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MORTGAGE BROKERAGE
2017 ANNUAL RETURN
Legislative Requirements
Section 48 of The Mortgage Brokerages and Mortgage Administrators Act (the Act) requires every
licensee to provide the Superintendent
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How to fill out mortgage brokerage
How to fill out mortgage brokerage
01
Step 1: Gather all necessary documents such as income statements, tax returns, and credit reports.
02
Step 2: Research different mortgage brokers and compare their rates and terms.
03
Step 3: Schedule appointments with potential mortgage brokers to discuss your financial situation and goals.
04
Step 4: Provide the necessary information and documents to the chosen mortgage broker.
05
Step 5: Work closely with the mortgage broker to complete the application and provide any additional requested information.
06
Step 6: Review the mortgage options presented by the broker and choose the one that best meets your needs and preferences.
07
Step 7: Sign the required documents and complete any additional paperwork.
08
Step 8: Coordinate with the mortgage broker to ensure a smooth closing process.
09
Step 9: Stay in touch with the mortgage broker during the loan approval process and address any concerns or questions that may arise.
10
Step 10: Once the mortgage is approved and finalized, make timely payments according to the agreed terms.
Who needs mortgage brokerage?
01
Individuals or families who are in the market to purchase a home and require financing.
02
Real estate investors who need to secure mortgages for investment properties.
03
First-time homebuyers who may benefit from the expertise and guidance of a mortgage broker.
04
Those with unique financial situations or special requirements that traditional lenders may not be able to accommodate.
05
Individuals seeking competitive mortgage rates and terms through the assistance of a broker.
06
Business owners or self-employed individuals who may face challenges in obtaining a mortgage from traditional lenders.
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