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We Are Oakville’s Mortgage Broker Specialists!

Home Refinancing Specialists Available in Oakville

Oakville Mortgage Brokers Willing to Help You

First of all, we would like to say congratulations on your move or impending move to Oakville, Ontario. Situated on the shore of Lake Ontario, Oakville is an affluent region, still part of the Greater Toronto Area. This neighbourhood boasts over 180,000 people. That is a lot of opportunity for residential and commercial mortgages, and we are the top mortgage broker in Oakville.

From beginning to end, we are there for you to take care of all of your needs. Whatever questions you may have, no matter what stage of your process you are in, until the end of the process we will assist you.

Courteous and fast service, the lowest possible rates (even less than advertised by lenders), and the most knowledgeable agents are what we bring to the table. With all that, is there much more you could ask for in a broker?

Oakville’s Top Mortgage Agents

Our agents are the best in the business, making it no surprise that everybody wants us desperately. Other brokers are actively trying to lure our agents away in hopes of gaining an edge on us. These other agents stay frustrated as they are not able to do what they set out to do.

If you’re looking for committed mortgage broker in Oakville 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.When you have the best people working for you, your mission is to do all you can to keep them. That’s what we do, and that’s why our highly experienced agents stay with us.

Once you call our mortgage broker Oakville, you will find out everything we have told you is true. While some brokers may brag to get sales, we stay away from that. No, we do not brag; we merely state the facts as they are.

Our Oakville 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

After renting for so long, finally, a chance has come up for you to buy your own home. Purchasing your first-time home is probably one of the most significant decisions you will ever make in your life. Amidst the excitement of buying your own home, most buyers face one hurdle – obtaining a mortgage. Many first-time homebuyers have never applied for a big loan before and are often hesitant about applying for a mortgage. CMB will make the process of acquiring your first home simpler by guiding you through different mortgage options. We have an extensive network of real estate agents and lawyers across Toronto to help you get the best deals.

Our certified mortgage broker will:

  • Make you understand the mortgage application process from the beginning to the end
  • Evaluate your financial capability and determine the mortgage size for which you can qualify
  • Help you shop around and compare different mortgage deals to get the best
  • Help you get a pre-approved mortgage which gives you an edge over other mortgage applicants
  • Guide you on how you can access a Home Buyer’s Plan. The plan allows you to draw up to $25,000 from your Registered Retirement Savings Plan
  • Explain to you about incentives like First Time Homebuyer’s Tax Credit and Land Transfer Tax. Most first-time homebuyers aren’t aware of the mortgage incentives they can take advantage of.
  • Help you get a mortgage that suits your budget and lifestyle by helping you understand the mortgage terms and conditions.
  • Help you understand all the costs involved upfront, including the closing costs

The process of buying your first home doesn’t have to be stressful. With the help of a qualified mortgage broker, the mortgage application process will be much simpler.

Your Trusted Mortgage Broker in Okville

Our mission
Our mission
Why us
Specials
Your Trusted Mortgage Broker
CMB is the leading mortgage broker in Toronto. We provide reliable and professional services to our clients. We offer the most competitive mortgage rates that are hard to find elsewhere.
Our expert mortgage brokers will analyze your financial situation and recommend the best mortgage options. We provide the best mortgage solutions whether you seek a first mortgage, second, renewals, construction financing, secured lines, or any other mortgage product.
We have the necessary knowledge and expertise that will save you time. You do not have to navigate and try to understand the intricate mortgage terms on your own. With our professional guidelines, you will understand the mortgage terms better, which will help you make a smart choice.
When managing and negotiating with credit agencies, real estate agencies, and lenders, we always put our customers' interests above everything else. We have established solid relationships with other mortgage industry players, allowing us to find the best mortgage terms for you.
We're Canada's #1 Broker Two Years in a Row - 2017 & 2018
Call us: +1 289 768 8090

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Mortgage Brokers Oakville Are Here To Save You Time And Money

Certified Mortgage Brokers in Oakville will find you the best mortgage deal that matches your lifestyle and financial situation. Choosing to work with a mortgage broker with connections with other players in the mortgage industry is advantageous because you will have a variety of mortgage options. With so many mortgage options to choose from, it can be daunting to find the best fit. The good news is that with an experienced mortgage broker, finding the right mortgage doesn’t have to be difficult. Our mortgage brokers can help you get a pre-approved mortgage to give you a competitive edge over other applicants interested in the same property as you. It’s particularly important to contact a mortgage broker if you have applied for a loan before, but the lenders denied you.

Certified Mortgage Broker Oakville

Frequently Asked Questions About Your Oakville Mortgage

What is a Mortgage?

A mortgage loan is a property loan that a borrower obtains from a traditional or private lender to buy property. The terms and conditions of the loan are outlined in the mortgage agreement, including the loan amount and the interest rate. The property serves as the collateral for a loan until the borrower repays the loan in full. Therefore, the lender can foreclose the property if the borrower fails to make payments as agreed. A portion of the loan instalment covers the principal amount, while the other portion covers the interest.

For Your Home & Business

Fastest Residential Mortgages in Oakville
Moving into your new home takes a while, especially while the paperwork is still ongoing. When you hire our brokerage to handle your case, you do so knowing your process will move faster than normal.

You also go into it knowing that you will get a lower rate than one offered by a lender directly or any other mortgage broker in Oakville.

The Commercial End
Running a business takes planning and resources. It also takes space. If you are in need of a commercial mortgage in Oakville, we can help you in that respect as well. Our staff is highly trained in all types of property loans, and a business is no different.

Such specialization guarantees better service for our customers. Yes, we are that dedicated.

Mortgage Refinancing Experts At Your Service

Oakville Mortgage Brokers Guarantee Pain-Free Process
If you already have a home here in Oakville, it may be time to refinance your mortgage. In Oakville it is so much simpler now that we are here. You can stay in peace with the knowledge that everything will get done right and fast, leaving you free of all the stress.

Equity Takeout
Home equity is basically the difference between all existing mortgages and appraised value of the property. Hence, home equity takeout is the process of taking money out from your home in order to make it available for other uses. This can significantly help out with your financial goals.

What Mortgage Repayment Choices Do I Have?

Borrowers can choose from two mortgage repayment options:

Open mortgage repayment plan - With this plan, you can repay the loan at any time before the mortgage term expires, and the lender will not impose any penalties. Many open term mortgages have short terms ranging between six months and one year for fixed rates. Where variable rates apply, the loan term may extend to 3 to 5 years. Open mortgages have higher flexibility but also attract higher interest rates.

Closed mortgage plan – With a closed mortgage plan, you do not have the freedom to repay the loan as you please. Some closed mortgages allow some flexibility in making the payments, but the majority will charge a penalty when you make early payments. The main advantage of a closed repayment plan mortgage is its low-interest rate.

What are the Benefits of a Pre-approved Mortgage?

The process of getting a pre-approved mortgage is simple and straightforward. You only need to supply the mortgage lender with your financial information. The lender will consider and verify the information and give you a pre-approval of the mortgage amount you can get. The advantages of a pre-approved mortgage are:


  • By knowing how much you qualify for, you will only focus on the properties you can afford

  • You will budget effectively because you will know the required down payment and applicable monthly repayments

  • You will have an advantage over other applicants interested in the same property because the lender will know that you can afford the property

  • Mortgage pre-approvals do not carry any costs or obligations. The pre-approvals are valid for 60, 90, or 120 days depending on the mortgage lender.

Should I Choose Fixed or Variable Interest Rates?

Your risk tolerance will determine whether you choose a fixed interest rate mortgage or a variable interest rate mortgage.

Fixed Interest Rate – In Canada, most people choose the fixed interest rate mortgage. With this option, the interest rate remains constant throughout the mortgage term. Fixed rates help you determine the exact amount you will be paying every month. If you are working on a tight budget, a fixed interest rate is the best option. Compared to variable rates, fixed rates are slightly higher.

Variable Interest Rates – The variable interest rates will vary depending on the prime rates. While measured over time, variable rates are slightly lower than the fixed interest rates. However, they come with high uncertainty.

How Much Do I Need for the Down Payment?

The minimum down payment in Canada is 5%. Down payment is the money you have to pay upfront before you obtain a mortgage. You have to purchase default insurance, known as CMHC, if your down payment is less than 20%. This insurance protects the mortgage lender in case of default. You can pay the insurance in instalments or as a lump sum.

After the down payment is deducted from the property’s price and the mortgage covers the remaining amount. If you make a large down payment, the monthly repayments will be lower, and you could save money on interest.

What are Closing Costs?

Closing costs refer to the final expenses that you will incur while buying a property. You should budget between 2% and 4% of the purchase price of a property. Closing costs include:


  • Property Tax

  • Appraisal costs – appraisal is essential to determine the property value

  • Land transfer tax

  • Home inspection - home inspection helps a buyer determine if the property is in good condition to avoid costly repairs

  • Adjustments – adjustments are based on factors like utility bills or taxes that the seller might have paid

  • Legal fees

  • Property Insurance

What Documents Will I Need to Finalize my Mortgage?


  • Documents required while finalizing a mortgage are:

  • A list of your assets and liabilities

  • Your bank account information

  • Lawyer's details

  • Proof of income

  • Purchase agreement

  • MLS Listing

  • Evidence of a down payment

  • Building plans if you are building

Terms That You Should Know When Closing A Mortgage

  • 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.

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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.