Mortgage Process

Understanding the life cycle of a mortgage helps us understand the steps required in pre-qualifying and the approval of a mortgage:

A. Purchase

1.Pre-qualify Stage

  • Gather Information
  •  Review & Finalise Solution
  • Collect Supporting Docs
  • Know your client (KYC) and Pre-Qualify
  • Find your Home

2. Approve Stage

  •     Application Submission
  •     Final Approval
  •     Appraisal
  •     Final Review
  •     Sign Mortgage Docs

3. Closing Stage

  •     Fulfilment
  •     Legal Process
  •     Closing Date

4. Post-Funding Stage

  •   Post Funding
  •    Purchase and Improvement  (if applicable)

B. Switch and Refinance

1.  Pre-qualify Stage

  •     Gather Information
  •     Review & Finalize Solutions
  •     Collect Supporting Docs

2. Approve Stage

  •     Final Approval
  •     Appraisal
  •     Final Review
  •     Sign Mortgage Docs

3. Closing Stage

  •     Fulfilment
  •     Legal Process
  •     Closing Date

4. Post-Funding Stage

  •   Post Funding
  •    Refinance and Improvement (if applicable)

Serving the Greater Toronto Area in Canada

The GTA, including Toronto, Etobicoke, Mississauga, Streetsville, Oakville, Burlington, Milton, Hamilton, Ancaster, Georgetown, Brampton, Markham, Vaughn, Cambridge, Waterloo, Kitchener, Stoney Creek, Grimsby, Welland, St Catharines and Niagara Falls.

Mortgage originated as a FSCO licensed agent #M16002816

Mortgage Brokerage – Mortgage Intelligence license #10428

Head Office: 5770 Hurontario St., Mississauga, ON, L5R 3G5