FAQ
Have questions about mortgages? You’re not alone! Explore our FAQ section for clear answers to the most common questions about buying a home, refinancing, and more.
Why should I use a mortgage broker instead of going directly to a bank?
Mortgage brokers have access to multiple lenders and can offer a wider range of mortgage products and competitive rates compared to a single bank. They provide personalized advice to find the best mortgage solution for your needs.
How can I apply for a mortgage?
You can apply for a mortgage by completing the secure online application available on the website.
Can you help with refinancing my mortgage?
Absolutely! I assist with mortgage refinancing to help you access equity for debt consolidation, home improvements, or other financial goals.
What is the CHIP reverse mortgage, and can you help with it?
The CHIP reverse mortgage allows homeowners 55+ to access up to 55% of their home’s value in tax-free cash without selling their property or making monthly payments. I can help you explore this option if it fits your needs.
Do you work with self-employed individuals?
Yes, I offer specialized mortgage solutions for self-employed clients, understanding the unique challenges of income verification and finding the right fit for your situation.
How long does the mortgage approval process take?
The approval timeline can vary, but with all the necessary documents, it typically takes a few business days. I’ll guide you through every step to make the process as quick and smooth as possible.
What’s the minimum down payment required for a home in Alberta?
The minimum down payment is 5% of the home’s purchase price for properties under $500,000. For homes above that, 10% is required on the portion over $500,000.
Can you help first-time homebuyers?
Absolutely! I work closely with first-time buyers to simplify the process, explain each step, and help you take advantage of programs like the First-Time Home Buyer Incentive.
What is the First-Time Home Buyer Incentive, and how does it work?
It’s a shared-equity program where the government provides up to 5% or 10% of your home’s purchase price to reduce your mortgage amount, making homeownership more affordable.
Do you help with mortgage renewals?
Yes, I can help you find better rates or terms at renewal time and ensure your mortgage aligns with your current financial goals.
Can I get pre-approved for a mortgage?
Yes, I highly recommend getting pre-approved. It gives you a clear budget, shows sellers you’re a serious buyer, and makes the home-buying process much smoother.
Do you assist with investment property mortgages?
Definitely. Whether it’s your first investment property or part of an ongoing strategy, I’ll help you secure the right mortgage to meet your goals.
What areas do you serve?
While I’m based in Lethbridge, Alberta, I’m licensed to help clients with mortgage financing across most of Canada.
Ready to Take the Next Step?
Buying a home or refinancing doesn’t have to be complicated. Reach out today for expert advice and personalized mortgage solutions. Let’s find the best option for you!