Contact a mortgage broker
The sooner you contact a mortgage broker, the better. This is because you must complete your mortgage application before you have seriously considered purchasing a home. Many individuals have missed out on their dream house since they did not have the funds to finalize the transaction.
If you want to remortgage, contact a mortgage broker three months before your desired transfer date. The majority of people look to remortgage when their existing product’s introductory offer or minimum term is set to expire. Contact our amazing team to talk about remortgages for further information.
What information will a mortgage broker need?
When you first contact a mortgage broker, you’ll need to provide them with a few information and documents so that they can have a better understanding of your personal situation and financial status.
It’s not just for your broker’s sake that you should get your papers in order; it will also help you better understand your personal finances before the meeting.
You will need:
- Your bank statements for the previous three months
- Payslips for the previous three months (if you are employed)
- In the event that you are self-employed, your most recent two years of company financial statements
- The most recent P60 that you filled out, details how much tax you paid in the last financial year (further information available on the government’s website)
- You must also provide proof of identification (passport or driver’s license).
- A utility bill from your current address is required.
Taking all of this information and paperwork to your first meeting with your broker will ensure that they can start working on finding you the best mortgage deal right away.
Why Work With A Mortgage Broker?
You’ll have access to more products
Mortgage brokers, due to their contacts and industry knowledge, are frequently able to provide you with access to a wider range of mortgage options than if you attempted all of the research yourself. They’ll almost always have a strong professional network on which they can rely, and they may even be able to offer you a product that isn’t generally available to the public. This might help you save money so do not hesitate to contact a mortgage broker.
You’ll get expert financial advice
Mortgage brokers in British Columbia are all required to be licensed, which implies they can give you with expert financial advice. They’ll also work in your favor, and their only objective will be to help you get the best possible mortgage deal based on your requirements. They can also assist you to avoid typical blunders and problems that may occur when purchasing a home since they have already seen many house purchases.
You’ll get help with the paperwork
You may be wondering how to apply for a mortgage, given that it entails filling out several forms. You’ll have to submit numerous papers, and you’ll need to make sure you have all of your own documents in order. Organizing everything can be time-consuming, and the tiniest mistake might cause delays or even prevent you from obtaining a loan. Having an expert on hand to assist you can be quite beneficial, and having one on call 24 hours a day, seven days a week is really useful. Contact a mortgage broker today to see how they can help!
So if you are still wondering ”When should I contact a Mortgage broker?” or ”Why should I contact a mortgage broker?”, we have a team of experts here that would love to talk to you and explain further. Don’t improvise the biggest transaction of your life, work with the pros at Asim Ali mortgage brokers.