There are generally two ways to get a mortgage in Canada:
- From a bank
- From a licensed mortgage professional (ie. YOUR MORTGAGE COACH)
While a bank only offers the product from their particular financial institution, licensed mortgage professionals acts as a liaison between you the borrower and the lender in order to ensure you get most competitive rate available. Mortgage Brokers represent you, the customer, not the lender. Having a professional who understands and who has knowledge of the industry will help you ensure a stress-free and knowledgeable experience.
You could lower your monthly payments. You could reduce the total amount you pay over the life of the mortgage loan. You could refinance to pull equity out of your home to assist family, invest, renovate etc.
First Time Home Buyers
There are many things you should know before you purchase a home. Give our office a call and we will guide you through the mortgage process.
Debt is a major problem for many Canadian households, especially those that have credit card debit in addition to mortgages etc. Refinancing your existing mortgage into a consolidation loan combines your debts into one payment. This is a great option if you have high interest loans and you are only paying the interest.
Your credit score is an important factor in your financial life. Improving your credit score takes time, but the sooner you address the issues the quicker your credit score will increase.