Yes, our services are completely free. We do not charge any fee or commission from our clients.
We are able to process a high volume of clients and obtain preferential rates from lenders by using our streamlined mortgage application, which ensures accurate and efficient processing of applications.
It may be more difficult to get approved for a mortgage with bad credit, but it is still possible. Your mortgage broker can help you explore your options and find lenders who may be willing to work with you.
Yes, the credit check that’s part of our online pre-approval process will show up as an inquiry on your credit bureau report and impact your credit score. This is standard for pre-approval processes with all financial institutions.
Keep in mind, multiple mortgage inquiries within a 45-day period will have that same credit score impact as one mortgage inquiry. This allows you to shop for the best mortgage without the stress of negatively impacting your credit score.
You can buy your first home with as little as 5% down payment (house value up to $500k). For Home priced over $500k (next $500k – $1M) you require minimum 10% down payment and any Home priced above above a million required 20% down payment (on amounts over 1M).
Yes, we have lenders who can offer Mortgages without a “Canadian credit history” based on your credit history of your “home country”.
Work Permit holders are eligible to buy a property and can get a Mortgage with our lenders. The recent amendment to Foreign Buyers Ban exempts work permit holders from buying a property.
