Mortgage Solutions Toronto - Toronto Mortgage Info

Getting pre-approved is a recommended way to save time and hassle.

Clients who fulfill the lender’s requirements in a timely manner can close a deal in two weeks.

Buying with less than 20% of the purchase price as a down payment means the banks will require the mortgage be insured via The Canada Mortgage and Housing Corporation (CMHC). Genworth Financial or Canada Guaranty can help lower your down-payment requirements.

                       
A Mortgage Broker’s Role

Mortgage brokers can get people a better deal than the bank. They have access to a vast array of 50 or more lenders and they use these connections to shop for the best rate and product to suit the client’s financial needs.

Even though a Mortgage Broker works with these lenders, and places a client’s mortgage on their books, they are not employed by any financial institutions or banks. Mortgage Brokers are hired by the client. Mortgage Brokers work for their clients and not any lenders.

Due to the large volume of mortgages we process, banks provide us with their bottom line rates which are passed on to our clients.

We also help those with bad credit issues and clients that have filed for bankruptcy. Overall, mortgage brokers have more resources to finance any credit situation where a bank would turn the same client down and not leave them any options.

For more information, please contact us for a free consultation.