the place!

About mortgage brokers

Why use a mortgage broker?

When it comes time in your life to purchase a home it can often be a very exciting time, until of course you start dealing with realtors, lawyers, home sellers, banks, and anyone else trying to get your business. Even for second-time home buyers this can be a daunting prospect, let alone for first-time home buyers.

Finding a mortgage broker

Whether you’re considering buying a house or taking a closer look at your current mortgage, our mortgage calculators are valuable tools to help you get the information you need to make the right decision for you.

Know what to ask

We love a client who comes to a meeting with a notepad full of questions. It means that they’re considering options and really taking the reins in the process of buying their own home.
But what questions should you be asking? I’m glad you asked. Here’s just five ideas for what to ask brokers while you’re building your team.

Your mortgage team

When it comes to mortgages, think of a mortgage broker as your personal shopper – someone who works with you, takes your list of requirements, walks you through the process, advises you on the best fit, and best of all saves you time and money.

Things to know

Mortgage qualification Criteria

Mortgage qualification criteria includes credit history, employment history, and down payment, but that’s not all.

Common mistakes

At Canadian Mortgage Professionals we take pride in educating our first-time homebuyers of the process and all the ins and outs involved with reaching your dream. Here are a couple of points we’d like to bring to your attention when considering your dream.

Writing a purchase offer

Writing a purchase offer on a home can be a very intimidating process. On one hand, you don’t want to offend the seller by offering too low a price, but on the other hand you also don’t want to end up paying too much. If you’re not used to negotiating it can be quite overwhelming.

Building a new home

When building a new home, the process is very similar to the pre-approval you’ve already completed but with some additional documentation required to “meet conditions” to secure the mortgage.

What is credit?

Credit is the ability to obtain goods or services before payment, based on the trust that payment will be made in the future. Credit can take many forms including: