Mortgages For Homes in Burlington, Ontario

Posted by on July 16, 2013

Buying a Home in Burlington, Ontario

If you’re looking to buy property and settle down in Burlington, Ontario, , you should get in touch with a mortgage broker before you even start looking for the perfect home.   Although many Canadians go to banks to get the mortgage they need to purchase a property, the criteria and requirements stipulated by big banks can often be stringent for a lot of homebuyers to meet. Instead of getting frustrated being turned down for a mortgage by these institutions, deal with an independent mortgage broker for your Burlington Ontario mortgage instead.

Burlington Ontario mortgageWhy Deal With a Mortgage Broker?

A broker who works independently can offer you plenty of advantages as well as free, expert advice. For one, you’ll have the opportunity to look around at what various lenders offer borrowers, instead of just relying on one lender – the bank. By shopping around with many different lenders, you’ll get to choose which one is offering the best rate with the most convenient mortgage package.  You fill out one mortgage application and they shop it across lenders to find you the best deal – all at no cost to you.

By finding the lowest interest rate on your loan, you can essentially save thousands of dollars over the term of your mortgage. Saving money can help you pay your mortgage faster or reduce your monthly payments.  A mortgage professional can show you ways to pay your mortgage off faster, which will help you build more wealth, and improve your credit score.

In addition, if one lender doesn’t approve your mortgage application, you can hop onto the next. Getting approved for a mortgage is much more likely when your loan is shopped around among a variety of lenders instead of just the bank.

Types of Mortgages

Mortgage brokers deal with a number of mortgage types, including:

•           Pre-approvals

•           Refinancing

•           Debt consolidation

•           Home equity loans

•           Cottage mortgages

•           New homebuyer’s mortgages

•           Bad credit mortgages

•           Hard-to-place mortgages

Deal With an Experienced Mortgage Broker

Lee Anne Taylor is an independent mortgage professional with Home Loans Ontario –under the Dominion Lending Centres mortgage brokerage.  Lee Anne is well-versed in the southern Ontario area, including Burlington, Oakville, Milton and Waterdown. When you are in need of a mortgage, give her call at (905) 336-8948 to get the mortgage process started right away!

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