Renewing/refinancing

Mortgage Timeline

Below is a guide of the mortgage process when renewing your mortgage or refinancing. The length of time may vary depending on the current mortgage lender and how long it will take to get the mortgages payout statement. This should be used for demonstrative purpose.

01

Application

Start by completing a Mortgage Application Online.

02

Documentation

Submit all the required documentation outlined in the provided checklist. Examples can be found here.

03

Secure Mortgage

The mortgage is submitted to the lender for Approval.

04

Mortgage Review, Signing & Payout Statement Requested

Once the mortgage is secured, we review the terms and conditions, sign the commitment and request the payout statement from the current lender.

05

Payout Statement Received

Once the payout statement is received with the exact mortgage balance and property tax account, a closing appointment is scheduled.

06

Closing

The mortgage title is reviewed and updated with the new lenders information.

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The payment frequency that works best for you.

Common questions answered.

Examples of common documents required.

Mortgage terminology defined.

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