Frequently Asked Questions (FAQs) & Important Information
We understand that mortgages can be complex, so we’ve compiled answers to some of the most common questions our clients ask. If you don’t find what you’re looking for here, feel free to contact us directly we’re here to help!
Q: What documents do I need to apply for a mortgage?
A: Typically, you’ll need proof of income, credit history, identification, and details about the property. We’ll guide you through every step to make sure you have everything ready.
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Q: How long does the mortgage approval process take?
A: Approval times vary but generally range from a few days to a few weeks depending on the complexity of your application and lender requirements.
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Q: Can I pay off my mortgage early without penalties?
A: Some mortgage products allow early repayment without fees, while others may have penalties. We’ll help you understand the terms of your specific mortgage.
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Q: What is the difference between fixed and variable rate mortgages?
A: Fixed rate mortgages have a consistent interest rate for the loan term, providing predictable payments. Variable rate mortgages can fluctuate with market rates, potentially saving you money but with some risk.