Slide background

Welcome to Oakville and Oakville House Sales. Let my many years living & working in Oakville work for you.

Slide background

I’ll introduce you to parks & trails, shops & restaurants, schools and rec centres and of course, our wonderful lakefront.

Slide background

A detailed analysis of current market conditions will help ensure the right price.

Slide background

You can count on me to coach you through Selling and/or Buying a home. I am committed to your best interests and you can trust my advice.

Slide background

I will help you make the Right Move by introducing you to Oakville neighbourhoods from Bronte to Ford and Joshua Creek to Old Oakville.

Slide background

7 Steps to Getting Listed and Getting SOLD

Slide background

Buying a home in Oakville is just the beginning. Let me help you discover “Living” in Oakville

Mortgage Advice

Mortgage Advice

Qualifying for a mortgage

I can help to have you pre-qualified for a mortgage before you even start shopping for a home. Pre-qualifying lets you know just how much you could afford to offer on a purchase. It’s easy, and you’ll avoid possible disappointments down the road if you fall in love with a place, then find out you can’t afford it. Plus, once you do find the perfect home, it will mean you can make an offer immediately.

Here’s how mortgage approval works: the amount of money you qualify for, plus the amount of cash you can put down equals the amount you can afford to spend on a home. Most lending institutions won’t allow more than about 30% of your total income to support a mortgage. If you have other debts, they usually won’t allow your combined debts and your mortgage to exceed 40% of your income.

Finalizing your mortgage

Once you’ve found the home you want to buy, you will need to finalize your financing. You’ll need to provide your lender with the following documents:

1. A copy of the real estate listing of the property. If the home is still to be built, the mortgage lender will need to see the architect’s or builder’s plans and details on lot size and location.
2. A copy of the offer to purchase or the building contract, if this document has been prepared.
3. Documents to confirm employment, income and source of pre-approval.
4. If you have a pre-approved mortgage, it’s a simple matter of finalizing a few details with your mortgage specialist. Some lenders may want to do an “appraisal” of the purchased property to ensure its value.

Home Free Mortgages - Mark Mighton (905) 338-8458

Provided by Ann Corrigan, Oakville House Sales