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Financing Your Vaughan Home

Many Canadians have dreams of someday owning their own home. Owning a piece of real estate has long been a means of building wealth and financial security. Building equity in real estate is one of the best and fastest ways of building such wealth and securing your future.

If you are looking to purchase a home in the Greater Toronto, Ontario area, it pays to get pre-approved before you start to shop for your home.  If you have already bought a home in Vaughan or elsewhere, you’ll most likely need a mortgage in order to finance your new investment. Rather than automatically looking to your bank or other major lending institution, you might want to consider using an independent mortgage broker instead.

Mortgage agents, like those with MortgageMedics, are highly specialized in obtaining mortgages that are customized to the borrowers financial situation.  Mortgage Medics serve all areas of the GTA and Southern Ontario, and have helped many homebuyers get the mortgage they need in cities all over the province. The services of an independent mortgage agent, as opposed to those of a big bank, are much more customized and personal.

Many times big banks are looking out for their own best interests, and are only able to offer borrowers a narrow line of mortgages, rates and loan packages. On the other hand, independent mortgage brokers work for you, the borrower, and act accordingly. Their best interests lie with getting the lowest loan rate possible, as well as the most tailored and convenient mortgage terms and conditions suitable for your needs.  You only fill out one application form and they shop it over lenders all across Canada.  Best of all, there is no charge for their service!

If you are in need of a mortgage Vaughan, look no further than Peter Abbatangelo with MortgageMedics.ca. He will sit down with you and give you his informed and unbiased opinion and advice about the mortgage you need to buy the home of your dreams. Peter is in the business of getting a borrower any type of mortgage – whether first, second, pre-approved or even a refinance. Call him today for a no obligation confidential consultation, and let him help you get the best mortgage package at the lowest rate available.  Visit www.mortgagemedics.ca for more information or call (905) 847-6611 for a free and confidential evaluation.

Many Canadians have a desire to ultimately own their own home one day. Owning a piece of real estate is a great way to build wealth and security for you and your family. It’s also a great way to invest your capital into something that will increase in value. Vaughan is a wonderful community to reside in, considering all the amenities for families and businesses. In order to buy a home in the city, you will most likely need a mortgage Vaughan.

Sometimes trying to find the best mortgage package and rate for your specific needs and budget can be quite difficult and downright frustrating. Often, going to your own bank will leave you with limited options, as they will most likely only offer you one rate and a limited range of conditions.

The fact of the matter is, there is a wide selection of mortgage products available for consumers, which translates into lots of choices and getting a great value loan. In order to find the best mortgage package for you, a lot of leg work, time and energy are necessary. You could be spending hours or days going from one lender to another trying to find the best mortgage for your needs.

Getting a mortgage broker to work on your behalf to do all the shopping around for you is your best bet. Rather than spending your own time looking for the perfect mortgage package, an independent mortgage agent will do the leg work for you. With a mortgage broker, all you have to do is fill out one application form, rather than filling one out for each lender that you visit.  This means only one credit report is pulled – since pulling multiple ones can have a negative effect on your mortgage credit score.

Your mortgage broker will sit down with you and gather all the pertinent information about your financial situation, after which they will shop around for the perfect package for you. They have access to hundreds of different lenders, with which they have built relationships. If you have certain financial needs that will affect your mortgage approval, such as poor credit, they will know exactly which lender to approach who will give you the best mortgage to suit your situation.

Independent mortgage agents work for you – not the banks or lenders – so you can be sure that you are getting unbiased opinions and service when looking for the perfect mortgage package for your situation. You won’t have to worry about all the financial jargon that is often associated with mortgage packages. Your mortgage broker will walk you through the entire process, and explain all the vital information about your mortgage that you need to know to buy a home in Vaughan that is within your budget.

Since experienced mortgage brokers are in constant contact with so many different lenders, they are familiar with what each lender has to offer, and what lending criteria they use. As such, the approval process is often much quicker than with traditional banks and financial institutions. Mortgage brokers will understand every detail of your financial needs, and will approach those lenders that are willing to work with a particular client.

As if all these points weren’t enough reason to have a mortgage broker work on your behalf, consider the fact that you won’t have to pay them a cent for their services! Mortgage brokers are generally paid by the lender, which means you can reap all the benefits of the services of a mortgage broker, all without having to pay a thing!  They have your best interests at heart, and can offer you unbiased, expert advice.

Get in touch with a reputable mortgage broker today, like Peter Abbatangelo from MortgageMedics.ca, and see what they can do for you.  Call Mortgage Medics at (905) 847-6611.  They even make housecalls!