What are the different types of mortgages?

We offer various mortgage options. When considering a home loan, there are various loan types to choose from, such as variable interest rate loan (standard and basic), fixed interest rate loan and Line of Credit (equity loan). Contact us to discuss the various loan options available that would be suited to you.

How much can I borrow for a mortgage?

The amount you can borrow for a mortgage depends on various factors, such as your income, credit score, and debt-to-income ratio. Our experienced financial advisors will evaluate your financial situation and help you determine the maximum loan amount you qualify for.

What is the difference between a fixed-rate and variable loan?

A fixed-rate loan is one that allows you to lock-in the current interest rate at the time of settlement. This means that the lender can not make any adjustments to the interest rate, whether it be up or down. Depending on your situation and needs, you may want to fix a rate for up to 5 years, although the lifetime of the loan itself may be 25 or 30 years.

Though some people might like the security of knowing exactly how much their repayments will be, they might lose out on falling interest rates as the market changes.

What documents do I need to apply for a mortgage?

When applying for a mortgage, you will typically need to provide documents such as identification (driver’s license, passport), proof of income (pay slips, tax returns), bank statements, employment verification, and information about your assets and debts. Our knowledgeable team will guide you through the application process and ensure you have all the necessary documentation.