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519-804-9990

Grand River Financial Solutions
745 Bridge Street West, Unit #7
Waterloo ON N2V 2G6
Phone: 519-804-9990
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Kitchener Mortgage Broker: A Complete Mortgage Shoppers To-Do List

Before shopping for a new home, getting a preapproved mortgage lined up several weeks before closing is essential; you also want to look at what we as a mortgage brokerage are offering. Often you will find competitive rates with excellent terms provided by GRFS who offer mortgage brokerage services.

Often the mortgage rates advertised by your bank are higher than the rates that we at GRFS can offer as a mortgage broker. Also, you may be able to avoid restrictions on making lump-sum payments or high fees if you need to leave the mortgage before renewal.

Often you will find competitive rates with excellent terms provided by GRFS, a Kitchener mortgage broker offering a breadth of mortgage services.

Family using first time home buyer checklist

First Time Home Buyer Checklist:

Calculate how much you can afford to spend, know your current financial situation
Obtain your credit score from Equifax or allow GRFS to acquire it for you
Get pre-approved for a mortgage before you start looking for your new home
Get proof of income and employment history
Have proof of address and address history, including government-issued photo ID’s with current address
Access and provide details of current liabilities, such as credit cards, loans, and other financial obligations
Detailed info of your assets held in investments and savings accounts
Be prepared to provide proof of down payment, the amount, and source
Have enough set aside for closing expenses for legal fees, mortgage and title insurance, and transfer taxes.
Budget for extras such as buying new appliances or condo fees if applicable
Research the meaning of mortgage contract terms as it applies to each specific company offering a lower rate. Know about:
  • Variable rates
  • Fixed rates
  • Open versus closed mortgage
Decide what you want or need in a home, size, location, special features, future family plans, new or previously owned
What form of homeownership do you prefer, condo, freehold, or leasehold

 

If you are a current homeowner and looking to purchase a new home? GRFS can assist you in your home buying process, with available mortgages offered at competitive rates. Below is a checklist to get you started.

 

Kitchener mortgage broker for current home owner

Current Home Owner Checklist:

Have your home evaluated
Obtain your credit score from Equifax or allow GRFS to acquire it for you
Pull your tax and assessment info from the last two years
Obtain your household income statements
Assess your liabilities, such as credit cards and loans
Assess your assets held in investments and savings accounts
Have enough for a down payment on hand
Also, have enough set aside for closing expenses for legal fees, mortgage and title insurance, and transfer taxes.
Budget for extras such as buying new appliances or condo fees if applicable
Research the meaning of mortgage contract terms as it applies to each specific company offering a lower rate. Know about:
  • Variable rates
  • Fixed rates
  • Open versus closed mortgage
A line of credit works well if you are going to renovate prior to selling

Contact Us Now for any and all mortgage questions

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Grand River Financial Solutions

745 Bridge Street West, Unit #7
Waterloo ON N2V 2G6

Phone: 519-804-9990

 

Mutual Fund Disclaimer Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the simplified prospectus before investing. Mutual Funds are not guaranteed and are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Fund values change frequently and past performance may not be repeated. Investors should inform themselves regarding securities, taxation or applicable regulations/legislation, which may affect them personally. Investment products or strategies may not be suitable for all investors.

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