With access to over 100 lenders, we advocate for your best interests, securing optimal rates and terms during mortgage renewal. Our negotiation prowess ensures you receive the most the best rate and terms possible.
When you have finished your mortgage term with your current financial institution, it is essential to shop around before automatically signing their friendly mortgage renewal form, as the renewal offer can often be much higher than the going rate. To avoid these hikes in interest rates or less favourable terms, obtaining the help of a GTA Mortgage Agent can be advantageous for many reasons. Dream Key Mortgage offers our clients access to over 100 different lenders, all the while, leveraging our negotiation skills to protect your best interest and ensure you are getting the best rate and terms possible.
While all our clients benefit from more options and subsequently, access to some of the best interest rate offers on the market, when transferring your mortgage with a Dream Key Agent, you can expect to save on such items as registration fees, lawyer fees, and appraisal fees. When you combine these savings with a highly competitive interest rate, you’re able to cut the cost of your mortgage renewal substantially; this could mean savings of up to half of a percent per year! Half of a percent can equate to thousands of dollars in savings, money that could be used for other means such as home improvements or fall-back savings for “a rainy day”.
Alternatively, you can turn your interest saving into supplemental payments or instalments toward other obligations. It’s time to start thinking smart about your finances and ensure you see the bigger picture when it comes to your renewal options. Kick-start your interest savings today with Dream Key Mortgage. Your future net worth will be glad you did.
This call is designed to get to know the client better. We request the appropriate documents required to obtain an approval with a lender and we ask preliminary questions to better understand the client’s goals & financial situation.
Completion of a quick and easy online mortgage application followed by uploading all of the required documents requested by the Mortgage Agent. This will allow us to determine the best mortgage solution for you along with providing an estimated pre-qualified mortgage amount.
Once your application is submitted & reviewed, the lender will issue a conditional approval. This means there are still certain specific conditions that need to be satisfied before a final approval is issued. Examples of these conditions may be; income clarification, rental income confirmation, appraisal/fair market rent analysis, and many more. At this time you will also sign, complete and go through all of the fine details of the mortgage commitment with your Mortgage Agent.
After satisfying all conditions, the lender will issue the final approval and send your real estate lawyer the solicitor instructions for finalizing your mortgage on closing day.
The final step involves signing the closing documents with your real estate lawyer. Your real estate lawyer will review all solicitor documentation, conduct a title search, register for title insurance, handle the transfer of property ownership, as well as, collecting/disbursing the funds for downpayment plus closing costs.