11 Most Common Mortgage Questions

10 Most Commonly Asked 

Mortgage Questions + 1 More Just Cuz.

1. What’s the best rate I can get?

• Your credit score plays a big part in the interest rate for which you will qualify, as the riskier you appear as a borrower, the higher your rate will be. Rate is definitely not the most important aspect of a mortgage, however, as many rock-bottom rates often come from no frills mortgage products. In other words, even if you qualify for the lowest rate, you often have to give up other things such as prepayments and porting privileges when opting for the lowest-rate product.

The Keys to A Super No Hassles Mortgage Loan

How to successfully apply for a loan...


This is what I see guarantees you a loan with little to no hassle. For the record, I can't recall ever having someone qualify this easily but it's always fun to dream.


#1 You Have most of the sale price in the bank already. You say you only need a mortgage loan for $50,000 on a a $500,000 property? Sweet.

#2 You've worked at the same place, a nationally recognized company, for over 10 years? Sweet!

#3 You have 5 different credit cards that you continually use but pay off monthly? Sweet!

#4 This house is being sold by a certified Realtor? Sweet.

#5 You are a Canadian Citizen buying a decently average home in a steady, suburban neighbourhood in a large city? Sweet.