If you’re a first-time home buyer or current homeowner looking to buy your first home, rental property, second home or vacation property, getting pre-approved is a very important first step in the buying process. Getting pre-approved is not confusing or a difficult process, in fact it is fast, easy and stress-free. Todd Schofield — The Mortgage Centre is an established mortgage broker who is based in North Bay and covers all of Ontario has shared the process for getting a mortgage pre-approval. Here comes the approach.
From the comfort of your home or car you can call Todd Schofield at 705-472-0110 (office) 705-492-6833 (cell) to start the process with no appointment necessary.
Gathering Information: You will provide information about yourself like income sources and down payment availability. You will then be emailed a list of items to gather. Having this information in advance will ensure no surprises and you will receive the highest pre-approval, suitable product and best rate available.
Benefits to getting pre-approved:
- Interest Rate Protection: Your interest rate will be locked-in for up to 120 days (4 months). Should interest rates go down – Todd will always get you the lower rate. If interest rates go up – you’re protected at the interest rate on your pre-approval.
- Serious Buyer: Real estate agents and sellers will see you as a serious buyer when you have the backing of Todd who has reviewed in advance your income, credit and down payment to determine how much home you can afford.
- Save Time & Money: Getting pre-approved can also save you valuable time by identifying how much you can afford, so you can target your home search to your price level. This also allows you to focus on the features of the home rather than worrying about the price of the home. Instead of applying at the lenders yourself and potentially lowering your credit score, Todd will do all the work for you. Not only can this save you time, but it can also save you money. If Todd finds a lender offering a mortgage with a lower rate, that could mean thousands of dollars in savings over the life of your mortgage.
- Bargaining Power: With a pre-approval in hand, you will likely have more negotiating power because sellers and real estate agents know that you have already talked to Todd and you have a pre-approval.
- No Surprises: Getting your pre-approval early will leave little room for unexpected surprises – such as credit review or income ratios.
- Faster Closing Dates: A pre-approval can help to speed up the closing process, since much of your financial information is already collected and reviewed by Todd.
Make sure your mortgage is pre-approved in advance prior to looking at homes to purchase. This will help with putting offers on homes as you will buy within your approved budget and your offer to purchase will be more attractive when the seller and realtors know you have arranged your mortgage in advance and you’re dealing with an experienced mortgage broker like Todd. Get in touch with Todd Schofield -The Mortgage Centre for a second opinion on how to get a better mortgage with a mortgage pre-approval.
How Todd Schofield -The Mortgage Centre Differ From Others?
Todd Schofield - The Mortgage Centre is a licensed Mortgage Broker with over 30 years experience who takes pride in helping families with all their mortgage needs. He has great relationships with realtors, lawyers, banks and credit unions to ensure a smooth positive experience. Todd’s sense of urgency in completing the process with speed, accuracy and professionalism has made him a top broker in North Bay and throughout Ontario and to grab a spot in ThreeBestRated® listing.
Todd has plans to carry over his legacy to the next generation with his son, Dylan Schofield by training him to become a great mortgage agent to deliver the best mortgage solutions to all past, present and future customers for purchases, renovations and debt consolidations. Good or bad credit — they can get you a mortgage and also help you with credit bureau fixes and repairs to increase your credit scores. From the comfort of your home or car you can call Todd Schofield at 705-472-0110 (office) 705-492-6833 (cell) to start the process with no appointment necessary. Contact them at https://www.toddschofieldmortgages.com for a fast stress-free and professional conversation. Rock Capital Investments Inc. #10556. Each Mortgage Centre is independently owned and operated.
“ThreeBestRated® has become a recognized source of approval for what business to support with the great awareness created through local community voting systems. It helps my business with credibility in my industry. Todd Schofield – The Mortgage Centre has won multiple ThreeBestRated® awards for Best Rated Mortgage Broker in North Bay, Ontario after passing their exciting 50-Point Inspection. We’re happy to recommend ThreeBestRated® for their exceptional offerings and local business support products” – praises the firm.
About ThreeBestRated®
ThreeBestRated® was created in 2014 with the simple goal of finding the top 3 local businesses, professionals, restaurants, health care providers, and everything in-between, in any city. Every business is meticulously handpicked by our employees. We check business’s reputation, history, complaints, ratings, proximity, satisfaction, trust, cost, general excellence, reviews, and more, using our 50-Point Inspection. We only display businesses that are verified by our employees. Other places will call this “hard work” and “unnecessary”. We call it “due diligence” and “the right thing to do”. Our website is updated on a regular basis for quality and the latest business information.
ThreeBestRated® has the honor of helping 4.5 million customers every month find the best businesses in any city – without any effort!
