FAQ’s

WHO DO I CONTACT FOR INFORMATION AND QUESTIONS ON USING SAVERS MORTGAGE?

If you have any inquiries prior to completing the online application, please call (416) 493-1983, 9am-9pm 7 days a week. Our highly trained, friendly mortgage underwriters will be glad to assist you.

AFTER I APPLY FOR A MORTGAGE, WHAT SHOULD I EXPECT?

Great service! Once your mortgage application is received you will receive notification from Savers Mortgage that your application was received and approval is in process.

DOES SAVERS MORTGAGE HELP APPLICANTS IN POWER OF SALE?

YES! We can provide mortgage help to applicants in power of sale based solely on the equity in their home (equity is the difference between the property value less the mortgage amounts).

IS THERE A COST TO SUBMITTING A MORTGAGE APPLICATION?

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 an appraiser after our underwriting department has reviewed your application, obtained a preliminary mortgage approval and has reviewed them with you for your approval.

HOW QUICKLY WILL MY MORTGAGE APPLICATION BE APPROVED?

Once your application has been submitted it will be reviewed by our experienced underwriting department usually the same day and subject to the completeness and accuracy of the application a preliminary approval usually occurs within 24-48 hours.

DOES SAVERS MORTGAGE HAVE PROGRAMS FOR MORTGAGE APPLICANTS WHO HAVE BEEN TURNED DOWN ELSEWHERE DUE TO INCOME, CREDIT, LENGTH OF TIME ON THE JOB, BEING A NEW RESIDENT, PAST BANKRUPT, SELF-EMPLOYED, ON COMMISSION, DIVORCED OR FOR OTHER REASONS?

Absolutely, for over 30 years Saver’s Mortgage has arranged mortgage funds for thousands of home buyers and existing home owners who required mortgages strictly on the sufficient equity in their homes.