Questions Frequently Asked By Our Customers

1. Why should we use a mortgage broker instead of going to my own bank?
   You come to us because we will work for you. We have access to numerous mortgage products and will match your situation to the best mortgage product available. Your bank can offer you their product – we find the best product based on your individual circumstances.
2. Is there a fee for your service?We offer a free consultation.
   Once the best product is sourced it will be presented to you. If a fee for service comes into play it will be discussed prior to your acceptance.
3. What other fees can I expect to pay?
   On a purchase you are expected to have at least 1.5% of the purchase price saved for closing costs, per government guidelines.  On a refinance situation, where possible, we will endeavour to include all fees associated with refinancing in the new mortgage amount.
4. Can I use gifted funds for a downpayment?
   Most lenders will accept a downpayment that has been received as a gift from immediate family. They usually require a “Gift Letter”; this is signed by the family member giving you the funds, confirming that this is not a loan and does not need to be repaid.
5. How many lenders do you deal with?
   We are members of the Filogix Expert mortgage system and have access to over forty lending sources both on-line and privately. Our sources include all the major lending institutions, including banks, trust companies and equity lenders.
6. How are you different from other Mortgage Brokerages?
   One of our differences; the owner of Chase Financial, has a mortgage company that lends private mortgage funds. Clients that do not qualify for institutional funding, may qualify for private funds. These on-site funds set us apart from many of our competitors.