Benjamin Skerrett

00 min 56 sec

Securing mortgage approval requires a meticulous 90-day paper trail for your down payment. Federal anti-money laundering regulations demand complete traceability for all deposits and transfers. Understand that lenders need to verify the source of funds, so avoid unnecessary account movements and cash deposits. Presenting clear, documented financial history will expedite your mortgage approval process.

01 min 37 sec

Understand the crucial distinction between mortgage pre-qualification and pre-approval with expert Ben Skerrett. Pre-qualification offers a preliminary borrowing estimate, while pre-approval involves thorough document review and credit checks for a more accurate assessment. This professional guidance ensures homebuyers are well-informed, addressing potential credit issues upfront for a seamless closing process.

00 min 48 sec

Understand the critical role of debt ratios and credit scores in mortgage approval. This video breaks down GDS and TDS, explaining how lenders evaluate your financial capacity. Learn how to maintain a strong credit profile by avoiding missed payments, managing balances, and limiting new credit inquiries to secure your homeownership dreams.

00 min 39 sec

Understand the key differences between standard and collateral charge mortgages with Ben Skerritt, Mortgage Agent at True North Mortgage. Learn how a standard charge is registered only for the borrowed amount, while a collateral charge offers greater flexibility and potential for future borrowing without costly refinancing. This professional explanation highlights the long-term advantages for homeowners seeking financial agility.

00 min 58 sec

Mortgage Agent Ben Skerritt clarifies the distinctions between insured, insurable, and uninsured mortgages. Learn how down payment size and insurer eligibility impact interest rates and lender protection. This professional overview helps homeowners understand their mortgage options and the implications of refinance rules for optimal financial planning.

00 min 33 sec

Mortgage Agent Ben Skerritt shares crucial advice to prevent common pitfalls that can delay or result in mortgage application declines. He strongly advises against applying for new credit, changing jobs, co-signing loans, or making large, unexplained financial transactions during the approval process. Understanding these key financial decisions is vital for a smooth mortgage journey.

00 min 51 sec

Discover how mortgage brokers, like Ben Skerrett, can secure significant savings, often thousands of dollars, by accessing a broader spectrum of lenders and products than traditional banks. This professional guidance focuses on tailoring mortgages to your unique financial goals and aspirations, prioritizing long-term flexibility over just the lowest immediate rate. Learn how a broker's expertise can optimize your mortgage strategy for future success.

00 min 42 sec

Discover the key differences between monoline lenders and big banks for your mortgage needs. Mortgage Agent Ben Skerrett clarifies how monoline lenders offer specialized flexibility and competitive rates, while big banks provide broader services but may have stricter early termination penalties. Learn how leveraging both can expand your mortgage options for a better financial fit.