Online Mortgage Application​​​​​​​​​

Our online Mortgage Application is simple, quick and your first step to mortgage financing.

Our application will save you the time, effort and money spent shopping for your best rate, leave that to us

Providing you with proficient market navigation is our most essential service. We've helped thousands of Canadians mortgage for less, we'd be happy to help you.

There are a variety of steps to receive mortgage financing, most of which include our work of assessing, calculating, advising, guiding and closing your mortgage move.

Your first and simple step is filling out the mortgage application below.

Professional assessment by a mortgage specialist

Personalized to your financial goals and needs

We email your qualifying rate to you

Simple and quick form submission

Free  service and with no obligation

Answering any and all of your mortgage questions

Our Mortgage Application


At any point you may submit the application after you input the essential information on the first page. There are several dozen submission fields, not all are applicable to your situation or application. 


If there is any information that you'd prefer to disclose and provide in person or through other means of contact, feel free to leave the information blank and continue or submit the application.


How getting a mortgage works

Fill out our simple online application

Our online application is simple and easy. You just need to fill out the essential information, anything omitted can be obtained through consultation and/or preferred communication.

We receive your submitted application

Through a secure email, we receive your submitted mortgage application and provided information. We prepare and provide your file to one of our qualified mortgage professionals. One of our mortgage brokers will be in contact with you as soon as possible.

We analyze and assess your information

Using the submitted information you provide, we analyze your financial situation and assess an appropriate mortgage and lender for your financial needs.

We pull one credit report, which can be used for multiple lenders. This saves you from negatively impacting your credit score by pulling many credit reports when shopping around for a lender without a mortgage broker.

We make a calculated decision

We calculate your GDS (Gross Domestic Service) and TDS (Total Debt Service) ratios using the financial information you provide.

We determine the LTV (Loan-to-Value) of the property you wish to mortgage to determine the maximum loan amount that you can be approved for based on the value of the subject property.

Using the calculated GDS, TDS and LTV ratios we figure out which lenders and mortgages you qualify for.

We do your mortgage and rate shopping

Upon determining what you qualify for, we shop for your best lending rate and the most appropriate product for your financial needs and future goals. We save you the hassle and effort of shopping around for a lender. 

Our mortgage professionals navigate the mortgage market for a living, shopping for the best mortgage and rate is second nature.

Because we deal in millions of dollars of mortgages, lenders provide us benefits that we pass unto you to get a competitive rate, better terms on your mortgage and more savings.

We email you mortgage options

We prepare and send an email with a variety of suitable lenders and the rates that you qualify for. One of our mortgage professionals will contact you to discuss and advise upon a mortgage and lender for your financial needs.

We customize your mortgage

Before submitting your application to a chosen lender we will determine your future financial goals. Considering both your finances and future goals our mortgage professional will customize your mortgage with a variety of prepayment, repayment and borrowing options.

We collect required documents and information

There are a variety of required documents to properly submit your application to a lender. At this point we collect any outstanding information to proficiently compile and file your application to a lender for approval.

We prepare and submit your application to a lender

We prepare your application and optimize it for approval. We submit the completed mortgage application with all your information and documents to a lender and standby for approval.

You get approved for a mortgage

You get approved by the lender for your desired mortgage. We notify you and begin the process of closing the mortgage deal for funding.

We present you with a borrower disclosure

Upon being approved for mortgage funding and before signing the commitment letter we legally disclose essential information regarding your mortgage.

You sign the provided commitment letter

Supplied by the lender, we provide you with the lender's commitment letter. After reviewing and understanding the legal agreement, you sign and agree to meet and follow the conditions of your mortgage.

Meet the conditions of commitment letter

Before you receive funding you must meet all the conditions of your mortgage agreement. Upon meeting these conditions your loan will be released to you.

Receive your mortgage financing

Your lawyer or one provided by a lender will perform a variety of tasks. Upon completion of the legal requirements and functions the lawyer will contact your lender to confirm funding. The lender will deposit the funds into your lawyer's trust account once the conditions of the commitment letter are met. The lawyer will disperse the funds appropriately.

Repay your mortgage

Mortgages are essential for big financial steps and your repayment is the key way to get the most value out of your mortgage. If you strategically reduce the principal of your mortgage you can save thousands of dollars over its lifetime.

We offer mortgage repayment strategies

Throughout the repayment of your mortgage we offer a continued service of personal advice and online guides on strategically tackling the principal balance of your mortgage loan.

We provide industry news and rate updates

We provide and maintain a variety of essential and helpful monthly newsletters that inform our subscribers about industry news and lending rate updates. Essential for anyone with a variable rate mortgage.

We offer a continued service of advice

Even after closing, we'll remain on standby to answer and advise on any future mortgage inquiry, question or situation. That's essentially the advantage to having your own mortgage consultant.

VERICO MORTGAGE FOR LESS CORP.

120 Eglinton Avenue East, Suite 500 TorontoON M4P 1E2 Canada

Phone: (416) 699-1010

Fax: 1-855-221-2154

Toll Free: 1-888-448-2222

Email: info@mortgageforless.com

Ontario Mortgage Broker License number 11125

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All Rights Reserved.