If you are buying a home or refinancing your present home, mortgage broker in Windsor could help you get a second mortgage. A Windsor mortgage broker has knowledge of the local property market, access to real estate agents, lawyers, etc. Our brokers act on your behalf to make the loan process as smooth as possible with as little stress. As a new client you will be asked a series of questions to determine what type of second mortgage fits your needs.The goal is to let you know within a matter of minutes if you do qualify and when you can have your mortgage money.
Some basic questions that a mortgage broker in Windsor will ask you:
– What is the value of your property?
– Do you have any mortgages or liens on the property and if so how much?
– Do you have an idea of your credit rating?
– Have you ever filed for bankruptcy or credit protection?
With this basic information a Windsor mortgage broker can tell you if you qualify for a mortgage and also give you a range for interest rates any any possible fees associated with obtaining a mortgage. Once the borrower has agreed to the initial terms of the loan the Windsor mortgage broker can arrange all the paper work required to complete the loan.
It is highly recommended that the borrower read and understand all the terms and conditions of the mortgage so that there is no confusion at a later date. For most first and second mortgages the terms are fairly standard but there are some key points that could be negotiated such as: 3 month termination penalty, NSF charges, annual lump sum payments, pre-payment options. Your Windsor mortgage broker can advise you on which terms may open to change.
City of Windsor information.
Remember our mortgage brokers Windsor will provide you with a free consultation that could save you time and money on your second mortgage, so why not call today.