FAQ's
A residential mortgage is a loan used to buy or refinance a home that you plan to live in.
This depends on your income, credit history, debts, and the property value.
Yes, you may qualify for special government incentives, rebates, or lower down payments.
Proof of income, a good credit score, and a down payment (as low as 5% in some cases).
Pre-approval tells you how much you can afford and strengthens your offer when buying.
Usually 60 to 120 days, depending on the lender.
Refinancing replaces your existing mortgage with a new one—often with better terms or a lower rate.
When interest rates drop, your credit improves, or you need access to home equity.
You can renew with your current lender or shop around for better rates and terms.
Absolutely—renewal is a great time to secure a better deal.
A loan used to purchase or refinance income-producing property like office buildings, plazas, or warehouses.
Yes, lenders often require one along with financial statements.
A loan that finances the building of a new home, usually disbursed in stages as construction progresses.
Some lenders offer construction loans for major renovations too.
It’s a process to rebuild your credit score through responsible financial behavior and structured guidance.
Yes, with the right planning and lenders who specialize in credit-challenged borrowers.
Borrowing against the built-up equity in your home, often used for investments, renovations, or debt repayment.
Up to 80% of your home’s appraised value, minus the current mortgage balance.
It combines multiple debts into one lower-interest mortgage payment using your home equity.
It can be if it lowers your monthly payments and helps you pay off debt faster.
A flexible credit line secured against your home that allows you to borrow as needed.
Most HELOCs have variable interest rates based on prime rate.
Yes, with the right documentation such as tax returns, bank statements, and business records.
Not necessarily—specialized programs are available for self-employed borrowers.
It helps one spouse buy out the other’s share of the home or refinance to remove a name from the mortgage.
Yes, most lenders will require legal documentation of the separation terms.
