Expert Mortgage

We're Canada's trusted best mortgage advisor in Alliston . Our top-performing team of brokers is dedicated to finding you the perfect mortgage products.

  What is the Timeline for Mortgage Approval? In Canada, the  mortgage approval process  can take anywhere from a few days to several weeks. While the timeline can be uncertain, you can influence the duration of the process. Factors such as market changes, the lender you choose, and whether you get pre-approved can speed things up or slow them down. –  To start, considering pre-approval is a good idea. Many future homebuyers seek pre-approval to understand how much they can borrow. You can usually obtain pre-approval within one to three business days, depending on how quickly your lender responds. –  Whether you choose to get pre-approved or not, the next step is to explore the real estate market in your chosen area to identify your ideal home. Once you find a property and submit an offer, the mortgage approval process begins formally. –  This process includes submitting a complete mortgage application along with necessary documents, such as proof of income...

Ready to buy in Alliston? Expert Mortgage offers expert Pre-Approval to streamline your journey to homeownership. Contact us today!

Expert Mortgage offers the best mortgage qualifying rate in Alliston , whether you are looking for a mortgage refinancing, your first or second mortgage.

  If your credit score is considered poor, several strategies could enhance your chances of getting approved for a mortgage. Increase Your Down Payment   Typically, Canadian lenders require at least a 5% down payment, but this can differ based on the home’s price. If you have  bad credit , you may need to put down more to qualify for a mortgage. Aim to save enough to make a 20% down payment. Providing proof of your savings and their source can signal to lenders that you are financially stable despite your credit issues. A larger down payment also reduces the lender’s risk in lending to you. For borrowers, a higher down payment means a smaller mortgage amount, and if you pay 20% or more, you likely won’t need to purchase mortgage default insurance.   Consider Adding a Co-Borrower:   You might increase your chances of approval by including a creditworthy co-borrower on your mortgage application. A co-borrower contributes their credit score and history, agreeing to...

Need financing after being turned down by the bank? Expert Mortgage, a team of private mortgage lenders in Barrie , provides the connections you need to get funded.