Mortgage Broker Markham
5 YEARS
SPECIAL
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How Can Mortgage Brokers Help You?
Mortgage broker Markham
Making the decision to buy a home is one of the biggest and most important you will make in your lifetime. Allow our team at LowRateMortgage.ca a to help you secure the loan you need to buy your dream home, starter home, or even a second home. As a mortgage broker, we can provide you with the best access to loans that fit each one of your needs. Our goal is simple, and we want to connect you to the mortgage lenders that can fund your purchase with the best interest rates and mortgage terms. At Lowratemortgage.ca, you do not have to worry about paying us for our service. In many ways, we are here to assist you in navigating the complex world of private mortgage lenders, credit unions, B lenders, and more. This is such an important decision that will impact your
Finding the loans best suited for you
The lower the interest rate, the more affordable the loan is to you over the loan’s lifetime. The lowest annual interest rate means lower monthly payments.
The term is the length of the loan. Typically, the length ranges from 5 to 25 years, but some alternative lenders may allow for longer loan terms
The larger the down payment that you make, the more affordable the loan is to you because there is less interest to be charged to you. Lenders must consider the loan to value of the home. The more of a down payment you have, the lower the interest rate they may charge to you. However, options exist for many needs.
Let Us Help You Secure the Best Loan for Your Needs
The process of working with our team is to help you find the best mortgage loan. To do that, we will work with you through a process to compare options and help you choose the best one for your needs. Here is a look at some of those steps and what you can expect.
Let's talk about your needs first
One step we take is gathering information about you and your goals. For example, we look at your income and expenses to help determine how much you can make in a monthly payment on your mortgage loan. To do that, we consider your credit score, debts, down payment, and other insights that help determine how much risk you present to lenders. The more information we have, the better. Before you start shopping for a home, it is important to know how much money a mortgage lender will offer you based on these figures and your credit report. Big banks often provide a simple yes or no. They may not offer you options if you are a higher risk borrower, such as if you want a self employed mortgage or you may not have the best credit score. We take all of this into
consideration after you submit your mortgage application.
We also want to know what you need. How much do you hope for a financial institution to offer you? What is your budget for monthly payments? Do you have a specific goal in mind regarding the minimum down payment you plan to make, or do you want a no down payment loan?
Types of Loans We Can Help You With
If you are considering a loan, debt consolidation, or refinancing, allow our team at Lowratemortgage to help you. As your mortgage broker, we want to provide you with the information and insight you need for all of your loan options. Here are some of the best options to consider.
Most people obtain a loan through a traditional mortgage lender. These are regulated lender mortgage offers. That means that the mortgage must meet all the guidelines set by the country and province. That is not a bad thing. However, there are often particular rules on these lenders. For example, you may need mortgage default insurance if you do not make a full 20% down payment on the loan. This is an added cost that you may have to pay. A traditional mortgage may also have other rules. For example, you may need a minimum down payment, a minimum credit score, and a loan to value ratio that fits the lender’s requirements. Fixed rate and variable rate loans may be available to you
A private mortgage lender is a bit different. A provide lender is a type of alternative lender. That is, they can offer more lending options to people who may have trouble getting a traditional mortgage. They may be able to help those who want to buy a home but have bad credit. They may also help with those who have a strong credit history but may have self employment income. If you are having trouble obtaining a mortgage through a traditional bank, a private mortgage lender could be a viable option. Private mortgage interest rates may be a bit higher if you have bad credit or not a lot of credit history. That is not to say that they cannot be affordable because often, a private mortgage lender can offer a competitive rate to you. Most private mortgage lenders are still excellent lenders in terms of offering competitive interest payments. As mortgage professionals, these lender mortgages can be competitive for some people. That is why, as your mortgage broker, we want to consider these other private lenders as an option
Get Professional Mortgage Advice & Save Thousands
With The Lowest Rates AND a Best Mortgage Fit.
What You Need to Know About Home Mortgages
Working with a mortgage broker allows you to learn a great deal about your options. Mortgage
brokers can also help answer your questions and educate you on the process. Here are some of
the most common questions individuals have
Not always. If you need commercial mortgages to buy real estate for a business, we can also help you with that. We work with financial institutions that often offer loans specifically for this need.
How to Work with Lowratemortgage.ca
Outstanding access to qualified lender mortgages
Lowratemortgage.ca helps you to connect with the best mortgage professionals in the industry. We can help you with private lenders, credit unions, B lenders, and others. We can also help you to find the loan that works to meet not just your financial need but a loan you feel good about using.
Exceptional Communication with our Mortgage Professionals
You can trust our team to guide and support you through this process. We make it our goal to ensure you always have the support and help you need when you compare lender mortgage options and more. We are here for you. Just ask us questions about anything including Canada guaranty, fixed rates, variable rates, the current mortgage market and more.
Options for most borrowers are available
With our connections to private lenders, B lenders, and many other options, including uninsured mortgages, we are confident we can help you. We often help borrowers who need support for Canada guaranty rules, loans for bad credit, or options for self employed borrowing. You may not even be sure what type of loan best suits your needs. It sure can be not easy trying to navigate it all. With our help, you do not have to.
Affordable loans to fit your needs
Most people do not care who they borrow from; they just want the best rates out there, even if they need private mortgages or a B lender mortgage, which often increases costs. We work with you to find the best interest rates possible. That means supporting you as you compare loan terms of all types. We can help you to find low interest rates from big banks or help you get approved for a mortgage from a small private lender with excellent offers right now. We will help you to save money.
Outstanding lending insight
It is not common to find mortgage lenders willing to tell you about other lenders or loan programs they do not offer that could meet your goals. We do, though. Whether you want private mortgage lenders or b lenders for alternative options in borrowing, we are happy to educate you about the risks, opportunities, costs, and borrowing processes
Support for uninsured mortgages
Many people who obtain a loan through a traditional financial institution will need mortgage default insurance. It helps reduce the amount of risk the lender takes when approving a loan. However, we can help you save with uninsured mortgages. Some private lenders and B lenders do not require this type of insurance protection. Let’s talk about a B lender mortgage or a private mortgage that could help you here.
Responsive Service
You do not have to wait long to learn about the lender mortgages you qualify for or the best mortgage rates available to you. We can get you started right away. Give us some information and we will go to work with you verifying private lenders, traditional loan options, and B lender mortgage options as well. We can work quickly to help get you into a loan that fits your needs now.
Let Lowratemortgage.ca Help You Today
Contact Lowratemortgage.ca now. When you do, our team can begin to help you with any option to fit your needs including for:
- Self employed individuals
- Borrowers who need lender mortgages with lower mortgage rates
- Borrowers who have less than desirable credit
- Those who do not want to pay mortgage default insurance
- Those who wish to learn about private mortgages and other lender mortgage options
Take a few minutes now to get started. All you have to do is provide us with a bit more information about your needs. Our team is dedicated to working closing with you to get the process started. There is no risk in reaching out to us either.
