The advantages of getting a mortgage through a broker

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When you need something done with your car, there’s no question that you go to a professional auto mechanic. A toothache means a trip to the dentist. There’s a professional for every service you need and that includes getting a mortgage. Here are just a few reasons why one of these experts will get you the best mortgage product. Mortgage brokers supply unbiased information. One of the greatest benefits of working with a mortgage broker … [Read more...]

A few tips on getting the best mortgage rate

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When you’re really serious about getting the best mortgage rate you’ll need to work with a mortgage broker. These are professionals can access the numbers from a variety of different lending institutions. However, it’s a great idea to know something about getting the best rates yourself so you have that knowledge as well. Here are a few things that you should know. Remember that banks don’t always put all their cards on the table at … [Read more...]

Choosing between a fixed and variable rate mortgage

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Finding the right house is a big endeavor. Once you do, you’ll see that getting the right price and number of bedrooms in a neighborhood that has all the right amenities is only part of what you need to consider. There are lots of different financial implications as well and at the top of the list is a mortgage that fits. You’ll need to decide between a fixed and variable rate and planning for what’s best takes into account several … [Read more...]

A few great reasons why you need to use a mortgage broker

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In today’s world everyone is always on the move and there’s less and less time to get things wrong the first time around and have to go back and do them all over again. The bigger and more important the goods or services you’re looking at, the truer this is and when you consider buying a home is probably the biggest purchase you’ll ever make, the need for getting the financing right with a professional mortgage broker is … [Read more...]

Understanding those hidden costs of buying a home

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Buying a home is one of the biggest things you’ll ever do. You’ve more than likely heard that by now, but the whole process is one of the most informative and satisfying you’ll have. Getting to know all about the different legal and other aspects including what are called hidden costs will help you to plan your finances accordingly so there will be no surprises. To get going, you’ll need a lawyer. Lending institutions require that you … [Read more...]

Tips on improving your credit score

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Your credit score is one of three major factors banks review when deciding to approve or decline your mortgage loan application. The primary reflection of your current credit status is your credit score, or more commonly known as your beacon score. Your beacon score, which fluctuates and is based on several key factors, plays a major role in determining if you get approved for the mortgage loan and if you are eligible for the best available … [Read more...]

A few words on refinancing

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There are several common reasons why people use the equity in their home and re-finance their mortgage. Homeowners may want to renegotiate their existing mortgage to: get better rates and terms, consolidate higher interest debt, or simply to take a much needed vacation. No matter what the reason is for re-financing a mortgage, the process can be tricky, so there are factors to consider prior to doing so. 1. Review your contract: Review you … [Read more...]

Tips for paying your mortgage off sooner

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There is one common goal Canadians have when getting a mortgage and that is paying it off as quickly as possible. The quicker the mortgage is paid the less interest has to be paid and more equity gets built in the home. Seventy eight percent of the people surveyed in a Canada Mortgage and Housing Corporation survey indicated that being mortgage free is their top priority and it’s a safe bet those numbers are still the same from 2008 when they … [Read more...]

Tips on improving your credit score

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Your credit score is one of three major factors banks review when deciding to approve or decline your mortgage loan application. The primary reflection of your current credit status is your credit score, or more commonly known as your beacon score. Your beacon score, which fluctuates and is based on several key factors, plays a major role in determining if you get approved for the mortgage loan and if you are eligible for the best available … [Read more...]

Mortgage Alliance

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Derek Lacey and Mortgage Alliance: Options and experience for the right mortgage. There’s one thing that you need when you’re looking for the right mortgage, an experienced and professional mortgage broker! When you pick the right mortgage broker you’ll receive excellent service, unbiased knowledge, and a wide variety of choices that are tailored to suit your needs. By teaming up with the experts at Mortgage Alliance, you’ll get the … [Read more...]