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MORTGAGE BROKERS IN KANATA

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Your Trusted Mortgage Broker In Kanata

Turkin Mortgage in Kanata are the best agents to work with when you’re looking for additional funding to make your property acquisition journey smooth. We understand that the mortgage application process can be hectic, and we want to eliminate that stress for you. We have the kind of agents that will not take advantage of you no matter what your circumstances are. We are honest and experienced. We will also display a high level of professionalism as we provide you with the answers and assistance you need to get the right type of mortgage.

Through mortgage refinancing, you can get a new loan that replaces your old mortgage or other debts. However, the application process can be a tricky one because of the many details involved. You not only have to think about renewing the term, but you must also make sure the money is transferred to the right places, and the old debt is cleared. Mortgage refinancing depends on the value of your property. You need to consider whether this type of mortgage is ideal for you before starting the application process. Our mortgage broker will give you professional advice and help you explore your other options to ensure you get the best deals.

Our Kanata Based Mortgage Brokers Offer The Following Services

First-Time Buyers

Comprehensive guidance specifically for first-time home buyers in Toronto. From finding the best mortgages to navigating available incentives, we're dedicated to making your first-time home purchase seamless and stress-free.

Mortgage Refinancing

Strategically leverage your home's equity for renovations, investments, or educational expenses. We meticulously assess penalties, current rates, potential savings, and favourable terms so you can refinance confidently, accessing up to 90% of your equity wisely.

Mortgage Renewals

Seize the opportunity to access better rates, terms, and a wider array of lender options. Collaborate with your dedicated mortgage broker three months before renewal to tailor a strategy that optimizes your financial benefits.

Private Mortgage

While navigating the Canadian mortgage market can be daunting, private lenders provide a valuable alternative when traditional routes present obstacles. Prioritizing property value over strict credit assessments, they cater to a variety of borrower needs, delivering personalized, short-term mortgage solutions.

Second Mortgage

A second mortgage, often referred to as a home equity loan, allows you to tap into your property's equity. Serving as a valuable resource for debt consolidation or strategic investments, it grants access to as much as 90% of your property's equity.

Self-Employed Mortgage

Navigating the mortgage landscape can be daunting, especially for the self-employed who face stringent income verification processes. We recognize the unique challenges and offer specialized mortgage solutions.

Construction Financing

Building your dream home demands both commitment and sufficient financing. With down payments typically ranging between 25-35%, thorough financial planning is essential. Our construction financing options cater to the needs of both contractors and homeowners, featuring provisions for a 15% contingency fund.

HELOC

In the ever-evolving Canadian mortgage landscape, HELOC emerges as a versatile financial tool, offering access to up to 65% of home equity. Boasting attractive low-interest rates, it provides unmatched flexibility and offers the relief you need.
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Why Us As Mortgage Brokers In Kanata?

Different needs require different types of mortgages. For example, the mortgage you’ll need to consolidate your debts and the mortgage you need to buy a new house is not the same. Each type of mortgage also has different conditions and terms that you must consider before signing off. All these can be confusing if you don’t have professional mortgage agents to help you out. With Turkin Mortgage brokers by your side, you’ll have the best solutions for your needs, and you’ll avoid the hassle that is usually associated with mortgage closing.

Customization of services is always paramount if you’re looking for customer satisfaction. Every client has different needs, even if you’re looking for the same type of mortgage. You need mortgage agents that can differentiate your needs and provide befitting solutions that are specifically tailored to meet those needs. Our mortgage brokers in Kanata will make sure you achieve your financial goals by looking for the best rates, loan conditions, and fees for your lifestyle or financial ability. We give you advice, but we allow you to choose a suitable mortgage lender from the options we provide.

We Make Mortgage Closing Simpler
We Provide Personalized Mortgage Services In Kanata
Our Agents Are Experts At Mortgage Refinancing
We Bring The Best Mortgage Rates Closer To You
Call us: +1 866 921 8890

Questions? We’re here to help!

Turkin Mortgage Kanata

Commonly asked questions about mortgages in Kanata

  • What Is A Mortgage?

The type of loan you take against your property is called a mortgage. You get into a written agreement with a lender who takes possession of your property until you pay back all the money they gave you. You can take a mortgage when you want to buy a new property, and you have limited funds or when your debts are beginning to overwhelm you.

Some types of mortgages are also suitable for other investments that require large amounts of money. Mortgages involve interests as well as the principal amount. Failure to pay both can lead to forfeiture of your property.

Our Mission

Applying for a mortgage is not something to shy away from, as most people need financial help at some point. While mortgages can help you invest in the properties you want, they can have conditions that make them impossible to pay back. We can help you get the best mortgage deals in the market. We can also help you with flexible and fair terms and conditions that will allow you to budget effectively and pay the loan within the agreed payment term. We have lenders that we have worked with for a long time, and that places us in a better position to help you even if you cannot access the loans from banks.

Cost-Saving And Time-Saving Are Important To Us

You can always look for a mortgage lender on your own, but you can be sure that you’ll use a lot of resources, and it will take longer for you to find a suitable one. It is easier to have mortgage agents connect you with a lender, especially when the brokers have several contacts. We have varied options that make it easier for you to find the best fit within the shortest time. You can never go wrong with our agents regardless of your circumstances.

The Mortgages Services We Deal With

First-Time Mortgages

Every young adult has a dream to own a property, but in most cases, the means to achieve those dreams are usually limited. The challenges you may face when trying to get the funding to make your dreams come true can force you to give up on your dreams, but we are here to prevent that from happening. Our licensed mortgage agents can help you get a befitting mortgage that you can afford. We recommend that you compare your debts and income to avoid a situation where you will not be able to pay your debts.

HELOC

This mortgage can give you up to 65% of the property equity, and it is one of the most flexible. It is also one of the easiest mortgages to get, making it the perfect mortgage option when you want to consolidate your debts. You can get more from a HELOC mortgage when you work with a mortgage broker. Research has proven that such brokers can get better mortgage terms for their clients and save you a lot of money in the process.

Construction Financing

You can always get help when trying to buy a newly-built house or when you’re having construction done. In case of the former, the lender will pay the construction company as soon as you take possession of the property. In the case of the latter, your lender will form an agreement with the construction company to be paying them when they complete a milestone. The lender works with an inspector that assesses the building at specific durations to ensure the contractor is only paid for the work they’ve done. If the construction isn’t completed as expected, you’ll have to incur the additional costs from your pocket.

Renewing Mortgages

Renewing your mortgage means letting a new loan take over the old one. Such a move is necessary when you reach your payment term without completing your payments, or if you’re not content with the services your current lender is giving you. Your lender will notify you about the renewal a few weeks before the expiry date of the old term. You can get a new term that fits your financial status. You should consider additional costs such as the cost of changing lenders and the new interest rates. Our mortgage brokers can negotiate a lower interest for you.

Mortgages By Private Lenders

Private lenders offer a reprieve to borrowers that have been turned down by traditional banks. They are not restricted by the same rules and are therefore best suited for you if you have poor credit history or score. All you need is valuable property to use as collateral, and you can get up to 90% of the equity from a private lender. The level of risks private mortgage lenders face is higher than what their traditional counterparts deal with. You should be prepared to pay more rates and have a shorter repayment term when getting a loan from them. It’s still possible to get affordable interests when you get help from mortgage agents that have experience dealing with different types of private lenders.

Second Mortgages At Competitive Rates

By nature, second mortgages are more expensive than first mortgages, but they are still a viable source of funding if you have high-valued property. You need to do an appraisal as well as property valuation by several real estate agents if you want a second mortgage. The rates and the terms and conditions will most likely depend on the value of your property. You’ll also incur the closing expenses and the appraisal expenses from your pocket. It’s possible to calculate the mortgage you can qualify for before looking for a lender by calculating your LVT ratio.

Refinancing

Mortgage refinancing is always a good option if:

You want to save by paying lower interest rates
You don’t want to pass up an investment opportunity, and you don’t have enough funds
You can’t take care of your financial need
The new mortgage may give you financial relief, but it also comes with other responsibilities that may make it harder to make payments.

You should consider the potential gains with the potential penalties and disadvantages before agreeing to take the loan. You should also consider the mortgage options to ensure you choose the best one for your lifestyle. Our agents will be with you every step and will give you the best advice and honest opinions.

Mortgages For Self-Employed

Self-employed people face serious challenges when trying to get mortgages from banks. The rules that govern such lending institutions require a steady source of income that the self-employed category may not be able to provide. Businesses have their high and low moments, which means that you may be able to make more payments at specific times and less payment during other times. Private lenders provide the solution to such a predicament, but they also have their terms and conditions that may prove to be too costly. Our brokers have the know-how to get you the best private lenders and the best deals.

  • What Are The Available Mortgage Payment Choices In Kanata?

Open plan

You get more flexibility and can choose the fixed-rate plan that comes with six months to a one-year term, or the variable rate that you can pay within three to five years. You can pay any amount at any time and can complete the payments early without facing penalties.

Closed plan

With this plan, you can’t complete your payments before the agreed term is over. Doing so will result in more expenses in the form of penalties. You can agree with your lender to allow you to make large payments so long as you don’t complete the loan before your term.

  • Benefits Of A Pre-Approved Mortgage

Applying for pre-approved mortgages means giving the potential lender your financial information in advance. They determine the amount of loan you qualify for and a suitable payment schedule. Benefits of this mortgage include:

  • Time savings and expenditure of fewer resources during the search for a lender
  • Easier budgeting since you’ll know the expected down payment beforehand
  • Better chances of getting the loan as a result of the lender accessing your financial information early
  • Short approval periods
  • What Is The Difference Between Fixed And Variable Rates?

You can never go wrong with the licensed mortgage agents Turkin Mortgage in Kanata provides. We strive to please our customers by using our lender contacts whenever necessary. We also maintain honesty and will always give you professional advice when you contact us. Our team is experienced, knowledgeable, and reputable. Call us now for customized mortgage services in Kanata.

Fixed interest

Fixed interest rates offer you consistency in terms of repayment. You always know the amount you’re expected to pay every month, and you can use that information to plan well. It works great if you need to budget with limited funds.

Variable interest

When you choose variable rates, you can’t determine what your regular payments will be. The interest rates change frequently, making it difficult to predict your next payment. On the plus side, they are lower than fixed rates.

  • How Much Will I Have As A Down Payment?

20% of the total property price or more is ideal, but you can also pay as low as 5%. However, the lower the down payment, the more the mortgage and the higher the chances of encountering other expenses, such as the Mortgage Default Insurance. You also pay more interest when you pay less down payment.

  • Terms To Familiarize With When Closing A Mortgage

The duration of the loan is called amortization

The evaluation that is done to get the value of the property is an appraisal

A deposit is a payment to show interest in the property

Down payment refers to a percentage of the total cost that you pay from your own pocket before the mortgage pays for the remaining amount

The amount you pay to confirm that the structure of the property is in good shape is an inspection fee

LVT- The property value against the mortgage. It is also called Loan to Value Ratio

The option you get when you choose the closed payment plan, but you want to make early payments is the pre-payment option. Some of the options may have penalties, and some may not

When you’re involved in the transfer of a property, you pay a property transfer tax

Paying than 20% of the down payment results in Mortgage Loan Insurance

The loan term is the period you take to pay it back. It is renewable

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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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