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Reasons Why You Should Work With an Independent Mortgage Broker

Posted by Ontario on October 29, 2015 in Business, Finance, Oakville Ontario Services with No Comments

Independent Mortgage BrokerIf 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.

Mortgage Broker BurlingtonThey’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.


Mortgage Brokers that Work for You

Posted by samanthas on July 26, 2012 in Home Living Tips with No Comments

As an integral part of the Toronto Megacity, Etobicoke is an affordable solution to living in the city without the high costs of Toronto living. Etobicoke is ideal for those who hate long commutes to work but want to enjoy affordable city living. Finding the right house with the best mortgage rates can be a difficult task but there are professionals who are ready and able to assist you with obtaining a home.

Mortgage Medics is a group of Ontario mortgage brokers and agents that assists individuals with finding the best solutions for their borrowing needs. Since they work independently from the banks, Mortgage Medics is dedicated to helping you find the rate you want without pressure from the banks. Whether you are looking for a first time mortgage, a new home, a second mortgage, mortgage refinancing, or renewal, the agents can assist you with your home financing.

The experts at Mortgage Medics can offer you a free consultation to assess your current financial situation. The next step is to get pre-qualified for a loan before you start shopping. This can help your home shopping by offering you a better understanding of what you can afford and leaves you able to make offers with confidence that the money is there for you. You will also be aware of your monthly costs and closing fees.

The professional mortgage agents at Mortgage Medics have access to the major banks, private financers, lending and trust companies, and credit unions through Dominion Lending Centers, so they can offer you’re a breadth of options. They can help you determine whether a fixed or variable rate is right for you and offer their solutions to your financing problems.

Don’t waste time struggling with the banks and still not get the best rates. Professionals are out there to assist you with understanding the entire process of borrowing and help you get low rates.  Lower mortgage rates means lower payments with more money left over for the things you wish to accomplish. Whether you want to travel, invest more money in your home through renovations, save for the future with your RRSP’s or pay off debt, an  Etobicoke mortgage agent can help you on your way to finding the best rates that will enable you to live comfortably.

Mortgage Medics even make house calls!  Call them today to set up a free and confidential evaluation to get pre approved for a mortgage, to renew a mortgage, consolidate debts or arrange for a home equity line of credit.  Call (289) 837-1518 for the quick response Mortgage Medics team!