Q.
What is the purpose of a mortgage broker?
A. Our only
job is to find our clients the absolute best mortgage
product to fit their needs. We specialize in negotiating
mortgages and deal with lenders who can compete
against the local branches for better rates terms
and service.
Q.
What are the advantages of using Essex & Kent?
A. You get
the best offers without shopping around or wasting
time. We save you time, money and more.
Q.
What will your service cost me?
A. This service
is free for consumers seeking residential first
mortgages or renewals (OAC). Why? Because the
lender you choose will pay us for your business.
A fee may apply when working with private or equity
financing.
Q.
Who are your lenders?
A. We deal
with Canada's top lenders (Banks, Trust Companies,
Credit Unions) that compete for your mortgage
in an electronic bid process that guarantees you
the best available package of rates and features.
Q.
What if I have had poor credit or have been discharged
from bankruptcy within the last 3 years? Can I
apply for a mortgage?
A. Yes your
can! Most conventional banking institutions put
restriction on who they lend money to for a mortgage,
but Essex & Kent has the resources to shop
for financing regardless of any credit situation.
Q. Can I get pre-qualified
before I find the home I want to purchase?
A. Yes. Our
lenders offer pre-qualifications from 60 days
to 120 days. When it comes to new constructions
many lenders will extend that pre-approval time
to fit the construction schedule. This will allow
you to hold a great interest rate while you shop
for or build a new home.
Q.
How much can I qualify for?
A. Qualifying
guidelines vary depending on the lenders criteria
and products available. To find our exactly what
you can qualify for, please call Essex & Kent
for a quick approval.
Q.
By qualifying, am I committing myself to a particular
lender?
A. No. You
are under no obligation to apply for a mortgage
even if you qualify. Nor are you under any obligation
to accept whatever mortgage terms a lender offers
you after we send in your application.
For Further Information
Any one of our mortgage specialists would be more
than happy to assist you or answer any questions
you may have about obtaining a mortgage. Contact
us anytime and we will reply to your inquiry
by telephone or by e-mail as promptly as possible.
