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Purchase Your Home

Mortgage Professionals: The Secret Behind Finding Your Dream Home

Speaking to one of our Mortgage Professionals allows you to gain confidence and pre-qualification in your hunt for the perfect new home. The short process will help you determine how much of a monthly mortgage payment you can afford, and how much we can loan you, by assessing your income and debts, employment and residence situations, available funds for down payment, and required reserves.

Once you qualify, we give you a Pre-Qualification Letter (or pre-qual in real estate lingo), which says you have already started the process and we are confident that you’ll qualify for a loan of a certain value. This gives the home seller confidence that you are serious about purchasing and have the resources to make it happen if you decide to make an offer. Not only will the home seller feel secure, but you will know your offer is affordable and realistic for your financial situation. Our onsite mortgage calculator is an excellent resource for getting an idea of how much mortgage you can afford, but nothing is better than sitting down with us. Once we meet and discuss your situation, you can receive your Pre-Qualification Letter or help in finding a mortgage program that better fits your personal needs.

What to Expect: The Loan Process

As Toronto second mortgage provider - MortgageCWF.com says the process of getting a mortgage can seem overwhelming. We try to break down the process in order to take out the daunting aspects and show you that this dream can happen. We pride ourselves on doing most of the heavy lifting so that you can focus on preparing to move into your new home, saving money, or making plans for your home equity line of credit. There are four main steps in getting a loan:

Determine How Much You Can Borrow

This is determined by a couple of things including your unique credit and employment history, income and debt, goals, and how much of a monthly payment can you will be able to afford. We'll also help you through different scenarios by asking a few simple questions. Based on standard lender guidelines, we'll also explain what kind of terms and the type of loan program you can expect to most benefit from.