Buying a home is exciting, but rushing into a loan can cost you thousands. Here are the most common mistakes we see:
Not comparing lenders — Many borrowers stick to one bank, missing better deals elsewhere.
Borrowing too much — Without understanding long-term impacts on cash flow.
Ignoring loan structure — Fixed vs variable, interest-only vs principal & interest—these choices matter.
Poor documentation — Incomplete or incorrect financials can lead to rejection.
A good broker helps you navigate all of this. We ask the right questions upfront and ensure your loan isn’t just approved, but structured in a way that serves your future.
Many buyers also underestimate settlement timelines, approval expiry dates, and the impact of credit inquiries. Your broker keeps track of these key milestones and avoids pitfalls that can derail your property plans. And when markets shift, having a broker means you have someone ready to rework your strategy without having to start over.
