The Mortgage Journey
Whether you’re a first time homebuyer
or seasoned at buying properties,
navigating the mortgage journey is smoother
when you know where you’re going.
Wondering where to start?
Scroll down to the stage
that best fits where you are on
your Mortgage Journey.
Stage 1: Information & Goals
How’s your financial health?
Before you get immersed in real estate listings, take a step back and have a look at your current finances.
Seeking input from a financial coach or advisor can help you get started on the right track.
Start researching what and where.
One of the sometimes challenging parts about purchasing a property is figuring out your options.
Before you dive into what’s out there, it’s important to lay out your strategy for what you’re looking for and where you want to buy.
What’s your timeline?
Now that you have a financial plan and you’ve figured out the “what” and “where” of your property purchase, it’s time to dive into when you plan on buying and how much you want to set aside as a downpayment.
Stage 2: Preparation
Choose a Mortgage Professional.
Never underestimate the power of an expert mortgage professional; they can be the key that unlocks your ability to buy a home.
Whether you choose a mortgage brokerage with a wide range of potential lenders, like Meticulous Mortgages, or a single-lender financial institution, make sure they’re providing you with all of the information you need to make an informed choice.
Want to see how we can support you?
Get your documents and information ready.
Gather all of the documents that your mortgage professional requires in one place so that they’re handy should you need them quickly. As your financial status changes, make sure to update your documents wherever necessary so that you’re not scrambling to find your current information.
Lock in your rate!
Getting pre-approved for a mortgage isn’t just about figuring out how much you could be approved to borrow. It’s also about locking in an interest rate with a lender for when your offer is accepted.
Contact our team to learn what to consider when choosing a lender and loan product.
(Spoiler: It’s not only about the interest rate.)
Stage 3: Search & Purchase
Working With a REALTOR®
Just like shoes, you want to find a REALTOR® who’s the right fit for your needs. When you’re almost ready to start looking it’s time to bring a REALTOR® into your team of experts to help guide you through all of the options.
Submit an Offer
After scouring the internet, touring houses, and contemplating a purchase, you’ve found a property that you’d like to submit an offer on. If you haven’t already, it’s time to reach out to your mortgage professional to see if there are any considerations you should be aware of before filling out a purchase offer.
Closing on Your Purchase
Whether your offer submission was nail-biting-inducing or cool as a cucumber, closing on your home is cause for celebration!
The possession date will be fast approaching, you’ll get the keys, and you’ll finally be able to take a sigh of relief.
Your adventure into homeownership has just begun!
Be sure to check out Stage 4: Maintain or Re-Evaluate to learn what to keep in mind in the years to come.
Stage 4: Maintain or Re-Evaluate
To be honest, “strategy” probably should have been in our company name
because it’s one of key pieces that makes us different.
Whether it’s creating a strategy for optimizing our clients’ position at renewal,
or creating a strategy for other mortgage professionals,
we’re known for our ability to look at
all of the possibilities and narrow down
the best option(s) based on a client’s needs.
Ongoing Support
Our relationship with you is our
number one priority.
When your mortgage is fulfilled we’ll
stay in contact with you to ensure that
you are in the best position when you
renew, refinance, or sell your property.
Are you looking for a new mortgage, a renewal, or a refinance?
Renewing
Your mortgage renewal date is approaching and you’re wondering what the rate is going to be this time.
[OR maybe you don’t realize it’s approaching. If this is the case, then look at the previous step to learn why working with our mortgage professionals can put your mind at ease.]
With a bit of time + our approach to strategy we can help you get the best mortgage product available for you.
Want to see what options are available?
Refinancing
What options are there?
Are you wanting to make major changes to your mortgage agreement?
Whether you’re wanting to
renegotiate a new rate before your current term is up, or
lower your payment (by extending your amortization), or
utilize the equity you’ve built to consolidate other debt or put the cash toward whatever you choose,
your mortgage professional should be able to show you all of your options along with their benefits and drawbacks.
Want to see what options you have for utilizing your equity?
Or are you wanting to see how you can
optimize your payments for your needs?
Selling Your Home
Calculating Prepayment Penalties
If you’re considering selling your home, then contacting your mortgage professional is the first thing you’ll want to do.
Every situation is unique and there are ways that we can strategize maximizing your return on investment when you finalize a purchase offer.
Are you thinking of selling?