My primary objective is to deliver value to you, the mortgage consumer, by making sure that you get the Right Mortgage. There are hundreds of mortgage products out there - and the choices you make could save you thousands of dollars and take years off your mortgage - At AKAL Mortgages when we say YES! We stand by that promise, so let me take care of you!
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 Home Buyer
Buying a home is likely the largest purchase you will make in your lifetime. This time in your life 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 if you are a first time home buyer, 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 you are receiving as you are a first time home buyer, and make you aware of the resources available to you.
Being self-employed or a business owner means that you have a different set of guidelines for obtaining mortgage funds. Due to write-offs a lot of us show less income on our final government documents then we actually made; this can make your mortgage application and approval more complicated. Not to worry, I work with many different lenders who understand self-employed borrowers 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.
Most people tend to just sign back the mortgage offer given to them by their existing mortgage lender, however, 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. That way if rates go up, your rate holds, and if rates go down so will yours.
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 Line of Credit
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.
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 is an additional loan you take out on your existing mortgage property. Second mortgage option is typically used for debt consolidation or to borrow the equity from your home. Second mortgage lenders tend to be more flexible when looking at your credit and debt, so this is a good option for many borrowers.
If you've been experiencing difficulties obtaining a mortgage, or have a very short time frame for closing your purchase, private mortgage might be the best solution for you! This type of financing for private mortgage 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 getting your private mortgage easier.