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It's simple. I
can offer you the best mortgage
products available and the
lowest mortgage rates. This saves you time, effort
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
Variable Rate
Mortgage
2.00%
3
Year Fixed Mortgage
3.45%
4 Year
Fixed Mortgage
3.99%
**Special Offer** 5 Year Fixed Mortgage
3.94%
**New Product** 5 Year 50/50
Mortgage 3.17%
-
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)**
Read
My Recent Article -
Mortgage Refinancing
in Toronto
Home owners in Toronto are now
refinancing their mortgages at a
record pace. As of January 2009, the
Bank of Canada has dropped it's
overnight lending rate
substantially, allowing banks and
lenders to offer a prime rate of 3%.
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.
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