review-starsFIVE STAR CUSTOMER SERVICE!
telephone +1 647 933 2590

we are committed MORTGAGE BROKER BRADFORD

Who Stands To Change The Industry


TALK TO A MORTGAGE SPECIALIST

No Headaches With Top Mortgage Broker In Bradford!

Home Refinancing Specialists Available in Bradford.

Mortgage Refinancing Experts

As far as mortgage agents in Bradford are concerned, there are none more experienced than ours. Those decades of experience comes in handy, especially when it comes to getting lower than advertised rates and speeding up the process. That is why we are the best mortgage broker in Bradford.

Our experience also shown in our customer service skills. We have the courtesy and patience to serve our best any customer that calls or comes through our doors. Don’t leave it in just anyone’s hands.

Call us today and find out why we are the right choice for all your needs.

Bradford’s Residential Property

Getting a residential mortgage here in Bradford can be quick and easy, but only if you call us today. We take all of the pain and stress out of the process, so you don’t have to deal with it.

Not only are we the quickest, but we are also the most professional. Now, you might be thinking low cost means you get shoddy service. After all, the general rule is that you get what you pay. However, when you hire us to handle your case, you get more than you pay.

Your Trusted Mortgage Broker in Bradford

Why us
Why us
Our mission
Specials
Your Trusted Mortgage Broker
We will go the extra mile and get you an excellent mortgage deal in Toronto stress-free!
Our mortgage rates are the most competitive in Toronto!
We have your best financial interests in mind!
We will never fail to answer the phone whenever you call!
We're Canada's #1 Mortgage Broker Two Years in a Row - 2017 & 2018

Types of Mortgage which we offer

Mortgage Refinancing

Refinancing your mortgage in Bradford is simple. We are trying to come up with a new adjective for easy. Our team works with the same speed and diligence as that of when starting new mortgages.

We promise to get you the lowest rates possible, and most of the time, they are lower than the rates advertised by lenders.

Sure, it takes a little bit of convincing, but our relationship with local lenders is good enough that we can easily get your situation resolved quickly.

Residential Mortgage

Unless you just aren’t ready, you don’t have to wait to move into your home. It shouldn’t take you forever to get a residential mortgage in Bradford. We will handle all the paperwork on your behalf, which means that your family will not be in limbo until the paperwork is done.

Our mortgage brokers have everything it takes to get your mortgage completed correctly, rapidly, and cheaply. We offer the best mortgage rates that you won’t find anywhere else. We guarantee the best mortgage rates for our clients in the entire Toronto.

Commercial Mortgage

If you are interested in starting up a business here, you will need a loan for your office and warehouse space. Getting a commercial mortgage here in Bradford is much faster with us than it will be with any other broker. We move to get your process completed fast. You need your business space as of yesterday, and we are here to help make that happen for you.

You should be focusing on getting your staff together and all the other things you need to start making money, not waiting on your paperwork to go through. When you get us on the case, the headaches aren’t just over; they never start.

Call us: +1 647 933 2590

Questions? We’re here to help!

img

$1000 Cash Back or Free iPad

When You Close With Us!

To learn more

contact us

You have questions. We are here to help!

or

Our Bradford Based 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

It’s normal to feel excited and over the moon when you are about to buy your first home. Your first home is a major investment, and you can’t help but be happy knowing that you will no longer rent. However, acquiring your first-time mortgage is not always easy. Many people fear obtaining a first mortgage, while others are unfamiliar with the process. At Certified Mortgage Brokers, we make the process of obtaining a mortgage simple and straightforward. We guide first-time mortgage applicants through the various mortgage options available.

A certified mortgage broker will:

  • Help you understand the entire mortgage process
  • Help you calculate and determine the mortgage amount you qualify for
  • Help you weigh different mortgage options to choose the right one
  • Help you get a pre-approved mortgage. A pre-approved mortgage gives you an advantage over other mortgage applicants who might be eyeing the same property as you.
  • Help you take advantage of the Home Buyer’s Plan that allows you to get as high as $25000 from your Retirement Savings Plan
  • Help you take advantage of different incentives like First Time Home Buyer’s Tax Credit and the Land Transfer Tax. We like to have first-time mortgage applicants take advantage of every available incentive.
  • Ensure that you understand all the mortgage terms and conditions to enable you to choose a mortgage that suits your budget and lifestyle.
  • Ensure that you understand all the costs involved, including the closing costs.

The process of acquiring your first home doesn’t have to be stressful. With our guidance, you will make a smart decision.

Mortgage Brokers Bradford Are Here To Save You Time And Money

Certified Mortgage Brokers Bradford will find you the best mortgage deal that will suit your unique circumstances. It's advantageous to use a mortgage broker who has a connection with other players in the mortgage industry. With so many mortgage options available, you need an experienced mortgage broker who can help you identify the most suitable deal. With the recent legislation changes, it's not easy to negotiate favourable mortgage rates with conventional lenders.

The Basics Of Mortgage And Glossary Of Terms

As you search for a new home and a financial institution that will finance its acquisition, be careful about false and inaccurate information from companies that lie for profit. Here is how to protect yourself: know the basics and be ready with the right questions to ask. While researching, you will encounter a number of new words that form part of the mortgage language.

What Is Mortgage?

Mortgages are financial loans made against properties which are treated as security items to ensure that the money that has been borrowed is paid. The lender is called “mortgagee” and the borrower called “mortgagor.” The amount borrowed is called “principal”.
You can avail of a mortgage for any of the following purposes:
  • Buying a new home in Bradford
  • Buying your existing home
  • Consolidation of debts
  • Renovation of a house
  • Purchasing another investment
  • Purchasing an investment property
Mortgages belong to the “secured” type of financing. The interest to pay is lower compared to other forms of financing. You can use your home equity to finance a different investment.

Glossary Of Terms

The terms below are arranged alphabetically.

smartphone

Agreement of Purchase and Sale – This is the contract made between a seller and a purchaser. Make sure your realtor is knowledgeable and experienced and able to protect your interest.

Amortization Period – in Bradford this is the length of period a mortgage loan is expected to be paid in full.

Appraisal – is the method used to determine a property’s value.

Assets – properties owned by a person, taken to be having value and can be used to meet commitments, debts and legacies.

Assumption Agreement – when a mortgaged property is passed to another person, via an assumption agreement, the new owner will pay the mortgage and the old owner is assumed to have agreed to the assumption.

networking

Blended Payment – is a method of loan repayment where payments are in equal installments. This includes payment of a fraction of the principal and interest on the borrowed money.

target(2)

Canada Mortgage and Housing Corporation (CMHC) – this is the federal crown entity that implements the National Housing Act. One of the agency’s tasks is to ensure high-ratio mortgages obtain insurance.

Closed Mortgage – this is a type of a mortgage where the borrower is not allowed to make any changes in the contract. Prepayment and renegotiation are also prohibited.

Closing Date – the date when the borrower assumes ownership of a property.

Conventional Mortgage – a mortgage with loan amount equivalent to 75% or more of a property’s appraised value.

Collateral – a property or an asset that is offered by a borrower as a way to secure a loan.

Credit Scoring – a system that evaluates the credit worthiness of borrowers. The system assigns points/scores to borrowers.

target(1)

Demand Loan – this is a type of loan where the creditor can demand payment of balance on the borrower.

Deposit – a deposit is another term for a down payment. The lender requires a borrower to put his own cash into the house before approving the rest as a loan.

money-bag

Equity – this is the difference of a house’s fair market value and the outstanding balance of all of the property’s liens.

First Mortgage – the primary claim on a property taking precedence over other subsequent claims. The first mortgage in Bradford will be paid first in the event of a foreclosure sale.

Fixed-Rate Mortgage – a mortgage where the rate remains constant throughout the mortgage term.

Gross Debt Service (GDS.) Ratio – this is a debt service measure that creditors use to give an initial assessment to determine whether a borrower has too much debt. A ratio less than 30% implies that the borrower’s level of debt is good enough.

Guarantor – an individual who has a good credit rating and has sufficient income to pay the loan of a borrower if the borrower is unable to do so.

High-Ratio Mortgage – a mortgage exceeding 75% of the home’s appraised value. High-ratio mortgages are required to obtain insurance to protect the lender.

Home Equity Line of Credit – a type of loan where the lender agrees to extend a loan for a certain amount within a term. The collateral for this type of loans is the borrower’s equity in his house.

debit-card

Interest Adjustment Date or IAD – this is the date from which the mortgage term starts. This usually falls on the first day of the month that follows the closing date.

Interest-Only Mortgage – this is a type of mortgage where only the interest is paid each month while the entire principal is left unpaid.

loan

Open Mortgage – this is a type of mortgage that a borrower can pay in full anytime within a term with no penalties incurred. The interest rates for open mortgages are usually higher than those of closed mortgages by about 0.75 – 1.00%.

property

P.I.T. – represents the principal, the interest and the mortgage tax. If the down payment made by a borrower is greater than 25% of the home’s appraised value, the lender will allow him to make his tax payments.

Portable Mortgage – is a mortgage that allows the transfer of mortgage’s balance to another property with the same lender without incurring penalties.

Prime – rates that are very low and are offered only to a company’s excellent customers.

Prepayment Penalty – is an agreement between a lender and a borrower. It regulates the part of the loan that can be paid off and when. For most lending institutions, borrowers can pay off up to 20% of their balance each year.

Principal – original loan amount, before interest

house

Rate Commitment – this is the lender’s promise to hold a particular interest rate for borrowers for a given period of time and while the mortgage loan is still being processed. This period ranges from thirty to one hundred twenty days.

Renewal of mortgage – Upon the termination of a mortgage term, the mortgage can be renewed. During renewal, you may decide to prepay fully or partially.

document

Second Mortgage – a mortgage that is taken out on a property that has already been mortgaged.

Switch – transferring a mortgage from one institution to another institution.

car

Term – the length of time in which the parameters of a mortgage are legally recognized.

Total Debt Service (TDS) Ratio – The part of one’s income required to cover payments related with housing.

Variable-Rate Mortgage – a mortgage where the rate can change within the mortgage’s term.

OUR CUSTOMERS LOVE US

Certified Mortgage Brokers
powered by
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.

Contact Us