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We provide expert advice, tools, and strategies to help you optimize your mortgage and achieve your financial goals.
Approaching Your Mortgage Renewal?
Approaching Your Mortgage Renewal?
Prepare for your mortgage renewal with these key considerations:Financial planning: Review your financial goals and anticipated changes in income or expenses to select a renewal term that suits your current and future needs.Negotiate terms: Work with a mortgage broker to negotiate better rates or terms; don't settle for your lender's renewal offer without exploring other options.Switching lenders: Consider switching lenders to secure more favourable terms or access new mortgage products that better suit your financial strategy.
Refinancing Your Mortgage May Offer Advantages
Refinancing Your Mortgage May Offer Advantages
Lower Fixed Rate
Take advantage of lower interest rates compared to when you initially secured your mortgage, potentially reducing your monthly payments and overall interest costs.
Debt Consolidation
Merge multiple debts, including high-interest credit cards and loans, into a single mortgage with a lower interest rate, simplifying financial management.
Access Equity
Tap into your home equity to finance major expenses such as home renovations, education costs, or investments.
Financial Circumstances
Adjust your mortgage term or type to match your financial goals, like shortening the term to pay off faster or switching from variable to fixed rates.
Looking to Invest in a Property?
Looking to Invest in a Property?
Define Your Investment Goals
Define Your Investment Goals
Determine the type of property (rental, vacation home) and your investment strategy, considering factors like location, rental yield, and potential for appreciation.
Assess Your Financial Readiness
Assess Your Financial Readiness
Understand mortgage requirements for investment properties, including higher down payments and potential CMHC fees for non-owner-occupied properties.
Seek Professional Guidance
Seek Professional Guidance
Consult with a mortgage broker and real estate professionals to navigate the investment process, from financing options to property management strategies.
Client Testimonial
Client Testimonial
Greg is amazing to work with - he truly goes above and beyond to meet your needs when looking for a mortgage. Greg was always available to take my calls and answer questions, and made the whole process simple, easy to understand, and stress-free. I highly recommend working with Greg!Jessica P.
Frequently Asked Questions
Frequently Asked Questions
Q: How do mortgage brokers get paid?
A: Mortgage brokers earn commissions from lenders upon successfully securing a mortgage for a borrower. This commission is typically a percentage of the loan amount and is paid by the lender.
Q: My current mortgage is with my bank. Can I switch to working with an independent broker?
A: Yes, you can switch to working with an independent mortgage broker when renewing or refinancing your mortgage. Brokers can offer a wider range of mortgage products and rates from different lenders, potentially saving you money.
Q: I'm still in my current mortgage term. When should I start thinking about my renewal?
A: It’s advisable to start considering your mortgage renewal options early, typically about 120 days before your current term expires. This gives you ample time to explore options and negotiate terms.
Q: I'm interested in real estate investment. Where do I start?
A: First step: Reach out to us! We'll help you evaluate your financial situation and discuss your investment goals. From there, we will explore financing options and property management strategies tailored to your needs.
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