Buying Your Next Home
Home Buying Made Easy
Let us guide you through the journey of purchasing your next home for a stress-free move.
- Discovery
- Document Preparation
- Application Review
- Pre-Approval
- Shopping with Confidence
- Make an Offer
- Submit Mortgage Application
- Negotiating your Approval
- Signing Commitment
- Review of Conditions
- Meet and Sign with Lawyer
- Prepare for Possession
Discovery
- Phone, zoom or in person meeting at Legacy Office
- Review Employment Details
- Review Financial Portfolio
- Discuss Goals of Purchase
- Review Insurance Coverage
- Mortgage Associated to provide Preferred partners list and closing cost brochure
Document Preparation
- Consent for Credit ( AB Written Service Agreement - Broker acts as an intermediary)
- Client to upload all requested information using secured link sent by Mortgage Associate
Application Review
- Completed by Mortgage Associate - additional information may be required at this time.
Pre-Approval
- Discuss lender products/options
- Discuss rates and amortization
- Define purchasing power
Shopping with Confidence
- Choosing a realtor
- Choosing a builder
Make An Offer
- Allow 7-10 days as a condition of financing period when placing an offer
- Will require additional documentation depending on the type of purchase
Submit Mortgage Application
- Review lender terms and conditions
- Sign credit application
Negotiating your Approval
- Additional documentation may be required
Signing Commitment
- Understand lender products and terms
- Sign, and acknowledge, mortgage loan agreement/disclosure
Review of Conditions
- Fire Insurance
- Home Inspection
- Understand payment of property tax
- Satisfy all lender conditions; including any and all payouts
- Home Insurance
- Credit Protection
- Additional verification documents
Meet and Sign with Lawyer
- Remaining down payment and any remaining closing costs to be paid to lawyer
- Take two pieces of ID (one MUST be Government issued))
- Any payments made to lawyer must be in the form of a draft
Prepare for Possession
- Utilize our Preferred Partner list to connect with our trusted partners
- Utility set up
- Schedule key release with realtor/builder
WELCOME HOME!
Thank you for trusting Legacy Mortgage Group with your purchase, please do not hesitate to contact us if you have any questions. A Mortgage Associate will be in touch six months prior to your renewal.
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Leo and Sundeep are my go to mortgage brokers for all my clients . Their service and experience are unmatchable. I’m always confident that the deal will get done if they are working on it.
Highly recommend both of them !
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To be honest they are the best mortgage group in Alberta and Arshpinder really helped me to get approved for my mortgage. My situation is very hard to get approved for a mortgage but they still managed everything. 100% recommend!
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As a realtor I send all my clients to the Legacy Mortgage Group. They are quick to respond, do a great job in educating clients through the whole process, and get the best options available for what the clients need. They are my #1 recommendation for where to go for any mortgage questions and needs!
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