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Services

2018-02-19 (-321

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Obtaining a pre-approval allows borrowers to significantly speed up the process of securing their final approval.  A pre-approval means the lender has reviewed your income and credit information in advance, the lender then provides a written statement indicating what the borrower is eligible for.  A pre-approval can take as little as 24hrs, assuming that all the necessary documentation has been provided in advance

Pre-Approval
Obtaining a pre-approval allows borrowers to significantly speed up the process of securing their final approval. A pre-approval means the lender has reviewed your income and credit information in advance, the lender then provides a written statement indicating what the borrower is eligible for. A pre-approval only takes approximately 24hrs, assuming that all the necessary documentation has been provided in advance

First-Time Buyer
Buying a home is exciting, an important milestone, but also sets you on a financial course for the rest of your life. This is why it is so important to get the right advice from the start. Whether buying your home on your own, or with someone, I will take the time to explain the process of the mortgage application, make certain you understand the mortgage product, and make you aware of the resources available to you.

Self-Employed
Being self-employed, or a business owner, means that you have a different set of guidelines for obtaining mortgage funds. Due to write-offs our T4’s aren’t a true reflection of earnings; this can make your mortgage application and approval more complicated. Not to worry, I work with many different lenders who understand self-employed borrower's needs, and offer many fantastic mortgage products.

New to Canada
Being a new immigrant doesn’t mean you can’t get your own home. At AKAL Mortgages we understand that purchasing a home in a foreign land can be complex and confusing. We will streamline the process and work with you to make your purchase a smooth and easy process.

Private Mortgage
Turned down by the banks? Have a short time frame for closing your purchase? Private mortgages might be the best solution for you! Private mortgage funding is faster and much easier to qualify for. AKAL Mortgages has relationships with many private lenders who are ready to help you close your deals.

Renewal
At time of renewal, most people tend to sign back the mortgage offer given by their existing mortgage lender. That may not be the best offer available to you. At AKAL Mortgages we will review your mortgage details and get you the best rate and product possible and have it approved and held for the time of your renewal.

Refinance
Want to lock down a lower rate? Want to get equity out of your home for some renovations? AKAL Mortgages will review your existing mortgage to see what options you have and make sure you choose the right product for your needs.

Home Equity Loan
A Home Equity Line of Credit (HELOC) is typically used to cover the costs of renovations, investment, or to assist with other large ticket items. It takes advantage of the equity in your home by establishing a credit line that you can use time and time again until you sell your home.

Debt Consolidation
Carrying debt on credit cards or high interest loans? AKAL Mortgages can review your debt and current mortgage to see if it is possible to combine the debts which will save you money and reduce your monthly payments.

Second Mortgage
Second mortgage is an additional loan taken out on your existing mortgaged property. Second mortgage lenders tend to be more flexible when looking at your credit score and debt ratio, so this is a good option for many borrowers.

Rent-To-Own
A Rent-To-Own agreement is when a buyer and investor agree to purchase a home for the buyer to rent for a set amount of time before exercising an option to purchase the property. This option is best for individuals with poor credit, new to Canada, or require a larger down payment.

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