STEP 4

Step 4: Choose a Mortgage Broker or Lender

If you have an established relationship with a lender at a financial institution, a good mortgage can be obtained through a local bank.

Your other option is to choose a mortgage broker who will “shop” your file around to a variety of lenders until the best match and rate is found. The mortgage broker will negotiate on your behalf to get the best market value. Mortgage brokers are also seasoned at helping potential buyers with less desirable credit and credentials obtain a suitable mortgage.

Jim is happy to recommend a mortgage broker that can help locally.

Your lender will require several documents to get you pre-approved for a mortgage so the sooner you start the process, the sooner you can start collecting all these documents such as T4’s, letters of employment, proof of savings etc.