FAQs

Find answers to common client questions here. Simply click on the question to reveal the answer!

How long will it take to process my application?

What are the sources for mortgage financing?

Will I need mortgage insurance?

What is the minimum down payment required for a mortgage

How much can I afford?

What term should I choose?

How do I know what prime rate is?

Do I need a co-signer? What is the difference between a co-signer and guarantor?

What is a second mortgage?

Can i use my RRSP for a down payment?

Why do I need an appraisal?

What are prepayment privileges?

Can I lock in an interest rate? Can I turn my VRM into a FRM?

How do I know if there’s a penalty on my current mortgage?

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