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Thursday
Apr182013

Tips to ensure your mortgage loan approval

Canadian Real Estate Wealth TV InterviewWhether you are looking to buy your first home or your 5th investment property, the mortgage loan application process always invokes some anxiety as we tend to imagine a banker with thick black rimmed glasses sitting in a skyscraper downtown with his hand precariously hovering over the big red "DENY" button whilst reviewing your mortgage application.

The good news is that for those applicants that are well-prepared, the mortgage application process is not all that scary.  Its almost like going into an exam and knowing all the answers.  If you know what the financial institution is going to ask in advance, you will most likely have the right answer.

Here are some tips from yours truly and other industry experts to take the stress out of the mortgage loan application and help give you an edge to ensure you get your mortgage loan approved.

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Reader Comments (4)

Great tips! I think this tip will useful to people who wants to get mortgage loan for their property. Thanks for sharing such a nice tip with us.

The video really helped a lot. Some of questions about mortgage loans have been answered!

August 13, 2013 | Unregistered CommenterPhil

Great article, Paul; I thought that the video was a wonderful addition. I'll have to show this to my husband. We're thinking about applying for a home mortgage loan, but we want to do everything that we can before sending in the application. Hopefully we get approved!

March 18, 2015 | Unregistered CommenterCourtney Galler

The internet savvy people can compare the mortgage rates NY much easily, and make enquiries to the concerned banks regarding the some factors that are not easily understandable. It will help saving money and avoiding risks of being trapped in scams, and losing the peace of mind.

June 30, 2015 | Unregistered CommenterColin

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