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MORTGAGE BROKER IN PETERBOROUGH

Who Stands To Change The Industry


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Your Trusted Mortgage Broker In Peterborough

We Are Great At What We Do

When working with professionals in a specific field, one of the main challenges you may face is finding people that won’t take advantage of you. The challenge increases when there is a lot of money involved, like in the case with a mortgage. While it is okay to ask for help when buying a property, you should vet the people you work with properly. At Turkin Mortgage, we understand that the stakes are high, and we try our best to give you the best outcome. Our honesty and transparency when dealing with clients, together with the experience we have in the industry, are some of the reasons why working with us will give you peace-of-mind.

One of the benefits of using a mortgage broker is getting stress-free closing, and that is what we provide. We achieve this by using our knowledge and contacts to locate the best deals for your situation. We assess every situation to determine the appropriate type of mortgage first. Through this, we can figure out whether you need help with debt consolidation, purchase of a new commercial building, or any other investment you need money for. We will then give you a list of lenders that can offer you the best terms for the mortgage you require.

Services Offered By Turkin Mortgage In Peterborough

First-Time Buyers

Our seasoned brokers specialize in assisting first-time buyers in becoming homeowners. We'll lead you through the process, explaining options and assessing costs to find the most budget-friendly solution.

Mortgage Refinancing

Tap into your home equity for financial flexibility. Our experts will assess your situation to ensure refinancing is the right move, allowing you to start anew with favourable terms and rates.

Mortgage Renewals

Optimize your debt management with a renewal contract. Contact mortgage brokers three months in advance to secure the best deals and lowest rates from lenders.

Private Mortgage

When traditional lenders fall short, private mortgages step in. Focusing on property value rather than credit scores, they accommodate the needs of diverse borrowers while boasting quick processing times.

Second Mortgage

Access up to 90% of your home's value with a second mortgage. Ensure minimal risks by conducting a property appraisal and selecting the right brokers to safeguard your home as collateral.

Self-Employed Mortgage

With 15% of Canadians being self-employed, strict income verification processes pose challenges to mortgage approval. Understanding these hurdles, we provide customized mortgage solutions tailored to self-employed individuals.

Construction Financing

Realizing your dream home requires financial backing. With typical down payments ranging from 25-35%, meticulous planning is essential. Our construction financing caters to contractors and homeowners, featuring a 15% contingency fund for unforeseen risks.

HELOC

In Canada, HELOC offers a flexible financial solution, granting access to up to 65% of home equity with low-interest rates. However, responsible fund management is key to prevent overspending and the risk of foreclosure.
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We Know The Market

Our knowledge of various mortgage services and where to get them is one of the reasons why working with us will be worth it. We can give you unlimited options to ensure you choose the one that suits you the most. We also have a network of lenders that can offer you secured or unsecured loans depending on your needs and circumstances. Allow us to connect you with the right lenders so you won’t waste your time and energy. One of the factors that set us apart is our ability to consider several scenarios. We don’t just look at the possibility of you keeping up with the payments; we also consider the possibility of you failing. Through this, we can recommend lenders that won’t give you steep penalties if you default the terms.

We Will Help You Get The Best Mortgages

The changes in the legislation in Peterborough have made it more difficult for property owners to get the assistance they need for successful purchases. These changes have made property purchase accomplishments even more valuable. We will use our training and experience to help you get through the difficulties and get the best mortgage deals in the current market.

Call us: +1 866 921 8890

Questions? We’re here to help!

Turkin Mortgage Brokers Peterborough

FAQs on Mortgages In Peterborough

  • Do Mortgage Lenders Allow Different Payment Choices?

In most cases, you will choose between an open payment plan and a closed one. With the former, you can always pay at your convenience. You will not be penalized even if you finish paying before the term is over.

You can make larger or smaller payments as you get the funds whenever you can. For the latter, you can also pay any amount you can, but you don’t have to finish the loan before its term.

Why Work With Our Brokers In Peterborough

We Can Solve Your Mortgage Refinancing Needs

Refinancing doesn’t always make sense, but if done for the right reasons, you can reap a lot of benefits. We advise our clients to refinance when the new loan will have a lower interest rate or when the loan term will be shorter. You can also refinance the mortgage if you’re using your home equity or if you have various debts that you want to consolidate. Our goal is to help you benefit from the new deal, and we do that by giving honest opinions and professional advice. Let us assess your situation and help you determine whether refinancing your mortgage is a good idea.

We Work With Homeowners

For aspiring first-time homeowners and subsequent owners, our team can help you get the best residential mortgages. These loans are usually different depending on the kind of house you want, the current domestic property market prices, and your financial status at the time of application. You can use these factors to calculate the amount of loan you will get and the type. Contact us today, and we will recommend the right solution for your situation.

Our Expertise Extends To Business Owners

If you own an industrial building, a residential apartment, a shopping complex, or any other business premises, you can use our commercial mortgage expertise. These mortgages can help you expand your business and get out of multiple debts, especially when you end up with the best lender and favorable terms. With Turkin Mortgage team in Peterborough, you will have a team that cares about your business and is willing to help you get the financial help you need to grow. We will help you get mortgage contracts that blend with your business demands.

We Differentiate The Needs Of Our Customers

Every person has different needs. Even if you want the same type of mortgage as someone else, there will be several aspects that set you apart. The differences can create a major impact on your ability to pay the mortgage and your future financial plans. Our brokers treat each case with the uniqueness and attention it deserves. We will listen to you, understand what you want, and provide solutions that work in your favor.

  • How Will A Pre-Approved Mortgage Benefit Me?

One of the main advantages of pre-approved mortgages is time conservation. Your focus will be on the properties you can afford only. You also get to find out your down payment and monthly rates before accepting the loan. This type of mortgage also takes a shorter time to process.

  • What Closing Costs Can I Expect To Find In A Mortgage?

Since you’ll involve the services of an attorney, you should expect to pay legal fees. You should also prepare yourself to pay taxes involved in the transaction, property insurance fees, home inspection costs, and appraisals, as well as any adjustment fee that may have been accrued.

  • Are There Specific Documents Needed For Mortgages?

Every mortgage lender will require a list of your assets, lawyer’s information, and proof of down payment. You should also prepare a list of liabilities, building plans if you need a construction mortgage, and proof of income.

  • What Mortgage Terms Should I Familiarize Myself With?

There are many terms we can explain to you when you work with us. Below are a few examples:

Prepayment Option: This option works on closed mortgage plans. It allows you to make some payments before the term. Some cases may have penalties, so you have to be careful.

Mortgage Term: This is the time you are given to pay back the whole loan. You can always renew it.

Home Inspection Fee: This is the assessment done on a property to ascertain that it’s structurally sound.

Property Transfer Tax: This is the tax paid when a property changes ownership.

Loan To Value Ratio: The size of the loan in comparison to the value of the property owned.

With Turkin Mortgage team in Peterborough, you will always have brokers that care about your investment as much as you do. Give us a call and discover the best mortgages in Peterborough.

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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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