Frequently Asked Questions

Frequently Asked Questions.

Q. I’m not sure that I can meet with you at a convenient time.

To help you with this, I have implemented an online application so you can speed up the process of getting approved for your mortgage.

Q. Why use a Mortgage Broker?

 

I do the work, to find you the best product AND the best rate. I have access to many more lenders than just the banks. Your local bank can only offer you their products at their price.

Mortgages are my primary focus and I have over 20 years of mortgage experience. Therefore I have an in-depth knowledge of mortgage products, housing markets and interest rates. I use this information to provide you with the best mortgage solution.

 

My commitment to prompt, caring and accurate service, will ensure that your present and future mortgage needs will be met.

 

A real estate purchase can be one of the biggest investments you will ever make in your life! Entrust your mortgage financing needs to someone you can rely upon; someone with a successful track record; someone who represents your best interests….me.

Q. How do I know I’ll get the best rate?

I work for you not the lender

I am able to access the best rates offered by the lenders because of my affiliations

Q. How long will it take for my mortgage to be approved?

Once I have all of the information and documents, your approval is generally received within
2 business days.

Note: to allow sufficient time for processing, I recommend to my clients that their offer to purchase allows 10 days for financing and 30 days for completion.

Q. How much do you charge?

You pay nothing, I receive a fee from the lender for referring your mortgage need to them.

Q. Are you going to cross sell other products and services that I don’t need?

Getting your mortgage is my only focus.

Q. Can my payment still come from my bank account?

Yes, I can arrange to have your mortgage payments debited from whatever financial institution you currently deal with

Q. What if I am self employed? My financial institution is reluctant to provide me with mortgage financing.

I have access to many lenders that work with self employed people unlike many financial institutions.

Q. What other kinds of properties do you arrange financing for?

1. Investment Properites
2. Rental Properties
3. Vacation Properties
4. Home construction
5. Commercial

Q. What happens when my mortgage comes up for renewal? Will you call me?

I will contact you well in advance of your mortgage maturity date to discuss the best renewal option for you

Q. What are the next steps?

1. Fill out an application either online at http://www.okapprovedmortgages.com or call to set up an appointment to complete an application. Telephone 250- 575-2175

2. Ensure that all applicants gather copies of their CRA (Revenue Canada) Notice of Assessments for the past two years. Note: If they cannot be located, simply call Revenue Canada at 1-800-959-8281 and order a copy. It can be either faxed or mailed to you. Easy!

3. Please gather 2 of your most recent pay stub (not required if self-employed)

4. If you own a rental property, obtain copies of the rental agreements for all rental properties currently owned. Gather financial institution statements showing account balances and any investments

5. Forward this information to me via email or call me to pick it up. I can answer any questions you may have so please do not hesitate to phone or email me at any time. I am here to help.