What is the process for applying for a mortgage?

The process for applying for a mortgage typically involves several steps:

Borrowing Capacity: Work with an expert to understand your borrowing capacity. This will help understand how much you can borrow based on your current situation.

Research and Compare: Research different mortgage options and compare interest rates, fees, and features.

Pre-Approval: Obtain a pre-approval from a lender to understand how much you can borrow.

Research and Compare: Research different mortgage options and compare interest rates, fees, and features.

Application: Submit a formal mortgage application with the required documentation, such as proof of income, credit history, and property details.

Assessment: The lender will assess your application, including a credit check and property valuation.

Approval: If your application is successful, you will receive a formal approval from the lender.