4 Steps to Buy a Home

Dream come true. Happy couple together in their new house.
Investment Properties

Step 1 – Get a Pre-approval

Step 2 – Go Shopping with a Real Estate Agent

Step 3 – Secure Financing

Step 4 – Closing the Mortgage

Mortgage Process

When you have committed to setting up a mortgage, whether it’s a purchase, refinance or switch/transfer, there is a process that is followed.

1. Application

An application must be set up with us so that we can ensure you qualify for the mortgage.

2. Application Approval

The application is sent to the lender. An underwriter reviews it and within 24-48 hours we will have received the lenders mortgage commitment with their approval. In cases where the lender is not willing to move forward, we would receive a decline at this stage.

3. Supporting Documents

The mortgage commitment will detail what supporting documents are needed and we will call or email you to advise of this, setting up an appointment to sign documentation or making arrangements by fax or email.

4. Lender Reviews Documentation
Once the documentation has been signed and the supporting documents have been received, everything gets sent back to the lender who will review everything and ensure it meets their standards.

5. Close Mortgage

Once the lender has approved the documentation sent in, they will forward instructions to the lawyer who will be closing the mortgage.
The lawyer will make arrangements for signing the final legal documents at his office and he will close the mortgage on the closing date.

Our Location


R.D.M. Financial Consultants

FSRA Licence #10716

440 Niagara St, Unit 6A

Welland, Ontario L3C1L5




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Not all Mortgage Brokers or Mortgage Agents are created equal. At Best Rate Financial you're a person, not a file, and our promise of service is second to none in the Canadian mortgage business. We're proud to be voted as one of the top Mortgage Brokers in the industry. We help make your dreams come true!

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