When purchasing a mortgage for your home, you want access to the information that will lead you to the best product. After all, this is the most significant investment you are likely to make in your life. The mortgage you purchase will have a considerable impact on your finances over a long period of time. Therefore, you want to understand exactly how your interest rate, terms and payments will work.
Although many people think of going to their bank first, it is becoming more common for people to turn to a mortgage broker instead. As mortgage brokers, we have access to the mortgage products from over 50 lenders, not just a few mortgage options from a single bank. This allows you to shop wisely for the best rates and conditions.
We work with major banks as well as small lenders, insurance and trust companies, and private funds. Because of this, we can find the best rates for you. However, it goes beyond the best rates. We also can assist you regardless of your situation. With strong ties to the lending community, we use our relationships to help you, whether you are a first-time buyer, refinancing your mortgage, are employed, self-employed or even have bad credit.
Our goal is to help you understand your mortgage options so you make an informed decision. Every aspect of every mortgage product is different with so many variations it can be overwhelming. We look at your finances, the home you wish to purchase or your current mortgage and equity before we begin the process. This allows us to establish your needs and focus on the mortgages that are going to be the most effective for your financial situation.
Purchasing a home comes with a hefty price tag. Not very many people can afford to pay for a home in cash, let alone in full. This means that most home buyers will require a mortgage.
The beauty of a mortgage is that it allows you to own a home without adding much more financial burden than paying rent. In fact, in some cases, you might even find it can be less than rent, depending on what kind of home you purchase.
Although you will require a downpayment to purchase a home, there are government programs available to assist you in the home buying process. We can discuss your options and help you meet your dream of homeownership.
If you are concerned you might not qualify for a mortgage due to bad credit or even being self-employed, you should still speak to us. We might be able to find a mortgage lender willing to work with you and help you buy a home.
Mortgages also offer people the chance to make investments. Many people will purchase a home they intend to rent out to help pay for the mortgage and help generate more income. This is often a second home. They are also a way to build instant equity. As you pay down your mortgage, your wealth grows, making it an excellent investment, even if it is to purchase your primary home. This money can then be accessed through a home equity loan.
There are a number of steps to the mortgage application process, including:
Applying for a mortgage can be stressful. However, we will help you through each step, including:
If you would like more information or are ready to start the mortgage approval process, contact our brokers.
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