Starting your mortgage
How much mortgage can I afford?+
Affordability depends on your income, down payment, monthly debts, credit profile, and the property you are considering. Our calculator gives you a useful starting point, then we can review the numbers with you before you make an offer.
What do I need for a pre-approval?+
Most lenders ask for government-issued identification, proof of income, employment details, information about your assets and debts, and permission to review your credit. Self-employed, commissioned, and newly employed buyers may need a few additional documents.
How much should I have saved for a down payment?+
The minimum depends on the purchase price and your circumstances. You should also plan for closing costs, moving expenses, and a cash reserve. We can help you understand the complete upfront cost instead of looking at the down payment alone.
Rates and approvals
What is the difference between a fixed and variable rate?+
A fixed rate keeps your interest rate consistent during the mortgage term, making payments easier to plan. A variable rate can change as the lender's prime rate changes. The right fit depends on your budget, timeline, and comfort with payment changes.
Does getting pre-approved guarantee my mortgage?+
No. A pre-approval is an early assessment, not a final commitment. The property, down payment, documents, appraisal, and lender conditions still need to be confirmed before a mortgage is fully approved.
Can you help if my credit is less than perfect?+
Yes. We look at the full picture, including income stability, equity, debt, and the reason behind past credit challenges. Depending on your situation, we can discuss lender options and a practical path toward stronger terms.
Existing homeowners
When should I consider refinancing?+
Refinancing may make sense when you want to consolidate higher-interest debt, access home equity, fund a major expense, or restructure your mortgage. The costs and benefits should be compared carefully before making a change.
What is a HELOC and how does it work?+
A home equity line of credit lets you borrow against available equity in your home. You generally pay interest on the amount you use, but qualification, limits, and rates vary by lender. We can help compare it with other borrowing options.
Can I move my mortgage to a new property?+
Some mortgages are portable, which may let you transfer them to a new home while keeping certain terms. Whether it works depends on your mortgage contract, the new property, and your updated financial situation.
Still deciding?