Buying a home

The purchase of a home is the largest purchase most people make during their lifetime. Now, more than ever, financial institutions are regularly launching new products and programs, making it easier to get into that new home sooner.

Home Improvement

Additions and remodels are a great way to incorporate new life and style to any home. And renovating may be a more practical and cost-efficient solution than moving, especially if you like where you live. From additions to increase kitchen, bedroom, or family room space to finishing the basement, or creating an outdoor living room, our specialist can help.

Pre-qualified or pre-approved?

Mortgage pre-qualification is generally a quick, simple process. You provide a mortgage lender personal financial information, including your income, debt and assets. Based on your information, the lender will give you a tentative assessment as to how much they’d be willing to lend you toward a home purchase. Pre-qualification can usually be done over the phone(1 888 813 3914) or online and often at no cost. A pre-qualification is not a guaranteed loan. With the help of our agents, you’ll get a personalized calculation of the purchase price you may be able to afford – it only takes a few minutes and won’t affect your credit score.

Mortgage pre-approval is a more significant milestone in the process because a lender is actually checking your credit and verifying your financial information. If you’re pre-approved, a lender is making an actual commitment (subject to conditions such as a property valuation) to loan you money. Pre-approval is not necessarily a guarantee that you will receive a specific rate or mortgage from that lender because circumstances may change from the time you get-pre-approved until the time you’re ready to make a purchase.

How pre-approval works

Let our team at LM Financial help you figure out how much you can afford in a mortgage. This will help you in purchasing especially for your first home. Know what your mortgage payments will be and develop a budget. Locking in your interest rate is a great tool in making sure for the next 3 months your rates will remain the same; but if rates should go down, at LM Financial Inc. we make certain you will benefit from the lower rates.

It’s free! It’s smart! It’s piece of mind!  Call an LM Financial Inc. expert to get your pre-approval within the next 2 business days.

How can we help

First-time home buyer or moving to a new home, LM Financial Inc. is the right choice for you. You will get the right information, the guidance and education needed to make the decision that fits your situation. LM Financial Inc. has access to lenders looking for every kind of deal imaginable and we will make certain you can take advantage of the lowest interest rates you are eligible for and a mortgage that coincides with your lifestyle. FAQs:

Fixed or variable rate?

A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest rates change. Generally speaking, if interest rates are relatively low, but are about to

What’s next

An LM Financial Inc. expert will consult with you regarding your financial needs and housing wants in order to best deliver the product that is right for you. This very short consult will get the process started. Below is a list of some information you will need.

  • Your employer and status of employment
  • Recent proof of earnings
  • Recent proof of investments and or other income
  • Proof of identity and access your credit score

Apply now or call us today at 905-813-3914 or toll free at 1-888-813-3914 and speak to a live mortgage expert and let’s get you pre-approved within 2 business days.