The FreeSolar Guarantee
Free Solar On Your Next Home Or We'll Sell Your Home Fee Free!
Get A Free All In One Home, Solar And Mortgage Assessment
The Only Home, Solar And Mortgage 3 In 1 Property Assessment!
Frequently Asked Questions
Free Solar On Your Next Home Or We'll Sell Your Home Fee Free!
What Is FreeSolar?
FreeSolar is a real estate group consisting of Ontario licensed real estate brokers.
How Can FreeSolar Afford To Give Solar Panels To Every Homebuyer?
FreeSolar is funded by real estate commissions, all fully disclosed prior to making any commitments. To qualify for the FreeSolar Guarantee, you must purchase a property that is more expensive than your current home. FreeSolar is paid by the co-operating brokerage and uses that funding to pay for the solar installation. FreeSolar will utilize any incentives and grants offered by the province of Ontario or the Government of Canada.
FreeSolar Guarantee Rules and Limitations
To qualify for the FreeSolar Guarantee, You must purchase a home in Ontario and obtain a mortgage on that home with a FreeSolar affiliated realtor and mortgage agent. You must be upgrading-upsizing your home and the new mortgage must be for at least 70% of the purchase price. If FreeSolar cannot obtain the necessary permits to install rooftop solar on your property, then FreeSolar will sell your home fee free. FreeSolar will not take a fee and still provide the full MLS experience.
What Size Will The Solar Array Be?
It will be up to 10-kW which consists of approximately a maximum of 20-25 solar panels. It is up to the homeowner to ensure that the roof is able to handle the structural load of solar panels and that the electrical panel can handle the electric load of solar.
What Areas Do You Serve?
At the moment, we are licensed in all of Ontario.
How Can I Contact An Agent?
Call us at 416-508-5888 , Email us at Hello@FreeSolar.Ca Or Fill out the form and we’ll contact you as soon as possible.
Can You Help With Investment Properties?
Yes our agents are well versed in investment properties as well as installing solar on commercial properties throughout the province.
How Do I Schedule A Property Viewing?
Call us at 416-508-5888 or email us at Hello@FreeSolar.Ca and we will help you schedule a property showing.
Can I Get A Free Home Valuation?
Absolutely. Let us know more information about the property and we will prepare a complimentary 3 in 1 Real Estate, Solar and Mortgage Assessment for you.
How Do I Get Notified About New Listings?
Contact FreeSolar and we’ll prepare a customized notification exclusively for you so you’ll be the first to know when a home hits the market.
Can I Speak Directly With An Agent Today?
Absolutely. Call us at 416-508-5888 or email us at Hello@FreeSolar.Ca to talk to an agent right away.
What Does A Mortgage Broker Do?
A mortgage broker is a licensed professional who acts as a middleman between homebuyers or homeowners and mortgage lenders. They assess your financial situation, compare mortgage products from multiple lenders, recommend suitable loan options, and help you complete and submit the application. By shopping around on your behalf and guiding you through the approval process, a mortgage broker can save you time and potentially help you find better rates or terms than you might find on your own.
Why Should I Use A Mortgage Broker Instead Of Going Directly To A Bank?
Using a mortgage broker instead of going directly to a bank can give you access to a wider range of mortgage options because brokers work with multiple lenders rather than just one institution. They compare rates, terms, and lending criteria on your behalf, helping you find a mortgage that best fits your financial situation. A mortgage broker can also save you time, provide expert guidance throughout the application process, and may be able to secure more competitive rates or solutions for borrowers with unique circumstances.
How Much Does It Cost To Use A Mortgage Broker?
In many cases, using a mortgage broker costs the borrower nothing because the broker is paid a commission by the lender when the mortgage is funded. However, some brokers may charge a fee for certain situations, such as private mortgages, commercial loans, or borrowers with unique financing needs. A reputable mortgage broker will clearly explain any fees upfront, so you understand the costs before proceeding.
How Does The Mortgage Application Process Work?
The mortgage application process typically begins with a mortgage broker or lender reviewing your financial information, including your income, employment, credit history, debts, and down payment. Based on this assessment, they help you choose a suitable mortgage and submit an application to a lender. The lender then evaluates your application through an underwriting process, which may involve verifying documents and assessing the property's value. If approved, you receive a mortgage commitment outlining the terms and conditions, and the mortgage is finalized when the home purchase closes.
How Long Does Mortgage Approval Take?
Mortgage approval timelines can vary depending on the lender, your financial situation, and how quickly required documents are provided. In many cases, a mortgage approval can take anywhere from a few days to a few weeks. Pre-approvals are often completed within 24 to 72 hours, while a full mortgage approval after submitting all documentation typically takes one to three weeks. Working with a mortgage broker can help streamline the process by ensuring your application is complete and submitted to the most suitable lenders.
What Documents Do I Need To Apply For A Mortgage?
To apply for a mortgage, you will typically need documents that verify your identity, income, employment, assets, and debts. Common requirements include government-issued photo identification, recent pay stubs, employment letters, T4 slips or tax returns (for self-employed applicants), bank statements, proof of down payment, and details of any existing loans or financial obligations. The exact documents required may vary by lender, but providing complete and accurate information helps ensure a smoother and faster approval process.
Can I Lock In A Rate?
Yes, many lenders offer a rate hold or rate lock, which allows you to secure a specific mortgage interest rate for a set period, typically between 60 and 120 days. This can protect you from interest rate increases while you search for a home or complete the mortgage approval process. If rates decrease during the rate hold period, some lenders may allow you to access the lower rate, depending on their policies. A mortgage broker can help you compare lenders and find the best rate-lock options available.
Note Before starting the installation process, the homeowner must ensure that the property meets the minimum installation standards.
It is up to the property owner to make sure the property meets the minimum installation standards for a rooftop solar panel system.
YYZ Realty Limited Brokerage
