A pre-approval is an educated estimate of what you can afford to borrow for a home, and what your monthly payments would be. We'll walk you through pre-approval and show you what's within your reach. We have the privilege of working with different lenders who offer some of the most competitive rates and terms.
By working with us for your home purchase or mortgage renewal, we can save you substantial amounts of money over the lifetime of your mortgage. Refinancing can be a great option to pull out equity for consolidating debt, home improvements, investment, university expenses, and more. Interested in a possible refinance?
By working with us for your home purchase or mortgage renewal, we can save you substantial amounts of money over the lifetime of your mortgage. Refinancing can be a great option to pull out equity for consolidating debt, home improvements, investment, university expenses, and more. Interested in a possible refinance?
Services
A home is the most significant purchase most people will make in their lifetime. At Travelbea & Associates, our focus is on finding you a range of financing options that will suit your unique situation. With the variety of innovative products and programs available today from financial institutions, it's an advantage to have somebody shopping around on your behalf to match you up with the best solution.
Pre-approval is Step One in the home buying process. It's smart to get pre-approved before you start shopping so you have a clear impression of what you can spend. Essentially, a pre-approval is an educated estimate-factoring in your financial snapshot along with lender and insurer criteria-of what you can afford to borrow for a home, and what your monthly payments would be.
The choice between fixed or variable rate mortgages will depend on your tolerance for risk as well as your ability to manage possible increases in mortgage payments. A fixed rate mortgage is appealing for those who value stability and consistency-for example, anyone on a tight monthly budget who wants to anticipate their monthly costs long-term.
Your credit report is a listing of all of your mortgage and consumer debt. In Canada, the two main reporting agencies are TransUnion and Equifax. Whenever you apply for credit or make a payment on a loan or credit account, the lender reports information about the transaction to these two agencies. The credit score, or beacon score, is a number from 300-900 (higher is better) which gives financial institutions an idea of your lending risk.
Longer term mortgages may appeal to people who desire consistency and want to feel secure about making their payments comfortably for the foreseeable future (for example, ten years). This can also be valuable for those buying for investment purposes, as you can more accurately project future earnings from the property.
Reviews (10)
Luke Elliott
Nov 16, 2021
Report
I just got off of my first call with Scott (Haven't purchased through them yet). Scott was incredibly well informed and made me feel heard and completely comfortable during the entire process. I was referred through a friend and have 0 qualms with referring others to DLC Travelbea & Associates in the Future. Thanks Scott and Joanna!
James Mulvey
Oct 25, 2021
Report
Scott and his team and absolute professionals, can't recommend more highly. I've gone to Scott for 3 mortgages over the course of the last decade and he is a true expert, saving us thousands and thousands of dollars with his advice. He quickly helped us fix a last minute unforseen issue on our last deal, making sure we got our dream house that we could have lost if we didn't go with a broker. I can't imagine getting a mortgage with his advice! Scott goes far beyond just getting you a mortgage and a good rate. His expertise has guided me many times and helped me see the bigger picture for how we
Liam Fast
May 26, 2021
Report
Scott Humphreys
Apr 27, 2021
Report
Scott and Kelsey truly went above and beyond with our recent refinancing of two of our rental properties and an additional new purchase all within the course of a couple months during one of the most active real estate markets on record. Their scheduling was on point, they were always available when we needed to bounce ideas off them, and when it came to closings everything was completed on time and with ease. We couldn't be happier with our experience with Scott and his team and would highly recommend them going forward.
Brian Ogilvie
Dec 14, 2020
Report
Holdaway Joel
Aug 28, 2020
Report
Unless you know mortgages inside out, Scott is an essential tool! If you want to sign a great mortgage stress-free, Scott can make it happen. If you want to talk at length about every mortgage detail and how the industry works, Scott can do that too (cross-referencing his statements only proved he knew what he was talking about). Simply put - a knowledgeable professional, leading a great operation, and selling an excellent product.
Tamara Bush
Jan 16, 2020
Report
I have worked with Scott Travelbea and his team on numerous mortgage transactions for well over a decade and will continue to use them on all future deals.
Such a great team of knowledgable brokers who are lovely to interact with and have an ability to explain things simply and effectively. They have come up with creative solutions and can provide a variety of options to ensure that I am selecting the best choice for my needs.
I have recommended Travelbea & Associates to a number of friends, family members and colleagues and am always happy to hear about their positive experiences.
Such a great team of knowledgable brokers who are lovely to interact with and have an ability to explain things simply and effectively. They have come up with creative solutions and can provide a variety of options to ensure that I am selecting the best choice for my needs.
I have recommended Travelbea & Associates to a number of friends, family members and colleagues and am always happy to hear about their positive experiences.
Kj
Jan 30, 2019
Report
I don't normally post reviews, but I feel I must. Scott and his team have helped us with a couple mortgages over the years. Just when you think things aren't possible, Scott finds a way! Everything was laid out simply for us to understand, every question I asked was answered in a timely manner, and he made everything just way too easy for us! Scott, and team, thank you for all your help, and I will recommend Travelbea and associates to anyone I know!
Rex Heslop
Aug 22, 2018
Report
Scott was the broker we should have gone through when we first bought our house.
We came upon Scott and his office through a recommendation from a friend who said he was the best. He didn’t let us down.
We took on a difficult situation with many moving parts and Scott and his team were able to find us the best solution on time, without hassle and was communicative and reassuring throughout the entire process.
It becomes clear once you sit with him that he genuinely cares about your needs and is very detailed in his approach. He made it all very simple, easy to understand and was on top of
We came upon Scott and his office through a recommendation from a friend who said he was the best. He didn’t let us down.
We took on a difficult situation with many moving parts and Scott and his team were able to find us the best solution on time, without hassle and was communicative and reassuring throughout the entire process.
It becomes clear once you sit with him that he genuinely cares about your needs and is very detailed in his approach. He made it all very simple, easy to understand and was on top of
Stef Bc Girl
Jul 28, 2017
Report
Travelbea & Associates are exceptional and have been my go to for all my mortgage needs over the years. Also I have worked in the real estate industry and have always known Scott to work with integrity and honourable commitment to his clients. I highly recommend, hands down best mortgage broker in town.
