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Mortgage Rates, Calculators & Contacts

Mortgage advice south mississaugaBill is providing you with these helpful mortgage related resources. Simply click on the link to access your mortgage information:

Today’s Best Ontario Mortgage Rate Quotes: RateHub.ca (live streaming)

Latest Mortgage Rates Forecast: Royal Bank of Canada

Mortgage Payment Calculator: Financial Calculator

Pros & Cons of using a Mortgage Broker:  a) The Toronto Star (April 30, 2013), b) The Globe & Mail (September 10, 2012)

Ontario & Toronto Land Transfer Tax Calculator (Buyer Pays – not the Seller, for more information – speak to your real estate lawyer): Financial Calculator

Why and when should I get a mortgage pre-approval?

Home ownership Advice - South MississaugaBill believes that one of the first things you should do when you decide to buy a home – even before you start your search – is to get pre-approve for your mortgage. Here’s why:

  • By getting pre-approved, you’ll have a better idea how much you can borrow, how much home you can afford and what your monthly mortgage payments will be.
  • It enables you to focus your search on homes you can afford, rather than spending time and emotional energy looking at homes you cannot comfortably afford, only to be disappointed.
  • If you choose a fixed interest rate, you are typically guaranteed that rate during the 90-day pre-approval period, so you are protected if mortgage rates should rise.
  • When it comes time to make an offer, you can act more quickly and with fewer offer conditions, improving the likelihood of your securing the home you want.

Why should I compare mortgage alternatives?

Mortgage advice south mississaugaThe majority of Canadians do not compare mortgage options. They simply go to their local bank for convenience and loyalty reasons. However, the savvy buyer will shop the competitive market for the solution that best matches their needs. This can cost them thousands of dollars over the life of their mortgage.

Not all mortgages are created equal. They can vary with the terms and conditions, in addition to the mortgage rates. Each mortgage caters to an individual’s particular needs. If you want to find the best solution for you, you need to compare your options.

Bill suggests that you consider consulting with an Ontario licensed independent professional Mortgage Broker who deals with mortgages on a full time basis. They will put your best interests first, be objective and advise you of alternative solutions, so that you can make the best financial decision for yourself. Contact Bill, and he will provide you with 2-3 alternative reputable professional Mortgage Brokers from which to select from.

 

Help and Information
Please feel welcome to email Bill any questions you might have, or he’ll be happy to set up a no-obligation meeting to discuss your unique situation. Bill is happy to see if he can help. You won’t be obligated to work with him. Contact Bill now!