MORTGAGE BROKERS IN BELLEVILLE

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• What Is A Mortgage?

A mortgage is a loan taken to purchase a property or against a property. The agreement between the lender and the borrower stipulates the conditions of the loan, such as the principal amount, and the amortization of the loan.

The lender will take temporary possession of the property in question until the borrower completes paying the loan. Defaulting the loan results in the automatic loss of the property.

Our Mission

We Get And Secure The Best Mortgages Available!

We know how to use the competition between lenders to your advantage. We are loyal to our clients, which is why we try our best to get you the rates that make you comfortable. We also utilize the relationships we’ve built with lenders over the years to compare the deals and recommend the ones we think will be perfect for your situation. Our contacts include traditional lenders as well as private lenders. Don’t worry if your bank has turned you down. We will extend the search to private lenders and negotiate for the perfect deal.

Tailored Services For You

Our brokers will make sure to create a tailored approach to your situation. We take our time to understand it well, because we believe that is the only way to guarantee effective solutions. We take you on as a client with the goal of making things simpler and less complicated for you. We don’t rush into closing to ensure you get enough time to compare the rates, fees, and all the other factors in the mortgage. We don’t limit your mortgage options either. You will get a chance to consider every lender and mortgage type that we think suits your situation.

Straightforward Services To Save Time

One of the benefits of working with a mortgage broker is to avoid unnecessary time wastage. We will use your qualifications to identify suitable lenders in our portfolio. To get you the best fit, we consider your credit history, your income, and your ability to keep up with regular payments. Our connections are perfect for clients with various needs. We’ll ensure you don’t go around being interviewed by several lenders in vain. We can also handle your pre-approval process as you look for properties.

Domestic Knowledge Expertise

The availability of several residential mortgage options can be very confusing, especially if you are a novice in the industry. Even if you’ve dealt with a mortgage before, it’s easy to ignore some of the crucial aspects that can make a huge difference in your experience and finances. You need brokers that can pay close attention and point out the differences in the mortgage you’re interested in. We have partnerships with many lenders in this category, but that doesn’t cloud our judgment. We still use the differences to ensure they match your case. Involve us in your search and allow us to handle your case professionally.

Strategic Mortgage Refinancing

Sometimes mortgage refinancing doesn’t make sense when done under the wrong circumstances. You could end up with more financial pressure or, in the worst scenario, lose your property. You should only refinance the mortgage when you have higher chances of making profits from the deal. We will give you an unbiased opinion to ensure you don’t suffer the consequences of a poor debt decision. We can give you more insight into your financial abilities as we shed more light on the conditions that come with such loans, and what will be expected of you. Contact our team today, and we will help you avoid one of the common mistakes in the mortgage industry.

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• Do I Get To Select A Convenient Repayment Option?

Yes. You will get a chance to choose one of the two main options available. Your choice should depend on how much stability you want during the loan term and how much you’re willing to overlook for low rates.

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• What Benefits Will I Experience If I Choose Pre-Approved Mortgages?

Since you will give the lender your financial information beforehand, they will determine whether you qualify for the amount you want. They will also have enough time to verify the information, which reduces the total time it takes for the application to be approved. You will not waste time on properties you can’t afford, and it won’t take more than 120 days before you know the way forward.

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• Variable Or Fixed Rates -Which Should I Choose?

You can choose the one that suits your situation best. For variable rates, you won’t have the certainty of knowing what your next payment will be. For fixed rates, you’ll end up paying higher interest.

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• How Much Should I Set Aside For A Down Payment?

If you can place more than 20% of the property price, go for it. If you can’t, let the minimum be 20%. Some lenders will allow less than 5%, but that will overburden you because you will have a higher mortgage.

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• Terms To Know Before A Mortgage Closing

Amortization is the time it takes to complete paying off the mortgage.

Home Inspection Fee is the money paid by the buyer to affirm the structural integrity of the property.

Down Payment is an amount expressed as a percentage of the property price that the buyer had to pay from the pocket.

Property Transfer Tax is the tax paid when a property is transferred to someone else.

Mortgage Loan Insurance is the insurance used when a down payment is less than 20%.

Deposit is the amount the buyer uses to secure the property.

Appraisal is a process of determining the value of a property.
Turkin Mortgage brokers in Belleville are experts that care about clients best interests. Our credibility comes from the quality of our services. Give us a call today for a free consultation!