• Personal Choice Mortgage Services: Mortgage Approval Process
    PRE-QUALIFICATION
    Requesting a pre-qualification or pre-approval allows you to shop for a property within your price range with the comfort of knowing that financing is available, subject to the lender reviewing the desired property. A pre-approval, based on your current financial review and credit check, determines the amount you can borrow, the size of your mortgage payments and your interest rate, which is then guaranteed for a maximum of 120 days.


  • Personal Choice Mortgage Services: Mortgage Approval Process
    THE APPLICATION & CREDIT BUREAU
    At this stage we request and collect all the required information that the lenders will require to determine financing approval. With the clients consent, we complete the necessary credit bureau check to determine your credit rating. We can collect this information in person, by telephone, by emailing an application, or utilizing our on line application process.


  • Personal Choice Mortgage Services: Mortgage Approval Process
    SUBMITTING THE DEAL
    Once we have gathered all the necessary information from the clients we then electronically submit to the lenders for approval.


  • Personal Choice Mortgage Services: Mortgage Approval Process
    PROCESSING/UNDERWRITING
    Your file is now under review by the lender, we will have a response from the lenders within 1-2 business days.


  • Personal Choice Mortgage Services: Mortgage Approval Process
    REQUIRED DOCUMENTS
    Upon approval of your file from the lender detailed documentation will be required to complete the process. We will provide you with a "check list" of documents required and always make this aspect of the process as smooth and seamless as possible.


  • Personal Choice Mortgage Services: Mortgage Approval Process
    CLOSING
    The final stage, your file is now Broker complete. This part of the process is transparent and seamless, between us the Broker, the Lender, your lawyer, and our client. On the date of closing, funds will be released at the clients' lawyer's office and the transaction complete.


654 Upper James St.
Hamilton, Ontario, L9C 2Z3
EMAIL: info@pcmortgages.com
PHONE: 905-318-1414
TOLL FREE: 1-877-318-4141
FAX: 905-318-8777