Mortgage Solutions For Toronto Home Buyers

When one needs home financing a mortgage broker/agent is the best person to consult with. We realize that each individual or couple requires different things in a mortgage and since we have the ability to deal with a multitude of lenders in the marketplace we can source the best option for you. So whether you are a first time home buyer or an investor looking to purchase another rental property, we’ll find the best fit for you. The same goes if the mortgage need is for a cottage, ski chalet or just funds to renovate.

FIRST-TIME HOME BUYERS

Since this will most likely be the biggest purchase in your life, it is an ideal time to use a mortgage broker/agent’s expertise. The recommendations and work that a mortgage broker conducts on your behalf is free of charge and can maximize your financial standing over the long term. Mortgage brokers are available outside of traditional bank hours and work to answer your questions, explain the mortgage approval process in detail and assist you to find the right mortgage that will make your first home a reality.

RENEWING YOUR MORTGAGE

Typically five years after your initial purchase your term ends and your mortgage comes up for renewal. Don’t fall into the trap of simply accepting what your current lender offers to you! This is an ideal time to again shop the market to source the very best mortgage rate available. In addition, this renewal is an opportunity to tailor changes in your mortgage that are reflective of a new lifestyle or financial standing since you first moved into your home. Whether you require funds for a renovation, equity to pay off loans at a higher interest rate or wish to acquire a rental property, the renewal of your mortgage can assist with meeting these needs. Remember that a mortgage broker can secure and hold a new interest rate for up to 120 days prior to your renewal date. So start the process early in order to avoid climbing interest rates.

HOME UPGRADE

Perhaps your family has expanded in size and you require more bedrooms or you have outgrown your condo and wish to move into a house. Consulting with your mortgage broker or agent prior to making your next move can save you both time and money. A broker will explain the difference between someone assuming your mortgage versus porting it to a new property. We can also review your options for bridge financing and advise you of the current rate atmosphere. As brokers, we work with you every step of the way, regardless of whether you are a first time home buyer, renewing your mortgage or transferring your mortgage to a new property.

REFINANCING / EQUITY TAKE-OUT

Your home is probably your greatest asset and it can be used as a powerful financial tool. If you find that you are paying too much interest on credit card debt or if unsecured loans are becoming difficult to manage, consider consolidating your debt into a new mortgage. As banks and other lenders provide their lowest interest rates to home owners - you can benefit from fewer payments, lower interest costs and better cash flow. With a quick no cost review of your mortgage we may be able to offer helpful, money-saving tips.

VACATION AND COTTAGE PROPERTIES

Weekend traffic should be the only obstacle in your way to enjoying a cozy cottage, hobby farm or ski chalet. We have the expertise to assist you in obtaining that getaway property.

INVESTMENT PROPERTY

Historically real estate has proven to be a solid investment. Rental and investment properties can be very viable options for generating income and diversifying your assets. New mortgage products are constantly being introduced into the market, making it easier for consumers to obtain properties. Many of these mortgage options are not available through traditional lenders and as such, it is best to consult with a mortgage broker to explore your various options and secure this financing for you.

COMMERCIAL AND BUSINESS FINANCING

Industrial, commercial and investment mortgages can be difficult to finance so it is wise to use the skills of an expert in the field. We can customize mortgage financing for you in order to meet your needs – whether they be private, conventional or institutional.

Types of commercial properties might include:

Income properties greater than 4plex / apartment buildings/storefronts

Mixed use industrial and retail plazas

Office buildings

Retirement homes

Nursing homes

Do any of the topics outlined above apply to you? Do you have specific mortgage questions which need to be addressed? If so, please feel free to contact us anytime and we will gladly go to work to save you money and source the best mortgage fit for you.

Buyingblock Mortgages Inc.

4-565 Bloor St. West - Toronto M5S 1Y6 - Reg. #4802

alltorontomortgages

Michael Pezzack

Mortgage Consultant

tel: 416-850-2642

fax: 416-850-2643

cell: 416-358-1295

toll free: 1-866-644-4613

Scott Henson

Mortgage Consultant

tel: 647-238-8232

fax: 416-850-2643

toll free: 1-866-644-4613