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 will 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.  My services don’t stop after the mortgage closes. We will stay 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.

If you are looking to purchase, refinance or coming up for renewal, the experts at MiMortgage.ca can help. We will assess your circumstances and advise mortgage financing options available to you. Call us at 1.866.452.1100 to speak to expert now.

 

 

 

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Real Mortgage Story for June 2018

Farid & Afra resided in the Greater Toronto Area (GTA) with their three dependant children. They both have stable income and good credit. The couple were looking to buy their first family home in the GTA and were successful in securing a property. Farid & Afra were referred to the team at Mortgage Intelligence-Oshawa by their realtor, two weeks prior to their scheduled closing date, as the couple was not successful in obtaining mortgage financing through a mainstream bank.

The couple had accumulated debt over the years and as a result there debt servicing ratios were higher than usual, which made the transaction difficult. The MiMortgage.ca team was successful in obtaining mortgage financing by using some unconventional income, within four days, from an institutional lender.

The terms of their mortgage:

  • Downpayment 22%
  • Interest rate of 4.69% for five years
  • Monthly payments of $2,190

In the meantime, Farid & Afra also decided to concurrently explore alternate routes of obtaining mortgage financing for their property and the team at MiMortgage.ca did not hear back from them until four days prior to the closing date. The team at MiMortgage.ca were able to get signed mortgage documents, an appraisal, meet all the lender conditions and have their lawyer instructed with within four days. This particular lender worked diligently to close this transaction in within a few days and the transaction closed one day later than the scheduled date.

If you are in similar financial circumstances, maybe it’s time to get in touch with the experts at MiMortgage.ca. We have access to over 50 lenders and are able to provide the best possible mortgage solution, for you. Contact the team at MiMortgage.ca at 1.866.452.1100 to speak to an expert or apply now.

 


Leave a comment

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.