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 - 2.80 % Variable Rate Toronto Mortgages - Lowest Refinance Rates - Renewals 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 Scotiabank Mortgage CIBC Mortgage TD Mortgage ING Mortgage MCAP Mortgage First National Mortgage Home Trust Mortgage   National Bank of Canada Laurentian Bank Merix Mortgage DUCA Credit Union 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 for your  mortgage refinance , home purchase,  second mortgage or mortgage renewal in Toronto.   Toronto Mortgage Rates   Variable Rate Mortgage  2.80%          3 Year Fixed Rate   2.84%          4 Year Fixed Rate   2.89%          5 Year Fixed Rate   2.99%        10 Year Fixed Rate   3.89%  Secured Line of Credit   3.50%   - Other mortgage terms also available. Inquire today for current rates. - Most of the above mortgage terms & products come with 20% pre-payment privileges and are portable & assumable. Monthly, bi-weekly & weekly payments  available. Inquire today for further information and mortgage product features.         - Variable rate is convertible to a fixed rate at any time, no fees or penalty                    *** 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 for mortgage renewal rates   - Conventional mortgages of 80% LTV or less may increase amortization back to     back to 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   Below are some tips on when to refinance a mortgage,  take advantage of low refinancing rates and how to save money and improve your finances.   Refinancing high interest rate credit cards, credit lines and other loans into ONE lower rate, monthly mortgage payment. Mortgage refinancing will help you save money, increase your monthly cash flow and eliminate the stress of making multiple loan payments. Review your debts every year and consider if a mortgage refinance can help you. Use the existing equity in your home and low mortgage refinancing rates to renovate your home. This is an excellent way to increase the market value of your most important asset. Top up RRSP investments or purchase Mutual Funds, Stocks and other Investments using low refinance rates. You can also deduct mortgage interest used for investment purposes. Contact your accountant for further details. Take advantage of your credit score improvements to refinance an existing subprime or higher rate  mortgage. Most lenders will allow a mortgage refinance up to 85% of your property value. Use mortgage refinancing to purchase an investment property by unlocking existing equity in your current home. Buy a car using low interest  mortgage refinance rates instead of traditional auto financing.                                  Mortgage Refinancing in Toronto Home owners in Toronto and the GTA are now refinancing their mortgages at a record pace. As of January 2012, the Bank of Canada has lowered 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 approved in 1 or 2 days and closed in approximately 10 to 14  banking days. A real estate lawyer will be required to close the transaction. The average cost of legal services in Toronto is around $700, depending on the number of disbursements,   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 such as self-employed, stated income, or a bad credit mortgage. 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.   More Canadians using Mortgage Brokers The percentage of Canadians using  mortgage brokers to buy their homes has increased significantly, according to a report released today. The Deloitte report, Winning Strategies in the Brokered Mortgage Marketplace, said that in the 1990s mortgage brokers numbered in the hundreds and were a last resort for borrowers unable to obtain a mortgage directly from a bank or credit union. "Over the last decade, an increasing number of viable options for borrowers have surfaced," said the report. "In addition to branch-based lenders, borrowers can now consult with the banks' own mobile mortgage specialists as well as independent brokers - while also conducting their own research online. "In this changing and information-abundant environment, the mortgage brokerage channel has emerged as a legitimate competitor." The report said share of origination transactions increased from 26 per cent in 2003 to 38 per cent in 2009 as mortgage brokers made particular inroads with first-time homebuyers and young Canadians. "Overall, this channel has evolved from a fragmented 'lender of last resort' network to a legitimate option for prime customers." Jim Murphy, president and CEO of the Canadian Association of Accredited Mortgage Professionals, said the organization will be releasing its annual report in early November. "Mortgage broker share overall is about 25 per cent of the market," said Murphy. "It's higher for first-time buyers. First-time buyers are more likely to use a mortgage broker than those that renew their mortgage. "The percentage of mortgage brokers is higher in Alberta and British Columbia overall." Murphy said the percentage of mortgage brokers has grown significantly although in recent years it has levelled off. "We had big growth in the 1990s and in the first part of this decade," said Murphy. "Brokers were very much seen in many ways 20 years ago as the lenders of last resort. So you couldn't get a mortgage through a credit union or ATB or the bank and you went to a broker. Usually charged the higher rate. Usually charged you a fee in order to get a mortgage. "That's changed dramatically in the last 10-15 years. Brokers are seen in a much more positive light. They shop the market. They have access to different lenders including banks and credit unions and they really work on behalf of the customer." Source: Calgary Herald   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...   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     Darin was very helpful by providing us with a lot of information for our mortgage refinance, which helped us to make our decision. He was easy to communicate with and answered any questions we had very quickly. We would recommend him to anyone looking for a mortgage broker. Anne - Toronto, Ontario                          I needed mortgage refinancing advice and Darin helped get me a very low rate ,pay off my credit cards and lower my mortgage payment substantially. I highly recommend him for any mortgage related services. John - 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           Full Time and Part Time Mortgage Agents Wanted for Toronto and GTA   Join the top mortgage brokerage in Canada! - Full Training Provided - Work From Home - Earn Above Average Industry Commissions - Full Time or Part Time - Contact Darin Bauer Today!     Please recommend TorontoMortgageSite.com on Facebook ,Twitter , Google  & LinkedIn. Thank you!