Whether you are buying your first home or next, renewing or refinancing in Brampton, Toronto or the GTA, you need the absolute best mortgage strategy that meets your needs now and, in the future. Achieving your best mortgage is more difficult than ever because we are in an overly complex and confusing economic and mortgage marketplace.
We’re in a period of high uncertainty. We must deal with inflation, rising rates, Ukrainian war that has spiked energy prices, lock downs in China that worsen our supply chain disruptions, a turbulent stock market, global warming, and a pandemic that keeps hanging on. It’s a lot happening at once!
It’s harder to qualify for a mortgage under the stress test given our rising rate environment. Variable rates increased with the Bank of Canada’s .75% rate hike on September 7th. While fixed rates did rise to over 5%, they dropped back to the mid 4%, although it may not be in your best interests to lock into a five-year fixed mortgage. The best mortgage for you depends on several factors.
How do you get the best mortgage strategy? You turn to experience and trusted mortgage advice, from someone who is highly specialized in the mortgage marketplace and understands the continual shifting landscape. Someone who has seen every economic climate and can be focused solely on your needs. You want advice that will make a significant difference in your financial life.
It’s no surprise then that more Canadians are turning to experienced Mortgage Brokers instead of taking the first mortgage offered by their Bank. After all, getting a mortgage is an incredibly significant financial event and mortgage payments are the single biggest expense for most Canadians, which makes getting the best advice essential.
A key benefit to working with a Brampton mortgage broker is the access to a wide range of lending sources, making it significantly easier to match you with the mortgage product that best meets your needs. Available lenders include major banks, credit unions, and other national, regional, and private lenders.
When you’re dealing directly with one financial institution, you just don’t know if you’re getting the best deal because they’ve only got their own menu of products to offer you. Going into a bank branch to ask which mortgage product is best for you is the same as going into a Ford dealership and asking which car you should buy.
If you are dealing with one of the largest mortgage brokerages in the country, you’ll also enjoy considerable bargaining power. A large brokerage has clout with lenders to negotiate volume discounts that lead to lower rates and greater product choice.
While rate is of course especially important, and one that I sharply focus on, I also look deeper to make sure you save on fees and interest over the long term. Saving interest is the key to paying down your debt and building wealth. I look for the right combination of options, privileges, and payment schedules that will maximize your savings.
I’ll look at –
- Prepayment privileges that will help you reduce your mortgage principal by increasing your payments and/or putting down lump sums.
- Portability. Unless you’ll be there for good, you’ll want favourable rates and terms should you want to port your mortgage from one property to another.
- Fees for breaking the mortgage. This is a big one because there can be substantial differences between lenders. Remember life happens. If there’s even a chance, you’ll need to break your mortgage, going with a lender that has reasonable fees can save you thousands.
- Minimizing all restrictions and fees as much as possible.
Some added benefits to collaborating with me as your Mortgage Broker:
- Independent & objective. I work for you, not the lender. Remember that bank staff are incentivized to sell only their suite of mortgage products.
- Solutions when you need them. I can help with bank turndowns, self-employed mortgages, past credit problems, those new to Canada, investment properties and vacation homes, renovations, and financing for those in their retirement years. Yes, there are mortgages for almost any situation. Many complex financing situations can be solved through knowledge and hard work.
- Save time. Everything relating to your mortgage can be managed around your busy schedule. Remember it’s all about you!
- Service and support. I’ll be with you every step of the way, to answer all your questions, outline your best options, and efficiently guide you through the process. And my services don’t stop after your mortgage closes. I will stay with you for the life of your mortgage with advice and opportunities, and to answer any questions you may have.
- Your satisfaction. My goal is to ensure that you are so completely satisfied with your mortgage experience that you will be happy to refer me to your friends, family, and colleagues. I am proud that my business is very referral based and that I have almost 350 5-star google reviews.
Whether you’re taking on your first mortgage or a long-time homeowner looking to refinance, combine debt or use your equity to buy a new property, you want access to a wealth of information. I can advise on down payment requirements, mitigating credit history issues, mortgage payment options, interest-saving strategies, and qualifying with supplemental rental income. I will shop the market for the best rate, do all the work, and there’s no cost to you, on approved credit. Fees only apply in specialty situations.
When you need a mortgage, likely the biggest financial commitment you’ll make in a lifetime, it’s critical that the person you’re dealing with is experienced and knowledgeable, able to answer your questions, and has access to a full range of lenders so you get the best mortgage for your needs. Ultimately, my role as your mortgage broker is that of a trusted advisor and it’s a relationship that can last a lifetime.
My priority is to spend as much time as necessary listening and asking questions so I can fully understand each person’s unique needs and goals. Putting the client first means that sometimes the advice supplied offers no financial benefit to my business, but the client wins, and I build the type of long-term trusted relationship that I cherish. I also recognize that the lender compensation I receive for the solution provided means staying engaged with that client for the full term of the mortgage.
Every day I strive to be a trusted advisor throughout my clients’ mortgage years. It’s fulfilling, rewarding, and humbling. And I’m grateful because I do what I love. I am proud that I have helped hundreds of clients and families achieve their dreams of homeownership. Get the trusted, expert advice that you need during these uncertain times. Let’s have a conversation! I’m here to help.
