we are committed MORTGAGE BROKER NEWMARKET

If you’re looking for committed mortgage broker in Newmarket who want to change the industry by providing the best rate, unparalleled service and the quickest turnaround time, you’ve landed on the right page. We strive to meet your needs in a timely and professional manner.

As an experienced mortgage broker in Newmarket our competitive rates are hard to beat. We hold a firm belief in our customers and the services we provide. You are our priority.

To receive a consultation or an answer to your question do not hesitate to call us at +1 866-921-8890. We are here to assist you!

Our mortgage expertise will provide you with unbeatable rates. You will benefit from the time and effort we provide to make sure the deal happens. Your application will be kept private from insuring bodies. On top of all that, we promise to give you amazing customer service! Our agents take the time to sit with you and explain what to expect. They are there to answer all your questions.

Our professional staff is hard working to insure your experience is as painless as possible. We continue on through obstacles, unlike other mortgage brokers in Newmarket. This hard work and dedication leads to thousands of dollars in savings for you. We keep you informed at all times.

For Your Business

If you’re looking to buy a factory, warehouse or other industrial plant, our brokers can help you find the correct industrial mortgage. Our connections and experience will cut the time other companies would take. Bad credit history? We still can make it work. Call and make an appointment today.

For Your Home

We specialize in first and second mortgages and any other related situations. When you speak with one of our agents you will be provided with information you need to know to make an educated decision. There is no pressure. Simply schedule a free consultation to see one of our brokers to speak with them about your opportunities.

We work to insure you get the deal that best suit your needs. Every client is a unique individual, so our policies should be too. As Newmarket professionals we work year round to help you understand what to expect with your case. We answer all questions and help set up a realistic plan for your future.

Mortgage Refinancing

Looking to pay off debts towards your property? Refinancing your mortgage is beneficial in many different situations for many different people. It allows you to pay off an old loan, credits or debts and sign a new contract. When done by a professionals, it can provide you with additional money. Our brokers are standing ready to help you.

Transfers

This is an option if you are moving from one home to another. We have specialists dedicated to helping you save time, money and headache. If you’re looking to lower your current interest rate, this is also an option for you. Transferring a mortgage can be confusing. Allow our customer service to take this burden for you.

Don’t make getting money harder than it needs to be. Rely on broker with the expertise to get you what you need. Contact us or stop on buy for your free consultation today!

The loan that you make to buy a house or some other property is called a mortgage. The principal refers to the amount borrowed. Each mortgage payment pays off part of the principal plus the interest.

You have custody over the property. However, if you fail to pay the loan and interest according to the terms of the contract, the lender may repossess the property.

You can pre-arrange your mortgage and get a mortgage pre-approval from a lending institution or a bank. This pre-approval shows you how much you can borrow, the interest rate you have to pay, and the schedule of payments you have to make.

Mortgage pre-approval establishes the highest mortgage loan you are qualified to make. You save time and effort in looking for the right property by knowing exactly how much you can afford. You do not waste time looking at properties which do not fall within your price range.

You also facilitate the negotiation process. You or your broker will be better able to formulate a realistic offer for the property you are interested in.

A mortgage pre-approval keeps the proffered interest rate invariable for 90 days. This protects you from rate fluctuations.

When you have a mortgage pre-approval, you go through the home buying process with a sense of confidence and peace of mind.

When you are able to pay off your mortgage sooner, you save money by reducing interest costs. There are several ways to do this.

1. Opt to make weekly or biweekly payments. When you make mortgage payments more frequently by paying on a weekly or biweekly basis instead of monthly, you reduce the interests you have to pay and save money.

2. Opt for a shorter amortization period. Add small increases in the amount on top of the regular payments required. This will shorten the amortization period.

• Amortization – the number of years it takes for you to pay off your mortgage loan in full.
•  Appraised Value – an approximate value of the property presented as security for the loan.
•  Assumption of Mortgage – the transfer of outstanding mortgage from the present owner to a buyer.
•  Blended payments – a repayment scheme where the amount of the principal and interest stays invariable.
•  Closed Mortgage – a type of mortgage where you cannot prepay, refinance, or renegotiate without paying prepayment penalty.
•  Completion Date – the date wherein all documentation is completed and payments made making the sale and purchase of a property final.
•  Compound Interest – interest charged on the principal as well as on the accrued interest.
• Conventional Mortgage – is a loan that does not go beyond 80% of either the purchase price or the appraised value of the property.
•  Conveyance – refers to transferring the property title from the seller’s name to the buyer’s name.
•  Default – the inability to pay the installments specified by the terms of a mortgage.

•  Leasehold Mortgage—refers to mortgage that is secured on a property lease instead of on property ownership.
•  Mortgagee – refers to the person or institution lending the money.
•  Mortgagor – refers to the person or institution borrowing the money.
•  Offer to Purchase – refers to the legal document formalizing the offer of an explicit price for a particular real property.
•  Open Mortgage – a type of mortgage that allows prepayment in part or in full of the principal balance without exacting penalties.
•  Prepayment Option – refers to the opportunity to prepay specific sums of the principal balance. Penalty interest may or may not be charged.
•  Principal – refers to the balance of your mortgage that is still outstanding.
•  Term – refers to the period of time in which the mortgage agreement has legal effect. When the term expires, you may renew the contract for another term and renegotiate the rate.
•  Underwriting Fees – the payments that lenders collect to compensate for the expenses sustained in the lending transaction.