| What
is a Mortgage Broker?
- A liaison between the lender and
the borrower.
- We are independent, which means we
are here to service our clients.
- Our primary role is to find the
lender with terms and interest rates that best suit
your financial needs.
What does it
cost?
Fees
- For most clients there is no fee
for our services – the lender pays us to source
a mortgage.
- If you have bruised or poor credit
history it is more likely that a fee would be charged
by the broker.
Why use a Mortgage
Broker?
- We have your interests in mind.
- Simplifying the process of mortgage
financing.
- We negotiate with lenders for the
best possible products and lowest rates.
- Provide you with peace-of-mind.
- We have the experience.
- We know what mortgage products are
available in the market.
Role of a Mortgage
Broker
- Provide counseling on credit &
qualifications.
- Provide maximum flexibility in financing
choices.
- Arrange & coordinate the mortgage
closing.
- Assist with purchase, renewal, construction
& renovation financing.
- Provide efficient & highly personalized
service.
Mortgage
Options
Open Mortgage
- This means you can repay the loan
without penalty.
- Interest rates are usually higher.
- This may be a good choice if you
plan to sell your home in the near future.
- Lenders will usually allow you to
convert to a closed mortgage at any time.
Closed Mortgage
- Usually offers the lowest interest
rate available.
- There are often penalties or restrictive
conditions for prepayments or additional lump sum
payments.
- May not be the best choice if you
might move before the end of the term.
Variable Rate Mortgage
- Variable/Adjustable interest rate.
- Usually convertible to a fixed rate
mortgage.
- Many Variable Rate Mortgages are
for 5 year terms, becoming fully open after 3 years.
Terms & Payment Options
- Terms from 6 months to 25 years
- Flexible payment options
Weekly
Bi-weekly
monthly
Other Options
- Whether you have good or bruised
credit, there are options for you.
- Financing through “A”
lenders with varying mortgage programs.
- Private Lenders available for unique
situations.
- Up to 100% financing.
- No income verification products.
If you know
od someone who is;
- Buying a home?
- Building a home?
- Purchasing an investment property?
- Restructuring debt?
- Renovating?
- Renewing your current mortgage?
- Need to take equity out for investment
or other purposes?
Please Call
for a Free Consultation
These are some
of the lenders that we deal with;
AGF Trust Company - Alta West Mortgage Capital Corporation
- ATB
Financial
- Apex Credit Union Ltd. (ACU)
- The Associates - B2B
Trust - Bank
of Montreal
- Bridgewater
Financial Services Ltd.
- Business
Development Bank of Canada (BDC)
- CEG
Mortgage -
CIBC Mortgages Inc. (CMI)
- Canadian Home Income Plan
- Canadian Western Bank
- Canada ICI Commercial Mortgages Inc.
- Canada
Mortgage and Housing Corporation (CMHC) - Canada
Life Mortgage Services Ltd. - Canada
Trustco Mortgage Company - Canadian
Mortgage Capital Corp. (CMCC) - CanEquity
Mortgage -
Capital
City Savings and Credit Union Limited
- Capital
Direct Lending Corp.
- Capri
Mortgage Corporation
- Citi
Financial
- Citizens Bank of Canada
- Clarica Life Insurance Company
- CONEXUS Credit Union
- Coast
Capital Savings
- Community
Trust Company Ltd.
- Co-operative
Trust Company of Canada
- Co-operators
Life Insurance Company
- Cove
Mortgage Ltd.
- Desjardins
- Desjardins
Financial Security Life Assurance Company - DUCA
Financial Services Credit Union Ltd. - Effort
Trust Company
- Empire
Life Insurance Company
- Envision
Credit Union Ltd.
- Equisure
Trust Company
- Equitable
Life Insurance Company of Canada
- Equitable
Trust Company
- First
Calgary Savings
- First
Circle Financial
- First
Marathon Mortgage Corporation
- First
National Financial Corporation
- FirstLine
Mortgages
- FirstOntario
Credit Union Limited
- Gibraltar
Mortgage -
GMAC
Commercial Mortgage
- Great-West
Life Assurance Company
- Household
Financial Corporation of Canada
- Home
Trust Company
- HSBC
Bank Canada
- ICI
Mortgages Managers Inc
- ING
Direct - Intel Financial Inc.
- IntesaBci Canada
- La Capitale Group Financier Inc.
- Laurentian Bank of Canada
- League Savings and Mortgage Company
- London
Life Insurance Company
- M.R.S.
Trust Company (MRS Trust) - MCAP
Mortgage Corporation
- Mackenzie
Financial Corporation
- Manulife
Financial
- Maple
Trust Company
- National
Bank of Canada
- Pafco
Insurance Company
- Peace
Hills Trust Company
- Peoples
Trust Company
- Prospera
Credit Union
- ResMor
Capital Corp.
- Scotiabank
- Sun Life Assurance Company of Canada
- Sun
Life Financial Trust Inc.
- Surrey
Metro Savings
- TD
Canada Trust
- Unisource Mortgage Corporation - Vancouver
City Savings Credit Union
- Xceed
Mortgage Corporation |
