For some property buyers, one of the worst things they experience when dealing with a broker is the long wait that often comes with closing the deal with the lender. The waiting can stretch for days and sometimes months depending on the property that you wish you buy. This turns off buyers because they find...
When searching for a mortgage broker, there are certain things you should look out for. Some of the best mortgage brokers in Toronto share these qualities so be sure that they meet these requirements before you do business with them. They Are Patient No matter if you are a first time homebuyer or if you...
If you want to purchase a piece of property but do not have the cash in hand yet, then getting a mortgage is the best choice. If it’s your first time to applying for a loan, then you may be puzzled as to where to get a mortgage: bank, direct mortgage lender or mortgage broker?...
When planning to apply for a mortgage loan to buy a new house, you might wonder if you should apply for loans directly from banks or hire the help of a brokerage firm. Though they both facilitate your mortgage loans, there are several differences that make one a better fit than the other. Banks assign...
The mortgage brokerage industry in Toronto is a huge sector. The consumer housing market is vast, with a big portion composed of those who cannot afford to purchase houses without any help from a financial institution. These people rely on mortgages to purchase their houses. Adding to the consumer housing market is the increasing number...
So you’ve finally found your dream house but can’t decide on how to push through with the whole mortgage process? You’re deciding between a broker and a bank, and here is the difference. What is a Mortgage Broker? A mortgage broker is a professional freelancer, who has access in the mortgage market. Unlike a loan...
If your mortgage term is expiring and you still have an outstanding balance to pay, then you are up for mortgage renewal. Mortgage renewal is the process of applying for another sum of money, with the same or less value than your first mortgage. You also have to apply with your current lender. Tips When...
So the time has come, you’re finally ready to buy your first home. Buying a home is a huge investment, whether you’re looking to live there or rent it out its important that you do everything properly. When buying a home everyone’s first step should be a mortgage broker. They will help you apply for...
Canadian homeowners who are battling it out with their mortgages always know that they have one very good solution on their pockets: refinancing. When the first quarter of 2017 opened, the need to decide on whether to refinance an existing home mortgage or not has become an even bigger issue for these individuals. As of...
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