- We receive and respond to your inquiries faster than anyone
- We do it with the courtesy and respect that you deserve
- We answer all questions and explain anything that is unclear
- We always get the best rates from any lender out there
- We make sure your mortgage is a pain-free process
FIVE STAR CUSTOMER SERVICE!
FSRA#13501
+1 866 921 8890
we are committed
MORTGAGE BROKERS IN BARRIE
Who Stands To Change The Industry
TALK TO A MORTGAGE SPECIALIST
Let's Get Started
Barrie’s Best Mortgage Brokers Welcome You!
Home Refinancing Specialists Available in Barrie
Unparalleled In Any Capacity
Our mortgage agents in Barrie quite simply have no equal in any aspect. Knowledgeable, friendly, and fast, our staff is ready to help you in any way possible. Just call us first so best mortgage broker Barrie can get to work for you.
Do not make the mistake of hiring an inexperienced agents. Hire us and get moving on your new life in Barrie. Hassle-free, the best rates and top-notch professional service is what we offer you. Call us today at +1 866-921-8890!
Our Barrie Based Mortgage Brokers Offer The Following Services
First-Time Homebuyers
In Toronto, our specialized advisors are experts in assisting first-time homebuyers, ensuring optimal mortgage solutions and seamless navigation of incentives for a stress-free purchasing experience.
Mortgage Refinancing
Explore personalized mortgage refinancing solutions to meet your specific requirements. Use your home's equity to fund renovations, investments, or education, while conducting a thorough analysis of rates, savings, terms, and penalties. Strategically refinance with access to up to 90% equity.
Mortgage Renewals
Maximize your mortgage renewal opportunity. Don’t miss out on securing better terms, rates, terms, and lender options. Contact your mortgage broker three months prior for personalized financial benefits.
Private Mortgage
In the Canadian mortgage market, private lenders step in when traditional options fall short. Focusing on property value rather than credit scores, they offer personalized, short-term mortgages to assist borrowers in need.
Second Mortgage
By tapping into the equity in your property, a second mortgage, commonly called a home equity loan, offers significant funds but comes with higher costs and risks. It is an excellent option for debt consolidation and investing, giving you access to up to 90% of your capital.
Self Employed Mortgage
A significant portion of self-employed Canadians, over 15%, encounter challenges in obtaining mortgages due to income verification requirements. Effective management of expenses, credit, and savings is essential for self-employed individuals seeking mortgage solutions.
Construction Financing
Building your dream home entails commitment and financial backing, typically with down payments spanning from 25% to 35%. Thoughtful strategizing, such as allocating 15% for contingency funds, can mitigate the potential risks inherent in construction financing.
HELOC
In the Canadian mortgage market, a HELOC offers adaptable access to up to 65% of your home equity, boasting low-interest rates. However, maintaining discipline is crucial to avoid overspending and ensure quick repayment.
$1000 Cash Back or Free iPad
When You Close With Us!
why us
Barrie is a fast-moving, always growing city located in Southern Ontario, Canada, on the western shore of Lake Simcoe. For the past 10 years population of Barrie grew by about 60%, and currently exceeded 130,000 permanent citizens.
When you come here for a home loan, regardless if it’s for residential, commercial, or both, just remember to call us first so Barrie’s best mortgage brokers can get to work for you. Whether it’s your first mortgage, refinancing, or other, we are the place you should call first in order to ensure you get the best deals possible, along with the greatest service you’ve ever experienced.
Best Stress-Free Mortgage!
We Will Answer Your Phone Calls!
Have Your Financial Interests In Mind!
Get You Rates Others Will Not!
Mortgage Offers
...pick the one thats right for you.
Featured Mortgage Rates
construction mortgage
starting from
6.45%Heloc
| Term | Rate |
|---|---|
| HELOC | 6.45% (Prime rate) |
Fixed
| Lender | Rate | Term |
|---|---|---|
 Lendwise |
4.19% | 5 year |
 First National Financial |
4.44% | 4 year |
 RMG Mortgages |
4.44% | 3 year |
 Street Capital Bank |
5.34% | 2 year |
 TD Bank |
4.84% | 1 year |
Variable
| Term | Rate |
|---|---|
| 5 year variable | 5.3% (Prime - 1.15%) |
| 3 year variable | 5.6% (Prime - 0.85%) |
OTHER
| Term | Rate |
|---|---|
| Line of Credit | Starting at 7.2% |
| Equity Loans | Starting at 6.5% |
| Private Mortgages | Starting at 5.99% |
Turkin Mortgage Brokers Barrie
Frequently Asked Questions About Your Barrie Mortgage
-
What Is A Mortgage?
A mortgage is a loan made to buy a property. It is the legal document that carries the amount of the loan, the interest rate, repayment agreement and any other terms and conditions. The property is used to secure the loan. The lender may foreclose on the property and sell it to recover his money if the borrower defaults on payments.
The amount borrowed is known as the principal. Every time you make a payment, you pay the interest and a portion of the principal. In this way, the principal amount reduces over the term of the mortgage.
Types Of Mortgage Which We Offer
Mortgage Refinancing
Mortgage refinancing in Barrie has never been easier now that we’re here. We are the champions when it comes to getting you any kind of mortgage, and that includes refinancing. If you want someone who can get the job done, get it done right, and get it done while treating you like you are a real person, call us today. The process is just like any other for the services we provide.
Our fantastic staff is there for you, no matter what your needs might be. Although we probably don’t know you personally, it will seem like you have an old and trusted friend behind you when you work with us. Call us and know the difference between a good broker and great broker from first contact with us. Let us help you get what you’re after and leave you with extra time to get other things done.
Commercial Mortgage
Barrie is growing, and that means it is critical to get your business up and running quickly to capture a great market share. Our commercial mortgages are done just like our residential ones. When our agents are assigned to you, they get to work with you knowing you are in the best possible position. We move with the same speed, courtesy, and deal-making capabilities that allow us to give you a great house loan. Don’t lose out on potential customers and sales just because closing your deal is taking too long.
Private Mortgage
Waiting to move into your home should not happen at all, unless you just simply aren’t ready. Getting a residential mortgage in Barrie should not take forever, leaving you and your family in limbo until all the paperwork is done. Our experts are fully prepared to get your case done rapidly, correctly, and cheaply. We promise the rates you get with us cannot be beaten by anyone. In fact, we guarantee it.
-
What Are My Choices When It Comes To Repayment Plans?
There are two types of repayment plan
An Open Mortgage Repayment Plan
If you have an open mortgage plan you can pay off your mortgage at any time without incurring penalties. You can also make large repayments whenever you want. These mortgages are usually short term, typically six to twelve months and the interest rates on these instruments are generally higher.
A Closed Mortgage Repayment Plan
The term of a closed mortgage is longer, running for periods of six months to ten years. Closed mortgages limit your options when it comes to making repayments. You will incur penalties if you decide to pay early, renegotiate or refinance your mortgage. The bank lender will also limit the lump sum payments that you make against the mortgage.
-
Should We Seek Pre-Approval?
Pre-approval is a great option, as you can go property shopping in the certainty of receiving a mortgage that will cover the cost.
- Pre-approval can save you time and effort as you know ahead of the house-hunt exactly what property you can afford.
- It puts you in a strong negotiating position as the seller knows that you already have the funds available.
- With a pre-approval, you’ll also know what interest rates you can expect and what your monthly payments will be so it makes it easier for you to budget.
- When you obtain pre-approval, the interest rate is fixed for a period of between 60 and 120 days.
-
What Is The Difference Between Fixed And Variable Rates?
There are several differences between fixed and variable rate mortgages. The correct one for you will depend on your risk appetite and view of the future direction that interest rates will take.
Fixed Mortgage Rate
If you opt for a fixed rate mortgage the interest rate that you negotiate will remain fixed for the full term of the mortgage. This type of mortgage is popular as it is a low-risk choice. On the downside, you are likely to pay more interest over the longer term.
Variable Mortgage Rate
The variable mortgage rate is connected to prime. In fact, your mortgage rate is quoted as prime less a percentage. As prime moves, so does the rate of interest on your mortgage. Many property owners are not prepared to take this financial risk even though, over time, the variable rate is lower than the fixed rate.
-
How Much Will We Need For The Down Payment?
To secure a mortgage you will have to make a down payment. The size of the down payment that you can put down will have a major effect on the size of your mortgage and the repayments that will have to make. The more you have to put down the better.
If you can make a down payment of 20% or more, you will have a conventional mortgage. If you can’t afford a 20% payment, you may have to settle for a high ratio mortgage. A high ratio mortgage attracts mortgage default insurance. You can pay this in a lump sum or in monthly instalments. The insurance covers the lender in case of a payment default.
-
What Are Closing Costs?
Closing costs are all the costs that are associated with getting a mortgage. You can expect your closing costs to total between 2% and 4% of the mortgage. These costs usually include;
- Appraisal fees – an appraisal of the property is often a lender requirement
- Home inspection fees
- Legal fees
- Realtor fees
You should also take account of the cost of moving when budgeting and don’t forget the property tax.
-
What Are My Choices When It Comes To Repayment Plans?
When first you take out a mortgage it may seem next to impossible to pay off your mortgage more quickly, but many have done it and reaped the benefits of reduced interest costs. Here are some strategies that you can use to pay off the mortgage
- Make Pre-payments – Some mortgages allow anniversary payments of as much as 20% per annum. If you have a bonus or tax refund paying it into your mortgage will help you to quickly pay it off.
- Make a Lump Sum Payment
- Make a Bigger Down Payment
- Make More Frequent Payments – Making payments weekly or fortnightly will save you interest.
- Amortize your mortgage over a shorter period – If you can afford higher repayment, paying your mortgage off in a shorter period will save you on interest.
-
Terms That You Should Know When Closing A Mortgage
Amortization: The length of time that you will take to pay off your mortgage. It is typically considerably longer than the term of the mortgage.
Appraisal: a professional evaluation of the property value.
Deposit: payment made to ensure that the house is held for the buyer.
Down payment: a percentage of the cost of the property that the mortgagee must pay to close the deal.
Home inspection fee: the cost of hiring a qualified person to inspect the property for structural integrity prior to purchase
Loan to value ratio: the size of the mortgage relative to the property value. The lower the loan to value ratio the better.
Prepayment option: this option allows you to make certain specified pre-payment amounts of the principal amount. These options come with and without penalties.
Property transfer tax: a tax on the transfer of property from one owner to another.
Mortgage loan insurance: insurance for buyers who do not have the required down. payment. The cost of the insurance will depend on the size of the loan.
Term: the length of time that your mortgage will run before it requires renewal.
Let's Get Started
You Have Questions. We Are Here To Help!
Call us: +1 866 921 8890
or
Google Reviews
Turkin Mortgage
powered by
Henry Wright
Was looking for a mortgage broker in Toronto. Heard about Leon and his team from a co worker and decided to give them a call. after some time on the phone talking about mortgages and what would work best for me I was VERY impressed. They were polite and most importantly they knew what they were talking about. We then scheduled an appointment and I got my mortgage with a great rate. Definitely recommend.
Gina Carroll
Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.
Wilton Marble
A little while back my wife and I finally decided to stop renting and get a place of our own. After some searching we found a condo we both liked and that was in our price range. The next step was a mortgage, but honestly, neither of us knew too much of what we were getting into. We found Leon and his team after a quick search on google and have had a wonderful experience. Leon and his team of mortgage brokers are VERY knowledgable, polite, work fast and just all around very professional. They answered all our questions and we got a great rate.
Afton Jaskolski
Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!
Wendy Langdon
Going through with this company was my best decision. These Burlington mortgage brokers are real professionals. They helped me to save thousands of dollars, I'm not sure I'd find such a good offer myself.
Contact Us
Turkin Mortgage Across Ontario
…by providing award winning customer service to each and every single client.
