Key terms.
Mortgage
A home loan
Broker
An expert who acts between you and the lender
Lender
The institution that provides the money
Pre-approval
Seeing your approximate buying power before starting the process
Refinance
Restructuring your existing mortgage
Renewal
Getting a new offer for an expiring mortgage
Debt consolidation
Making different debt payments more manageable
Amortization
The total repayment period
Term
The rate period
Fixed rate
A rate that doesn't change
Variable rate
Can change with the market
Commitment
Written lender conditions
Your roadmap.
New Mortgage
Budget → pre-approval → purchase option
Renew / Switch
Current offer → comparison → decision
Refinance
Property equity → options → funding plan
Is Real Mortgage Associates a bank?
No. It helps you find the right path in the mortgage process.
Is pre-approval final?
No. Final approval comes with written lender conditions.
Is the lowest rate for everyone?
No. Income, credit, and down payment are decisive.
Are there fees?
If any, they are disclosed in writing before the commitment.
This is general information; it does not replace a personal assessment.