• How well do you know
    your mortgage options?

    Take a quick Quiz!


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  • What Percentage Down Payment is required to Purchase a Home?


    A.5%
    B.10%
    C.20%

  • The correct answer is A


    A minimum of a 5% Down Payment is required to purchase a home in Canada.

  • What is the Maximum time for your Mortgage Payout contract?


    A.40 years
    B.25 years
    C.35 years

  • The correct answer is C


    You may pay out your mortgage over 35 Years in Canada. There are a number of payout terms available, please ask your Signature Service Mortgage Professional for more details.

  • What % of your income(before taxes) can be used for housing costs when qualifying for a mortgage?


    A.42%
    B.32%
    C.44%

  • The correct answer is B


    32% of your regular income before taxes can be used towards housing costs when qualifying for a Mortgage.

  • What is your cost to use a Signature Service Financial Mortgage Professional to arrange financing for your home?


    A.Flat Fee
    B.2%
    C.Nothing, Zilch, Nada...

  • The correct answer is C


    That's right, there is no charge to you for using a Signature Service Financial Mortgage Professional.

  • So, how do Signature Service Financial Mortgage Professionals get paid?


    A.Paid Commission by the Lender(bank) that the mortgage is placed through
    B.Paid by the Home Purchaser
    C.Paid by the Brokerage Company

  • The correct answer is A


    The lender pays the Mortgage Professional a commission to place your business on their books.

  • What is a Signature Service Financial Mortgage Professional's main objective?


    A.Satisfying the lender
    B.Doing whatever it takes to arrange the best package to meet your needs
    C.Working 9 to 5

  • The correct answer is B


    At Signature Service Financial, we want to make sure that your needs are met. Life isn't limited to 9 to 5, so nor are we. We will work on your behalf to find the best lender and options. We won't stop until you are satisfied.
  • Thank you for taking our quiz.

    To find out more, contact us today.