What does a licensed mortgage associate do?

A licensed mortgage associate works under a mortgage brokerage, such as TMG The Mortgage Group, to support clients by reviewing financial information, preparing mortgage applications, and guiding them through the mortgage process. Associates act under the brokerage’s licensing and supervision.

Is it better to go to a bank or a mortgage brokerage?

A bank typically offers only its own mortgage products. A mortgage brokerage may provide access to multiple lenders and can help compare rates and options based on a client’s needs and qualification.

How does mortgage pre-approval work?

A mortgage pre-approval estimates the loan amount a borrower may qualify for based on income, debts, credit history, and down payment. It can also help borrowers understand potential payment ranges and conditions before shopping for a home.

What documents do I need for a mortgage?

Common documents include government ID, income documentation (such as paystubs or tax returns), a letter of employment (if applicable), proof of down payment, and details of current debts. Self-employed borrowers may require additional financial documents.

Do you charge for mortgage advice?

In many cases, mortgage advice is provided at no direct cost to the borrower because compensation is typically paid by the lender when a mortgage funds. Any exceptions should be discussed upfront.

Do you work with clients outside Saskatoon?

Mortgage services can often be provided virtually, including meetings and document collection, depending on the borrower’s location and the lender’s requirements.