Serving Clients Better with Online Options
Millennials — followed closely by the Z or iPhone Generation — may be known as the digital generation, however, both Boomers and Generation X are just as focused on finding ways to save time. Research shows that most age groups are prepared to complete their Mortgage Application online and provide documentation securely online, as well. Add in factors like the recent global health pandemic due to COVID 19 and the call for a more automated mortgage application process becomes even more necessary.
Whether you are looking to buy or build your new home or property, the process can be daunting. On the building side, buying materials and hiring contractors is time-consuming, while buying an already completed property requires a meticulous selection process with tight deadlines.
This is about educating ourselves and understanding our clients. Remaining flexible to client needs is paramount. Offering automated, manual, by-phone or in-person applications has been the route to success, with at least 43% of Canadians comfortable with an online process.
If you prefer the assistance of an in-person professional mortgage broker as your financial adviser in matters of real estate, you are not alone. A recent survey among Canadians determined that only 50% are familiar with types of mortgage products available and 62% of Canadians do not understand how interest or interest penalties are calculated.
With today’s technology and the help of Gerard Buckley at Mortgage Wellness, automating the mortgage process has never been easier. Homebuyers are seeing their daily lives become busier than ever before and, as such, they need the ability to receive crucial information regarding their financing as fast as possible.
Thanks to Gerard, you can now apply for your mortgage online in just two short minutes, allowing you to continue with your busy schedule while he handles the rest of it.
The Application Process
To make the application process quick and automated, Gerard has created a Quick and Full Online Application for prospective homebuyers. All you have to do is visit his website at JaguarMortgages.ca and click the “Apply Now” button (or simply click on the link provided here). From there, you will be asked to fill out a short form including details about the property and your contact information.
The details regarding the property will include an estimated price for the property, the type of property (commercial, residential, etc.), type of mortgage required and an estimated down payment amount. After completing the form, all you have to do is click “Send” and Gerard will have enough information to take a first look at your financing needs.
While you are busy with your day-to-day tasks, Gerard will personally look over your information and follow up to collect any other details required to complete the application. This can include information about your occupation, sources of income or other pieces of financial information that will help Gerard further understand your home-buying needs. Questions will differ greatly depending on what the property will be used for (commercial vs residential). Gerard will use that information to shop around and to find you the best available rates through his network of over 80 lenders.
Gerard will use his many years of banking experience and extensive financial knowledge to ask important questions about your specific situation. These questions might uncover information that can lead to lower interest rates from lenders, helping you save thousands of dollars over your lending term.
Other Automation Methods
Are you starting to plan for a home purchase but unsure of what your monthly budget will look like? Visit our Mortgage Calculator to find out exactly how much the payments for your dream house will cost. This tool allows you to set the total amount of the mortgage along with the interest rate, payment frequency, term length and amortization period. The end result is a mortgage summary that allows you to gauge exactly where you’ll be at the end of your term and how much it will cost per payment.
Another handy perk of this automated tool is that it allows homebuyers to see just how much money they can save by shortening their amortization period with the use of slightly higher payments. That small payment jump may add up to thousands of dollars in saved interest costs overall, leaving you ahead of the game when it comes to your financial future.
Working with Gerard
When Gerard is on your team, you can rest assured he has your best interests in mind. He has helped many people achieve their financial and real estate goals — and Gerard can help you, too! Hiring a mortgage broker is the smartest option, especially in a market where interest rates are constantly changing and virtually all lenders have different rates and advantages. Gerard has extensive experience analyzing interest rates and raising capital, so you can be confident that he is well equipped to get you the best mortgage.
When you work with Gerard, he understands your time is valuable and that you are already very busy with the purchasing process. That’s why he’s happy to provide the online application, designed to have you on your way to purchasing your new property within minutes. Gerard will handle the financing process and ask questions as needed, giving you time to take care of the rest.
Some of Gerard’s past clients who’ve used this automated tool have this to say: “The online application really simplified the process for us. Working with Gerard took a lot of the stress out of buying our new home” (Heather and Mark). Whether you are looking to purchase a commercial, residential, or investment property, Gerard can take the stress out of the application process and get you the best financing while he’s at it. With the right help on your side, getting into your next home can be simple and easy.
Gerard Buckley, Mortgage Agent and Certified Reverse Mortgage Specialist at Mortgage Wellness has offices is in Collingwood, Owen Sound, Port Elgin and Toronto with access to over 80 specialized lenders.