Mortgage Intelligence

Oshawa's Mortgage News Desk!


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Ten great reasons to use a mortgage broker

For many Canadians, mortgage payments are their single biggest expense. Yet most don’t comparison shop to ensure they’re getting the best mortgage rate and terms available, which can cost tens of thousands of dollars over their mortgage years. Don’t make the same mistake! Here are 10 reasons why you need a mortgage broker working for you:

  1. Choice.  A wide range of lenders, including major banks, credit unions, and other national, regional and private lenders will instantly become accessible to you, ensuring that your specific needs are matched to the right mortgage.
  2. Great rates. Get money in your pocket by taking advantage of Mortgage Intelligence’s clout with lenders. Our stellar reputation and longstanding experience allows us to negotiate great rates and access limited time specials.
  3. A focused expert.  A mortgage is a very significant financial event. That’s why you want someone who is highly specialized in the mortgage marketplace and focused solely on your needs. You’ll get advice that will make a significant difference in your financial life.
  4. Independence & objectivity.  We work for you, not the lender.
  5. Solutions when you need them.  We can provide funding for bank turndowns, the self-employed, past credit problems, etc. There are mortgages for almost any situation and we know them all.
  6. Save time. Everything relating to your mortgage can be managed around your busy schedule.
  7. Service, service, service. We’ll be with you every step of the way, to answer all your questions, outline your best options, and efficiently guide you through the process.
  8. Ongoing support.  Our services don’t stop after the mortgage closes. We will stay in touch with you for the life of your mortgage with advice and opportunities.
  9. No cost (oac). The winning lender pays compensation for the services and solution provided, which means no fees for you in the vast majority of cases.
  10. Your satisfaction.  Our goal is to ensure that you are so completely satisfied with your mortgage experience that you will be happy to refer us to your friends, family and colleagues.

With all changes that have taken place in the last twelve months, and the anticipated changes that are due to be announced soon, a mortgage broker’s role has never been more important. To find out more about how the new rules might effect you, contact the team at MiMortgage.ca at 1 866 452-1100 to speak to an expert now.

 

 

 

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Who’s Got An Unbelievable 5 Yr Rate Today????

Look No Further!

Mortgage Intelligence has  5 yr fixed rates as low as 2.79%

lowest mortgage rate specialIf you need a mortgage contact us today using the handy form below or Apply now with our secure on-line application!


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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:

$ reasons to use  a Mortgage Broker

  1. Choice of many lenders rather than just one Bank
  2. Advice of experienced brokers that can offer alternatives and complimentary financial options
  3. Service when you need it. Most Mortgage Brokers are more flexible to meet with you than a Bank
  4. 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?

Apply Now.

It's So Easy!

It’s So Easy!


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Holly Cow! What A Great Rate.

 

 

Holy Cow That’s A great Rate Special

Mortgage Rate Special                   

 2.2% for 5 year mortgages.

Its time for you to save when you need a Mortgage!

It's So Easy!

It’s So Easy!


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Its Time to Move!

Is it Trash or Treasure?

Our friends at Two Men and a Truck complied a list of tips to help you decide what to take with you and what to toss, or donate. We’re all guilty of having a lot of stuff in our lives.  Some of us even have storage units where we store our stuff.

Time to move

Often we hang on to things that were gifts we couldn’t use, or things we have duplicates of. There is someone out there that could    benefit from your donation. Remember the old adage, “One man’s junk is another man’s treasure”.

Moving is a great time to look at your possessions and lighten how much you will be taking to your new place.

 

We have attached the full article so you can “Get Packing”, but only those things you really want for your new home. Thanks Two Men and a Truck!

If its time for you to move, think about getting pre-approved for a mortgage on your next home as part of your preparation.


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The Perfect Balance of a Low Rate and Flexibility!

Don’t be Handcuffed by a Low Rate Alone!

You’ve heard the term, “Penny wise, pound foolish”. Never has it applied to mortgages more than in the current lending climate. Do you have an understanding of how a low rate can actually cause you to pay more for your mortgage? It’s true!

Take a moment to enjoy the video we’ve prepared for you. Shopping the Internet is an everyday way of finding what you want at the best price, but it only benefits you if you have the in depth knowledge of what you are really buying! Here at Mortgage Intelligence we are the experts when you need a mortgage and with over 50 Lenders to bring you the right balance of great rates and flexible features, you’ll reach your financial goals sooner.

Enjoy the show! Then contact us using the handy form below.


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Our Top 10 Tips For 2014

We’re sharing our top 10 mortgage tips for 2014

Your home is probably the single largest investment you’ll ever make. Understanding how to choose the right mortgage is paramount. Although we can’t say for sure what mortgage rates will do – or how the housing market will shift – we are sharing our top tips for the year ahead; sensible strategies for today’s home buyers and owners.

  1. Variables are back. Several lenders are offering strong “prime minus” rates that could save you thousands in interest. And the mortgageBank of Canada is still holding their key “overnight rate” very steady and very low… making variable-rate mortgages a sensible option right now. Fixed versus variable has always been a challenging mortgage decision. Let us help you decide which financing option best meets your needs.
  2. Don’t sleepwalk through your mortgage renewal. Don’t miss out on an opportunity to save thousands on your mortgage. When your lender sends you a letter saying it’s time to renew… then it’s time to get an expert second opinion. We’re independent and we have access to over 50 lenders. If there’s a better deal, we’ll find it.
  3. Pay your phone bill on time! Paying your bills on time has always been the most important credit habit. Equifax recently started to include phone companies on credit bureau reports – so your lender can see if you have any delinquencies with your phone bills. Look like a good borrower.
  4. Keep other good credit habits. Don’t let your credit accounts exceed 30 per cent of your limit. Don’t cancel an old credit card without getting advice. And don’t sign up for store cards: they often have crazy interest rates, and the application triggers a credit inquiry (you don’t want a lot of those).
  5. Mortgage versus total debt. Do you have high-interest debt outside your mortgage that you won’t be able to pay off in the next few months? Then think about rolling that debt into a new low-rate mortgage. This one, smart strategy could save you thousands… and boost your monthly cash flow. We can analyze your situation to see if you qualify.
  6. What’s the prepayment penalty?Don’t let anyone tell you prepayment penalties are “all the same”. They’re not. If you ever need to get out of your mortgage early, the right mortgage could save you thousands. Not all lenders calculate penalties the same way, and the differences can be substantial. It helps to know which lenders have the most fair prepayment penalties. With access to dozens of lenders – we’ve got that information at our fingertips.
  7. If one of you wants to keep the marital home.If you are going through a separation or divorce and one of you wants to keep the marital home, we’ve got some great mortgage options, including a mortgage to 95 per cent. Your home can be the asset that gives you both a fresh start!
  8. A paydown will pay it forward. Take every opportunity to beat down your mortgage principal using any prepayment privileges! Use tax refunds, bonuses, whatever. Or switch to weekly or bi-weekly payments. Every dollar you pay down on principal means every future payment goes further.
  9. Thinking renovation? We see what you see. Your reno will add value to your home. That’s why we have a special “Refinance Plus Improvements” mortgage that lets you refinance up to 80 per cent of the new, post-reno value of your home. Cool deal.
  10. Come in for a checkup. Your mortgage needs an annual checkup. Really. Life doesn’t stand still, which means your needs may have changed. Even a minor tweak can pay big dividends.

Have a mortgage question? We’re here to answer it! Please use the form below to email us or call at: 866-452-1100