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Your Trusted Mortgage Broker in Guelph

Certified Mortgage Broker in Guelph

Do you need a mortgage for your first home or a second mortgage? We can help. At Certified Mortgage Brokers 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.

Why choose Certified Mortgage Broker 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 Certified Mortgage Brokers 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.

Our Guelph 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 Guelph For First Time Home Buyers

Rent payment is an inevitable responsibility for most people, and it usually enhances the desire to own a home. The homeownership dream tends to become more intense as you get older, and in some cases, it comes true. Most people face the challenge of meeting the financial requirements necessary for such purchases. Many aspiring homeowners end up giving up on their vision because they lack the sizeable funds for such investments. That is why mortgages for first-time buyers are essential.
Although it is possible to access such loans, the acquisition process is not straightforward. A good mortgage broker can help you find a lender willing to give you a chance, but you must also weigh other considerations like how repayments will affect your future financial plans. You must also select a broker cautiously to ensure you find one that cares about you and genuinely wants to assist rather than profit.
Another crucial factor to contemplate is the home-to-value ratio. Its accuracy is essential in determining the affordability of the mortgage. It is never advisable to go for a loan that takes up to 40% of your monthly salary, and the household bills should never exceed 32% of the income. Calculating such costs can be challenging to an untrained eye, another reason why working with a mortgage broker is crucial.
With Certified Mortgage Brokers, you will have accurate calculations. We include all unclear charges like taxes or maintenance fees. We also know the difficulties first-time buyers experience and how to simplify them. We will give you all the benefits of professional mortgage brokers, including access to multiple lending options and First Time Home Buyers Tax Credit. Our insightful team focuses on the clients’ needs and can even get you pre-approval to ease the process further.

Your Trusted Mortgage Brokers in Guelph

Our Mission
Our Mission
Why Us
Specials
Your Trusted Mortgage Broker
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.
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 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.
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.
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Certified Guelph Mortgage Brokers

Things to Know About Your Guelph Mortgage

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.

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.

Mortgage Brokers in Guelph Offer The Following Services

First-time buyers

Our mortgage broker in Guelph will calculate how much you can afford based on your income, spending and debts. We are committed to helping you get a mortgage that is perfect for you.

Mortgage Refinancing

With us, you can always count on a hassle-free experience when searching for the best mortgage refinancing option in Guelph. We are also happy to advise you on whether to refinance your current mortgage or not.

Mortgage Renewals

When the mortgage term comes to an end and you haven’t cleared the loan, you have to renew the term. Our mortgage broker will help you renegotiate the terms and conditions to your liking. We will help you reduce or increase repayments, get you variable or fixed interest rates or renegotiate the prepayment penalties.

Private Mortgage

If you have been turned down by banks or simply need quick funding, we can help. At Certified Mortgage Brokers we are committed to making it easy for you to find the best private lender, help you get the best terms and conditions as well as secure your desired loan super-fast. Private mortgages are perfect for people who are self-employed, those with a less than perfect credit score, persons with unconventional properties that banks will not touch and anyone in need of a second mortgage for debt consolidation, investments or renovations.

Second Mortgage

There is no better team to help with a home equity loan than our mortgage broker in Guelph. We will help with the market valuation of your property; calculate the amount you qualify for as well as help you find the private lender that offers the best deal.

Self-employed (mortgages)

When you are self-employed, lenders believe your income is unpredictable or harder to prove. That is why most self-employed borrowers are often turned down. Our team will help you provide your income as well as find a private lender that offers you the best terms. Get in touch with us now to find out more.

Construction Financing

When you want to build your own home from the ground up or purchase a property that is part of new development, you will need construction financing. It is easier to get a residential mortgage than it is to get construction financing. Our team is here to guide you through the process and increase your chances of securing construction financing and at the best terms.

HELOC

HELOC (Home Equity Line of Credit) is a loan that is secured against your home equity. The loan gives you a practical way to reduce the cost of your debt. The duty of our mortgage broker in Guelph is to help you find the best HELOC and negotiate the best terms and rates for you. Our healthy relationship with several loan providers enables us to save you thousands of dollars when applying for a HELOC.

Certified Mortgage Broker Guelph

Commonly asked questions about mortgages in Guelph

What is a mortgage?

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.

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.

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.

What are the Benefits of a Pre-Approved Mortgage?

  • 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
  • Terms 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

    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.

    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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