Mortgage Options

Everyone’s situation will differ so there are many mortgage options that need to be considered. Here are some Mortgage Options mortgages we specialize in has to offer.

  • New Home
  • Pre-approval
  • Renewal/Refinancing
  • Second Mortgages
  • Debt Consolidation
  • Mortgage Transfer
  • Equity Takeout
  • Construction Commercial
  • Interalia
    (i.e. one mortgage on two properties)

        FIXED VS. VARIABLE

        Fixed Rate

        The mortgage rate stays the same for the whole term and the payments are consistent during the term.

        Variable Rate

        The mortgage rate varies with fluctuations in the bank prime rate. As a result, mortgage payments may vary during the term of the mortgage. A minimum term commitment is often required (usually 3 years). You may have the option to “lock-in” the mortgage at a fixed rate during the term.

        OPEN VS. CLOSED

        Closed Term

        The contract is written for terms ranging from 6 months to 10 years. Penalties may be triggered if the borrower wishes to end the contract before the term expires (early repayment).

        Open Term

        The contract is written for a short term (usually 6 months or 1 year). No penalties are triggered if the borrower wishes to end the contract before the term expires.

        Contact Us

        We also work with a wide variety of bad credit lenders and private lenders that offer different programs that fit almost every situation, even if your self employed!.

        When the Bank says "NO", We say "YES".

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