- Save time and effort since you only focus on properties that you can afford
- Helps with budgeting because you will know upfront how much the down payment and monthly payments will be
- Sellers take you more seriously because you can access the money
- Pre-approval is valid for 60, 90 or 120 days and attracts no obligations or costs
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MORTGAGE BROKERS IN GUELPH
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Your Trusted Mortgage Broker In Guelph
Turkin Mortgage Broker In Guelph
Do you need a mortgage for your first home or a second mortgage? We can help. At Turkin Mortgage we are committed to making it easy for aspiring homeowners to find the mortgage they need fast and hassle-free. Our mortgage broker in Guelph is happy to go the extra mile to find you a mortgage that is perfect for you.
Your Trusted Guelph Mortgage Broker
We are not in the business of forcing you to pick loans that don’t fit your needs. As the best mortgage broker in Guelph, we offer the most comprehensive real estate services to help you find and purchase your dream home. Hundreds of clients trust us to help them find the best mortgage deal. Call us today and give us a chance to earn your trust.
Our Guelph Mortgage Brokers Offer The Following Services
First-time buyers
Discover unparalleled expertise tailored for first-time home buyers in Toronto. From securing optimal mortgages to navigating incentives, we ensure your first-time home purchase is seamless and stress-free.
Mortgage Refinancing
Expert guidance in mortgage refinancing. Use your home's equity strategically for renovations, investments, or education expenses. We carefully analyze penalties, current rates, potential savings, and favourable terms to help you refinance with confidence, accessing up to 90% equity wisely.
Mortgage Renewals
Seize the opportunity to optimize your mortgage renewal! Ensure you don't overlook the potential for improved terms, rates, and a wider array of lender options. Connect with your trusted mortgage broker three months in advance to tailor a plan that will ensure you get all the financial benefits to which you’re entitled.
Private Mortgage
In the dynamic Canadian mortgage market, private lenders emerge as a beacon of hope when traditional routes fall short. With a focus on property value rather than rigid credit criteria, they extend tailored, short-term mortgages to a diverse array of borrowers, providing swift solutions.
Second Mortgage
A second mortgage, also known as a home equity loan, taps into your property's equity to unlock substantial funds, albeit with heightened costs and risks. It serves as a valuable tool for debt consolidation and strategic investments, granting access to up to 90% of your property's equity.
Self-Employed Mortgage
With over 15% of Canadians being self-employed, securing a mortgage can be daunting due to stringent income verification processes. We understand the unique challenges faced by self-employed individuals and offer tailored mortgage solutions. Effective management of expenses, credit, and savings is paramount for those seeking self-employed mortgages.
Construction Financing
Embarking on the journey of building your dream home requires both dedication and adequate financing. Down payments often range between 25-35%, necessitating careful financial planning. Our construction financing options cater to both contractors and homeowners, with provisions for a 15% contingency fund to mitigate potential risks.
HELOC
In the dynamic Canadian mortgage landscape, HELOC stands out as a flexible financial tool, granting access to up to 65% of home equity. With attractive low-interest rates, it offers unparalleled versatility. However, disciplined use is paramount to avoid overspending and ensure timely repayment.
$1000 Cash Back or Free iPad
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why us
Excellence is one of our goals, and we have the best team to help us achieve it. Our brokers have undergone the best training and developed the best skills through experience. We operate by distinguishing every client and outlining the best solutions for them. We also want to achieve our mission by making the services affordable to everyone in need.
We also have a mission to make every client feel valued, regardless of the reasons that could hinder them from getting a loan quickly. Your satisfaction comes first, which is why we use our connections in the industry to provide for you the ultimate flexibility during repayment, unbiased advice, and the cheapest rates. We will help you borrow intelligently and invest better to attain financial success in the future.
We get you mortgages that can help you create a solid financial future by using our connections in the traditional and private sectors.
We take your problems seriously and will not ignore your communication attempts.
Our rates are the lowest in the region.
We remain impartial when giving advice or recommending solutions. We want to help you get out of debt permanently.
Mortgage Offers
...pick the one thats right for you.
Featured Mortgage Rates
construction mortgage
starting from
6.45%Heloc
| Term | Rate |
|---|---|
| HELOC | 4.95% (Prime rate) |
Fixed
| Lender | Rate | Term |
|---|---|---|
 Lendwise |
3.89% | 5 year |
 First National Financial |
3.99% | 4 year |
 RMG Mortgages |
3.79% | 3 year |
 Street Capital Bank |
4.09% | 2 year |
 TD Bank |
4.69% | 1 year |
Variable
| Term | Rate |
|---|---|
| 5 year variable | 4% (Prime - 0.95%) |
| 3 year variable | 4.15% (Prime - 0.80%) |
OTHER
| Term | Rate |
|---|---|
| Line of Credit | Starting at 7.2% |
| Equity Loans | Starting at 6.5% |
| Private Mortgages | Starting at 5.75% |
Turkin Mortgage Guelph
Things to Know About Your Guelph Mortgage
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What Is A Mortgage?
If a borrower needs financial assistance in the real estate sector, they can ask for a loan from a lender and sign a contractual agreement, also known as a mortgage. They can purchase a new property or recapitalize the existing one with the money. The agreement showcases the terms and conditions of the loan after a discussion between the lender and borrower. It also includes all the particulars of the loan, such as the amount exchanged and the sum the borrower must pay back, including interest. It also highlights the mortgage term. Before full repayment, the lender will take the debtor’s property as security for their money. Then, they can sell it to recover some, if not all, the costs. That means mortgages are risky for both lenders and debtors.
Mortgages are property loans. They include an agreement between the borrower and the mortgage provider which contains the terms & conditions of the loan. The mortgage provider holds the property being purchased by a borrower as collateral against the loan. The amount borrowed is the principal.
Our Mission
We know our way around the mortgage sector and the real estate industry at large. We use that knowledge and expertise to help you understand the terms and processes involved in the loan structures. We have dealt with numerous varying circumstances and have learned to navigate them hassle-free. We intend to continue doing the same to assist everyone who needs a loan in Guelph.
Our other objective is to keep offering undeniable value to our clients through our experience and superior customer service. Your needs take center stage whenever we search for mortgage solutions, and you have the final say in every decision. We want to take away the stress of getting a mortgage to make it an easy journey. No matter your situation, we will give you the best mortgage product.
We Help You Save Time And Money
As a professional mortgage brokerage in Guelph, you can always count on us to save you both time and money. We do this by giving you access to our huge pool of lenders. Our team will help you get pre-approved as well as find the mortgage that is the best fit for you. Our healthy relationship with several lenders in Canada helps us get you the best deal for your circumstances.
We use our knowledge and contacts to find you a loan that is structured to your specific requirements. Our services are particularly ideal if you were recently turned down by banks. We make applications to several lenders until we find one that offers the best-structured mortgage.
Why Choose Turkin Mortgage In Guelph?
We Make Your Closing Hassle-Free
Ever since we opened our doors for business, our commitment has always been to offer you the best expertise and experience when applying for a mortgage. Our mortgage broker in Guelph will help you find the mortgage that best fits your needs.
We Help You Find The Best Mortgage Rates Out There
Legislations in Canada have made it harder for people to buy a home. Our team will help you navigate the complex terms and conditions included in a mortgage as well as help you find the mortgage provider that offers the best rates. We have a huge portfolio of lenders. This enables us to find a mortgage that is perfect for your situation.
We Are Experts At Mortgage Refinancing
Mortgage refinancing enables you to consolidate your debts. All in all, the process can be complicated. Our mortgage broker in Guelph will help you understand if mortgage refinancing is suitable for you. If it is, we will help you find the best mortgage refinancing provider, negotiate the terms and help with the transfer of money and debts.
We Offer You Personalized Services
To offer our clients the most personalized services, we always start by discussing your financial goals to understand the type of mortgage that you need. Our mortgage broker then shops around for the best combination of fees, interest rates and terms & conditions. We always provide you with several mortgage options for you to pick from.
At Turkin Mortgage we have a duty of care when it comes to advising you on mortgages and loans. Our team is fully licensed and trained to offer unbiased advice.
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What Mortgage Payment Choices Do I Have?
You typically have two repayment options:
Open mortgage repayment plan:
With this plan, you can clear your loan at any time within the term of the mortgage. A fixed-rate is often offered when the mortgage term is 6 to 12 months. For a term of 3 to 5 years, you will get variable interest rates. The best thing about open mortgage repayment plans is flexibility. The drawback is the high-interest rates.
Closed mortgage plan:
Payments for this mortgage are made as per the terms outlined in the agreement. Paying the mortgage in full early can result in penalties. The benefit of a closed mortgage plan is low-interest rates.
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Fixed Vs. Variable Rates
Fixed interest rates remain the same throughout the term of the mortgage. As a result, the rates are higher but as a buyer, you benefit from the stability of knowing how much you will be paying each month. When on a tight budget, a mortgage broker in Guelph will recommend this option.
Variable interest rates are linked to the prime interest rates. They move up and down along the prime rate. They are less expensive.
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What Are The Benefits Of A Pre-Approved Mortgage?
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How Much Do I Need For The Down Payment?
The amount of down payment depends on the cost of your property. While the minimum down payment is 5%, if you pay a down payment of less than 20% you will be required to buy a mortgage default insurance. The down payment is dedicated to the price of the home and the mortgage covers the balance. Making a large down payment will save you money.
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Terms That You Should Know When Closing A Mortgage
Amortization: Length of time it takes to pay the mortgage off
Appraisal: Professional evaluation of the value of a property
Deposit: Payment made to secure a piece of property
Down payment: The amount a buyer has to pay from his own pocket for the property
Home inspection fee: Cost of inspecting the structural integrity of a property
Loan to value ratio: Size of mortgage measured against the value of property
Prepayment option: An option in a closed mortgage that enables you to make specific early payments against the principal amount
Property transfer tax: Tax due when a property is transferred to another owner
Mortgage loan insurance: Insurance a buyer has to pay when their down payment is less than 20%
Term: The timespan of a mortgage agreement. You can renew the term or find a new mortgage when it comes to term
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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.
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