|
Mortgage
Broker in Toronto -
Get the Advantage
Mortgage shoppers in
recent years have
been using mortgage
brokers at a
steadily increasing
rate. There are
quite a few reasons
to select a mortgage
broker versus using
your bank branch to
arrange a mortgage.
The most important
reasons are access
to the lowest
mortgage rates, a
diversity of
mortgage products
and knowledgable ,
efficient service.
This will allow you
to get a mortgage
suited to your needs
and financial goals,
at a low mortgage
rate and with
customer oriented
service not only
during the
application process
, but well after for
the life of your
mortgage.
We have access to a
wide variety of
lenders in Toronto
and Canada. Our
mortgage volumes are
some of the highest
in the industry and
our lenders offer us
their most
competitive mortgage
rates in return. We
pass on these great
low rates to you the
consumer, to help
you save money over
the course of your
mortgage. On average
, our mortgage rates
are half a percent
lower than
advertised rates at
bank branches. As
well, the
product selection
for mortgages we can
offer through our
lender network is
well beyond what you
can get at your bank
branch. Hundreds of
mortgage products
are available to fit
your financial and
lifestyle needs.
Most banks cannot
offer the products a
mortgage broker can
for consumers who
are self-employed,
have non-verifiable
income , new
immigrants or have
previous credit
history issues such
as past bankruptcy,
consumer proposals
or poor credit in
general. These types
of consumers make up
a large segment of
the Canadian
mortgage market.
Mortgage brokers
have the lenders and
products to arrange
financing for
non-prime mortgage
consumers , at
competitive low
rates.
During the life of
your mortgage ,we
will always be in
touch with you as
our client. We have
industry leading
database marketing
tools that will keep
you updated with any
changes in the
mortgage market ,
new products that
are available and
any government
changes to rules and
regulations. Our
goal is to service
you as our client,
better than your
bank branch can. We
are mortgage brokers
that are dedicated
to making your
customer experience
the best it can
possibly be.
Mortgage Rates - 5 year or 10 year
fixed term?
During 2012, mortgage rates have
dropped to lows not seen before in
the history of Canadian mortgages.
Many consumers are now considering
taking longer terms such as a 10
year fixed rate at 3.89% for
example. One of the major reasons
for taking a 10 year term is that
the Bank of Canada has indicated
that more normalized rates will be
seen in the market starting at the
end of 2012 and onward.
Historically speaking , the average
mortgage rate for a 5 year fixed is
around 5% to 7% while a variable
would be 4% - 6%. Given the past
rates we have seen not long ago in
the early 2000's, a 10 year mortgage
could be very beneficial a few years
from now when most consumers are
renewing at 5% or 6% for example.
With mortgage portability , a 10
year mortgage can be carried to
another home purchase if you sell
the existing one you started the
mortgage with. Most mortgages are
also assumable, meaning a buyer of
your home can assume the 10 year
mortgage rate you have and this
could be a good selling feature as
well.
As the 5 year rate is about 70
basis points lower than the 10 year
currently, it is also at attractive
levels but a renewal after 5 years
into higher rates at levels around
6% could be very possible. Obtaining
a longer term mortgage would help
avoid that scenario and could save a
borrower some significant changes to
their mortgage payments and interest
charges.
Mortgages
101 - Information About Mortgages in
Canada
5 Things a Mortgage Broker Does For
You That Your Banker Can't
Mortgage Rates - Choosing a Fixed or
Variable Rate Mortgage
Home Mortgage Refinancing - What Are
The Top 5 Benefits
Mortgage Renewal Tips To Help You
Make The Right Decision
How Do Second Mortgage Loans Work?
Pay Off Your Consumer Proposal
First Time Home Buyers Guide
Pay Off Your Mortgage Faster
Applying For a Mortgage Loan With
Bad Credit
Refinance a Mortgage for Debt
Consolidation
Renewing a Mortgage in Canada - Info
and Facts
Second Mortgages in Canada - Info
and Facts
About Mortgage
Intelligence
Mortgage Intelligence is
Canada's leader when it comes to
arranging mortgages for homeowners.
Together with affiliated firm Invis,
Mortgage Intelligence reached a new
milestone in the industry in 2010 —
$100 billion in mortgages funded.
Coast to coast our team of
professional mortgage brokers
provide a full range of mortgage and
insurance products supported by
expert mortgage advice tailored to
your unique goals and financial
situations. Mortgage Intelligence is
the largest mortgage broker in
Canada, with more than 1,000
independent consultants and
associates in offices across Canada.
Mortgage Intelligence consultants
help clients make better mortgage
decisions for their home or vacation
properties, mortgage refinancing,
renewals, second mortgages, debt
consolidation needs and specialized
mortgage requirements. Mortgage
Intelligence has become a leader in
introducing innovative products that
cater to niche segments such as the
self-employed and poor credit
clients.
More
Toronto Mortgage Broker
Info...
|
Home Purchase
Self Employed Mortgage
