Mortgage Brokers -Burlington, Ontario
Burlington mortgage brokers 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. Talk to mortgage brokers Burlington, Ontario they can give you all the information to make the right choice about your 1st, 2nd or 3rd mortgage. We also have mortgage brokers in Hamilton, Ontario and mortgage brokers in Toronto, Ontario.
Services provided by Burlington mortgage brokers
Bad credit mortgages – the term “bad credit mortgage” is actually misleading since the definition of bad credit is different for every lender. This term usually refers to your credit score which can range from 300 to 800 with most major lenders considering any credit score below 700 to be bad. The job of mortgage brokers Burlington, Ontario is to find a lender whose credit requirements match your present credit rating. As a borrower you should be aware that the lower your score the hard it will be to find a lender and the rate of interest will increase as the your score decreases. Burlington mortgage brokers will work to get you the lowest rate possible considering your present situation.
Mortgage brokers Burlington, Ontario can also arrange a credit repair program for our clients. The repair program involves a combination of paying off old debts, ensuring that all debt payments are up to date and establishing new credit. The repair program can have an impact in as little as six months but in most cases it takes about one year before the client see an improvement in their rating.
Debt consolidation – Many people have outstanding balances on their credit cards that they never pay off due to the high interest rates charged by the credit card companies. Some cards have interest rates as high as 29% plus annual fees. By combining all the high interest debt into one loan and paying it off with a second mortgage, mortgage brokers Burlington, Ontario can cut the interest rate in half. The main reason for the lower interest rate is that credit card debt is not secured and is very high risk debt verses a second mortgage which is secured and has a much lower level of risk.
Liens – in some cases a creditor may have placed a lien on your property which may prevent you from renewing your present mortgage, some common types of liens are from builders or unpaid property taxes. In this case mortgage brokers Burlington, Ontario would arrange a loan to pay off the lien, which will then allow the property owner to renew their first mortgage at a favorable rate.
Burlington Mortgage Broker Information
Burlington is located in Southern Ontario at the western end of Lake Ontario, lying between the north shore of Lake Ontario and the Niagara Escarpment. Physically, Burlington is part of the Greater Toronto Area and its geographic position puts it roughly in the middle of the Golden Horseshoe region. The city has been rated as one of Canada’s best places to live, it was recently ranked as the nation’s 3rd best city in which to live.
Major transportation routes through the city include the Queen Elizabeth Way, Highway 403, Highway 407, and Dundas Street. Commuter rail service is provided by both GO Transit and VIA Rail. Rail cargo transportation is provided by both Canadian National Railway and Canadian Pacific.
Some of the city’s attractions include: Burlington Art Centre, Canada’s Largest Ribfest, Sound of Music Festival, and Spencer Smith Park, all are located in close proximity to the waterfront area. The city is a great location for nature lovers as it shares the Royal Botanical Gardens with Hamilton, and has both the Niagara Escarpment and a section of the Bruce Trail in the north end of the city.
Burlington’s economic strength is mainly achieved because of its geography proximity to large industries in southern Ontario. The city has a robust economy with potential for future growth and is largely driven by both the automotive and manufacturing sectors.
The leading industrial sectors, are food processing, packaging, electronics, motor vehicle/transportation, business services, chemical/pharmaceutical and environmental. The top five private sector employers in Burlington are Evertz Microsystems, Boehringer Ingleheim, Maple Leaf Meats, Cogeco Cable and EMC2.
Call mortgage brokers Burlington, Ontario for a free no obligation consultation. Within a few minutes you will know if you can qualify for the mortgage you need.