Getting a mortgage is hardly as simple as it was a few years ago. Today, there are more loops that you have to jump through and requirements to avail of mortgage solutions and refinance your mortgage.
As a professional mortgage broker in Saskatoon, I understand the importance of finding the right mortgage service for your needs. Refinancing your mortgage can be a daunting task, but it's a great way to save money and improve your financial situation. In this blog, I'll outline the benefits of refinancing your mortgage with a reliable mortgage broker.
With seventeen plus years of experience in the mortgage industry, I understand the importance of choosing the right mortgage broker to assist you in securing financing for your home purchase. Choosing a competent mortgage broker can make all the difference in the world when it comes to securing the best possible mortgage rate and ensuring that the process runs smoothly.
In this blog post, I'll outline the top considerations you should keep in mind when choosing a mortgage broker. Whether you are a first-time home buyer, refinancing, at maturity or looking for private lending options, I can help you source the best mortgage product that is in your best interest.
As a professional mortgage broker in Saskatoon, at Deb Murdoch - TMG The Mortgage Group, II often get asked by clients which type of mortgage is better: fixed-rate or adjustable-rate. Both have their pros and cons, and the answer depends on your personal situation, long term goals and the state of the economy.
In this blog post, I'll break down the advantages and disadvantages of each type of mortgage, so you can make an informed decision that suits your needs.
Purchasing a new home in a neighborhood that fulfills your lifestyle aspirations can help create beautiful memories for the whole family. However, there are numerous tasks involved with financing your dream, which could make the process stressful.
Mortgage rates have spent the better part of the past year in near-freefall, with numerous terms setting fresh record lows.
But a couple of weeks ago, rates pulled a U-turn and have been starting to climb higher ever since. And here’s why. Since the beginning of February, 5-year Canada bond yields, which typically lead fixed mortgage rates, have surged. They’ve risen nearly 60 basis points over the past month to a 12-month high.
Earlier this year, the Canada Mortgage and Housing Corporation made a now-infamous prediction that home prices would fall by up to 18% over the course of 2020 and into 2021.
With the introduction of the stress test, home seekers have been finding it a challenge to secure a mortgage, and are turning to their parents for support, or are deciding to rent for longer. A mortgage broker can present viable lending options to keep the dream of homeownership alive.
With COVID-19 challenges that include layoffs and deferred mortgage payments, getting a mortgage may be a bit tougher for some, whether it’s for a first home, or refinancing to consolidate debt, or simply renewing your existing mortgage with a new lender to take advantage of a lower interest rate.
While the home-buying journey is exciting, the intricacies of acquiring the right mortgage to fulfill your dream of homeownership can be much more cumbersome than expected. To alleviate some stress and ease the process of obtaining a mortgage, it’s best to enlist the services of an experienced mortgage broker who will review the different mortgage options available to help you select one that is ideal for your situation. To help you with the selection process, here’s a list of the top five things to look for when hiring a mortgage broker.
