Canada Mortgage Broker
Canadian Mortgage Broker
Canada Mortgage Broker is a unique solution for your mortgage needs. It is our goal to put YOU in the best mortgage possible regardless of your situation. Refinancing or purchasing Canada Mortgage Broker will get you approvals faster and easier.
Canada Mortgage Broker does not collect fees from the people we help. We simply find you the best mortgage broker for your situation.
Where do you stand?
All mortgage applicants fall within of a few categories:
- Good credit clients with fully provable income
- Bruised credit clients with fully provable income
- Good credit clients with non-provable income (usually self-employed)
- Bruised credit clients with non-provable income
Canada Mortgage Broker has access to the most seasoned mortgage specialists in Canada. Your licensed consultant will be chosen based on their experience in working with your situation.
How Canada Mortgage Broker Is Different
Canada Mortgage Broker is able to get the best results through our extensive mortgage broker network. At Canada Mortgage Broker we work with the most proficient brokers in Canada that cater to your situation.
Our brokers want to make your experience as easy as possible but also want to get you the best deal available. Send us you application and we can take care of the rest. Within 24 hours upon receiving your application a licensed mortgage broker will contact you at a time of your convenience.
Canada Mortgage Broker finds the broker that can find the best lender for you!
Why Use Canada Mortgage Broker?
Canada Mortgage Broker is a free service designed to get you the best mortgage possible. We simply find the best mortgage broker for you. You do not have to pay anything out of your pocket for this service and there are no strings attached.
There are over 80 mortgage lenders in Canada all with different mortgage products and varying pricing. Canada Mortgage Broker professionals have saved their clients thousands of dollars in mortgage fees and mortgage payments just by finding the best lender for the situation.
Mortgage Broker in Canada
Purchase or Refinance
A Mortgage Broker in Canada has access to proven mortgage professionals for both purchase and refinance. Want to pay off some credit card debt? Need some extra cash? Tell us your situation today.
Canada Mortgage Broker Definition
Refinance/Mortgage Renewal: The replacement of an existing debt obligation with a debt obligation bearing different terms. A new mortgage can access your household equity which can be used to pay credit card debt, for renovations or a vacation for the family.
Fact: Over 50% of mortgage renewals are completed through the same lender that held the original loan.
Don't just sign on the dotted line. Canada Mortgage Broker can get you a better mortgage at no additional cost to you. This is one of the most important financial decisions a person can make. Do your home work and get a professional on your side today. Make the lenders work for your business.
How the Lending World Goes Around
If you walk into a bank and ask for a mortgage they do not automatically give you the best interest rate and terms. In fact some institutions have a policy which increases pricing slightly for renewals. This is termed in the industry as “pinching”. The big banks understand that most people will automatically sign the renewal form without even looking at it!
Canada Mortgage Broker allows you to search for the best deal possible without leaving your home. Our specialists work with you over the phone/email/fax to get you a better mortgage.
Just fill in our online application and you will be contacted by a mortgage professional within 24 hours.
Buying a Home
Buying a home is one of the biggest financial and lifestyle decisions you will make in your life. Canada Mortgage Broker can help you regardless of your situation. Our brokers can get you a pre-approval prior to going shopping or can get you an approval upon signing the purchase agreement.
Most lenders use the following guidelines to determine your financial capacity:
Collateral: This refers to the subject property. Questions that often arise are: Is the property in average or better condition? Is the location of the property adequate? Is the value of the property justified?
Canada Mortgage Broker Tip:
Mortgages often require an appraisal of the subject property. This includes an in depth analysis of the value of the property by a licensed appraiser. This report is then used by the lender to calculate a lending value.
Capacity: This refers to the clients' ability to repay the mortgage, most often referring to income. For employed individuals lenders usually require some proof of income. They can also take into consideration other sources of income such as rental suit income, disability income and pension.
Canada Mortgage Broker Tip:
Some mortgages can be obtained without proving income as is most common with self-employed individuals and commissioned salespeople. These are referred to as States/Non-Income Qualifier mortgages.
Credit: Your credit history is examined in an attempt to determine your willingness to pay debts. This is done through a credit check using Equifax Canada. Equifax provides lenders with a report indicating current and past trade-lines, payment history and credit depth.
Canada Mortgage Broker Tip:
Have you had credit issues in the past? Don't be discouraged, Canada Mortgage Broker has specialists available to boost your credit score before getting a mortgage. Even past bankruptcies can be dealt with. Send us your application today!
Find a mortgage that is right for you. With over 50 lenders you need a professional in your corner. Canada Mortgage Broker can set you up with the best broker for your situation regardless of credit challenges, self employed/non provable income or any other circumstance standing between you and a mortgage that makes sense.
Mortgage specialists are available across Canada and upon receiving your application you can expect to be contacted within 24 hours.
Research Links
Equifax Credit Education Centre
Canadian Mortgage and Housing Corporation: Home Buying Step-by-Step
