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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.

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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.

Google Reviews

Certified Mortgage Brokers
5
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Sean Hammond
2019-08-29

I had to port a mortgage to a new condo, Leon had excellent knowledge to get me through the approval process. When the bank made an error, Leon was quick to contact them to make sure everything was done right and on time. He is very professional and courteous and I recommend his service to anyone who wishes to apply for a mortgage.

Ronald McDonald
2019-08-27

Giving them 5/5 stars. Massoud helped me with my mortgage and he never missed a beat. He made the process very straightforward as a first time home buyer. Shopped around for other mortgages but he was always the first to get things for me. Highly recommend him

Shannon Jones
2019-08-23

I was looking to renew my mortgage and my previous lender was less than willing to do anything to keep my business. So I started to look for another brokerage to do business with and Certified Mortgage Broker stood out purely based on my interactions with Massoud. Massoud was professional and clearly had a keen sense of customer service; which I make a high priority when doing business with anyone since I'm in the customer service business myself. Peter rolled out the red carpet for me, walked me through my options, inquired about my plans with my current property, give me opinions and facts about rentals in the area, sales/purchases. In some respects he gave me more information about real estate than my real estate agent has!

Glen Plummer
2019-08-20

Selling and buying a home is a stressful experience and Leon with CMB in North York took all of the stress out of arranging the financing. He was very professional and clear about what I needed to provide to him. He used this information to arrange the best mortgage option on our new home, arranged the bridge loan to cover the closing period differential, and arranged closing out the mortgage with the previous lender.. Our experience with Leon is far better than the local in-person brokers that we contacted previously and Leon has helped us with a mortgage renewal in the past with the same excellent experience.

Colleen Power
2019-07-31

Leon returned my called from a missed call within 15 minutes of my call and I left no message. Leon and his team were fantastic. Even with the money issues we had Leon made me feel important and valued as a person.

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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.

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