Getting your mortgage approved so that you can purchase or refinance your real estate property. That is one of the services that I offer.
But this service does not come alone and getting your mortgage approved is among the first steps towards the goal of building your wealth, my continue support and care to service your mortgage as your mortgage agent, will continue and my professional and sound advice will always be there for you.
May I help you with your mortgage?
In order to support you in the best way possible I also have the support from banks and lenders. Advice, strategies and support that I pass on to you when applicable, to help you save on interest rates.
The following are some strategies prepared by TD Bank that can help you save even more.
Mortgageis a registered agreement in a land titles office where security interest in a specific real property is held by a lender as a security for debt repayment by the borrower, a debt pledge
Each mortgage is a claim against the property; should the property be sold or foreclosed each claim is satisfied in order
What kind of mortgage can I help you with?
First mortgage: is the first loan registered in the title against the property
Second Mortgage: Is the loan that is registered second in time in the title against the property, is normally used to trade high credit card debts that carry high-interest rates for a low mortgage rate that eventually will reduce the cost of borrowing making it easier to eliminate that debt
A Mortgage can be conventional or high ratio Conventional mortgage: Usually when a borrower contributes a 20+% of the value of the property High ratio mortgage: Usually when a borrower contributes less than a 20% of the value of the property
A Mortgage can be open or closed:
Open: Allows the borrower to repay all or part of the principal at any time without penalties
Closed: Does not allow any prepayments or early repayments of the mortgage
There are different types of mortgage loans because they try to satisfy different needs according to the borrower’s lifestyles and affordability.