Blog Archives - Page 9 of 15 -

22 Apr

Independent Mortgage Broker by Nasser Yaltaghian

Buying a home is one of our biggest leaps in our lives, attached to which comes a mortgage plan. Your mortgage can be a good deal or a bad deal depending on your network and research. Good research will give you a clear picture of the different rates offered at different cities with different lenders. A good network will allow you to get approved by the best lender you shortlisted. In case you are not able to do both, you can simply appoint an Independent Mortgage Broker and get it all in a platter.

You might assume that since you would get a list of all lenders and their estimated rates so easily, a mortgage broker might come at a significant cost. Well, you are wrong, Nasser Yaltaghian will break a few such myths and enlighten you with what an Independent Mortgage Broker really is:

What Do They Do?

As our name suggests, independent mortgage brokers are free from any association with a particular lender, but have access to multiple variety of lenders ranging from banks, private lenders and also financing institutions. Being a profession, we have deep market knowledge which allows us to filter any bad or high rated deal for you instantly. Our wide access to lenders allow us to cater to all borrowers ranging from self-employed to first time home buyers without any prior credit rating.

Contact Nasser Yaltaghian for More Queries on an Independent Mortgage Broker!

What Do They Cost?

Independent Mortgage brokers are well compensated from the lenders for our services. However, to differentiate an established mortgage broker, you will be charges a fraction of his commission, which would be a negligible amount.

Who is a Good Independent Mortgage Broker?

It is easy to spot a good mortgage broker by his number of questions pushed on you. To get you the best deal, we need to know a lot of details from your previous transactions so that we can channel your application to the right lender rather than applying to all and wasting your time and money. Other than the interrogative nature you can always measure the network of lenders and the competitive rates a broker can offer you.

08 Apr

How Exciting as Well as Tedious it could Get While Buying Your First Home?

“Home Is Where the Heart Is”, all of us have heard this before. As true as is sounds, how easy is it to define where our heart is? At times when we look forward to settling down, owning a home is one of our significant visions in it. Having reached this certain stage, hunting for a home you want set your heart in, grow a future in, and creating your master piece in, has to begin. This hunt has been done by many before, and will be done by many after you, but your catch will be yours for a life time.

First Homes are less about investments and more about desires. But getting a good deal in monetary terms can simply purify the joy of it. Unconditional satisfaction is what we seek to service our clients with when they are to purchase their first home. The steps are many, and being new to the process, it may get a little tedious, but with the right broker, buying your first home cannot get more easy.

The Part Where You Begin Your Search

We help you with fixing a budget in accordance with your income projections, and help you file your mortgage application without any glitches. We can arrange for pre-approvals for a precise shortlisting.

Apply For a Mortgage Pre-approval, Know your Buying Ability Today!

The Part Where You Shortlist the Home

Here according to the pre-approval or the determined budget, you will be shortlisting your choices, after which your locality and size specifications can be analyzed.

The Part While You Inspect and Finalize

Once you are almost there, a thorough inspection will be conducted on the property. After which your mortgage will let you access your home and begin your journey.

Take the First Step Towards Buying Your First Home. Apply for a Mortgage Today!

The Part Where You Own Your First Home

This however happens after a few years, where you have paid off the value of your home gradually. Your each monthly payment will increase your ownership share, and once fully covered, you will be owning your very first home.

By The Mortgage Centre Blog Buying Your First Home, Buying Your First Home Markham, Buying Your First Home Richmond Hill, First time home buyer mortgage, First time home buyer mortgage Markham, First time home buyer mortgage richmond hill Read more...

07 Mar

How to Secure the Best Commercial Mortgage in Canada

For those who are new to the commercial mortgage policy, it is simply a regular mortgage bought against a commercial property instead of a residential plot. The commercial property need not be used just for stores, offices or warehouses. They can be used for residential houses or land improvements as well, as long as the mortgage buyer stands to earn a monetary return from the property.

Contact Us for a Quick and Easy Commercial Mortgage Application Process!

What Does a Good Application Have?

At Least a Three Year Tax History

In all cases, be it a new venture, an expansion plan, a rental home construction, or just a property improvement, at least three years of tax returns and the latest bank statements need to be attached in the application.

Detailed Business Projections

Clear plans and precise reasons for your business projections that are going to be executed through the plot needs to be included. To secure the best commercial mortgage rate one has to concentrate on presenting a good plan other than the regular mortgage requirements.

A Significant Down Payment

As commercial mortgages has a slightly higher percentage of down payment to be made, it will only give you a better deal to keep available at least 30% of the value of the property in hand during the application.

Reliable Credit History and Asset and Liability Documents

Your credit history will matter significantly in the application, but has a lower weight age than the business plan and down payment criteria. Other documents such as additional assets and liabilities can also help you be more transparent and more reliable as a borrower.

Seeking for the Best Commercial Mortgage Lenders in Ontario? Contact Us and Get Access to Them All!

Ineluctable Benefits of a Commercial Mortgage with Top Rate Mortgage

Avoid Risk of Facing Increased Rental Charges
Free Your Capital and Increase Your Working Capital
Have a scope for Sub-letting or Leasing areas of the commercial property
Interest payments on your Commercial Mortgage is reduced from your taxable amount
Commercial Mortgage is usually the only and best way for a Start-up without enough cash liquidity

By The Mortgage Centre Blog commercial mortgage rates, commercial mortgage rates Markham, commercial mortgage rates Richmond Hill, commercial rate mortgages Markham, commercial rate mortgages Richmond Hill Read more...

07 Mar

Why Lenders Don’t Tell You the Benefits of Adjustable Mortgage Rates?

Adjustable Mortgage Rates are quite disputed as the less beneficial plan, as the risk associated is indefinite. But has anyone told you how adjustable mortgage rate can help save you thousands of dollars flowing simply towards interest payments? Get to know why adjustable mortgage rates are the most preferable when it comes to a long tenure mortgage.

What Are the Rates Printed on Those Banners and Posters?

Mortgage lenders display one of their best rates among all their bill boards and poster, which we are all aware of. These rates which attract most clients, are they actually offered? Yes, they are the rates offered for Adjustable Rate Mortgages. Now that we know adjustable mortgage rates are pretty lower than that of fixed rate mortgages, we are yet not satisfied enough to take such a risk of unpredictable fluctuation. So let’s understand more.

Contact Us to Know About the Current Ongoing Adjustable Mortgage Rate in the Market!

How long are You Going to Actually Stay in the Home?

We all know, lower the mortgage period, lower the risk the lender assumes and hence give a better rate than a longer period mortgage. But in the long term, adjustable rate mortgages have a much lower average mortgage payment rate than that of fixed mortgage rate, and in short term lenders eventually offer a lower rate in both cases (average or fixed).

Adjustable Mortgage Rates are much Lower that the market rates in their initial period.

In the second scenario, adjustable mortgage rates are quite lower in the introductory period in order to attract clients which give us an upper hand in case we want to sell the house. When one wishes to sell a house which is currently under a mortgage, the equity amount is what the owner gets and the rest is collected by the mortgage lender.

Let’s say your mortgage tenure is of 30 years, but plan to sell your home ten years down the road. You equity value in case of average mortgage rate would be higher than that of the fixed mortgage, as lower payments towards interest would be paid, and more principal amount would be cleared off.

By The Mortgage Centre Blog adjustable mortgage rates, adjustable mortgage rates Markham, adjustable mortgage rates Richmond Hill, adjustable rate mortgage, adjustable rate mortgage Markham, adjustable rate mortgage Richmond Hill, adjustable rate mortgages Markham, adjustable rate mortgages Richmond Hill Read more...

25 Feb

Did You Know About the Five Year Fixed Rate Mortgages in Canada?

Most mortgage borrowers prefer mortgages that extend for more than a decade, hence there is little knowledge about the five year fixed rate mortgages in the Canadian mortgage market. The other type of mortgages may have variable or adjustable rate mortgages wherein the rate of interest varies with respect to a base agreed upon in the agreement. But in a five year fixed rate mortgage you monthly payment will remain fixed over the total five year period.

At the end of a fixed rate five year mortgage, either your mortgage is totally paid back or you are moved to an SVR by your mortgage, where SVR refers to Standard Variable Rate category. The SVR here could be higher or lower than your fixed rate of mortgage. If you are willing to go for a mortgage which has short duration, a fixed rate five year mortgage is surely the choice.

Contact Us to Avail a Five Year Fixed Rate Mortgage Right Away!

A Five Year Fixed Rate Mortgage come with benefits which are much thought provoking for any mortgage borrower:

Lower interest rate

Interest rates are lower for shorter periods when compared to longer periods. So, in a fixed rate five year mortgage, you will be able to command lower interest costs, and also get your mortgage renewed at the end of the five year term, in case you want more time to repay your mortgage.

Certainty in finances

When you need to project your finances for the near term future, or longer, you have your interest cost fixed and determined as it is a fixed rate five year mortgage. Even if the interest rates rise in Canada, your mortgage shall remain untouched.

Pre Approve Your Five Year Fixed Rate Mortgage with Us and Keep Your Finances Well Estimated!

Scope for availing opportunities

If your interest costs are fixed and you are able to project your cash flows and income properly, there is scope for more mortgages in the future. In a Variable Rate Mortgage, as the interest costs are variable, one may not be able to ascertain certain figures that are needed to present while applying for a loan, and lose out the edge on availing a loan.

By The Mortgage Centre Blog 5 year fixed mortgage rates, 5 year fixed mortgage rates canada, 5 year fixed mortgage rates Markham, 5 year fixed mortgage rates Richmond Hill, fixed mortgage rates, fixed mortgage rates in Markham, fixed mortgage rates in Richmond Hill, fixed mortgage rates Markham, fixed mortgage rates Richmond Hill Read more...

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