• About
  • Apply by FAX
  • Apply On-line
  • B2B- Realtors
  • CHIP Reverse Mortgage Plan for Canadian Seniors
  • Contact
  • Credit and Solutions
  • Documents Required for Mortgage
  • FAQ
    • Fixed vs. Variable Rate
    • Mortgage Terms
    • Types of Mortgages
    • Web Links
  • Mortgage and Financing Solutions
    • Mortgage Solutions
  • Mortgage Calculators
  • Mortgage Rates
  • Our Services
    • 2nd Mortgage
    • Buying a Home
    • Commercial Mortgage
    • Debt Consolidation
    • Home Equity Financing
    • Mortgage Refinancing
    • Our Investment Services
    • Renewal
    • Reverse Mortgages
  • Privacy
  • WHY USE A MORTGAGE BROKER?

TORONTO MORTGAGE TRENDS >>>

~ One Stop Mortgage & Financial Solution.

TORONTO MORTGAGE TRENDS >>>

Category Archives: Today’s Best Rates

How do I get a free copy of my Equifax Canada Credit file?

29 Saturday Jun 2013

Posted by torontomortgagetrends in best interest rate, centum, credit, information exchange, mortgage agents, mortgage broker, Mortgage Brokerage, Mortgage FAQ, Mortgage Lenders, Today's Best Rates

≈ Leave a comment

Free Credit File Options for Canadian Residents

How do I get a free copy of my Equifax Canada credit file?

equifax_logo You may request a free copy of your credit file through one of the options below:

1. To order your free credit report by phone, call 1-800-465-7166

2. To order your free credit report by mail or fax, please fill in this Canadian Credit Report Request Form and forward to National Consumer Relations using the address or fax number listed on the form.

The form must be completed, with photocopies of your identification to:

National Consumer Relations;
P. O. Box 190, Station Jean-Talon
Montreal, Quebec H1S 2Z2

Or by Fax: 514-355-8502

Was this answer helpful?
Advertisements

How To Choose The Right Toronto Mortgage Broker ?

18 Tuesday Oct 2011

Posted by torontomortgagetrends in best interest rate, centum, credit, information exchange, mortgage agents, mortgage broker, Mortgage Brokerage, Mortgage FAQ, Mortgage Lenders, Today's Best Rates, Uncategorized

≈ Leave a comment

Toronto Mortgage Brokers :
How To Choose The Right Toronto Mortgage Broker

Welcome | Home Purchase
|Mortgage Renewal
Refinancing / Debt Consolidation |Tap Into Home Equity

Centum - Looking out for Your Best Interest

Finding The Best Toronto Mortgage Brokers

Toronto has many mortgage brokers available to help you locate a mortgage product that’s right for you and aid you in negotiating with the bank or credit union, but that doesn’t mean you should choose one at random and trust him/her with something as important as your mortgage. If you need a mortgage in Toronto, you need to get in touch with the best Toronto mortgage brokers, and then choose the one that’s right for you.

When the stakes are your mortgage you want to make sure you chooes carefully.

• When picking the best Toronto mortgage brokers, the thing to watch out for is reputability. How reputable is your mortgage broker? Does she look out for her client’s best interest or is she being commissioned by the banks to push specific products? Does she have a nice website, plenty of positive client reviews? These are questions to ask when determining how reputable your mortgage broker is.

• The next things you need to do is research and ask around a little. It’s possible that a friend or family member encountered a particularly helpful mortgage broker and is able to share the information with you. Getting a recommendation from a friend is some of the most priceless information out there when evaluating a professional.

• Make sure that the brokers you’re looking at have proper offices and a physical address. Too often unprofessional, unlicesend brokers try to get clientele by advertising on the internet without having a place where they can be reliably reached.

Considering how many brokers there are out there, you should take your time and be careful when making your selection. Despite this, there is still plenty of opportunity to find the best Toronto mortgage brokers and choose from among them.

Have A Question? Submit Your Question Below

And We’ll Get Back To You Right Away

Re-Financing, Re-Newing : Mortgage info.

26 Friday Aug 2011

Posted by torontomortgagetrends in best interest rate, centum, information exchange, mortgage agents, mortgage broker, Mortgage Brokerage, Mortgage FAQ, Mortgage Lenders, Today's Best Rates

≈ Leave a comment

Tags

good role models, Mortgage info., mortgage specialist, Re-Financing, Re-Newing, refinancing your mortgage, responsible citizen, taxable incomes

Refinancing, Renewing

Refinancing is the process that pays the existing mortgage and/or any other legal claims against the property and sets-up a completely new mortgage(s). There are many reasons as to why you should consider refinancing your mortgage:

Consolidate debts:

If your monthly bills have gotten out of control, you might be able to refinance your home and pay them off. The advantage of doing this is to lower your total monthly payments. You should have a mortgage specialist review your situation and make a recommendation.

Refinance a First & Second Mortgage into a new First:

If you have two mortgages on the same property, you can combine them into a new first mortgage, as long as the total amount does not exceed 90% of the value of the property. If the new mortgage is over 75% of the value of the property, normal CMHC/GE Capital premiums and guidelines apply, and one thing to remember here is that only outstanding amounts can be combined – any discharge penalties and costs must be paid separately at closing (please note that we have cash-back programs to help with these penalties).

Financing a Renovation:

If you are doing major renovations (spending over $15,000), it could be less painful monthly with a mortgage as opposed to a loan or line of credit.

Financing the purchase of other investments:

You can use the equity in your home to finance the purchase of investments, and also benefit from the lower carrying costs of a secured line of credit or mortgage and also write-off the interest costs against the taxable incomes.

Financing the purchase of investment property:

If you have the equity and have a desire to be a landlord, you could take equity out of your property by refinancing the mortgage to use towards the purchase of an investment property. This is also called leveraging of your assets.

Financing children’s education:

The best thing we can do for our children is be good role models to them, teach them to be responsible citizens, and give them a good base with a good education. With the high cost of many things nowadays, as well as education, it is sometimes difficult to have that kind of money in the bank, but you many have it in the form of equity in your home. Education is something they will never lose on.

To refinance your mortgage today to your advantage, simply APPLY ONLINE NOW with no obligation whatsoever.

Closing Costs related to Refinancing:

The regular costs related to the refinancing process are: appraisal ($150-$214), legal fees & disbursements ($700-$1000), title insurance if survey not available ($225), CMHC/GE Capital Premium if mortgage is high-ratio (this cost can be added to mortgage), PST when CMHC/GE Capital premium is required, and any discharge penalties.

You should review your mortgage on a regular basis and keep up with new products and offers that are available – they may save you a bundle. When you break your mortgage contract to renew your mortgage at a new rate and a new term, you are faced with a prepayment charge to reimburse your financial institution for the lost interest income. Typically, this prepayment charge is based on the greater amount of either 3 months interest or the interest rate differential (IRD).

Early Renewal

Whether or not you should early-renew your mortgage depends on several factors. If the current rates are lower than the rate you have, compare the prepayment charge against the savings by having the lower rate, and this will point the way. Or, if you believe that interest rates will be higher at your existing renewal date, you can renew early to protect yourself from higher rates.

One thing to remember if you decide to early renew, is the prepayment charge will have to be paid up front. If there is room, you can add it to your mortgage, but you will have to go through a lawyer to redo the mortgage, and this cost will have to be taken into consideration when deciding which way to go. Some financial institutions will blend both rates for the new term.

Remember that we have the CASH-BACK programs that could pay for your prepayment charge. The savings in some situations run into the thousands of dollars.

Re-examine your mortgage from time to time, and at least once a year. There are thousands of dollars that could be saved in many situations, but they go unnoticed.

Switching / Renewing

When the mortgage is about to mature, most lenders will mail out their renewal agreements around 30 days before the mortgage matures. Often, this causes a lot of grief for many people, especially if rates start to climb just before the mortgage comes due.

We can guarantee your rates up to 120 days (4 months) before your mortgage comes due, and this service is free and with no obligations. Just this protection could and has saved thousands of dollars for our clients. Let’s get it working for you, too.

When your mortgage is due for renewal, it’s a great opportunity to make sure that you’ve got the right mortgage for your present needs. Since the mortgage is fully open at this time, this is the perfect opportunity to pay down your mortgage. Whatever you can afford, even a small amount, will have a significant impact in terms of interest you will save over the life of the mortgage. It is also a great opportunity at this time to consider a more frequent payment method, such as bi-weekly or weekly, if you are not already doing it. And of course, choosing the new term is important.

Another step you can take to save thousands of dollars in interest is if at renewal the rates are lower than the rate you just had, and you are comfortable with making those payments, keep the payments the same at the lower rate and start planning for the mortgage-burning party.

Right & Smart Mortgages : Because saving money makes sense.

26 Friday Aug 2011

Posted by torontomortgagetrends in best interest rate, centum, information exchange, mortgage agents, mortgage broker, Mortgage Brokerage, Today's Best Rates

≈ Leave a comment

Tags

money makes sense, mortgage consumers, mortgage customers, own mortgage, product launch, Today's Best Rates

Right & Smart Mortgages

You Get a mortgage that works for you!, because saving money makes sense.
Is it the Best Rate, or the Best Rate for you?

Lots of web sites list what they call “Today’s Best Rates”. But, we’d rather not mislead you.

Mortgage rates change regularly, so you may see a rate advertised that’s no longer available by the time you apply. What’s more, certain rates are only available to clients with specific needs or credit qualifications. There’s no way for you to know whether an advertised rate is what you’ll end up getting.

Another consideration is that some mortgages with very low rates may not give you the options or flexibility you need. The only way we can accurately quote you the best rate is to do a free analysis of your situation, needs and goals. Then once we know exactly what’s right for you, we’ll shop the market and find you the best-available package of rates and features could be combination of Right & Smart Mortgage.
To contact a Mortgage Specialist who can do a free analysis for you
click here to Contact .

so, ahha…you are looking for right mortgage as well should be smart too…No Problem.

you are at the right place.
How mortgage brokers help you get a better deal. click here

Right Mortgage
is a product created so you can custom build and design your own mortgage! You can even choose the rate you want! When working with Mortgage Brokers, you can decide the terms, the features and the rate you need. It seems simple, we know. Yet, until the arrival of the Right Mortgage, consumers didn’t have the freedom and liberty to self-select their own mortgage.
Customers made the Right Mortgage the most successful product launch is Canadian mortgage history. You want to benefit from having the Right Mortgage? Contact your local Mortgage Professional to get the details first hand!

Smart Mortgage
is just like the name suggests; this is a product for customers who are keen on minimizing their interest payments and increasing their equity as quickly as possible.
Canadians have shown the world that our traditional values and conservatism, especially when it comes to our financial behaviour, may indeed be the better way. We belongs to over 1,900 Mortgage Professionals across Canada ready to serve you there has never been a better time and reason to contact on of them today!
Find your local Mortgage Agent or top producing mortgage professional click here.

Pages

  • About
  • Apply by FAX
  • Apply On-line
  • B2B- Realtors
  • CHIP Reverse Mortgage Plan for Canadian Seniors
  • Contact
  • Credit and Solutions
  • Documents Required for Mortgage
  • FAQ
    • Fixed vs. Variable Rate
    • Mortgage Terms
    • Types of Mortgages
    • Web Links
  • Mortgage and Financing Solutions
    • Mortgage Solutions
  • Mortgage Calculators
  • Mortgage Rates
  • Our Services
    • 2nd Mortgage
    • Buying a Home
    • Commercial Mortgage
    • Debt Consolidation
    • Home Equity Financing
    • Mortgage Refinancing
    • Our Investment Services
    • Renewal
    • Reverse Mortgages
  • Privacy
  • WHY USE A MORTGAGE BROKER?

Meta

  • Register
  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.com

2nd Mortgage – 3rd Mortgage agencies in canada b2b partners baker road. best mortgage brokerage office brokerage operation business Centum Metrocapp centum mortgage closed mortgages Closing Costs conventional mortgage convertible mortgage convertible mortgages credit options credit worthiness debt consolidation loan economy educated borrowers financial group inc financial obligations fixed rate loan fixed rate mortgage free credit report gordon baker holding a mortgage home equity loan independent mortgage broker information employment loan product lowest mortgage rates lump sum payment money makes sense mortgage approval mortgage brokerage mortgage brokers. mortgage consumers mortgage customers mortgage experts Mortgage FAQ mortgage holder mortgage investor mortgage investors Mortgage Lender mortgage lenders mortgage products mortgage professionals mortgage solution negative comments new home buyers own mortgage payment flexibility poor credit score pre approved mortgage private investor Private Mortgage Investors private mortgages product choices product launch race ethnicity real-estate refinancing your mortgage resource appraisal right mortgage royal bank of canada. sluggish market survey fee term mortgages Today's Best Rates typical home inspection Understanding Private Mortgage variable rate mortgage wraparound loan Your Credit Rating

Categories

  • best interest rate
  • centum
  • credit
  • information exchange
  • mortgage agents
  • mortgage broker
  • Mortgage Brokerage
  • Mortgage FAQ
  • Mortgage Lenders
  • Today's Best Rates
  • Uncategorized

Recent Posts

  • Bank of Canada holds rate, suggests more hikes likely at more cautious pace!!
  • MPC : Ottawa’s recent changes to mortgage rules are making homes less affordable for Canadians and dampen housing activity, which could impact economic growth.
  • Bank of Canada announces rate (Unchanged)
  • Mortgage terms should also be taken into consideration, not just rates.
  • Happy Canada Day to All

Archives

  • October 2017
  • March 2017
  • February 2017
  • July 2016
  • June 2016
  • April 2016
  • January 2016
  • October 2015
  • September 2015
  • May 2015
  • April 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • October 2013
  • September 2013
  • June 2013
  • February 2013
  • December 2012
  • October 2012
  • May 2012
  • February 2012
  • December 2011
  • October 2011
  • September 2011
  • August 2011

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 509 other followers

Advertisements

Vijay Gandhi | Mortgage Broker | Direct :+1-647-267-6338

CENTUM Metrocapp Wealth Solutions Inc, Lic.# 12147

Blog at WordPress.com.

Cancel
Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy