Mortgage Brokers in Whitby, Ontario – Second Mortgages

If you are buying a house or getting a second mortgage our brokers in Whitby, Ontario can help arrange your mortgage. Mortgages brokers Whitby, Ontario have knowledge of the local real estate market conditions, access to local real estate agents, lawyers, etc. Our mortgage brokers in Whitby will make the mortgage process as smooth as possible. As a new client you will be asked questions to determine what type of mortgage you need and whether you or not you qualify with our  mortgage lenders. The goal is to let you know within a matter of minutes if you qualify for a mortgage.

Our mortgage brokers in Whitby, Ontario can also help you with a second mortgage even if a bank has turned you down. Most second mortgages are based on the remaining equity in your home and most of these mortgages are funded by private lenders. Our Whitby mortgage brokers have access to private lenders in your area who understand the local market conditions and are more willing to lend.

Some questions that a mortgage broker in Whitby, Ontario will ask you:

-Is the property located in Whitby, Ontario or elsewhere?

- What is the value of your property?

- Do you have any mortgages or liens?

- What is your credit rating?

- Have you ever filed for bankruptcy or credit protection?

- Where do you work, how long have you worked there?

- Are you self-employed and what is your income?

- Do you have proof of income such as a “Notice of Assessment” from Revenue Canada?

- Are you going to live in the house or rent it out?

With this information a Whitby mortgage broker can tell you if you qualify for a mortgage and also give you a range for interest rates and any fees associated with a mortgage.  Once the borrower has agreed to the terms of the loan the Whitby mortgage broker can arrange all the paper work required for the mortgage.

Mortgage brokers in Whitby help get you the best terms!

It is recommended that every client read and understand all the terms and conditions of the mortgage so that there is no confusion at a later date. Most first and second mortgages the terms are standard but there are points that could be negotiated such as: 3 month termination penalty, NSF charges, annual lump sum payments, pre-payment options. Your mortgage broker Whitby can advise you on which terms may open to negotiations that could save you money.

We also have mortgage brokers in Brampton, Ontario and mortgage brokers in Mississauga, Ontario to assist in your local mortgage requirements.

Our highly trained mortgage brokers Whitby, Ontario can tell you within minutes if you can get a mortgage, so why not call today.