It’s Mortgage Monday at Dominion Lending Centres Mortgage House! Every Monday our in house experts are here answering your questions to help you understand the Mortgage process. Do you have any Mortgage questions or topics you would like to know more about?? Send them in to us at email@example.com
ASK THE EXPERT!
What will happen at my first meeting with my mortgage broker?
Dominion Lending Centres Mortgage Expert:
A broker will assess your financial circumstances in order to establish how much money it is possible for you to borrow. You will be asked about your credit history, income, assists, and liabilities. You will be asked to provide documents to show for the above questions.
The broker will discuss the repayments you can afford, the best interest rate, whether it is fixed rate or variable, and will try to get you the best deal for your financial circumstances.
You will be guided through a lender application form by the broker. Once you have completed this, stating the amount you wish to borrow (on the advice of the broker) this will be submitted to the lender for approval.
Dominion Lending Centres Mortgage House