Finding a home in the GTA should start with a call to your mortgage broker. Whether you are a first time home buyer or looking to move up, your mortgage expert can help you determine what you can comfortably afford. By sitting down with you to look at your down payment/equity, income, debts, expenses and personal preferences, they can help you determine the price of house you can afford. They can also help you get pre-approved, so you can shop for that home with confidence.
Claire Drage, head of Mortgage Medics and a trainer of other mortgage professionals, explains, “With the extremely low interest rates we are seeing now, this is a great time to buy a home in Toronto and the surrounding areas. The real estate market will continue to remain strong as long as interest rates stay low – driving home prices upwards. Even if you have less that the traditional 20% down payment, are self-employed, have bad credit or are new to Canada, we can find you a mortgage.”
Unlike loan officers at banks, mortgage agents work for you. They only need to pull your credit report once and can shop your loan to lenders all over Canada including banks, finance companies, credit unions, trust companies and private lenders. “I work with clients to improve their credit scores so they can qualify for the best rates. Even if we can’t find them a lender, we can refer them for a rent to own home program so they can still get their home now – before rates rise, and start earning equity.”
Mortgage professionals can also refer you to trusted colleagues in the real estate industry that you may need when purchasing a home. These referrals can be to appraisers, real estate agents, insurance brokers, lawyers, notaries, home inspectors, decorators or contractors.
If you are sick of paying bank rates and want the best care – call Mortgage Medics! They even make house calls! For a mortgage in Markham, Mississauga, Brampton,Vaughan, Scarborough mortgage, Oakville, Milton, Toronto, Thornhill, Etobicoke or anywhere in Ontario, call (905) 847-6611.