Mortgage FAQ

FAQ

Borrowers usually want direct answers to the questions that affect timing, affordability, approval, and lender choice. This page brings the most common ones into one place.

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Related pages: Book a mortgage call, Start your application, Contact our mortgage team, and Mortgage Rates.

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Questions we hear often

Borrowers usually want direct answers to the questions that affect timing, affordability, approval, and lender choice. This page brings the most common ones into one place.

How much do I need for a down payment?

That depends on the purchase price, the property type, and whether the mortgage will be insured or uninsured. We can help you build the real cash-to-close number, not just the down payment amount.

Is pre-approval the same as being fully approved?

No. Pre-approval is useful, but the final approval still depends on the property, document review, and lender conditions.

Should I talk to a broker before house hunting?

Yes. That usually makes the rest of the process easier because you understand your budget, your document needs, and the lender options available to you.

Can you help if I am self-employed or have variable income?

Yes. These files often need more careful presentation and lender selection, which is exactly where broker guidance helps.

Do I have to renew with my current lender?

No. Before renewing, it makes sense to compare your current offer with outside options and see whether the structure still fits.

What if my credit is not strong right now?

You may still have options. The best route depends on why the credit changed, what has improved, and how much equity or down payment is available.

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Still have a question about your file?

Tell us what you are trying to do and where the uncertainty is. We will point you toward the most useful next step.

Related pages: Book a mortgage call, Start your application, Contact our mortgage team, and Mortgage Rates.

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