Canadians who are looking to buy a home will generally require a mortgage to help them realize their dreams of home ownership. However, getting started on path to securing a mortgage can seem cumbersome and quite daunting. If you are looking to get into home ownership in the Burlington or Waterdown area and are wondering how to go about getting the mortgage you need, here are some tips:
Get Help With a Mortgage Broker
One of the first things you should do is consult with a professional mortgage agent who has experience helping Ontarians secure the mortgage they require to buy a home. Doing so will put you on the right path without having to go it alone, spend a lot of time guessing at mortgage terms or applying to multiple banks. A mortgage expert can educate you on the entire process of obtaining a mortgage, and will gather all pertinent information about your finances to ensure that the package they get for you is right for your present situation and future goals.
Your mortgage professional will do their very best to help you get pre-approved for a mortgage before you start looking at homes so that you shop for properties that fall only within your budget. Your agent will assess things like your income, credit history, and all outstanding debt to assess how much you can comfortably afford and get you pre-approved. Even if the banks turned you down, they have access to many types of lendersto get you approved.
Let Your Broker Shop & Negotiate For You
One of the greatest advantages to having an independent mortgage broker work for you is that they will negotiate with lenders on your behalf to get as low an interest rate as possible. And they do so without charging you any fees! Having an expert on your side to take over the negotiation process is a great help.
Call the Experts Today
Now that you have a general idea of how to get started in the mortgage process, you need someone highly capable on your team, like Lee Anne Taylor of Home Loans Ontario. Lee Anne has years of experience helping people in the Greater Toronto – Greater Hamilton area with the mortgage process, regardless of their financial situation. Even if you have had trouble getting approved for a Burlington Waterdown mortgage with a traditional bank in the past, Lee Anne can help find you a lender. She can also get you a great rate on a cottage mortgage, mortgage renewal, home equity line of credit or second mortgage.
Call Lee Anne and her team today and let her provide you with impeccable service at no cost to you!