Think Homewise - Online Mortgage Approval Canada

  When you're gearing up to buy a home, one of the biggest questions on your mind is probably, "What will my mortgage payments look like?" It’s a fair question and one that deserves a clear and straightforward answer. After all, knowing what you'll be paying each month is key to planning your finances and ensuring your dream home doesn’t turn into a financial nightmare. So, What Exactly Is a Mortgage? At its core, a mortgage is a substantial loan, usually provided by a bank or a similar financial institution, to help you buy a property—be it a house, a condo, or even a piece of land where you’ll build your future home. But here’s the thing: your property isn’t just yours until you’ve paid off the mortgage. It acts as a security for the loan, which means that if you hit hard times and can’t keep up with your payments, the lender has the right to sell the property to recoup the debt. It’s a sobering thought, but one that underscores the importance of budgeting wisely. T...

  Choosing between a fixed and variable mortgage rate can feel like navigating a maze, especially with the twists and turns of today’s market. The sheer number of options can make the process seem overwhelming. But don't worry! At Think Homewise, we've got your back. Imagine sitting at your kitchen table, sipping coffee, and dreaming about your perfect home. We're here to simplify the mortgage journey and make that dream a reality. Let’s dive in and turn those confusing choices into a clear path forward, tailored just for you.  Fixed or Variable Rate Mortgage: What’s the Difference? First, let’s break down the basics. A fixed-rate mortgage means your interest rate stays the same throughout the term of your loan. This provides stability and predictability in your monthly payments, making it easier to budget and plan your finances. With a fixed-rate mortgage, you won't have to worry about sudden increases in your monthly payments, which can be a great relief, especially ...

What is a mortgage pre-approval? An  Online mortgage approval  is a promise made by a company (lender) that outlines the conditions under which they’ll lend you money, such as the interest rate. The lender states, “Based on what you have informed us about your situation and qualifications, we will grant you money for a mortgage.” Earnings, creditworthiness and down payment size are the three most crucial factors that these banks consider. Why Your Realtor Needs to Know This You are doing yourself a favour if you try to buy real estate in today’s busy market without being pre-approved. When making the biggest purchase of your life, be ready. This is not the time to put things off. Your realtor will be grateful that you took the necessary measures to ensure they can buy a property. Pre-approval: Why It’s Important Because the borrower may assess the size of their down payment and the size of a mortgage they can borrow, it helps reduce the available possibilities for purchases. I...

  We work for you Homewise puts your needs first. That’s why we’ll always make the best decisions for you, not the banks or lenders. This includes finding you a  top mortgage broker in Ontario  with lower interest rates and payments, even if it means that we don’t receive a commission. We want to get to know you. That’s why we’ll walk you through our online application in just 5 minutes. When you create your Homewise Tailored Persona Profile, we’ll include questions that make you the star. We call this our Homewise Tailored Persona Profile. Plus, you can update it anytime and anywhere – it only takes a few minutes. We do the work for you so that you can focus on what’s most important. Our tech-powered mortgage experts can find savings no matter what lender you’re working with and also helps you  how to get pre-approved for a mortgage . We work with many banks, lenders and credit unions to find the best mortgage options. We do the work – so all you have to do is tell ...