The Process.

How it Works

Pre Qualification

Think of this as a casual but crucial first conversation to set the stage for your home buying experience. Here I take the time to get to know you and understand what’s important to you, while exploring some important questions such as: how much can I afford? What kind of down payment will I require? What’s a comfortable payment for my budget? You don’t need to have a house in mind to have these questions answered, and being prepared will make the home buying process that much easier.

Application

Putting together an application is the next important step. At this stage, my goal is to gather your information to find the best lender fit for you. In this step, I will review your credit history and collect your documents. This stage can be considered a ‘Conditional Approval’ as we’ve approved you as a borrower, but we still need to approve the property once you've found it and collect any outstanding documents.

Happy House Hunting!

Once you’ve found a home and have an accepted offer, reach out and let me know so I can offer my congrats! At this time, I will connect with your Realtor to collect the remaining property documents I need (such as a contract of purchase, MLS listing), and at the same time, I will order an appraisal on the property.

Final Approval

When the appraisal is completed, I will send it into the lender with any outstanding documents required, at which time they will issue a firm commitment letter which includes your preferences for payment account and frequency (monthly, bi-weekly, weekly) along with any terms and conditions specific to the mortgage (rate, prepayment options, etc.) Once you have this in hand, you are free to remove subjects and provide the agreed-upon deposit to your realtor by way of cheque or bank transfer. At this stage, you will also arrange a time to meet with the lawyer or notary to sign the mortgage paperwork.

Closing Day!

Pack up the last of your boxes and get ready to grab the keys from the realtor because it’s almost time to take possession. Your lawyer or notary will handle everything behind the scenes to make the transfer of title happen so you can focus on the big move. Whether it’s your first purchase or you’re a seasoned buyer, the process can be overwhelming at times, so please don’t forget that I’m here to help ensure that the transition is seamless.