“I’m desperate to buy a home as I’m tired of having to deal with landlords. I have some money saved up for the deposit and I’m going to go to a mortgage company for a loan. I’m a little confused as to the process involved in getting a mortgage. What can I expect from the process?”

Congratulations on making a move towards owning your own home. Having a deposit amount in hand is only the first step in achieving home ownership. The determining factor between getting your home and continuing to pay rent is- will you be able to get a mortgage?

Going to a mortgage interview can be a nerve-racking experience. You’ve finally found a place that you really want, you’ve agreed to pay your deposit to the vendor, and now you face the people who will decide whether or not you can qualify for the loan you need to close the deal. This can definitely rank high on the list of life’s most stressful experiences! Continue reading Qualifying for a Mortgage →