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Your Trusted Mortgage Broker in Brantford

Most people overlook the role mortgage brokers play in mortgage acquisition, but that should not be the case. Involving professional mortgage agents when you’re planning to buy a property can make your life easier and help you get the best mortgage deals. Certified Mortgage Brokers in Brantford has some of the best agents that are not only licensed but also experienced.

Closing a mortgage with us has a lot of benefits, such as money-back guarantee and help with your legal fees. We also provide comprehensive services and have a network of mortgage lenders that we can use to give you the perfect solution to your situation.

Benefits of choosing us

Guaranteed hassle-free closing

Certified Mortgage Brokers has agents that are well-trained to handle your exact needs and eliminate the stress associated with closing a mortgage.

Our team is perfect whether you’re looking for a newly-built property for your family or constructing your own property.

We will give you the most suitable options and deals that will suit your lifestyle to ensure you don’t miss out on the investment opportunity you have.

We know about the best mortgage rates out there

Our main goal is to help you find the best mortgages, and that means knowing how to get the best rates. Different mortgages come with different deals that sometimes look good in the short-term but become too costly in the long-term. Working with good mortgage agents that know how to maneuver through the processes to give you the best rates is essential, and our agents can do that for you. We will explore the conditions included in the mortgage and advise you accordingly. Being in contact with multiple lenders that we have had a long relationship with also puts us in a better position to serve you best. Call us if you want the best mortgage rates in Brantford.

Expert mortgage refinancing agents

Refinancing your mortgage means getting a new loan to trade with the old one. This mortgage can give you lower rates, which will reduce your monthly payments. It also allows you to shorten your term or consolidate your debts. You can only enjoy these benefits when you work with mortgage refinancing experts that can simplify the complicated mortgage acquisition process.

Mortgage refinancing also has the disadvantage of bringing more debt that may be more difficult to pay off. If you consolidate your debts and take a refinancing mortgage, you end up with a longer loan term, more interest rates that are sometimes hidden, and more closing costs. There may be other costs that increase the total amount as well. Our expert agents will guide you through the processes and help you determine whether refinancing is a good idea for you.

Customizable mortgage services

When delivering our services, we consider all the factors tied to the mortgage, such as the fees, rates, and other conditions. We also consider your financial ability and the possible changes you may experience in the future. Through these, we can deliver tailored services that ensure you get the kind of mortgage you want.

We value time and resources

Our mortgage agents are available to help you save time and money. The variety of lenders we have will make it easier to narrow down your search and reduce the time you would spend searching for them in Brantford. We have every mortgage option you may need, whether it is a second mortgage, a private mortgage, or a construction mortgage among others.

Our Brantford Mortgage Brokers Offer the Following Services

First-time buyers
First-time buyers
Mortgage Refinancing
Mortgage Renewals
Private Mortgage
Second Mortgage
Self Employed (Mortgages)
Construction Financing
HELOC

Mortgage Brokers in Brantford For First Time Home Buyers

Owning a home relieves you from regular rent payment, but it is one of the most challenging accomplishments to achieve. You need a significant amount of money to pay for the property and might spend more on renovations to make it your own. For most people, saving for such a venture takes years, making mortgage acquisition the only option. However, getting such loans is not easy for first-time home buyers. The uncertainty of how the mortgage will influence your future financial plans and the difficulty in navigating the application process make mortgage brokers valuable partners. Those are some of the factors you must contemplate carefully to ensure you do not end up with more financial stress.
At Certified Mortgage Brokers, we know the differences between mortgages for first-time buyers and the others. We can connect you with suitable lenders and use procedures that make the process seamless. We work closely with our clients and consider all the critical elements like the loan to value ratio when figuring out an affordable loan amount. We recommend that the house bills, including taxes and monthly maintenance fees, be less than 32% of the salary. The loan repayment amount should not exceed 40% of the income, especially if you want an affordable loan management alternative.
Hiring our brokers brings many advantages. For instance, you get numerous mortgage products, unmatched professionalism, and related tax benefits. We consider your income capacity when recommending loans and properties to ensure you do not get overwhelmed with repayment. Our services can make your life easier. If you prefer to get pre-approved mortgages, our brokers will do all the work to find suitable lenders and ensure you get the right property faster.

Your Trusted Mortgage Brokers in Brantford

Our Mission
Our Mission
Why Us
Specials
Your Trusted Mortgage Broker
One of our targets is to keep delivering outstanding services, and our team has what it takes to make it a reality. We rely on our large volume of diversified lenders to provide excellent mortgage services in Brantford. We endeavour to make the mortgage accession as painless as possible, which is why we approach every situation by understanding the client's needs first. We know the financial strain that pushes people into taking mortgages, and we go all out to avoid making it worse.
We want to take a more consultative approach with our clients, meaning we do not withhold relevant information from you. We know nothing can replace experience in this industry, and we believe that delivering personalized solutions is the best way to excel in customer service. Because of that, we give realistic options, but the final decision is still yours. We will include you in every step of the process.
Getting a suitable mortgage can be extremely difficult without expert help. The technical jargon can easily obscure the whole process, especially if it is your first time applying for a mortgage. We can explain the measures and introduce you to a wide selection of lenders to get your desired loan. We reduce the time it takes to find an appropriate loan, which we also ensure comes with the best rates.
Each of our services targets the specific needs of the clients. We have encountered diverse issues and have mastered the art of dealing with each accordingly. We not only exceed your expectations, but we also try to get you loans that can deliver you from debt bondage with time. Our training, skillsets, and diversity in broker and lender options will give you the results you desire.
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Certified Brantford Mortgage Brokers

Things to Know About Your Mortgage

What Is A Mortgage?

Mortgages are real estate funds that you can use to buy a home the first time or borrow against the available property. Getting a mortgage entails having a written contract between lenders and borrowers. The lender considers several factors before giving the mortgage loan. They also take the debtor’s property as security for their money. Failure to pay back can result in losses to both parties. If the house value is less than the amount issued, the lender may not get all their funds back even after selling it. The borrower automatically loses their property if they do not honour the contractual deal.
The mortgage agreement covers every essential component as discussed and agreed upon by the lender and borrower. Examples include the mortgage capital, the amount to be paid with interest and the period you must take before completing repayment.

Certified Mortgage Brokers in Brantford Services

First-time home buyers

Buying a home for the first time involves a lot of preparation and planning that you cannot ignore. The main component of the planning process is getting your finances in order. You must calculate all the costs included in the purchase, and that includes a down payment amount as well as closing fees and monthly mortgage payments you’ll be making. Ideally, your down payment should be more than 20% of the total purchase price. If you have less than that percentage, you can take insurance to help you reduce the monthly payments you’ll be making. The more you can pay from your pocket, the less your mortgage will be. Other ideas you can try include:

  • Building your credit rating to reduce the interest rates and gain access to more lenders
  • Reducing your “income to debt ratio”
  • Calculating the amount you can pay comfortably every month before looking for the mortgage

We believe that your first ownership journey should be an exciting one, and we are here to make it less daunting. We will explore all the possible options to reduce your mortgage, and subsequently, your monthly payments.

Mortgage renewals

Mortgage renewals are a good idea because of the new opportunities they bring. They give you a chance to lower your interest and change other conditions of the contract. Most people in Brantford forego such opportunities and sign the renewal contract blindly. With us helping you out, you will change the mortgage conditions or lenders, and avoid penalties that come with the transfer of the mortgage.

It’s important to note that changing the lender is acceptable, but it comes at an additional cost. Most lenders will penalize you for switching them in a bid to recover some of the losses they have incurred.

Penalties are common when you transfer before your term is over, but the lender may allow you to infuse the penalty charges into the new mortgage. You should only change mid-term if you’re sure the interest you’ll be saving outweighs the penalties you’ll be getting.

Mortgage refinancing in Brantford

Refinancing your mortgage can bring you a lot of advantages, but it can also lead to more expenses that become more stressful. Therefore, you should only refinance for the right reasons and with proper guidance.

We can help you get a new contract that is more aligned with your needs. We will also explain to you all your options to help you choose a more convenient plan.

Easy access to private mortgages

Initially, private lenders didn’t have to follow the same rules as banks, but that is slowly changing. The private mortgage sector has had changes that have made applying for such loans more time consuming and tiring. You can still get funding from them when banks can’t help you or when you’re restricted by other conditions like poor credit and employment status. Private mortgage lenders can give you a loan even when you’re self-employed or if your credit score isn’t pleasant. We can connect you with a private mortgage lender if you want investment funds or a family home. Our lending partners will solve your financial and personal needs.

Second mortgage

Second mortgages also come with an equal share of risks and benefits. On the upside, you can use the increased value of your property to get money to pay for home renovations or remodeling. On the downside, interests are higher, and that can increase your monthly payments. If you have a property that has increased in value, then you can benefit from the equity through a second mortgage. Certified Mortgage Brokers can help you understand the conditions that come with a second mortgage to ensure you reduce the risks that come with the mortgage. We will give you the cheapest options on the market.

Self-employed mortgages

Studies have shown that more people are choosing self-employment instead of regular 9 to 5 jobs. The number of people working from home or running businesses is expected to increase in the next few years. While this may be good news, the inability to access loans from traditional lenders is a disadvantage that self-employed people have to face. We can walk you through the application process to ensure you prepare the necessary documentation that will make it easier for a lender to give you a deal.

Construction financing

Buying an existing property isn’t the only way to invest successfully. You can always buy a piece of land and build your home, especially when you’re looking for more personalized features. You can get financing for such a project in the form of a construction mortgage. Mortgage lenders that fall under this category can pay the construction company as they continue to build. Many lenders give out the mortgage in two options that are the draw mortgage and the completion. Predicting the amount of mortgage you’ll need for the progress mortgage is usually more challenging because of the problems that could come up to slow down the construction progress. Reach out to our Brantford mortgage agents so we can start planning how to get an accurate construction mortgage.

Home equity loan

A HELOC is a cheaper mortgage option, especially when you have high-valued property. The higher your home equity, the more your HELOC loan will be. You have to be in urgent need of funds to apply for this mortgage. You can contact a lender if you intend to use the money in the near future. The more your property appreciates, the more the mortgage will be. Once approved, you can keep the money in an easily accessible place until you need to use it. HELOC doesn’t come without disadvantages. For instance, the interest rates on the mortgage are usually calculated daily, and that can result in a rapid increase that disrupts your financial plan.

Certified Mortgage Broker Brantford

Frequently Asked Questions About Your Brantford Mortgage

What is a mortgage?

A mortgage is a type of loan you take against an existing property to buy another property, construct a new property, or pay for your old debts. Different types of mortgages exist for different needs and preferences. You can choose one depending on the kind of collateral you have and the amount of payment you’re willing to make every month.

What is the recommended down payment?

You should always pay at least 20% of the property price as a down payment. If you can’t afford the amount, consider getting Mortgage Default Insurance. The insurance may increase your costs, but it will reduce your monthly payments in the long-term.

What mortgage payment choices do lenders give borrowers in Brantford?

Many lenders give you the chance to choose a payment option you’re comfortable with. One of them is the open payment plan that allows you to pay what you can when you can. You’re allowed to complete your payment before the loan term elapses. The plan has shorter terms and more interests.

The other payment plan is a closed one. You can make large payments, but you have to wait until your term elapses before completing the loan. Paying before the mortgage term is due can lead to penalties

Fixed vs. variable rates: which is best for my situation?

Every borrower has the option of choosing variable or fixed rates depending on the risk level they’re willing to take. The risk associated with fixed rates includes high rates that remain constant throughout the entire mortgage term. The risk of variable interest is the uncertainty that comes from frequently changing rates. The benefit of fixed interest is stability that makes financial management easier, while that of variable interest is reduced interest.

Terms you should know when closing a mortgage

  • Appraisal-: assessment of a property to get its value
  • Down Payment-: what you pay for the property before getting the mortgage
  • Property Transfer Tax-: tax owed when someone else takes over property ownership
  • Property Inspection Fee-: what you owe when a professional checks the integrity of your home structure
  • Amortization-: the period you require to complete your mortgage payments
  • Loan to Value Ratio-: the value of your property vs. the loan amount
  • Mortgage Loan Insurance-: the insurance cover you get when you have very little down payment
  • Mortgage Term-: the time you agree with your lender that you’ll pay the mortgage. You can renew the term if it elapses and you’re not done paying the mortgage

How can I benefit from a pre-approved mortgage?

The process of getting a pre-approved mortgage is usually simpler and faster. It involves the issuance of financial information to the lender, verification of the information, and counterchecking credit information. Once the lender does all this, they’ll give you an approximate amount you qualify for and the possible payment terms you may get. Some of the benefits this process can give you are:

  • Making it easier to discover the down payment, which helps with budgeting
  • Helping you focus on properties you can pay for, thereby saving time and resources
  • Getting better consideration from a lender after they access your financial details
  • Short approval period that doesn’t exceed 120 days

Certified Mortgage Brokers in Brantford are here to make your investment worth it. Buying or building any type of property is a big investment that also comes with more risks. Managing those risks and preventing potential problems can bring you the rewards you deserve. Our agents are licensed, certified, and dedicated to our clients. Contact us today.

Google Reviews

Certified Mortgage Brokers
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Afton Jaskolski
2020-12-30

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Davin Mills
2020-12-26

There are a lot of mortgage brokers in toronto to choose from, I was a bit intimidated by that. Don't regret I picked CMB, they took the lead and made sure to cover all the bases

Tracy Wilhoite
2020-11-21

I was renting an apartment for a long time and finally decided to take a big step - get a mortgage instead. Team at certified Mortgage Brokers laid out various options for me. The actual process went smooth and quick, happy with my new home.

Ryder Turcotte
2020-11-16

My wife and I decided to refinance our mortgage and started looking for a mortgage broker in Toronto. There were so many options, so you can imagine how overwhelmed we got! After talking to Leon we decided to proceed with Certified, didn't regret that decision once. They always gave useful recommendations, were attentive, and constantly in touch. And most importantly (for us) they helped us to save some money!!

Lucy Zimmerman
2020-11-11

Vita was great. Helped my son with all the paperwork and got him very good interest rate. On the closing date called to follow up if everything went fine. Quite a pleasant experience. I would recommend this firm for anyone who is looking a mortgage broker.

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