Whether you’re looking for a second mortgage Brampton, a refinance or you’re buying a home for the first time, Lotus Loans is here to help.
As local mortgage professionals, we work with clients who are looking for a variety of mortgage products based on their specific need. For many of these clients it is the first time they are going through the process and thus have many questions about what we do and what we offer.
If you’re one of those people who aren’t sure what to expect when you meet with a mortgage broker for the first time, don’t worry! In your initial meeting with us, we will have all of the answers to your many questions.
Because the mortgage process can be complex and intimidating at first, we’ve put together a list of things to expect when you meet with a broker.
- Your broker will want to get to know you
In your first meeting or call with a broker, the broker you are dealing with will want to learn all about you. At Lotus Loans, we always make sure we get to know the person before anything else. A good broker will typically ask what your current situation is, what you want out of your mortgage, how much you can afford, and more.
Know what your goals and expectations are as this will help the broker find you the right mortgage.
- Brokers will have options for you
One of the biggest differences between a mortgage broker and a bank is the number of options that a broker can present to you. At Lotus Loans, we have access to more than 30 lenders across the country, ranging from banks to private lenders.
Once our team has a firm idea of what your financial goals and expectations are, we take your mortgage and shop it to these lenders. These lenders will compete for your mortgage and we will simply bring you the offers we feel best suit your specific needs. From this list, we will together choose the best mortgage product based on your specific situation.
It doesn’t matter if you’re getting a Brampton refinance on your mortgage or buying for the first time – we promise to provide you with options.
- Fire away with questions
The more questions, the better. At Lotus Loans, we believe in an open line of communication between our brokers and client.
The first meeting with a broker is the perfect opportunity for you to ask any and all questions that are on your mind. As professionals in our industry, we are equipped with the knowledge and experience to answer all your needs.
- Bring documents
By bringing the proper paperwork with you to your first meeting, you will be able to significantly speed up the mortgage process and make it less stressful for yourself.
It’s important that you bring your current income details, such as your two most recent paystubs and tax returns. You’ll also need to be equipped with information on how much cash you have set aside as well as documents proving your assets and liabilities, such as owned vehicles, credit card statements, bank statements, personal loans, car loans and more.
Bringing the necessary documents to your first meeting will make the process much smoother.
Your Next Step
Whether you’re interested in obtaining a second mortgage Brampton, refinance or renewal, our team can help you achieve your mortgage goals.
For more information on how our team can help you, contact us today and see how we make getting your mortgage a stress-free experience!