Who Handles What in Your Home Purchase
Buying a home involves a few key professionals working together. Here’s a simple breakdown of who does what—so you always know who to go to.
What I Handle (Your Mortgage Broker)
I take care of everything related to your financing.
This includes:
- Reviewing your income, credit, and down payment
- Recommending the best mortgage options for your situation
- Securing your approval with a lender
- Structuring your mortgage (rates, terms, payment strategy)
- Coordinating with the lender, realtor, and lawyer
- Managing timelines to make sure your financing completes on time
Down Payment (Important):
- I verify that your down payment exists and meets lender requirements
- I confirm the source is acceptable (savings, gift, sale of property, etc.)
- I guide you on what documentation is needed
Down payment issues are one of the most common reasons deals get delayed or declined—I make sure this is handled correctly from the start.
I make sure your down payment will be approved.
When to contact me:
Anything related to money, financing, or strategy—before or after your offer.
If you’re unsure who to ask, start with me. I’ll point you in the right direction.
What Your Realtor Handles
Your realtor is responsible for the property and the negotiation process.
This includes:
- Helping you find the right home
- Advising on market value and offer strategy
- Writing and submitting your offer
- Negotiating price, conditions, and dates
- Coordinating inspections and subject removal
- Guiding you through possession
When to contact them:
Questions about the property, the offer, or the local market.
What Your Lawyer (or Notary) Handles
Your lawyer handles the legal transfer of the property and funds.
This includes:
- Reviewing the purchase contract and title
- Handling the transfer of ownership
- Receiving mortgage funds from the lender
- Paying the seller and closing costs
- Registering your mortgage on title
- Arranging title insurance (required by your lender)
Down Payment (How It’s Sent):
- Your lawyer will receive and transfer your down payment funds
- They will give you exact instructions on how to send the money (bank draft, wire, etc.)
- They ensure all funds are properly handled for closingThey handle the movement of money—you don’t send funds directly to the seller.
Costs to expect:
- Legal fees and disbursements
- Title insurance (typically around $300, paid once, no renewal)
When to contact them:
Questions about closing, legal documents, or signing appointments.
How It All Comes Together
- Your realtor helps you secure the home
- I ensure your financing and down payment are approved and ready
- Your lawyer completes the legal transfer and handles the funds
All three roles work together—but I stay involved throughout to make sure everything stays on track.
The Simple Rule
If you’re ever unsure who to ask…
Start with me. It’s my job to guide you through the entire process and make sure nothing falls through the cracks.
Hi, I’m Jill, your mortgage pro. I am here to make the world of mortgages less confusing so you can feel confident in your financial decisions. Through my blog, I aim to provide you with the knowledge and guidance you need to make informed decisions. Your financial peace of mind is my top priority.
