review-starsFIVE STAR CUSTOMER SERVICE!
telephone +1 289 768 8090

we are committed MORTGAGE BROKERS IN BURLINGTON

Who Stands To Change The Industry


TALK TO A MORTGAGE SPECIALIST

The Best Mortgages From Burlington’s Premiere Mortgage Broker!

…a Burlington based Mortgage Brokerage with a decade of experience under its belt.

Your Certified Mortgage Broker

Taking that first tentative step on the property ladder should be an exciting experience, however it’s easy to get bogged down. Trusting the biggest purchase of your life to the wrong brokerage can end up costing you big, in wasted time, stress and money. Certified Mortgage Broker in Burlington is the best brokerage.

We are an entirely independent brokerage, working without bias or commitments to major lenders. With over a decade of past experience helping home buyers in Canada and in the wider industry we’re big enough to matter, but small enough to still care about you as an individual.

We don’t have to put up the same bureaucratic red tape as major banks, so we’re free to focus on offering our clients a bespoke tailored solution; minimizing stress whilst maximizing customer service.

Mortgage Agent Burlington

Count on us to give you honest advice, and let us take care of negotiating you the best conditions and interest rates for your loan on your behalf. As Toronto natives, we are uniquely familiar with Burlington and the surrounding areas. That’s why we can offer you the best mortgages along with best rates than any other mortgage broker in Burlington.

You can feel comfortable knowing we can leverage our existing built up relationships with local businesses, credit agencies, lenders and estate agents created up over the past decade and go that extra mile to consult with you, something a “global” or multinational broker simply could not do.

We’ll work diligently to present clients the best options available to them in a clear and concise manner.

Our Burlington Based 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

Burlington Mortgage Brokers For First Time Home Buyers

Nobody ever dreams of living in a house where they’ll have to pay rent forever. Every person, regardless of age, dreams of owning a home at some point. However, achieving those dreams usually seems impossible for most people because of the large investment required and inaccessible funds for aspiring homeowners. Getting a mortgage as a first-time homebuyer isn’t a simple process. You must think about the repercussions the venture will have on your future finances and select a mortgage broker carefully.

Our brokers are experienced in helping first-time buyers own their houses. We will explain all the options applicable to your case and explain the process systematically. Since one of the most important factors when buying a house is the home to value ratio, we will help you calculate it and all the costs to get you the most affordable solution. We insist that you should never take a mortgage that takes up more than 40% of your salary. The housing bills should never cost more than 32% of what you generate every month. When calculating your costs, make sure you include charges that could be hidden, such as taxes and maintenance costs.

Our brokers will ensure you enjoy all the benefits associated with professional mortgage services, such as First Time Home Buyer’s Tax Credit and multiple mortgage options. We will help you choose properties based on your income and the total costs to ensure you buy a house you can afford comfortably. Our brokers know how to interpret all the mortgage conditions accurately to determine how they can affect your present and future financial plans. We can even help you with pre-approval to ease the process as you look for the right house.

Your Trusted Mortgage Broker in Burlington

Our Mission
Our Mission
Why us
Specials
Your Trusted Mortgage Broker
We aim to provide unmatched superiority when it comes to service delivery. All our mortgage brokers are highly-trained to identify and solve the various problems mortgage seekers may have. We also provide the most competitive rates in Canada. We believe that you only seek a mortgage when you're financially strained, and we don't want to make it worse.
Although we have expertise in the industry, we believe that the only way we'll satisfy your needs is by involving you in the process. We won't sideline you when looking for the best mortgage solutions for your situation. We will discuss with you every possible scenario and let you make the final decision. Whatever your needs are, we will meet them.
We strive to help every Canadian resident to get mortgages without getting lost in the process. We know how complicated and confusing mortgage terms can be. We also know that without the right connections, you will spend too much time looking for the right mortgage partner. With us, you will have numerous options with detailed information to match.
smartphoneAll our operations always revolve around our clients. We put your needs first, whether we are searching for an ideal mortgage product or negotiating on your behalf. Working with us means getting services that exceed expectations. We also have diverse lending partners in the traditional and private sectors, and we use those connections to get you the best loan terms.
We're Canada's #1 Broker Two Years in a Row - 2017 & 2018
Call us: +1 289 768 8090

Questions? We’re here to help!

img

$1000 Cash Back or Free iPad

When You Close With Us!

To learn more

contact us

You have questions. We are here to help!

or

Certified Mortgage Broker Burlington

Frequently Asked Questions About Your Burlington Mortgage

What is a mortgage?

A mortgage is a contractual agreement between a lender and a borrower, where the lender takes possession of a borrower’s property as leverage for their money. By giving the property, you give the lender the right to possess it permanently if you fail to honour the mortgage terms or if you don’t pay back the capital and the interest.

The mortgage contract usually contains all the details, including the duration you are supposed to take before paying back the full amount. You can use the mortgage to buy a new house or take it against the value of a property you already own. Either way, you will pay the principal amount, which is the amount you borrow, plus the interest within the stipulated timeline.

Residential Mortgage

Residential Mortgage In Burlington
Our dedicated advisers have intimate knowledge of the Burlington area and will strive to give you a competitive edge up in the Canadian property market. Let us do all the hard work for you, and rest assured, our goal is to offer you the best rates than any other mortgage broker in Burlington without a headache.

Refinancing In Burlington
Let us see if we can save you cash on your existing mortgage! We can help to show you whether it’s possible for you to lower payment (and rate) of your current loan, help you plan to consolidate existing debt, increase cash flow available to you and even offer you the potentiality of moving your existing contract locally.

Commercial Mortgage

Running Business In Burlington
Commercial mortgages were specifically created for for businesses and private investors, who wants to either refinance or outright purchase for the first time properties designed to end up in the incoming producing category. Some common examples of this at the larger end are restaurants or office premises, malls, self storage, and industrial properties.

If you are looking to grow your business in Burlington or it’s surrounding areas, we have the local and wider knowledge how to help you by acquiring income producing premises through our plan.

If you are a small, medium or large local business owner and considering investing in commercial property, see what our brokers can do for you. Don’t hesitate to get in touch!

What mortgage repayment choices do borrowers get?

Borrowers often get to choose one of two repayment options, namely:

Open plan

When you choose the open mortgage repayment plan, you will be able to pay back the principal amount of the mortgage at any time. It gives you the freedom to pay the loan any time you get sufficient funds without worrying about penalties. Although it gives you more flexibility, this payment plan has the disadvantage of a shorter term. The term will be one year or less if you choose a fixed interest rate or up to five years if you go for variable rates.

Closed plan

If you opt for the closed payment option, you will have to wait until the mortgage term elapses before paying the full capital. You’ll still be allowed to make large payments, but you can’t complete the loan early without being penalized. The only advantage is lower interest rates.

Do pre-approved mortgages have any benefits?

Yes. Pre-approval not only reduces the time you take before getting an ideal loan; it also leads you to the right lenders. The process involves the submission of your financial information to the lender, after which they determine the amount you can qualify for. The lender will also use that information to check your credit rating. When done with the background check, they will tell you the amount you can borrow and the payment plan you’ll have to adhere to. Some of the benefits of pre-approval are:

  • No time wastage on properties that you can’t afford
  • Informing you of the down payment beforehand, which means you’ll come up with a working budget before taking the loan.
  • Getting considerations from lenders who already know your worth and are therefore aware of your capacity to pay them back.
  • Short approval durations typically, ranging between 60, 90, or 120 days.

Should I Choose Fixed Or Variable Interest Rates?

Both fixed and variable interest rates have advantages and disadvantages that you must consider when comparing them. Whatever you choose, make sure it works for your situation.

Fixed interest

Most mortgage borrowers in Canada tend to prefer fixed rates. They remain the same during the whole term, but they are generally higher than variable rates. The stability of the fixed rates will allow you to manage your funds properly. You can assign the same amount of money towards the mortgage payment, and so long as the income remains steady, you won’t experience more financial problems.

Variable interest

Variable interest rates will keep changing over the mortgage term. You will pay less for some months and more for others. While the unpredictability may be impractical if you have a tight budget, these rates are lower than fixed rates.

How Much Do I Need For The Down Payment?

The average acceptable down payment is usually 20% of the purchase price. However, sometimes you can be allowed to pay as little as 5%. You must remember that the less you pay, the more mortgage you will need to cover the purchase balance. The more mortgage you get, the more you will have to pay back, and the higher the interest will be. That is why it’s acceptable to get CMHC insurance if the down payment is less than 20%. The insurance reduces the risk for the lender in case you don’t pay them back.

The down payment is the amount you pay from your pocket. It will be deducted from the purchase price of the home, with the mortgage covering the rest. Mortgage brokers Burlington advise you to try to pay as much as you can to reduce the interest on the mortgage.

What are closing costs?

Closing costs are the fees you pay when you’re getting a mortgage or finalizing the purchase of a property. The costs usually add up to between 2% and 4% of the mortgage you’re getting. The costs also cover various aspects of the property acquisition, such as:

  • Appraisals
  • Inspection
  • Lands transfer tax
  • Property tax
  • Legal costs
  • Insurance cover for the property
  • Adjustment costs

Appraisals are usually done to ascertain the value of the property for the lender, while inspections are done for the buyer to ensure the property doesn’t have structural problems. The adjustment costs cover several aspects such as utility bills and additional taxes that the lender may fail to cover.

What documents must I have to get a mortgage?

  • A form showing all your assets
  • A liability list
  • Bank information – If you have several accounts, submit all of them
  • Building plans or blueprints for new constructions
  • Income information and proof
  • Your lawyer’s information
  • The contract between you and the seller
  • MLS listing
  • Documents showing that you’ve paid the down payment

Terms That You Should Know When Closing A Mortgage

Appraisal: This is the evaluation done to determine the value of the property before a lender gives you the mortgage you want.

Amortization: This is the time you are given to complete paying off the mortgage.

Deposit: This is the amount you give to show interest and secure the property.

Home inspection costs: The amount spent to determine if the property you want to buy has structural issues.

Down payment: This is a portion of the purchase price you must pay from your pocket before the mortgage covers the remaining amount. It is usually in percentage form.

LVT: The loan to value ratio is the amount of loan you’re interested in vs. the value of the property.

Property transfer tax: The tax you pay when the property is officially transferred to your name.

Pre-payment option: The payment option that determines when you can pay off the capital. Some options have penalties, and others allow you to make early payments.

Term: The duration you take with the mortgage. There is always a chance to renew the mortgage term when it is due.

Mortgage loan insurance: The insurance you take to boost your down payment if it is too low. The insurance amount will depend on the amount of mortgage.

OUR CUSTOMERS LOVE US

Certified Mortgage Brokers
powered by
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.

Contact Us