FAQ’s
Why work with Zach Havens for your mortgage?
As a licensed mortgage agent, I bring over 10 years of accounting, personal finance, and mortgage experience, helping clients secure top-notch mortgages at the lowest rates. By having one-on-one conversations with my clients, I’m able to discover your mortgage goals and financial values, allowing me to design a personalized mortgage solution for you and your future!
What advantages does a mortgage agent offer over a bank?
While banks are only able to offer their products on their terms, I have access to 135 different lenders, giving you more options and unbiased guidance to help you secure the best mortgage on terms that work for you. As well, because I am an independent advocate fighting to get you the best mortgage, I am able to call/text on evenings and weekends, giving you full access and peace of mind outside of your local banker’s work hours.
Can Zach help if I have a less-than-perfect credit score?
Absolutely. Because of my access to 135 different lenders, I am able to find creative solutions to your mortgage needs even with a less-than-perfect credit score. As well, I am able to provide practical steps to help improve your credit score allowing you to secure the best terms for your next mortgage.
What documents do I need to provide for my mortgage application?
After our initial call, I’ll give you a short list of easy documents to provide based on your specific situation. Typically, they’ll include proof of income, ID, and credit history. I will provide a clear checklist so you’ll know exactly what’s needed to get your right mortgage.
How does Zach stay updated with the latest mortgage products and rates?
In order to best-serve my clients, I spend much of my time monitoring the market, interest rates, and housing trends. As well, I get e-mails several times throughout the week directly from lenders with updates to rates and changes, ensuring you are able to get the most competitive rates and terms available.
Are there any hidden fees when working with Zach?
Absolutely NO hidden fees. Typically, any payment I receive comes from the lender after the mortgage is put through, meaning that you as my client pay absolutely nothing for my personalized concierge mortgage services. In the event that any fees are charged (for alternative/private lending), I communicate all mortgage/lender fees upfront so you're fully informed throughout the process.
Can Zach help with other mortgage services or just new purchases?
I am able to specialize in ALL mortgage services, meaning that I can help with so much more than just new purchases! I am able help with refinances, renewals, real estate investment, debt consolidation, home improvements, reverse mortgages, construction loans, and more! If it has anything to do with property financing, I can help :)
How can Zach help me save money on my mortgage?
By leveraging my network of 135 different lenders, I’m typically able to get you a lower interest rate than what you could find at your local bank. As well, by choosing the right amortization, term, and type of mortgage, we’re are able to strategize to find the best mortgage for you and your situation. As well, there are often several different incentives that many lenders offer including cash back mortgages, cash for opening bank accounts, and more. Give me a call at 519 319 7270, and let’s chat about what those options might be!
Is it true that I need a large down payment to secure a mortgage?
Not necessarily. Through utilizing the first home buyer incentive, often times you are able to secure a property for only 5% of the purchase price. As well, with options like cash-back mortgages, we can get creative to help you secure your next property!
What happens if I want to pay off my mortgage early?
Typically lenders will give you the option to make lump sum payments (usually 15-20% of the mortgage balance) and increase your mortgage payment, allowing you to potentially save thousands of interest and be mortgage free years sooner. If paying off your mortgage early is important to you, let’s chat, and I can help you find the right terms to make that goal a reality sooner!
How long does the mortgage approval process typically take?
Once I receive the correct documents and info, I can often get approval for my clients within 48 hours.
What if I'm self-employed? Can Zach still help me secure a mortgage?
Absolutely! As someone who has been self-employed for almost my entire adult life, I have a very clear understanding of the challenges for someone who owns their own business. There are several tools that we can leverage such as “grossing up” your income to make you appear more favourable to lenders. As well, because I have access to 135 different lenders, we’re not limited to just one or two big banks who often don’t offer favourable terms to business owners like yourself. If you are self-employed and want to know your best options, let’s chat, and I’ll work to get you the best mortgage.
What if I have student loans or other debt? Can I still get a mortgage?
Yes, I work with all my clients to structure their mortgage in a way that accommodates existing debts while ensuring a manageable monthly payment.
What's the benefit of pre-approval and how does Zach assist with this process?
Pre-approval strengthens your offer and speeds up the closing process. It looks really good to real estate agents and home sellers, and it allows you to go home shopping with confidence knowing that you can afford the houses you are looking at. Once I have your documents, I am typically able to help you obtain pre-approval within 48 hours.
What if I'm buying a second home or an investment property? Can Zach assist with that?
Certainly! I have expertise in financing additional properties for rentals, flips, and more and can provide options that align with your investment goals.
How can I get in touch with Zach Havens to start the mortgage process?
You can reach out to me via call or text at 519 319 7270. You can also e-mail me at zach@havensmortgages.com or send me a DM on Instagram @havensmortgages. Whatever your situation, I am happy to help you secure the best mortgage solution for your needs :)
