- Pre-approved mortgage helps you save time by removing properties you can’t afford from your list.
- It allows you to compare your income vs. the monthly payments you’ll be making on the mortgage and the down payment. You’ll plan your finances more efficiently.
- The lender checks your financial information beforehand, and that increases your chances of getting the loan.
- Pre-approved mortgages take a shorter approval duration of utmost 120 days, and they don’t carry any costs.
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MORTGAGE BROKER IN KINGSTON
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Your Trusted Mortgage Broker in Kingston
Turkin Mortgage Brokers In Kingston
Working with professionals is a crucial part of the property ownership journey. Professionals usually have expert knowledge and experience that they use to identify forthcoming challenges and protect you. For instance, mortgage brokers have the contacts you’ll need to get the best mortgage lenders with the best deals and terms. Turkin Mortgage provides multiple services that can benefit you greatly. Some of the reasons why we are worth choosing include:
The Most Stress-Free Closing
Our mortgage brokers are always ready to help our clients to get the best solutions regardless of the type of need. We are conversant with the various types of mortgages that are suitable for different situations and will easily help you choose the best one for your situation. Just contact us, and we will make sure you get the financial help you need for your investment.
We Will Give You Access To The Best Mortgage Rates Out There
Working with us means overcoming challenges that may hinder you from achieving your property ownership dreams. We will make sure you understand the complicated processes of mortgage acquisition, and overcome the stringent conditions that may be included in some. We will also grant you access to our contacts that include private lenders that come in handy when you can’t get a loan from a bank.
Our Kingston Mortgage Brokers Offer The Following Services
First-Time Buyers
Unparalleled support for first-time home buyers in Toronto. Whether it's securing the most suitable mortgages or navigating through available incentives, our focus is on ensuring a smooth and stress-free journey into homeownership.
Mortgage Refinancing
Strategically use your home's equity for renovation, investment, or educational purposes. We conduct a thorough assessment of penalties, current rates, potential savings, and favourable terms, giving you the opportunity to refinance with confidence and access up to 90% of your equity.
Mortgage Renewals
Secure yourself the most favourable terms for renewing your mortgage! Take advantage of the opportunity to access improved rates, terms, and a broader selection of lender options. Contact your mortgage broker three months before renewal to develop a customized strategy that maximizes your financial benefits.
Private Mortgage
While navigating the complexities of the Canadian mortgage market, private lenders emerge as a valuable resource when traditional options fall short. By focusing on property value rather than a hard credit score, they meet the diverse borrowers, offering personalized, short-term mortgage solutions.
Second Mortgage
With a second mortgage, you can tap into your property’s equity. Whether you’re consolidating debts or making strategic investments, this option grants access to as much as 90% of your property's equity.
Self-Employed Mortgage
Navigating the mortgage landscape poses unique challenges for self-employed individuals, often facing rigorous income verification processes. Recognizing these hurdles, we offer customized mortgage solutions designed to cater to the specific needs of self-employed borrowers.
Construction Financing
Building your dream home requires unwavering commitment and appropriate financing. With down payments typically ranging from 25-35%, meticulous financial planning is crucial. Our construction financing solutions are tailored for both contractors and homeowners, including a 15% contingency fund to address unforeseen expenses.
HELOC
In the ever-evolving Canadian mortgage market, HELOC emerges as a versatile financial instrument, providing access to as much as 65% of your home equity. With attractive low-interest rates, HELOC offers unmatched flexibility, delivering the financial relief and freedom you desire.
$1000 Cash Back or Free iPad
When You Close With Us!
Why Us
Customized Mortgage Services
Every property owner has different needs that should be treated uniquely. This understanding puts us in a better position to handle your needs as they arise. We start by understanding your objectives and your aspirations before we start looking for possible lenders. We will then match you with several lenders that are best suited to help you achieve the financial goals you have. Whatever your needs are, you can be sure that we will help you sort them out.
Kingston’s Mortgage Refinancing Experts
Refinancing your mortgage means using your property as collateral to get a new mortgage to settle your current debts. With this mortgage, you can get a new loan that pays off all the existing loans, making it easier for you to focus on the new payments. The process can be complicated, but with our experts, you will complete them successfully and easily. We will help you get new loan terms, transfer the funds to cover your other debts and determine whether this mortgage is the best option for you. Even though refinancing can help you negotiate new terms and make repayment easier, it isn’t always a good option for everyone.
Best Stress-Free Mortgage!
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Mortgage Offers
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Featured Rates
construction mortgage
starting from
6.45%Heloc
| Term | Rate |
|---|---|
| HELOC | 5.95% (Prime rate) |
Fixed
| Lender | Rate | Term |
|---|---|---|
 Lendwise |
3.99% | 5 year |
 First National Financial |
4.19% | 4 year |
 RMG Mortgages |
4.09% | 3 year |
 Street Capital Bank |
4.99% | 2 year |
 TD Bank |
4.99% | 1 year |
Variable
| Term | Rate |
|---|---|
| 5 year variable | 4.95% (Prime - 1%) |
| 3 year variable | 5.1% (Prime - 0.85%) |
OTHER
| Term | Rate |
|---|---|
| Line of Credit | Starting at 7.2% |
| Equity Loans | Starting at 6.5% |
| Private Mortgages | Starting at 5.75% |
Turkin Mortgage Brokers Kingston
Commonly asked questions about mortgages in Kingston
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What Is A Mortgage?
A mortgage is a type of loan you take to acquire a piece of land or property. Your house or current property serves as collateral until you pay off the loan. The agreement between the lender and the seller is bound by a contract that contains all the loan details such as the amount given, payment plan, and interest to be paid.
The principal amount reduces gradually as you continue to make payments, but if you default, the lender takes possession of the property you used as collateral.
Cost-Effectiveness And Time-Saving
Finding the best mortgage lender for your needs is a time-consuming process when you don’t have the right connections. Our mortgage brokers can get you the connections that will allow you to find a suitable match within the shortest time possible. We have built long-lasting relationships with lenders over the years, which means that you’ll quickly get the right mortgage partner for the type of mortgage you’re looking for. We don’t just give you the best lenders; we also help you compare the mortgage terms they offer to ensure you get the absolute best.
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What Mortgage Payment Choices Do I Have?
Payment choices are two. You can choose the open plan, which allows you to pay any amount within the mortgage duration without being penalized, or the closed plan that requires you to pay specific amounts at specific times. The open plan usually has a shorter term and higher rates that can be hectic if you have other financial commitments. You can still make large payments with the closed plan but you can’t complete the loan before your term. Early completion results in penalization.
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What Are The Benefits Of A Pre-Approved Mortgage?
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Fixed Vs. Variable Rates, Which Is Better?
Both fixed interest rates and variable rates have advantages and disadvantages that you can consider depending on your situation. Fixed rates never change during the payment term, but they are higher. Your monthly payments will remain the same, but you’ll end up spending more in the end. Variable rates fluctuate during the loan term, and that makes it harder to predict what your next payment will be. You won’t be able to budget properly, especially if you have a tight budget.
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How Much Do I Need For The Down Payment?
The down payment varies depending on the value of your property, but in most cases, it ranges between 5% to 20%. The more you pay, the less your mortgage will be because it is deducted from the property cost. Having less than a 20% down payment can also lead to other complications as your lender may ask for mortgage default insurance. Turkin Mortgage Team in Kingston will take care of you to ensure you only get the best lenders in the private and traditional sectors. We have more connections that ensure both the lender and the borrower benefit from the deal. We are here to answer all your questions. Call us today.
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Terms you should know when closing a mortgage
- The duration you take to finish paying off the mortgage is known as amortization
- An appraisal is an evaluation that is done to determine the value of the property
- You pay a deposit to secure the property
- A down payment is part of the property price you pay from your pocket before the mortgage covers the remaining amount
- A home inspection fee is the money you pay to have a professional check the integrity of the property before you buy it
- The property value that is comparable to the mortgage is called the loan to value ratio
- Pre-payment options apply when you choose a closed mortgage plan. They allow you to pay specified amounts and may come with penalties or not
- When a property owner transfers the property to you, you will pay the property transfer tax
- If you have less than 20% of the down payment, you’ll be asked to purchase a mortgage loan insurance. Insurance costs depend on the mortgage amount
- A mortgage term is the time you take to pay off the loan. 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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