Purchasing a New Home

We Are Excited to Share This Exciting Time With You

Whether buying your first home, upgrading or downsizing it is a big decision, and it should be an exciting time in your life. We are here to make sure the buying process goes as simply and smoothly as possible. Mortgage Connection’s team is committed to making your home buying experience a positive one. We look forward to celebrating this thrilling new chapter with you.

Mortgage Connection Application Process for Purchasing a New Home

Our Mortgage Application Process

Step One Mortgage Pre-Approval

Step 1: Mortgage Pre-Approval

With consistent mortgage rule changes, starting with mortgage pre-approval is very important. Pre-approval gives you and your realtor more defined search parameters; you’ll know what you should be looking for and what kind of interest rate to expect. This should help you build a budget, and protect you if interest rates increase while you’re house hunting. Remember that pre-approval is not final approval and you’ll still want to write any offer with conditions such as mortgage financing.

Step Two Offers & Negotiations

Step 2: Offers & Negotiations

Once you’ve found the right home, your realtor springs into action. They’ll handle all the paperwork, which includes submitting an offer and protecting your interests. Your realtor will also specify the conditions of the sale, such as completing a home inspection and securing financing.

Assuming the offer is accepted, it’s time to clear the conditions. This is where Mortgage Connection turns your pre-approval into an approval. We’ll help you select the right mortgage option and get all paperwork approved and signed off.

Step Three Closing the Deal

Step 3: Closing the Deal

Now it’s time to contact a real estate lawyer. If you need help finding one, Mortgage Connection can give you a recommendation. Your lawyer will take your down payment (minus the deposit you put down on your offer), register mortgage charges on title, request mortgage funds, disburse funds to the seller’s lawyer and change ownership of the property over to you! At this point, you’ll sign with your lawyer, handle any closing costs (like pending property tax), and finalize the last of the details for your purchase.

Step 1: Mortgage Pre-Approval

With consistent mortgage rule changes, starting with mortgage pre-approval is very important. Pre-approval gives you and your realtor more defined search parameters; you’ll know what you should be looking for and what kind of interest rate to expect. This should help you build a budget, and protect you if interest rates increase while you’re house hunting. Remember that pre-approval is not final approval and you’ll still want to write any offer with conditions such as mortgage financing.

Step 2: Offers & Negotiations

Once you’ve found the right home, your realtor springs into action. They’ll handle all the paperwork, which includes submitting an offer and protecting your interests. Your realtor will also specify the conditions of the sale, such as completing a home inspection and securing financing.

Assuming the offer is accepted, it’s time to clear the conditions. This is where Mortgage Connection turns your pre-approval into an approval. We’ll help you select the right mortgage option and get all paperwork approved and signed off.

Step 3: Closing the Deal

Now it’s time to contact a real estate lawyer. If you need help finding one, Mortgage Connection can give you a recommendation. Your lawyer will take your down payment (minus the deposit you put down on your offer), register mortgage charges on title, request mortgage funds, disburse funds to the seller’s lawyer and change ownership of the property over to you! At this point, you’ll sign with your lawyer, handle any closing costs (like pending property tax), and finalize the last of the details for your purchase.

Why Choose Us?

Savings

We regularly get our clients lower interest rates and better payment terms than our competitors. The more money you save, the more you can put towards making your new house a home.

Experience

Over the years, we’ve helped thousands of Canadians buy their first home. We’ll leverage our experience to ensure your experience is as simple and stress-free as possible.

Loyalty

We’re on your team. Period. Where You Matter isn’t just a tagline, it’s the cornerstone for everything we do. We value you and the opportunity to work with you. We’re all about saving you money now and in the future. At Mortgage Connection, your mortgage broker is your trusted advisor and point of contact for anything that comes up. And we don’t just mean when you’re applying for a mortgage; we want to be there for the lifetime of your mortgage and when it’s time for the next one!
We regularly get our clients lower interest rates and better payment terms than our competitors. The more money you save, the more you can put towards making your new house a home.
Over the years, we’ve helped thousands of Canadians buy their first home. We’ll leverage our experience to ensure your experience is as simple and stress-free as possible.
We’re on your team. Period. Where You Matter isn’t just a tagline, it’s the cornerstone for everything we do. We value you and the opportunity to work with you. We’re all about saving you money now and in the future. At Mortgage Connection, your mortgage broker is your trusted advisor and point of contact for anything that comes up. And we don’t just mean when you’re applying for a mortgage; we want to be there for the lifetime of your mortgage and when it’s time for the next one!

The Mortgage Connection Difference

Mortgage Connection is here to help you with all your mortgage financing needs. Money matters require expertise, experience, and connections. We pride ourselves on finding solutions to whatever financial scenario you bring us.

Our team simplifies and streamlines the process as much as possible, keeping you totally informed every step of the way. Mortgages can be intimidating, but they don’t have to be. Let Mortgage Connection do the heavy lifting and make it a great experience for you.

Our team stands on an incredible foundation of experience, which can make all the difference when it comes to saving you money. As experts in our field, we’re dedicated to continuing our education and staying current with the market’s latest offers and products. Through constant learning, we can better meet your needs, work towards your goals, and guide you through the process.

Think Mortgage Connection, and discover a truly different mortgage experience.

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