The Lethbridge Mortgage Centre
Serving Lethbridge Since 1991
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A guide to starting your exciting journey toward lifelong homeownership
- Documents you will require
- Mortgage Default Insurance
- Credit Profile
- Calculate your down payment and upfront expenses
When you’re ready to secure financing for a home purchase, equity take – out or renewal, simply call us, your top Lethbridge mortgage brokers. We will meet with you to discuss the details of the transaction and your financing requirements.
Next, we complete an electronic mortgage application on our computer and send your application to the members of the Mortgage Market. You don’t need to complete a separate application for each lender. Lenders will see your application and reply. This puts you in the “power” position, as Canada’s leading lenders compete for your mortgage.
The Lethbridge Mortgage Centre’s licensed Mortgage Brokers negotiate on your behalf with financial institutions and private sources to help you secure the best available mortgage to meet your financial needs. We’ll provide you with unbiased advice and act as your personal Lethbridge Mortgage consultants. Because we are like Freelance employees, our service will cost you nothing. We are paid by the participating lending institutions of the Mortgage Market. Talk to the Lethbridge Mortgage Centre and you will be talking to over 20 Banks and Trust Companies.
We provide the most professional, unbiased, informative, loyal, and dedicated service in the mortgage industry. The Lethbridge Mortgage Centre will ensure that your concerns and interests come first in every transaction. We provide customer service throughout the lifespan of the mortgage. Our Master Mortgage Professionals are determined to develop long-term relationships, ensuring your dreams become a reality.
Your trusted Lethbridge Mortgage Broker.
Let us help you turn the tables on mortgage lenders! Make sure you’re not missing out on a “better deal”.
We make shopping for a mortgage fast, easy, and efficient.
Drop by the Lethbridge Mortgage Centre or call (403) 380-2211 to arrange an appointment.
Available weekdays, evenings, and weekends.
Mortgages: Pre-qualification vs Pre-approval
Frequently Asked Mortgage Questions
A mortgage broker acts as a middleman between borrowers and lenders, helping borrowers find the best mortgage product to meet their specific needs and financial situation. Mortgage brokers have access to a wide range of mortgage products from multiple lenders and can assist with the loan application process, including gathering documentation and submitting it to the lender. They can also help borrowers compare rates, terms, and requirements to find the right mortgage that fits their budget and goals. By working with a mortgage broker, borrowers can potentially save time and money, and find a mortgage that they might not have been able to find on their own.
Mortgage brokers are typically paid through a commission from the lender. This commission is based on the size of the loan and is a percentage of the loan amount.
A mortgage broker acts as an intermediary between borrowers and multiple lenders, while a bank or direct lender originates and funds loans in-house.
A mortgage broker has access to a variety of mortgage products from multiple lenders, and can help borrowers compare rates and terms to find the right mortgage for their specific needs. Banks and direct lenders, on the other hand, only offer their own products and may have more limited options.
The length of time it takes to complete the mortgage process with a broker can vary, but it typically takes several weeks to a few months. The exact timeline will depend on a variety of factors, including the lender’s requirements, the complexity of the loan, and the borrower’s response time in providing necessary documents.
As for the documents required, common items a borrower may need to provide include:
- Proof of income (pay stubs, tax returns, etc.)
- Proof of employment and job stability
- Proof of identity (driver’s license, passport, etc.)
- Proof of residency (utility bills, etc.)
- Proof of assets (bank statements, investment account statements, etc.)
- Proof of insurance (homeowner’s insurance, hazard insurance, etc.)
A mortgage broker can provide a more comprehensive list of required documents and assist with the process of gathering and submitting them to the lender.