>>>Referral Contest<<< Win an IPhone5 or and IPad3

First off… Congratulations to Rayissa Palmer, Winner of a Brand New IPhone5 for referring  a client during my October Referral Contest.   The client got a 5 year fixed rate mortgage at 2.94% and have moved into their new house so everyone’s happy!

>>>New<<<    Year-End Referral Contest…Win A New IPhone5 or A New IPad3

Dear friends, family and colleagues…

Refer a new client resulting in a funded mortgage and win a Brand New IPad3 or IPhone5

Refer a client who funds a mortgage for between $350,000 – $499,999 and “Win a Brand New IPad 3” ($519 Value)

Refer a client who funds a mortgage > $500,000 and “Win a Brand New IPhone5” ($699 Value)

 ***Eligible on New Referrals received between Nov 27^th and December 31^th , 2012

Who could benefit from your referral?

Someone thinking about buying a new home or income property, or maybe someone renewing their mortgage or looking to consolidate some of their debt?

What do the clients get?

A  comprehensive client screening service that will prepare them to meet their mortgage financing needs.

Credit Report Analysis and Repair

Credit history and analysis A client’s credit score and history is a primary consideration for which mortgage products and rates clients have access to.    Finding out what’s on your credit report as soon as possible is critical in overcoming potential stumbling blocks.  

Poor Credit…all is not lost!  Thousands of applicants are turned down for mortgage financing every year due to poor credit.  The key is to start putting together a plan to re-establish credit so that you can be in a position to purchase a home in as short a period of time as possible.   

Document Verification and Preparation

Don’t be fooled by thinking your bank pre-approvals are lock tight.  Pre-approvals all come with conditions to be met and documentation verification requirements.

Employment history and Income verification – I verify and collect all of the necessary documents upfront. Where necessary, I also prepare clients to overcome any hurdles that might arise due to a client’s employment profile, such as being self-employed, being paid commission or bonuses or those who are behind on tax filings or payments.

Down payment verification and preparation – Again, I verify and collect all pertinent documents upfront and where necessary, prepare the client to deal with potential issues arising from the source of down payment, gift monies or monies coming from out of the country.

Time can be your friend or your enemy when it comes to documentation. Given enough time, I can get the proper documentation in place so that your mortgage application is not held up or declined all together.  

Debt Assessment and Positioning

The difference between a client being approved or declined can often be the result of how the applicant’s debts are positioned within the application.  By taking an in-depth look at the client’s present asset and debt profile, it is often possible to consolidate some of the debt to better position the application to meet the lenders debt servicing ratios. 

 Client Education – Screening

Often Clients go through the preauthorization or pre-approval process with only one number in mind... the maximum mortgage amount they qualify for.  The problem is that the maximum mortgage amount they qualify for may be more than what they can actually afford due to other lifestyle choices, debts etc.  

Maximum mortgage affordability, monthly payment affordability and overall debt tolerance are all assessed and discussed with the client to make sure they are educated and comfortable with the final purchase price of the home, the total mortgage amount and the terms of the mortgage    

Mortgage Options and Flexibility

Through our brokerage, clients will have access to over 40 lending partners.  These include amongst others Scotia Bank, TD Bank and a host of broker network lending partners which ensures clients always have access to the best rates and products being offered.   Clients will also be able to take advantage of the special products and rates offered by many of our “B” and Private lenders meaning that no one gets turned away.   

Personalized and Mobile Service  

Each client is met with personally to complete the application process.  At this time, clients are also given an opportunity to ask questions regarding the entire mortgage financing process.       

For clients who can’t make it into the office,  I offer a mobile service and will visit them!

 “Helping clients find a mortgage…and peace of mind”

Domenic Mirabelli     

Mortgage Intelligence      
416.303.4480 
domenic.mirbelli@migroup.ca