Pre Qualify For A Mortgage...FAST, EASY, APPROVED!
The banks will no longer pre qualify people for mortgages because less than 1% of the people stayed with the bank that pre-approved them. At best, a lender will take a quick look at the application for any obvious problems and issue a rate hold. They still call it a pre-approved mortgage, but in reality it is no more than reserving your rate for 90 days or so.
From a consumer’s point of view this presents a problem. You could go through the whole process of finding a home, make an offer and commit yourself emotionally, only to find out in the end that your mortgage might not come through.
A bank will do a verbal application based on the information it is given and submit it for approval. They will only look into the application in more detail only after you have put in an offer to purchase and given them a copy. At that point, you might not qualify at all, you might qualify for a lesser amount or you might qualify if you provide once you provide addition satisfactory information.
The paper the bank gives you saying that you pre-qualify is always conditional. If you read it carefully, you will realize that they did not say that you pre qualify. Actually, they say that they want more information which will determine whether you qualify or not. Most bankers neglect giving you the proper guidance at this stage because it is only a “potential” deal for them. Once you have an accepted offer with a 10 day financing delay, you will be surprised that the approval process may take anywhere from a week to three weeks if the documents are readily available. If you have to go to your accountant or dig up several months of bank statements it will take that much longer.
Every mortgage is ratio based and is a formula based on your credit score, income, expenses (debts) and property taxes. To get a proper pre-approval, all of these factors have to be analysed and taken into consideration from the beginning.
Let me give you an example: image you tell the bank that you make $45,000 a year and have no debts and get pre-qualified for a house of $200,000. You will start to shop for a house at that price and when you find something, you will make an offer and expect you mortgage to get approved. Once you go to your bank and give them the documentation they see that you have only been working for 6 months at your job and that your salary is $36,000 + commissions. You also have a credit card with a $150 minimum payment. The banker will call you into his office and tell you “Unfortunately at this point you do not qualify for the purchase of this home...Sorry”.
There is another way. You need to know for certain before you go shopping.
A meeting with one of our licensed professionals will take the doubt out of this process. An experienced mortgage broker will know which bank will accept the type of income, credit rating and the down payment you are using to qualify. When you shop at your bank, you are subject to only their products and regulations. We can offer you the best options from over 20 different lending institutions. Even in borderline cases, we can often persuade lenders to qualify you by considering factors that may not be obvious. You would be amazed how many times a broker can qualify you for a better interest rate or an approval that would normally not happen. We take the time to get to know your circumstances and present the facts in the best light to the bank. In many cases, this can make all the difference in the world. Especially if you have had any kind of credit problems in the past, it is definitely in your interest to get a free opinion from one of our mortgage brokers.
Some conditions may apply.
Rates are subject to change without notice
Vantage Mortgage & Realty Group
8250 Decarie Blvd, suite 150, Montreal
Quebec, Canada H4P 2P5
"Thank you Sid for all your great advice and help in all the work you have done. It was a pleasure to talk to you and I appreciate your kindness and patience in answering my questions. I will certainly recommend anyone who is in need of getting a mortgage. Thank you!"
"Hi Sidney, I wanted to take a moment to thank you for all that you did on my behalf for the renewal of my mortgage. I really appreciated your professionalism and follow through, even when I was not always the quickest getting back to you! Thank you and have a wonderful day, "
"We are extremely happy for having a professional agent like Atosa. Thanks Atosa for your efforts to find the best condo with the best price for our family.We love our new condo and really enjoy it. We are pretty sure that you can be one of the best agents in Montreal with the huge positive energy and the knowledge that you have. We hope to see you soon. "
"I would like to thank the Vantage Group,special" Mme.Atousa Tangestani far "in particular, for helping me with our first real estate purchase.Thanks so much"
"It has been a great experience; starting with the home staging step and working with an agent well organized and knowing the real value of the market at St-Laurent city. The following was great and the final result has been excellent.Best regards Leon"
"Dear Hagai, how can we ever thank you for all that you did to make sure we purchased the house of our dreams. The former owners told us it was because of your enthusiasm that they accepted our offer. As you promised us, you held our hand right to the end, knowing it was a very emotional time for us. Thank you from the bottom of our hearts! You're the best!????"
"Vantage group are experts in real estate. From Mortgages or properties they always had the right answers. They offer an amazing service by qualified people. . Thank you Sidney Zvi Hagai and Marc. "
"My family and I would like to thank Hagai Brener and Zvi Marmor for all the help they provided for us. This was our first home, and we could not have asked for a better team. Zvi helped us walk through the banking aspect of the process. While Hagai was with us every step of the way, in finding a home. We found the perfect place for our family, and we could not have done it without Hagai and Zvi. Please accept our deep gratitude for making a dream come true for the de Souza family."
"Thank you Sidney!! I want to thank you for all your help you made our dream become reality where no one else could. "
"We would like to thank the Vantage Group, Sidney in particular, for helping us with our first real estate purchase. We appreciated their outstanding professionalism as our experience definitely surpassed our expectations. We were properly advised and guided throughout the entire process which allowed us to make an informed decision. Thank you for taking such good care of us. "
"We are extremely happy with all the effort from Sidney. He went well above and beyond to make sure we happy with our transaction. Thank you very much for all your hard work."
"Dear Hagai Brener, I want to take a moment and thank you Haguy for your care and attention to detail in the sale of my house.My wife and I have bought and sold 3 properties and have dealt with different realestate agents but our experience with you and your firm was an impecable one,your ability to problem solve and make this deal happen was a credit to you and my wife and I really appreciate everything you did for us. I will be very happy to refer you to all my contacts as well as recomend to anyone who is looking to purchase or sell that Haguy Brener is the agent of choice. We thank you again Ilan & Laurence "
"Just a few words to express how satisfied I was with your service. You and your team were very professional, ethical, reliable and always available to answer our needs and of course assure the sell of our home in a very short time. The professionalism of your team and particularly M Hagai Brenner was of very high standards , Hagai is very attentive to details, very knowledgeable in the real estate market and a real pleasure to work with. I wish you and your team our best wishes and continued success! Rony Attar "
"Dear Hagai Brener, Please accept my sincere thanks for all the help you offered during selling of my house at 5579, Av. Robinson in Cote St.Luc. During the entire period of listing it was a pleasure to work with you as you always exhibited a sense of ownership to the project added with a lot of enthusiasm ans optimism. I believe that your professional approach really helped us when we had some initial difficulties and then we made some modifications to meet the customers' needs. Your advise really helped us in preparing our home for the customers' needs and tastes and get it sold within a short period once the modifications suggested by you were made. It was definitely a pleasure to work with you. Regards, Makarand Deshpande, President "
"Dear Hagai Brener, Melanie and I would like to thank you for your help and support in the purchase of our new home. As first time buyers we were almost clueless of the real difficulties you can face while trying to find a house for the first time. With your knowledge and expertise you helped us finding our first house at the right price and in a lovely neighbourhood. We specially appreciated the fact that you made yourself available at the craziest hours, days, nights and weekends to accompany us in the numerous visits or to help us understanding fine prints in legal papers. We were ready to settle for a townhouse or a condo but you were able to help us find a single unit bungalow with a nice garden, at an even cheaper price than what we were already comfortable to pay. The special touch we will always remember is when at the notary you noticed we were being charged more than what we agreed to pay for the house. Legal paperwork’s can be very tricky but you went above and beyond what one could expect from a real estate agent in order to make sure we would LOVE our new house...and believe me, we do. So once again thank You Hagai for all your help. Merci / Thanks Luc and Melanie "
"Hi Mr.Hagai Brener Hope all is well with you. Just wanted to say thank you for making the sale of my St.Laurent property a success. It was great to deal with an agent who is as well organized as yourself. Your attention to detail when putting together my listing was much appreciated. I also want to thank you for arranging as many viewing as you did which allowed me to maximize on my offer to sell price. Thanks again Frank Merovitz "