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Your Trusted Mortgage Broker in Sarnia

Looking for a mortgage without expert help is not easy. You have to think about several factors such as the deposit, the monthly payments, and all the other costs such as the transfer fees and interests. When you have professional brokers guiding you, it becomes easier to understand the complicated mortgage terms and processes. You will learn about all the requirements and prepare adequately for the application beforehand. You will not only increase your chances of getting approved; you will also budget properly and plan your finances accordingly. Certified Mortgage Brokers in Sarnia can help you enjoy these and more. We provide top-notch services that you can rely on at any time.

Benefits Of Hiring Our Mortgage Brokers in Sarnia

Smooth Processes

The mortgage application process can be tricky, especially when you are doing it for the first time. Our agents are great at what they do, which is why they simplify the mortgage acquisition process. It starts with a proper understanding of your needs and taking an approach suitable for them. If you want the money to increase your stock, you will need a different mortgage from someone that needs funds for constructing a new house. The ability to separate each need is one of the factors that make our brokers great.

Unlimited Options

Different mortgage lenders offer various terms and conditions. Even traditional lenders that are restricted by universal regulations need to have features that set them apart. Looking at the specific factors that each lender provides is essential in getting the best deals. We can help you compare the deals by checking out various offers from multiple lenders instead of a few limited options. Whether you are interested in getting a loan from banks or private lenders, our experience will come in handy.

Simplified Mortgage Refinancing

Mortgage refinancing is complicated. Most people often overlook the intricate details and end up enduring more costs that are avoidable. It’s essential to consider future possibilities such as the inability to keep up with payments due to increased financial obligations. Think about how you will deal with penalties in such a situation and the possibility of losing your assets. With Certified Mortgage Brokers, you will have extensive knowledge that will allow you to consider all the possibilities, and make the best decisions. We understand that refinancing a mortgage is not ideal for everyone, so we will do our best to help you find out if it’s a suitable option for you.

Tailored Services For Your Exact Needs

Having a service provider that doesn’t offer solutions that are customized for your personal needs can be frustrating. To avoid this, we usually have a meeting with our clients to understand their financial objectives. We then compare those objectives with the mortgages that apply to their situation. We look at the conditions such as amortization, all applied interests, and all fees you’ll have to pay, then choose a mortgage that has the most benefits for you.

Faster Solutions

Certified Mortgage Brokers are here to ensure you don’t waste your time and money. You don’t have to worry about cons or a tiresome search for the right mortgage. The variety of connections we have work for everyone, including the self-employed and home builders. By giving you mortgage solutions that work, we not only help you save money, we also save you a lot of time.

Options For Residential And Commercial Investors

Commercial mortgages are generally riskier than residential mortgages, but that does not mean that you cannot get one that solves your financial woes. We can still help you get some of the best terms and reduce the risks involved. Our duty to our clients also pushes us to do the same for those seeking residential mortgages. We will help you balance all the property costs to ensure you get a befitting mortgage.

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License And Training

Our licensed brokers have high levels of credibility and reliability that are important in situations where the money is concerned. You can be sure that you will get the best fit from the numerous options in the market. Even though it has become increasingly harder for banks to issue mortgages, we will still do our best to get you the help you deserve. If the traditional option isn’t possible, we will use our training to venture into the private lending sector.

Our Sarnia Mortgage Brokerage Services

Guidance For First-Time Buyers

We have helped many young people get ideal mortgages for first-time investments, and we continue doing so. We will use our ability to apply various mortgage conditions to your lifestyle and current and future plans to ensure you save as much money as possible. We don’t just focus on your qualifications for the mortgage; we also look at your ability to repay the loan successfully. We don’t want you to get a loan easily, then struggle to pay it back or lose your assets as a result. When searching for mortgages, we narrow down the options by looking at affordability based on your debt-to-income ratio.

Improved Mortgage Renewal Rates

Mortgage renewals provide a good opportunity to continue making payments comfortably and to renew some money. However, most Sarnia residents fail to capitalize on such opportunities by signing the contract and sending it back without looking at the details. You need to check the new term to ensure it reduces your costs. You also need to compare fixed and variable interest rates and choose one that will give you financial gain in the long term. If you can afford to make larger payments and complete the loan early, a renewal gives you a chance to do so. Working with our mortgage brokers is a good strategy that you shouldn’t pass on. We will help you make the new mortgage more befitting for your lifestyle.

Funds Through Mortgage Refinancing

Mortgage refinancing offers many options that you can take advantage of, but that doesn’t make it a better choice automatically. When you decide to sign a contract for a new mortgage in place of an old one, you risk incurring more losses that will come through higher costs. The new loan will pay off your old mortgage and all the penalties you may have accrued, but the new terms may not be very favorable. Even the no-cost refinancing option can still end up having more costs, especially when it has a long-term or higher interest.

On the other hand, you can benefit from a mortgage refinancing when you take the right approach. You could negotiate for a shorter term, better rates, or take advantage of an improved credit score to make financial gains. Your goal should be to save some money on every monthly payment you make. Our brokers are here to assist you in any way they can. We start by making sure the refinancing will work to your advantage before going ahead with the application.

Private Mortgage Loans

Private mortgages are a great alternative if you don’t have a perfect credit score, if you are in the informal employment industry, or if traditional lenders cannot grant you a loan because they consider your assets to be unconventional. You can also opt for a private lender if you’re looking for cash to do renovations, to invest, or to consolidate your debts. This type of mortgage is usually issued on a short-term basis, and it comes at higher rates. You should, therefore, prepare to make larger payments.

Working directly with private lenders without the help of brokers can be challenging. Certified Mortgage Brokers in Sarnia can ensure the private lender personalized the services to suit your exact needs. We will use our experience in this field to ensure you get the best deals despite the high rates that private lenders are known for.

Second Mortgages

This type of mortgage is a great idea for settling debts or investments that require one-time payments if you can keep up with the payments. If you can’t manage the payments, the lender of the second mortgage will sell your property to recover the expenses. For this reason, most lenders only give second mortgages to property owners that owe less than 80% of the asset value. Most lenders, especially those governed by stringent rules, will need a perfect payment history before giving out the loan.

The second mortgage comes with a shorter term and higher interest rates. We can arrange a meeting with some of the lenders in our portfolio to get you the loan as soon as you need it. We can also try to get the best deal despite the higher costs.

Mortgage Approvals For Self-Employed

Generally, the self-employment industry has a lot of income uncertainties. The fact that you can’t control your income means you can predict your future income. Since most lenders require proof of income or some predictability, self-employed individuals find it hard to access loans. We are here to try our best to ensure you also get financial help like those in the employment category.

If traditional lenders don’t work, we will try the private lending sector. Because they don't have to follow the same rules as conventional lenders, private lenders will give a mortgage easily. They will need an asset to hold as collateral until you complete your payments. You won’t have to worry about your personal attributes or your inability to prove your previous income getting in the way of your getting the mortgage.

Construction Mortgage

Whether you are looking for a mortgage for your business or need a loan to buy a new house or invest in a new development, a construction mortgage can provide the solution. The mortgage is offered in two main ways, which makes it easier to choose one that suits your needs and lifestyle.

Since this loan is slightly different than the other types, it has a more complicated application process that you should get brokers to help you with. Unlike other loans like residential mortgages, this mortgage is used on new constructions that may either be completed or underway. As such, the level of risk involved is higher. Your lender will ask for blueprints, details of the construction company, or the housing plans, depending on the type of construction loan you decide to take.

Mortgage From The House Equity

If you’re looking for a mortgage that will allow you to pay low interest, HELOC is your answer. However, this type of loan also comes with an increased risk of foreclosure if you fail to pay it back. You also risk incurring more debts that can become overwhelming with time. Therefore, it may be unsuitable if you have an unstable income.

On the positive side, a HELOC mortgage gives you access to funds whenever you need them. You can take the amount you need only and pay only the interest until you can pay the capital. This level of flexibility and the convenience you get from the payment options makes this better than other loans. It’s always a good idea to try several lenders instead of accepting the first deal. We can help you look around for the best lenders to get you the perfect outcome.

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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.

Certified Mortgage Broker Sarnia

FAQs on Mortgages In Sarnia

What Does It Mean To Take Mortgage?

It means getting a loan against your property. You will have a contractual agreement with a lender stating the amount of money you have borrowed, the time you will take to pay it, the amount you'll be paying regularly, and other essential conditions for the loan. Since you’ll be using your property as collateral, the lender will have the right to sell it if you don’t pay back the full amount.

Are There Multiple Choices For Repayment?

Yes. You can either pay back the loan before the term without risking penalties or wait until the term to complete the payments. Both potions offer flexibility, allowing you to make payments according to your financial status.

What Are The Advantages Of Getting Pre-Approved For A Mortgage?

  • It takes a short time to know your fate. You will find out whether you have qualified for the mortgage within a maximum of 120 days.
  • You can calculate your monthly payments beforehand. You also know the down payment that will be required, allowing you to make proper plans.
  • The lender gets a chance to gauge your ability to pay back the loan, which increases your chances.

What Documents Will The Mortgage Lender Ask Me To Bring?

Documents showing your income, your properties, and proof of the agreement to purchase the property are all important. Other documents you may need are MLC listing, proof of down payment, and building plans.

Our brokers are licensed, reputable, and experienced. Call us today, and we will assist you in getting the mortgages you need. We will also explain all the technical terms such as amortization, Loan to Value Ratio, mortgage loan insurance, and down payment, among others.

Does It Make A Difference To Choose A Variable Or Fixed Interest Rates?

Yes. You can either pay higher interest but enjoy the stability of knowing what your monthly payments are, or enjoy lower interest and endure the uncertainty of knowing your next payment.

Is There A Stipulated Amount For The Down Payment?

Your down payment should never be less than 5%, but an ideal amount is 20%. You can always use other sources such as Mortgage Default Insurance to reduce the mortgage and the subsequent payments you’ll make.

What Are The Closing Fees?

They are the amount you spend to finalize the purchase of a property. The fees range between 2% and 4% of the purchase price. They can be in the form of appraisals, inspections, taxes, legal fees, or utilities.

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