Our Services
The Mortgage
Approval Process
What to Expect.
Securing a mortgage isn’t just about getting approved—it’s about making sure the mortgage aligns with your goals while keeping the process as smooth and stress-free as possible. Here’s how we guide you through each step:
Initial Consultation: First we listen to Understand Your Goals
This is where we start by discussing what’s most important to you. Whether you’re purchasing your first home, moving, refinancing, renewing or considering investment properties, we take the time to understand your short- and long-term financial goals to ensure your mortgage is the right fit. We also want to discuss various mortgage strategies that may help you achieve your goals. (check out our mortgage strategy page for additional details)
Mortgage Application: Laying the Foundation
- Income & employment information
- Down payment amount & source Assets and Liabilities
- Credit history & current debts
- Property details (if applicable)
- A well-structured application can open doors to better mortgage terms and options.
Document Collection: Making the Process Smoother
- Income verification (pay stubs, tax returns, T4s/T1s)
- Bank statements confirming your down payment
- Debt and liability details (credit card balances, loans, etc.)
- Purchase agreements (if buying a home)
Submitting documents early can help avoid last-minute stress, especially if you’re working with a tight timeline.
Application
Analysis
We review the following details:
- Down payment options - what works for you. A larger down payment may not always be the best option.
- Amortization period - we will review various amortization so you can see exactly what they look like in black and white
- Balance Sheet Analysis - How does this mortgage fit into your financial plan? Should you increase the mortgage to pay off high interest debt and potentially improve cash flow for long term investing.
- It is important to see various options so you can make an informed decision vs just being handed an approval.
Mortgage Submission: Finding the Right Fit
- Major banks
- Credit unions
- Monoline lenders (non-bank mortgage lenders)
- Why this matters: Every lender has different approval criteria, interest rates, and penalty structures. We ensure you’re getting the best combination—not just the lowest rate, but the mortgage that works for you.
Mortgage Submission: Finding the Right Fit
A mortgage pre-approval gives you clarity on:
- Your maximum affordability—so you’re looking at homes within your budget and comfort zone
- Your rate hold—protecting you from potential rate increases.
- What’s needed for final approval—so there are no surprises later.
- Pro Tip: Pre-approvals are not guarantees of final approval, but they give you a strong foundation when making an offer.
Accepted Offer: Securing Your Mortgage Terms
Once you’ve found the right home and your offer is accepted, we finalize your mortgage details:
- Choosing between fixed or variable rates based on market trends.
- Selecting the right term length and amortization.
- Reviewing any lender conditions before final approval.
This is also when we ensure you understand penalty structures, prepayment options, and porting features so you’re fully informed before signing.
Final Approval And Closing: Making It Official
- Sign the mortgage commitment and remove financing subject clause
- Work with your lawyer to finalize legal documents
- Ensure your down payment and closing costs are ready
- Your mortgage is now in place, and you’re set for homeownership!
A mortgage isn’t just a transaction—it’s a key financial decision that affects your long-term security. By taking the time to structure it correctly, you can:
- Avoid costly mistakes
- Keep future financial options open
- Align your mortgage with your investment & wealth-building goals
The Mortgage Approval Process: What to Expect
Getting a mortgage isn’t just about approval—it’s about finding the right mortgage for your goals. At Crestview Mortgage Services, we guide you through a seamless, stress-free process. Here’s what to expect:
The Mortgage Approval Process: What to Expect
Mortgage Application: Setting the Foundation
Document Collection: Speeding Up Approval
- Income verification (pay stubs, tax returns)
- Bank statements for your down payment
- Debt and liability details
Application Analysis: Strategy & Smart Choices
- Down payment options – Is bigger always better?
- Amortization periods – How does changing this impact your monthly payments?
- Debt consolidation – Can your mortgage improve your cash flow?
Mortgage Submission: Finding the Best Fit
- Major banks
- Credit unions
- Specialized lenders
Pre Approval: Know Your Numbers
- A budget to shop confidently
- A rate hold to protect against increases
- A checklist of what’s needed for final approval
Accepted Offer: Locking In Your Terms
- Fixed vs. variable rates
- Term length & amortization
- Lender conditions for final approval
Final Approval & Closing: Making It Official
- Sign mortgage documents
- Work with your lawyer to finalize legal paperwork
- Prepare your down payment & closing costs
A mortgage isn’t just a loan—it’s a key financial tool. Done right, it can help you: Avoid costly mistakes Keep future financial options open Align with your investment & wealth-building goals
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