Mortgage Broker – Bowmanville, Ontario – First and Second Mortgages
A Bowmanville mortgage broker can help you get a first, second or third mortgage for your property. Our goal is to provide you with a low interest rate mortgage. You can choose between fixed or variable rates of interest. We can also provide mortgages for people with bad credit, cottage property and commercial loans. We have specially trained brokers who handle home equity refinance, debt consolidation loans and self employed loans. When looking for financing, rates are not the only thing you want to look at. Mortgage brokers Bowmanville, Ontario can give you all the information to make the right choice regarding your 1st, 2nd or 3rd mortgage. We also have local mortgages brokers in Oshawa, Ontario and mortgage brokers in Whitby, Ontario.
Services provided by Bowmanville mortgage brokers
Appraisal – In most cases you will need an appraisal of your home or property in order to get a mortgage. Mortgage brokers Bowmanville, Ontario will arrange for an appraisal with a reputable company that is recognized by major lending institutions and private lenders. The appraiser will inspect the outside and inside of your home, notes and pictures will be taken indicating the condition of the property, a messy home or messy property surrounding the home will result in a lower appraisal value. We advise all clients to ensure that their property looks clean and presentable before the appraisal is done, this will ensure that the property will be appraised at it’s maximum value.
Legal – Bowmanville mortgage brokers always have lawyers complete all transactions regarding your mortgage. The basic functions of a lawyer are to search the property’s title to confirm that you are the owner, register or cancel any charges to the property and provide all parties with copies of the paperwork. In some cases a title may have additional charges or liens which also need to be discharged. Most lawyers also have “Errors and Omissions” insurance this covers the lawyer and homeowner just in case there were any mistakes when the property title was searched.
Private lender – In cases where a client may not qualify for a mortgage with a bank or other institutions, mortgage brokers Bowmanville, Ontario can arrange a mortgage through a private lender. A private lenders in Ontario will have less strict lending criteria regarding your income and the loan to value ratio for your property. Most private lenders will not exceed a loan to value ratio of 90% which is much higher than the regular bank ratio of around 75%.
Bowmanville Mortgage Broker Information
Bowmanville is the largest community in the Municipality of Clarington in Ontario, Canada. The town is located in Southern Ontario and is about 75 km east of Toronto and 15 km east of Oshawa along Highway 401. The Town of Bowmanville was incorporated municipality from 1858 to 1973.
Bowmanville is surrounded by rural farmland on three sides, and Lake Ontario on the south side. Bowmanville was mostly farmland until the population began increasing, which led to a small downtown core by the early 19th century. To the south of Bowmanville in Port Darlington there is a harbour.
Bowmanville has been accessible via Highway 401 since the 1950′s and is served by three interchanges: Waverley Road—Durham Road 57, Liberty Street—Durham Road 14 and Bennett Road, that also serves the retirement community of Wilmot Creek on the shore of Lake Ontario. The interchange with Highway 35/115 to Lindsay and Peterborough lies 500 metres east of Bennett Road.
Bowmanville is bisected by the Canadian Pacific Railway, and the Canadian National Railway lines run to the south of town. Bowmanville had its own transit system, Clarington Transit from 2002–05, and is now served of Durham Region Transit as well as having connections to GO Transit and VIA Rail.
Bowmanville is home to the Bowmanville Foundry, the Darlington Nuclear Generating Station, a Royal Canadian Mounted Police regional office and the Goodyear conveyor belt factory. There is a large marina on Lake Ontario at Port Darlington, south of town. Darlington Nuclear Generating is the major employer in the region. Bowmanville has become a “bedroom community”, with most of its citizens working outside of the town and commuting to work in nearby Oshawa or traveling over 75 km to Toronto.
Most people commute using Highway 401, or the GO Train which leaves from Oshawa and there are efforts to expand this service to Bowmanville. People also work at other employers in Oshawa and in other parts of Durham; notable, the 2 post-secondary schools (1 university and 1 college) in Oshawa, Ontario Ministry of Revenue, Lakeridge Hospital. General Motors (Canada) in Oshawa used to be the significant employer for Bowmanville but this is diminishing with GM.
Bowmanville’s economic growth is slowed by a number of factors, amongst other things, high taxes – being the highest in all of the Greater Toronto Area communities.
Call mortgage brokers Bowmanville, Ontario for a free consultation. Spend a little time with us and we could save you alot of money.