Reasons Why You Should Work With an Independent Mortgage Broker
If you’re in the market to buy a home, the first place you may think of when you need to obtain a mortgage is a big bank. While banks do offer mortgages, they are only able to offer limited options to clients in the form of their own home loans. Instead, mortgage brokers, like Verico, are able to offer borrowers many more options, since they deal with the banks as well as credit unions, financial trusts, private lenders and others. If you are new to Canada, self employed, have bruised credit or other especially circumstances that may lead a conventional bank from saying “no” to a mortgage application, you will have a better shot getting approved when you go through a mortgage broker.
You’re Protected
Ontario mortgage brokers have a specific goal to provide you with the best and unbiased advice about the mortgage you are looking for. They are obligated to recommend a suitable mortgage for your situation, and why that particular mortgage is right for you. Thus, while low mortgage interest rates are important, you must also understand the other terms and conditions that come with each home loan. Your best interests are always protected when you use the expertise of seasoned mortgage broker since they work for you – not the bank.
They’re Qualified
A lot goes into getting the right mortgage at the lowest possible rate. It’s not just a matter of looking for the best rate – a lot more needs to be looked at before signing on the dotted line. Mortgage agents are qualified to look into all the little details that are often stipulated in seemingly complex mortgage contracts, making it much more convenient to have a professional work things out on your behalf, and explain everything in terms you can understand. A mortgage agent can sit down with you, go through your finances – including your income, debts, financial goals, credit history, etc. to determine how much you can afford to spend on a mortgage and what you need to do to qualify for low rates. They can also help you plan how to pay off your mortgage quicker, or how to use the equity in your home to finance high interest debt.
It’s The Easiest Way to Shop Around
If you look for a mortgage on your own, you would have to go to different banks and lenders and fill out an application at each one. Having many credit inquiries on your record may hurt your credit score. With a mortgage broker, you fill out one application and they shop it over lenders all across Canada – getting the lenders to compete for your business.
They’re on Your Side
Ontario mortgage brokers don’t work for the bank or any other lender – they work for you. Not only can they save you thousands in interest with the ideal mortgage package, but they do it at no charge to you!
Go With Experience
When you’ve decided that it’s time to get into the real estate market, or you are looking to renew or refinance a mortgage, contact Marcelle Tiqui – a trusted and experienced mortgage agent specializing in mortgages Milton, Oakville, Burlington and Mississauga areas. Call Marcelle at (905) 208-7070 or visit http://www.marcelletiqui.com to learn more about her services. Your home is the biggest investment you will make. Be sure you are getting the best terms and rates by using a mortgage expert like Marcelle Tiqui.
Spring Real Estate Market | Home Loan Ontario
The spring has historically always been the best time to list and sell your home. The spring market of 2012 has been particularly hot in terms of the sale of properties. Homes have been selling rather quickly, and for top dollar, especially in more affluent and desired neighbourhoods. The Oakville and Burlington areas of southern Ontario are among those areas that are very healthy in the real estate sector. Many homes in these cities are selling extremely quickly, often within days of getting listed. These cities are great areas to invest in real estate, as the demand for homes in the area remains quite high. In addition, interest rates are still quite low, making this a great time to apply for a home loan in Ontario to buy property in the Oakville, Milton and Burlington areas.
Investing in Real Estate Now Can Afford You Great Returns in the Near Future
Buyers and sellers are both aware of the current healthy market condition in areas in Greater Toronto. Because of this, homes are generally being bought for close to asking price, if not full asking price. Selling prices of homes are up 11% in the Oakville-Burlington-Milton areas from February 2011, according to TREB stats.
Since the market is still pretty tight, higher price growth in homes will probably result. Even though prices are still climbing, houses are still within affordable ranges for many Canadians. From a mortgage loan perspective for income earnings in the average household, homes are still within comfortable price ranges.
By investing in a home now, you can realize quick profits from your investments in as little as a year. Based on the fact that interest rates are still very low, now is as good a time as ever to lock into a home loan in Ontario at a low interest rate and pay as little as possible towards the interest on your mortgage.
Work With a Professional Mortgage Agent
Regardless of whether you are shopping around for your first home, or you are looking to move out of your existing home, or even looking to refinance your present mortgage, your best bet is to work with a seasoned mortgage professional who is knowledgeable about mortgages in the area. Working with a mortgage agent can help save you a lot of money over the amortization or term of your mortgage period. Speaking with an independent mortgage broker will allow you to take advantage of the best interest rates out there, therefore saving you thousands of dollars in interest on your mortgage over the term.
Mortgage brokers have access to hundreds of lending products from lenders across Canada who have a variety of rates and packages that they offer to potential clients. Utilizing the services of a mortgage agent can help you track down the right lender who will offer you the lowest rate possible, and the best terms available for your home loan. You only need to fill out one application and they shop your Ontario mortgage package. Contact a professional agent like Lee Anne Taylor of Dominion Lending today and see how you can get approved for a low interest mortgage so you can successfully invest your money in the real estate market in Burlington and Oakville. Learn more about mortgages Milton, Oakville, Burlington and surrounding areas by visiting: www.homeloansontairo.ca.
A Mortgage Refinance Milton Process Can Help You Pay Your Debts Faster
There are many Canadians who find themselves with a lot of outstanding debt at high interest rates. With low or minimum payments, the accruing interest makes it very difficult to pay off credit cards and other high interest debts. If you are one of those individuals who finds it hard to keep up with monthly bill payments, then mortgage refinancing can be the answer for you. It can also help if you are looking to make a large purchase, do home renovations, pay for an education or other reasons.
What Is Mortgage Refinancing?
Mortgage refinancing refers to a process where your existing mortgage or mortgages are replaced with a new mortgage. This new mortgage will completely replace your previous mortgage(s), usually with a completely new set of terms and rate. If you are a resident of Milton, a mortgage refinance Milton will provide with a new amount of money to pay off your original mortgage(s) and any added debts that you are trying to consolidate.
What Are the Advantages to Refinancing?
Essentially, a mortgage refinance process can help you use the equity in your home to reduce your overall monthly payments and spend less on interest. Sometimes the current mortgage rate is much lower than the interest rate you locked into with your first mortgage. By refinancing, you can use your new mortgage at the lower rate to pay off the first mortgage, which will put more of your monthly payments toward your principal rather than your interest portion.
If you require extra funds to pay for large expenses, such as your child’s education tuition or home renovations, you can ‘cash out’ some of the equity in your home through a mortgage refinance process. You would refinance your mortgage for a higher principal amount in order to access the extra capital to pay for these expenses. You can also use these funds to pay off other high interest debts, such as credit cards, store cards or unsecured loans in order to relieve yourself of multiple monthly bills and payments. This usually results in better cash flow with lower monthly payments. You can use the extra cash to pay down your mortgage faster, or to put some savings on the side so you don’t fall into the borrowing trap again.
If you find yourself in stressful financial situations, consider refinancing your mortgage to help reduce your bills and pay them off faster. Consult with a professional mortgage agent, such as Lee Anne Taylor, and put some money back in your pocket. Mortgage agents are the most qualified professionals to negotiate the best mortgage package for you and to review your options. Even if you don’t want to borrow more money to consolidate debts, refinancing your mortgage can make sense if you can get a much lower interest rate, or if you want to try to pay your mortgage off faster. A certified mortgage professional can show you all your options and find you the best deal – at no cost to you.
A Mortgage Refinance Can Help You Pay Your Debts Faster
There are many Canadians out there who find themselves with a lot of outstanding debt at high interest rates that make it very difficult to pay off. If you are one of those individuals who finds it hard to keep up with monthly bill payments and impossible to save for retirement, or is in need of money for large expenses, then mortgage refinancing can be the answer for you.
What Is Mortgage Refinancing?
Mortgage refinancing refers to a process where your existing mortgage or mortgages are replaced with a new mortgage. This new mortgage will completely replace your previous mortgage(s), usually with a completely new set of terms and rate. If you are a resident of Milton, a mortgage refinance process will provide with a new amount of money to pay off your original mortgage on your Milton home. Chances are, you have been earning equity with Milton as one of the fastest growing cities in Canada, with house prices rising each year.
What Are the Advantages to Refinancing?
Essentially, a mortgage refinance can help you use the equity in your home to reduce your overall monthly payments and pay down higher interest debt. Sometimes the current interest rate is much lower than the interest rate you locked into with your first mortgage. By refinancing, you can use your new mortgage at the lower rate to pay off the first mortgage, which will put more of your monthly payments toward your principal rather than your interest portion. Being a secured loan, the interest rate will be considerably less than credit card or store card rates, which can run as high as 30%.
If you require extra funds to pay for large expenses, such as your child’s education tuition or home renovations, you can ‘cash out’ some of the equity in your home through a mortgage refinance process. You would refinance your mortgage for a higher principal amount in order to access the extra capital to pay for these expenses. You can also use these funds to pay off other high interest debts, such as credit card bills, in order to relieve yourself of multiple monthly bills and payments.
If you find yourself in stressful financial situations, consider refinancing your mortgage to help reduce your bills and pay them off faster. Consult with a professional mortgage agent, such as Lee Anne Taylor of Home Loans Ontario, and put some money back in your pocket. Mortgage agents are the most qualified professionals to negotiate the best mortgage package for you and explain all your options. Call her for a free assessment at (905) 336-8948.
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