DEMYSTIFYING HOME MORTGAGESIf you haven’t experienced it before, the home mortgage process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre
FINANCING
Dated: September 5 2025
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DEMYSTIFYING HOME MORTGAGES
If you haven’t experienced it before, the home mortgage process can feel overwhelming, but our agents will help you stay informed throughout the process, from pre-approval to closing. The first thing to do is consult with a mortgage specialist (or two). If you don’t already have someone in mind, we partner with some of the best lenders in the industry, and we’d be happy to introduce you, so you’ll be taken care of.
GET PRE-APPROVAL
Before you start looking for a home to buy, it’s a good idea to meet with your Mortgage Officer to get pre-approved for a martgage amount. At this stage, the lender gathers information about income, assets and debts of the borrower (you) to determine how much house you may be able to afford. This includes a credit report, pay stubs, tax documents and recent bank statements. There are a variety of different mortgage programs, so make sure to get pre-qualification for the specific programs that best suit your needs.
WE HELP YOU GET THE BEST MORTGAGE
START THE PROCESS
We’ll help you find the best local mortgage officer to get you competitive rates and the programs that best fit your individual needs. Fill out this form and we’ll connect you with a lender today!
APPLICATION & PROCESSING
WHAT HAPPENS WHEN A MORTGAGE GOES “LIVE”
When you find property you’re ready to buy, your lender will help you complete a full mortgage loan application, and talk you through the various fees and down payment options. The application is submitted to processing, where the documents are reviewed and appraisals and title examination are ordered. Then the mortgage is sent to an underwriter, who reviews and approves the entire mortgage if it meets compliance.
CLOSING
SIGNING AND FINALIZING THE DEAL
Don’t be surprised if you’re asked for additional documentation or clarification throughout the process. Once your mortgage is approved, don’t forget to set up homeowners insurance. Your documents will be sent to the title company, where you’ll sign for the new home and pay any remaining costs. Then the mortgage is recorded and you get the keys. Congratulations, happy homeowner!
Jason Hong
As a Real Estate Team Lead, Jason Hong’s approach is built on a simple foundation: rigorous data analysis, complete honesty, and an unwavering commitment to his clients’ best interests. Graduatin....
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Toronto Real Estate Board (TRREB); All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating