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My Rates

1 Year 2.59%
2 Years 2.29%
3 Years 2.34%
4 Years 2.54%
5 Years 2.39%
*Rates subject to change and OAC
AGENT LICENSE ID
M15000638
BROKERAGE LICENSE ID
10349
Melanie Ide Mortgage Agent

Melanie Ide

Mortgage Agent


Phone:
Address:
7676 Woodbine Ave Suite 300, Toronto, Ontario

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It's not easy to get a home mortgage. Nor is it impossible. In fact, millions of people apply for and obtain a new mortgage every year.
 
If you want to get a mortgage but you're anxious about the process, you might want to start with speaking with your mortgage representative, online research and self-education.  Online is where most people begin, researching online can help you get comfortable with the process.
 
Eventually, you'll have to reach out to a live person to move forward you can't figure out everything online. Until you talk to someone who's knowledgeable in the field, you might forget to ask about private mortgage (insurance), there are so many little idiosyncrasies. It's the mortgage professional's job to walk you through that.
 
Typically, you'll need to choose a lender before you can start seriously shopping for a home, though it's fine to contact a Realtor first to get a referral to a mortgage representative.
 
Unless you're a cash buyer, you're going to need to get a mortgage, A good Realtor is going to want you to get pre-approved before they put you in their car and take you out driving and showing you houses.
 
Realtors want to help buyers get started with the mortgage process. They make sure their involved in the mortgage process as well, so if buyers are putting in an offer on a property, they know they're ready to go from the finance standpoint as well.
 
First-timers also need to get ready for the lender's inevitable onslaught of requests for financial documents. The amount of paperwork can amaze, humble and frustrate borrowers, A good tip is to ask for a list of all the documents that might be necessary, and be prepared to provide them.
 
First-timers also need to get comfortable with how much they feel they can afford to spend to buy and own a home. That amount might be less than the maximum they're qualified to borrow.  What you can get approved for and what you're comfortable with are usually two different things. One reason: Home repairs and maintenance can be more costly than many new homeowners realize. That means the trade-offs between renting and buying might not be clear without some number crunching. It's not always adequate just to compare monthly rent to a monthly mortgage payment.
 
Don't concentrate on just getting approved and having a mortgage representative tell you, we can get you a mortgage and get you into that house, Make sure it's going to be a fit for your personal situation.
 
Once you've figured out your monthly expenses and what you can afford, you can start your search. It could happen that the first home you see is the one you want; or you might look at home after home with none of them catching your interest. Rest assured, the home you're looking for is out there, and when you find it, you're ready to make an offer. If your offer is accepted, the next steps are closing and moving into your new home. 
 
Purchasing a home is easy once you put your plans into action.

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