Jean Richer & Irene Bilinski
Bilingual Sales Representatives

Ottawa Mortgage - Get Pre-Qualified Today

Ottawa Mortgage - Get Pre-Qualified Today

Regardless of the place you decide to purchase a house, your home will always be one of the the biggest investments you will ever make. Before the keys get handed to you, a lot of research is supposed to be done. The research entails mortgage financing and security financing. Since your home is the most expensive purchase you could ever make, it is necessary to pay attention.

In 2011, the Canada Mortgage and Housing Corporation conducted a survey that showed that 81% of recent buyers will at some point rely on a mortgage specialist.

In instances where a person decides to use a mortgage broker, the broker acts as the link between you and the bank or lending agency. Mortgage brokers will always negotiate the best rates that their clients could get on your behalf. Mortgage brokers work in conjunction with so many different lenders in order to secure the best terms and rates for their clients.

You should use a mortgage broker because:

  • Mortgage brokers offer their services at no cost to borrowers.
  • Mortgage brokers can assist people with poor or bad credit access a mortgage.
  • Mortgage brokers advise you on keeping your credit score high
  • Mortgage brokers save lots of your time.

As you decide on what kind of financing suits your needs, the following are key elements that you need to know. A mortgage mortgage broker will discuss these with you.

  • Hidden Costs
  • Prepayment
  • Breaking the mortgage: Penalties involved
  • Payments Frequency

Mortgage brokers work with more than 50 lenders all over the country. These include Royal Bank, TD Canada Trust, ScotiaBank, CIBC and more.