Be a Detective

We all know the expression that a picture is worth a 1000 words and that William Shakespeare wrote in Hamlet that “Brevity is the soul of wit”. However when it comes to mortgage financing we need not be brief nor just provide a picture without the 1000 words. We must be like a Dective and flush out the details and tell a compelling story about why you’re a good person and how you can afford to pay back the loan. Let’s leave the one word answers to the unimportant stuff like the weather or politics.

So while some questions may seem quite personal, when it comes to getting your financing approved they are very relevant. Here is one example, during the mortgage application process I ask all clients their marital status. Now saying single can leave some important questions unanswered. Single could be never married or it could also mean recently divorced but now single. To a potential mortgage lender this is a big difference. Whereas the latter could potentially be responsible for support payments. 

You may also not think that it’s important that you co signed for your 2nd cousin twice removed in another province but the lender will care. The more we know about your financial history the better chance we will have of getting your mortgage request approved.

I look forward to hearing from you in regard to your mortgage needs.

Cheers,

Patrick

p.s- You can click on this link to start the process whenever you are ready. Schedule your meeting with me here.

p.s.s- I should tell you that I am licensed in Nova Scotia, Ontario(M18001555) & in British Columbia(BCFSA #504098).