Category Archives: l Mortgages
Your Best Option Is Using a Mortgage Broker.
Mortgage Brokers Gain More Ground!
But don’t take our word for it! On the Go Magazine published an article expelling the reasons that wise consumers use Mortgage Brokers. Four advantages are:
- Choice of many lenders rather than just one Bank
- Advice of experienced brokers that can offer alternatives and complimentary financial options
- Service when you need it. Most Mortgage Brokers are more flexible to meet with you than a Bank
- Savings through their wide choice of lenders and directing you to the best mortgage to meet your financial goals.
Visit On the Go Magazine to read the entire article.
If you have used the services of a Mortgage Broker, tell us why you did?
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Knowledge is Power in Real Estate Investing.
Investors Still Turning To Real Estate
With a 5-year down turn in the stock markets, many people have turned to Real Estate as an investment vehicle. The fact of the matter is housing has continued to increase while stock markets rise and fall with every little global hick-up shows on the daily trending of markets around the world.
So it’s good to know where the hot real estate area is if you happen to want a good investment property. While lists of top areas and for investment abound, there’s just no better way to find a solid property with good future potential than to use your local professionals as a guide.
Build a Team of Professionals.
Along with a local Realtor its also a great idea to have a mortgage adviser that is familiar with the area in which you are buying. Having relationships with lenders that are familiar in a select areas can culminate in fast approvals, less paper and a better rate. Together with an experienced Home Inspector, Legal Representative and Insurance Adviser the whole process can and should create a sound future investment.
There is really no replacement for a team of seasoned professionals and their collective knowledge when it comes to buying investment Real estate.
With a team of full time Mortgage Agents, and Durham Region’s largest Mortgage Intelligence office you know you have found the best possible starting point for your investment mortgage solutions.
For Investment Mortgages there one great place to start!
Call Mortgage Intelligence today
Please use our secure on-line link to apply now!
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” Make My Day”!
With a 2.89% Five year fixed rate Mortgage from Mortgage Intelligence right now!
Enjoy Our Rate Special
Everyone loves a Rate Special!
We’re offering 3.45% for a 5 yr fixed
rate mortgage with a 120 day rate hold
What are you waiting for? Apply now.
See all our great rates: https://mimortgage.wordpress.com/rates/
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Best Rate vs. Lowest Rate
The Difference May Cost You A Lot!
The best rate for any given borrower may not at first glance be the lowest rates. A prime example of that is BMO’s rate special of 2.99% last year. The web was filled with promos for the special but no one was pointing out all the restrictions that the mortgage held.
Mortgage professional offer options form many lenders and a good mortgage agent will have sound knowledge to back up their advice. Some will criticize the old axiom, the lowest rate is not always the best rate” but it is often true.
There are many Rate sites on the web but remember that they really don’t offer any advice. They show only those rates that a company want to use to get you to contact them.
When shopping for a mortgage you’ll want to know what the rate is, what the prepayment privileges allow, and is there a sale clause in the mortgage. What that means is, do you have to sell the house in order to make changes the mortgage?
It’s so important because technically it removes you ability to refinance you mortgage during the term. Something that lenders never talk about when offering the rock bottom rate.
The best advice you can get is telling your mortgage professional what you hope to do achieve during the term of your mortgage. Sure you want the best rate but do you want to prepay the mortgage, or is it your goal to increase the payments each year? By how much? How will the penalty be charged should you sell or refinance. There’s a huge difference between a 3 month interest penalty and Interest rate Differential, but you my also want to ask, “is the penalty calculated on the posted or the discounted rate”? Once again the end cost could far outweigh any savings on rate.
Be a wise consumer. Shop where there is maximum choice and look to a mortgage expert for advice on your personal situation. Mortgages unlike clothing are not One Size Fits All!
Mortgage Intelligence 