Frequently Asked Questions
Q. Who
do I contact for Information and Questions on using
Savers Mortgage?
A.
If you have any inquiries prior to completing the online
application, please call (416) 493-1983, 9am-10pm 7
days a week or fax your questions to (416) 493-6898.
Our highly trained, friendly Mortgage Underwriters will
be glad to assist you
Q. After
I apply for a Mortgage, what should I expect?
A.
Great service! Once your mortgage application is received,
whether you apply on-line, by mail, by fax or in person
you will receive notification from Savers Mortgage that
your approval is in process and we will keep in constant
contact with you as to its status.
Q. Can
I apply for a mortgage to purchase a property before
I’ve found one?
A.
Yes. This is called a Pre-Approval, meaning you have
been pre-approved before you actually find a house to
purchase. Speak to one of our friendly Mortgage Underwriters
for more details.
Q. Can
I obtain loan programs / rates over the phone?
A.
Yes, but since all applicants are different and for
the most accurate information we will need you to invest
a few minutes of your time to fill out our easy Application
Form for us to be able to give you an accurate idea
as to what you will qualify for. To do that now simply
click here: APPLY NOW
Q. Is
there a cost to submitting a mortgage application?
A.
NO! Please be assured that you will not incur any application
fees whatsoever for our services. You will be advised
of any up front costs such as appraisal fees payable
to a Appraiser after our Underwriting Department has
reviewed your application, obtained a preliminary mortgage
approval and has reviewed them with you for your approval.
Q. How
quickly will my mortgage application be approved?
A.
Once your application has been submitted it will be
reviewed by our experienced Underwriting Department
the same day and subject to the completeness and accuracy
of the application a preliminary approval usually occurs
within 24-48 hours.
Q. On
a purchase is there someone who will work with my Realtor?
A.
Yes, since each mortgage application is assigned to
one of our Mortgage Specialists they will work with
you until you close, and will assist you / your Realtor
at all times.
