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Your Trusted Mortgage Broker in Milton

Certified Mortgage Broker in Milton

Do you need a mortgage but you are not sure where to start? At Certified Mortgage Brokers we are committed to making it easy for you to secure the mortgage you need. Our mortgage broker in Milton will discuss your financial goals, search for the best mortgage provider on your behalf and help you get the best mortgage terms.

Your Trusted Mortgage Broker

We take great pride in being a reliable mortgage broker in Milton. We work with new home buyers, people in need of refinancing options and persons who have been turned down by banks. Get in touch with us today and give us a chance to earn your trust.

Why choose Certified Mortgage Broker in Milton?

We make your closing hassle-free

We understand how complicated it can be to secure a loan. The commitment of our mortgage broker in Milton is to offer comprehensive services that ensure you get the best mortgage, fast and for the best deal.

We Help You Find the Best Mortgage Rates Out There

Our job as Certified Mortgage Brokers is to simplify the process of buying a home. Our highly trained and experienced team will provide you with the expertise you need to navigate the process, understand the terms and get the best mortgage. Our large pool of lenders make it easy for you to find the best mortgage fast.

We are Experts at Mortgage Refinancing

Mortgage refinancing is the best option when you want to consolidate your debts. The process is, however, not as straightforward. This is where we come in. Our mortgage broker in Milton will help you understand if mortgage refinancing is a good option for you or not. We will also guide you through the process so that you understand the terms of the loan, easily transfer money, debts and so much more.

We Offer You Personalized Services

When you come to us, the first thing we do is sit down with you to discuss your financial goals.This enables us to understand the type of mortgage you need and the terms that will be fair for you. We then shop around for the best combination of interest rates, fees and terms & conditions. We then provide you with several mortgage options for you to pick from.

As the most recommended mortgage brokers in Milton, we have a duty of care when giving you advice on mortgages and loans. Our team is trained and licensed to provide unbiased advice.

Our Milton 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 Milton For First Time Home Buyers

Nobody plans on renting the rest of their lives. Every person plans on owning a home. The drawback is owning a home requires a substantial amount of money. For that reason, the dream seems unachievable. On the other hand, mortgages make owning a home a possibility.

All in all, securing a mortgage as a first-time buyer is not that easy. Prior to submitting an application, you must think about the repercussions the venture will have on your future finances. Working with a mortgage broker will help avoid regrets.

Our team is made up of experienced mortgage brokers who are passionate about helping first-time homebuyers get the best mortgage deal and terms. We are happy to explain the available options based on your unique situation. Our broker will also help calculate the home-to-value ratio since this is the most important factor when purchasing a home. We highly recommend that you never take a mortgage that will take up over 40% of your income. Housing bills should be below 32% of your monthly income. As you calculate the costs, include charges like maintenance costs and taxes.

We are here to ensure you enjoy all the advantages that come with getting expert mortgage services. You will enjoy First Time Home Buyer’s Tax Credit as well as several mortgage options. Our certified brokers further help you select a home based on your income and total cost. We ensure that you buy a home that you can afford. We will also interpret mortgage conditions for you and help you understand how they will affect your future financial plans. We also help with pre-approval to give you an advantage while looking for the right house.

Your Trusted Milton Mortgage Brokers

Our Mission
Our Mission
Why Us
Specials
Your Trusted Mortgage Broker
Our mission is to offer unparalleled superiority in service delivery. We work with a team of highly-trained mortgage brokers who identify and solve all manner of problems that mortgage seekers face. We also take great pride in offering the most competitive rates in the whole of Canada. We are your best bet when you need a mortgage.
While we are the experts in the industry, we believe the only way we can meet your specific needs is by involving you throughout the process. We will never sideline you when searching for the right mortgage solution. Our team will always take the time to discuss the available options and allow you to make the final choice.
We are committed to helping every Canadian resident get a mortgage without getting overwhelmed by the complex process. We take the complication and confusion out of the application process. We understand that it will be harder to get the best mortgage partner without the right connections. We give you access to our diverse network so that you get the right mortgage.
Our business is centred around our clients. Their needs always come first, whether they are looking for a new mortgage or negotiating the terms. You can be certain of a service that meets and exceeds your expectations. We also have many lending partners in both the private and traditional sectors. We use these connections to get you the best mortgage partner.
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Certified Milton Mortgage Brokers

Things to Know About Your Mortgage

What Is A Mortgage?

Mortgages are contractual agreements made between a borrower and lender, where the borrower gives a lender permission to take over their property as leverage for money lent to them. The contract gives the lender the legal right to take over your property for good if you don’t abide by the mortgage terms or if you don’t pay the capital and interest.

A mortgage contract has information pertaining to the loan. The details include how long it should take you to pay back the money in full. The mortgage can be used to purchase a house or taken against the available value of your property. In the end, you pay back the principal amount (the amount borrowed) and the interest accrued over a set timeline.

We Help You Save Time and Money

To save you time and money, our mortgage broker in Milton will offer you access to several lenders and mortgage options. We will also help you pick the mortgage that is a perfect fit and get you pre-approved. Our connection with lenders helps you get the best mortgage for your circumstances.

We are familiar with the changes in legislation. We use our contacts and knowledge to structure for you a loan that is specific to your needs. We are your best bet if you were recently denied a loan by banks and other conventional lenders.

Services We Offer

First-time buyers

We are happy to help you know how much you can afford based on your income, spending and debts. Our mortgage broker will further help you find and secure the mortgage that is perfect for you.

Mortgage Refinancing

Are you interested in mortgage refinancing? We can help you determine if it is the best option for you. Our mortgage broker in Milton will further give you a hassle-free experience when searching for the best mortgage refinancing option and help you secure the mortgage that has the best terms.

Mortgage Renewals

When the mortgage term comes to an end and you haven’t cleared your loan, you need to renew your mortgage term. When this time comes, we will help you renegotiate the best terms and conditions. We are also happy to help you increase or reduce your repayments, get variable or fixed interest rates as well as renegotiate prepayment penalties.

Private Mortgage

It is much easier to secure a private mortgage. If you have been turned down by traditional lenders such as banks or need quick funding, we are happy to help you find the best private lender in Milton. Our mortgage broker will also help you negotiate the best terms as well as get the loan super-fast. Private mortgages are perfect for people who are self-employed, those with less than perfect credit scores and someone with an unconventional property that banks will not finance. A private mortgage is also for you if you need a second mortgage for debt consolidation, renovations or investments.

Second Mortgage

Our mortgage broker in Milton is happy to help you with the market valuation of your property and calculate the mortgage you can qualify for. We will also go the extra mile to help you find the best private lender that offers you the best deal.

Self-employed (mortgages)

If you are self-employed, lenders believe your income is hard to prove or is unpredictable. As a result, they will turn you down. Our mortgage broker will help prove your income to the mortgage providers and help you find a private lender that offers the best terms.

Construction Financing

If you want to build your own home or buy a building that is part of new development, you will need construction financing. We understand that it is harder to get construction financing. That is why we work hard to help you find the best lender and secure construction financing at the best terms.

HELOC

HELOC (Home Equity Line of Credit) is a loan you secure against the equity of your home. This loan can give you the perfect way to reduce the cost of your debt. The duty of our mortgage broker in Milton will be helping you shop around for the best HELOC and negotiate for you the best terms. Our connection with several lenders enables us to save our clients thousands of dollars.

Certified Mortgage Broker Milton

Commonly asked questions about mortgages in Milton

What is a mortgage?

This is a property loan. The property being purchased is held as the collateral against the loan. A mortgage includes an agreement between the mortgage provider and the borrower. The agreement contains the terms and conditions of the mortgage. The principal is the amount borrowed.

How Much Do I Need for the Down Payment?

A down payment is the initial amount you pay upfront to get a mortgage. The amount you pay will depend on the value of your property. The amount can be as low as 5% of the total value. However, if you pay a down payment that is less than 20%, you will be required to buy mortgage default insurance. The down payment is deducted from the price of the property and the balance is covered by the mortgage.

What Mortgage Payment Choices Do I Have?

  • Open mortgage repayment plan: With this plan, you will be permitted to pay the mortgage off at any time during the term of the mortgage. The plan includes a fixed rate when the term is 6 to 12 months long or variable interest rates if the term is 3 to 5 years. Due to the flexibility this plan offers, you get to pay a higher interest rate.
  • Closed Mortgage Plan: Payments are usually made as per the agreed terms. 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 by only looking at properties you can afford
  • You will know upfront what down payment is needed and what the monthly repayments will be
  • Sellers are more likely to give your offer serious consideration because they know you have money available
  • Pre-approval is valid for 60, 90 or 120 days and carries no cost or obligation

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 a mortgage. The rates are much higher than variable rates but offer the borrower stability because they know how much they need to pay each month. When you have a tight budget, our mortgage broker in Milton will recommend these fixed rates.

Variable interest rates are linked to the prime interest rates. While they are less expensive, they are less predictable because they move up and down along the prime rate.

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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