Kitchener Waterloo Cambridge
Mortgage Referral That You Can Count On
A Team of People That You Can Count On
Get Rates That Save You Money Long Term
Start the conversation and see exactly how you can save the most on your home & mortgage. Timing the market is a challenge to begin with, luckily speaking with a mortgage advisor can set you up to act quickly when the time is right!
Get Creative Answers
Sometimes the economy calls for creative answers to challenging questions. We know the market in the Tri-cities is tough to predict. Which is why we take a hyper-customized approach to every client that we work with. Utilizing all of your specific circumstances to save you more!
Call Today:
519-804-9990
“I was prepared to wait another 3 years before buying a house. Instead I chatted with Elie based on a recommendation. He was able to show me how interest rates, cost of home, and required down payment could be timed with the market. Now a proud owner of a home.” - Zack P, KW Local
We're Here To Help
“Trying to buy my first home in Kitchener was a borderline nightmare. Elie made the Q&A feel like a real conversation. Speaking with someone who’s seen every scenario helped me see how many options I actually had.”
— GRFS CLIENT
Waterloo Mortgage’s: Complete Guide and To-Do List to Mortgage Shopping
Before shopping for a new home, obtaining a pre-approved mortgage several weeks before potential closing is essential; additionally, it is recommended to explore the mortgage options provided by a mortgage brokerage firm. Find competitive rates with the best possible terms
Often the mortgage rates advertised by your bank are higher than the rates from a direct mortgage broker. Also, you may be able to avoid restrictions on making lump-sum payments or high fees if you need to leave the mortgage before renewal.
First Time Home Buyer Checklist:
Calculate how much you can afford to spend, know your current financial situation
Obtain your credit score from Equifax or allow GRFS to acquire it for you
Acquire a pre-approved for a mortgage before you start looking to purchase your new home
Obtain proof of income and employment history
Have proof of address and address history, including government-issued photo ID’s with current address
Access and provide details of current liabilities, such as credit cards, loans, and other financial obligations
Detailed info of your assets held in investments and savings accounts
Be prepared to provide proof of down payment, the amount, and source
Remember to have enough set aside for closing expenses for legal fees, mortgage and title insurance, and transfer taxes.
Budget for extras such as buying new appliances or condo fees if applicable
Research the meaning of mortgage contract terms as it applies to each specific company offering a lower rate. Know about:
Variable rates
Fixed rates
Open versus closed mortgage
Decide what you want or need in a home, size, location, special features, future family plans, new or previously owned
What form of homeownership do you prefer, condo, freehold, or leasehold
Current Home Owner Checklist:
Arrange to have your home appraised
Obtain your credit score from Equifax or allow GRFS to acquire it for you
Pull your tax and assessment info from the last two years
Obtain your household income statements
Assess your liabilities, such as credit cards and loans
Assess your assets held in investments and savings accounts
Have enough for a down payment on hand
Also, have enough set aside for closing expenses for legal fees, mortgage and title insurance, and transfer taxes.
Budget for extras such as buying new appliances or condo fees if applicable
Research the meaning of mortgage contract terms as it applies to each specific company offering a lower rate. Know about:
Variable rates
Fixed rates
Open versus closed mortgage
A line of credit works well if you are going to renovate prior to selling