Mortgage: Home Purchase Refinance Debt Consolidation Second Mortgage Renewal Amount: $0 - $299,999 $300,000 - $399,999 $400,000 - $499,999 $500,000+ Name: Phone: eMail:                   Mortgage Broker Toronto - Mortgage Intelligence Inc.       darin.bauer@migroup.ca Lowest Toronto Mortgage Rates - 1.95% Variable Rate Toronto Mortgages - Refinance - Renewal - Purchase Mortgage Broker Services in Toronto - GTA - Ontario   Home Mortgages   Mortgage Refinance Mortgage Renewal Second Mortgage   Debt Consolidation Home Refinancing No Downpayment Self Employed Mortgage   Bad Credit Mortgage Past Bankruptcy Remortgage Pre-Approvals ING Mortgage Scotiabank TD Mortgage CIBC Mortgage Resmor Trust Desjardins Credit Union Home Trust Mortgage   National Bank of Canada Laurentian Bank Merix Mortgage MCAP Mortgage Street Capital Equitable Trust ICICI Bank of Canada and many more...   Why Use a Toronto Mortgage Broker?   It's simple. I can offer you the best mortgage products available and the lowest mortgage rates.  This saves you time and money as I will do the shopping for you with over 40 different mortgage lenders in Canada.   There are no up-front fees and no obligations. As well, our mortgage services are free of charge   for most  residential arrangements as we receive our compensation from the lender. Contact me today for your  mortgage refinance , home purchase,  second mortgage or renewal in Toronto.   Toronto Mortgage Rates         **Prime Rate  -0.80%**  Variable Rate Mortgage   1.95%                     **Special Offer**   3 Year Fixed Mortgage   2.90%                    **Special Offer**   4 Year Fixed Mortgage   3.59%                   **Special Offer**   5 Year Fixed Mortgage   3.65%                   **New Product**   5 Year 50/50 Mortgage    3.15%   **Current Promotion - No Legal Fees for Mortgage Refinancing  ** ** Over $750 Value - Inquire Today for Details **              - Other mortgage terms also available. Inquire for current rates.  - 5 year 50/50 Mortgage is calculated using combination of variable rate & 5 year fixed - Get the security of a fixed rate and the interest saving benefits of a low variable rate (Variable rate is convertible to a fixed rate at any time, no fees or penalty)** Fixed Rate vs. Variable Rate Comparison The chart below compares a $250,000 mortgage over 5 years at a fixed rate of 4.59% versus a variable rate at prime -40 basis points. Calculations are made using an example where the Bank of Canada increases the prime rate 1% at the end of each year.   5 Year Fixed at 4.59%   Monthly Payment Balance Year 1 rate 4.59% $1396.22 $244,498.44 Year 2 rate 4.59% $1396.22 $238,741.47 Year 3 rate 4.59% $1396.22 $232,717.20 Year 4 rate 4.59% $1396.22 $226,413.27 Year 5 rate 4.59% $1396.22 $219,816.65       Total Paid $83,773.20         5 year Variable Prime – 0.40%   Monthly Payment Balance Year 1 rate 1.85% $1040.62 $242,052.94  Year 2 rate 2.85% $1159.30 $234,906.92 Year 3 rate 3.85% $1280.27 $228,402.80 Year 4 rate 4.85% $1402.71 $222,406.71 Year 5 rate 5.85% $1525.86 $216,804.52       Total Paid $76,905.12          Savings choosing the Variable Rate Option =$9880.21 Difference in monthly payments made =$6868.08 Difference in interest paid over 5 years term =$3,012.13   *** Instant Mortgage Rate Holds Now Available *** - 120 Day Fixed Mortgage Rate Hold for your upcoming Home Purchase,   Mortgage Refinancing or Renewal.  No application or credit check required! - Use the "Quick Mortgage Quote" form on the top right of this page to apply - Please include your full name , email address and phone number *** No Fee Mortgage Renewals & Transfers *** - Transfer your upcoming mortgage renewal to a new lender at no cost to you - Minimum mortgage amount of $150,000 , Inquire today for mortgage renewal rates   - Conventional mortgages of 80% LTV or less may increase amortization back to the original amount. Decrease your payments without paying legal fees Mortgage Refinance to Consolidate Debts BEFORE AFTER Home Value: $300,000 Home Value: $300,000 Mortgage Balance: $145,000 Mortgage Balance: $215,000 Interest Rate: 5.5% Interest Rate: 1.95%   EXISTING  MORTGAGE & DEBT PAYMENTS NEW MORTGAGE PAYMENT Mortgage ($145,000): $885 Mortgage ($215,000): $705 Loans ($30,000): $850 Loans (nil): $0 Credit Cards ($40,000): $1,200 Credit Cards (nil): $0 TOTAL PAYMENTS: $ 2,935.00 TOTAL PAYMENTS: $ 705.00   MONTHLY CASH FLOW SAVINGS!   $2,230.00                                Read My Recent Article - Mortgage Refinancing in Toronto Home owners in Toronto are now refinancing their mortgages at a record pace. As of April 2009, the Bank of Canada has lowered it's overnight lending rate substantially, allowing banks and lenders to offer a prime rate of 2.25%. Both fixed and variable rates are at historical lows and well below the average interest rates of the last few years. Many consumers are willing to pay penalties charged by their bank or lender to refinance existing mortgages and take advantage of lower payments and reduce interest costs on all of their debts. Toronto and GTA areas in the last 5 years have seen a frenzy of buying activity. Home prices increased rapidly, allowing more and more equity to build up. Refinancing is one of the best options to make use of existing equity and pay off debts such as higher interest mortgages, credit cards and personal loans. By lowering monthly payments on unsecured debts such as credit cards, home owners can use the extra monthly cash flow to pay down their mortgages sooner using pre-payment options offered by most lenders in Toronto. Another popular strategy is using low interest rates and a refinance to fund renovation projects to increase property values. To begin the refinancing process,  contact Darin Bauer to discuss your existing personal financial details. I will review with you how much money can be saved in total interest costs by refinancing, as well as give you a plan for paying down your mortgage sooner. I have access to over 40 lenders and can provide you with not only the lowest rates but also a variety of products tailored to your needs. In most cases, I will be compensated by the lender chosen to fund your new refinance with, therefore not charging you any fees. To qualify for a refinance in Toronto, your credit score is the most important factor. Banks and lenders are looking for FICO scores in the 600 plus range on average to qualify for the lowest rates . The higher your score, the better chance you will have to be approved at low rates. Other important qualifying factors will be your income & employment history as well as your loan to value ratio. Currently, you can refinance up to 95% of your homes' appraised or market value. The average mortgage refinance can be closed in approximately 14 to 21 business days. A real estate lawyer will be required to close the transaction. The average cost of legal services in Toronto is around $800, depending on the number of disbursements and other related fees.   Read My Recent Article - Choosing a Mortgage Broker in Toronto When shopping for a mortgage,  it's important to consider not just the mortgage rate, but the professional advice and service you deserve to get from an experienced mortgage broker in Toronto. Too many mortgage shoppers tend to only look for the "lowest mortgage rates" while forgetting about important factors such as mortgage product terms , flexibility and pre-payment privileges. There are many low mortgage rates available these days but some lenders will have clauses in their contracts causing large penalties & fees later on when selling your home, refinancing or when applying for an early mortgage renewal. An experienced mortgage broker can help you avoid problems in the future and give you professional advice to help you decide which mortgage products suit your needs and financial goals. Mortgage brokers in Toronto can arrange your mortgage with a wide variety of lenders . Most brokers will have access to approximately 40 different lenders such as banks, trust companies and credit unions. As well, an established Toronto mortgage broker will have access to many private lenders for non-conforming mortgages. An experienced mortgage broker should give you a variety of product options along with a competitive low mortgage rate and efficient service. Most brokers will not charge a fee for their service as they get compensated by the lenders. Look for testimonials on their website to review how past clients have commented on that mortgage brokers' previous services. Ask how long they have been in business to determine their level of knowledge and expertise in the mortgage brokering industry. Many mortgage shoppers have had great experiences using an experienced  mortgage broker in Toronto. You should feel comfortable with the advice and professionalism a broker gives you before submitting an application. Take the time to interview your mortgage broker so your questions are answered in detail and you are comfortable about the mortgage application process from start to finish.   About Mortgage Intelligence Mortgage Intelligence Inc. 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. The company had funded mortgage volumes of $8 billion in fiscal year 2007. More Toronto Mortgage Broker Info...   Recently, we asked Darin to help arrange our mortgage refinance in Toronto. He provided us with exceptional service & worked efficiently with us and the lender to find us the lowest mortgage rate available. We highly recommend Darin's mortgage refinancing services.   Peter & Fabiana - Toronto, Ontario We wanted to refinance our mortgage and we hadn't used a mortgage broker before. Darin was amazing. He recommended that we consolidate our credit lines and credit card debts into a low rate mortgage. With his help we saved money and increased our monthly cash flow. Darin took care of everything by refinancing our mortgage and our financial life into much better shape. Thank you Darin!   Cindy - Mississauga , Ontario My experience with Darin was very positive and his service was excellent. My mortgage was approved quickly and with a very low interest rate. The application process was easy and made my home buying experience stress-free. I will certainly recommend his mortgage services to my family and friends.   Lynn  - Toronto , Ontario Darin helped us with a much needed mortgage refinancing to payoff our high-interest credit cards. We were very happy with his service and the low interest rate our mortgage was approved at. We will definitely refer him to friends & family.   Albert - Brampton , Ontario  I would like to thank you on behalf of my family for giving us peace of mind again and helping arrange our low rate mortgage refinance. I will definitely recommend your services to all of my friends and family! Kenneth - Toronto, Ontario With less than 2 weeks to our closing date we contacted Darin to arrange our mortgage for a home purchase. He truly was amazing and efficient. He managed to arrange our mortgage on time and at a very low rate. This was our first time using a mortgage broker and we can highly recommend Darin to arrange mortgage financing. Collet & Laurens -Toronto , Ontario     7 Reasons to Use a Mortgage Broker Ready to Reinvent Your Space? Insure Your Home, Ensure Your Future Is a Recreation Property Right For You? Mortgage Refinancing & Home Equity Credit Report Info & Tips Using Your Mortgage to Lower Debts First Time Homebuyer Tips & Info Credit Repair 101 Understanding Your Credit Score     Recently Featured in:   #1 Ranked Mortgage Website in