How To Get Approved With Us

Navigating the mortgage approval process can be a complex endeavour. At Ltd., we streamline this journey for our clients in Ontario, ensuring clarity and ease at every step. This article outlines the structured approach we take to secure mortgage approvals efficiently.

Step 1: Initial Consultation

Our process begins with a personal consultation to understand your property goals and your financial situation. This initial consultation is important, as it allows us to tailor our advice and services to align with your unique objectives and financial health.

Step 2: Gathering Your Documents

The next phase involves gathering your essential documentation. The documents you provide to us include, but is not limited to, verification of income and details regarding your down payment sources. We thoroughly evaluate these documents to assess your mortgage eligibility.

Step 3: Completing the Application

Filling out the mortgage application is a critical step, whether done digitally via our website or through a physical paper form. Alongside this, we require your consent for a credit check and two forms of identification to proceed.

Step 4: Submitting the Application

Upon receiving your completed application, we conduct a thorough review, including a credit inquiry and confirmation of the provided information. Subsequently, on your behalf, we present your application to a suitable lender.

Step 5: Awaiting Approval

The next step is the lender’s assessment of your application. Approval results in a commitment letter detailing your mortgage conditions. This is essentially your mortgage approval letter. In the event of a non-approval, we communicate the rationale and strategize on addressing any lender concerns.

Step 6: Accepting the Mortgage Offer

Should the commitment letter align with your expectations, we move forward with your acceptance of the mortgage offer. It is our responsibility to ensure you fully understand all contractual elements prior to signing any agreements.

Step 7: Submitting Signed Documents to the Lender

After you’ve signed the mortgage offer, we submit your paperwork to the lender for their review. The lender will do their due diligence, which involves verifying the documentation, calling your employer to verify your employment and determine if additional documents are needed.

Step 8: Arrange for an Appraisal

In cases where property appraisal is necessary, we coordinate with a certified appraiser to determine the property’s market value. The resulting appraisal report is then submitted to the lender for review.

Step 9: Satisfy Approval Conditions

Upon meeting the lender’s approval conditions, we receive notification that your file is marked as LENDER COMPLETE, meaning that all the broker and lender work on your file is COMPLETE. At that point, a lawyer takes over to do the legal work needed to close the transaction.

Step 10: Closing Date

On the closing date, the lawyer will perform the final steps of the purchase, register and transfer the ownership of the property in your name, and provide you with keys of your new home.

*Note: The outlined steps pertain to home purchase approvals. For refinancing or lender transfers for existing homeowners, the process mirrors the above, excluding the purchase-specific elements.

Important Considerations

To maintain the integrity of your mortgage approval, it is crucial to avoid significant financial changes before the closing date. Changes in employment, accruing additional debt, or substantial purchases can adversely affect the approval status.


This article is a brief overview of how to apply for, and get your mortgage approved with us. At Ltd., we are dedicated to guiding you through each phase of the approval process. For inquiries or assistance, we are readily available to provide support.

If you are interested in getting a mortgage pre-approval, or if you need assistance for applying for a mortgage, whether that be purchase, refinance or changing lenders, we are available for further discussion. While the application process may sound complex and confusing, with proper guidance borrowers can take steps to fully understand the pros and cons that will help them make an informed decision.

At Ltd, we understand what needs to be done to secure a mortgage. We can help identify lenders that best match your credit profile. Talk to us for helpful advice on securing a mortgage, understanding current mortgage rates, and guidance through the process to help you make informed decisions that align with your financial goals.

About Us

At Ltd, we are constantly looking for ways to provide helpful advice related to mortgages, current mortgage rates, and more. If you have any questions or need further assistance, we offer a complimentary no-obligation consultation. Feel free to reach out to us at (519) 252-9665 during our regular business hours. Alternatively, you can fill out our contact form, and your message will be promptly emailed to us. We value your time and inquiries, and we make it our priority to respond to all messages within one business day. When reaching out, please provide us with your contact details, a brief overview of your mortgage needs, and the most convenient times for you to have a consultation. We look forward to assisting you with your mortgage.

This article was brought to you by Ltd., a mortgage brokerage that is licensed with the Financial Services Regulatory Agency of Ontario (FSRA), which regulates businesses in the financial sector. The Principal Broker Sash Trajkovski has over 20 years of real estate and mortgage experience in the Ontario marketplace. You can verify our licenses by visiting the following links from FSRA’s website: our corporate license and Principal Broker license. Our mortgages services are available to all residents of Ontario. If you’re in Ontario and looking for more personalized advice and information, consider booking your Complimentary Consultation today, and let us help you understand the details that will guide you on your path to a suitable mortgage solution.

Disclaimer: Please note that this information is current as of the date of publication and is intended to be general in nature. It is not intended to provide legal, tax, financial, or other professional advice and should not be relied upon as such. Always consult with a professional for advice tailored to your individual circumstances.

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