Mortgage Brokers Guelph

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Working with a mortgage broker / agent has many advantages over working with one bank branch. A broker can present you with options from many banks, trust companies and credit unions whereas your branch can only offer you options from their bank, which are usually limited to one or two options.

Here are some creative ways you can save a lot of money just by looking at debt in a different way with a mortgage broker or agent:

A Recent Refinance Example in Guelph Ontario

A Refinance can save you thousands if you make a few adjustments to how you handle monthly debt. Here’s an example of saving $1408 every month! That’s $16,896 of extra money you will have at the end of one year.

Current Financing

Current Home Financing

Home Value $450,000

Current Interest Rate 3.2%

$250,000 Current Financing – Monthly $1200

$33,000 Car Loan – Payment $745/month

$28,000 Credit Cards 19% int. $840/month

Total $2,785/month

A Recent Second Mortgage Brokers Guelph Example in Ontario

A second Mortgage can save you thousands if you make a few adjustments to how you handle monthly debt. Here’s an example of saving $1,131 every month! That’s $13,572 of extra money you will have at the end of one year.

Current Financing

Home Worth $550,000

Current Interest Rate 2.9%

Current 1st MTGE Payment $1,404

$300,000 MTGE Balance

$26,500 Tax Arrears $600/month

$23,500 Credit Cards $705/month

Total $2,709/month

A Recent Self Employed Example in Guelph Ontario

Self Employed real estate financing is becoming harder to obtain with tighter rules in home lending. Fortunately if you work with a broker who has good relationships with lenders you will be able to obtain financing at a good interest rate. We have great relationships with both traditional lenders and alternate lenders.

Bob

Bob has excellent credit but doesn't have a lot of profit showing on his tax return. Because he is a sole proprietor, his expenses are recorded on his personal tax return. This is something banks just can't deal with. We were able to match Bob with one of our lenders and get his the financing to buy his dream home.Home Purchase $600,000

Downpayment $200,000

MTGE $400,000

Interest Rate $2.9%

Monthly Payment $1872

For the past several years the housing market in the GTA has been accelerating. House values in greater Toronto have skyrocketed and this has flowed over to surrounding areas like Guelph Ontario. Guelph Ontario is a great option for commuters and offers families great home options. We work in the Guelph area providing Guelph families home financing solutions for all types of needs. Whether you are a first-time home buyer and need help understanding the process, require a second mortgage, are self employed, investing, consolidating debt, paying off your credit cards, we have a solution for your needs. As licensed agents we work with home buyers to find the best financing available form major banks, credit unions, trust companies and mortgage brokers Guelph companies who specialize in home lending. Not all home loans are made the same and we have access to unpublished special home loans not available to the public, which is why it’s important to work with broker like her.