The Benefits of Using a Mortgage Broker in Ontario

By : Mits Kantaria

Finding the perfect mortgage can be time-consuming and at times overwhelming. Shopping for a mortgage is the less fun side of buying a home, but working with a mortgage broker in Ontario can change things.

Consider the ways that people traditionally shop for mortgages, either commercial or residential:

  • You could seek a mainstream lender where the rates are highest and the application process tedious and cumbersome.
  • You could shop the mortgage market alone, engaging with different lenders to find the best offer.
  • Finally, you could work with a licensed mortgage broker in Ontario, who will find the best mortgage, leveraging a network of highly trusted lenders.

Naturally, you should choose the option that best suits your needs. That option is working with a mortgage broker in Ontario. Throughout this article, we’ll explain why.

Working With a Mortgage Broker in Ontario Makes Sense

Whether you’re in Oakville, Toronto, Mississauga, or anywhere else in the province, working with a mortgage broker in Ontario simply makes sense.

With a specialized financial professional you can eliminate a lot of the uncertainty and the time it takes to secure a mortgage. You’ll enjoy better rates for significant savings over time with a mortgage broker in Mississauga and nearby areas.

With a mortgage broker in Toronto, you’ll enjoy a more streamlined application process with more opportunities to be approved for a home loan.

Let’s explore the advantages in detail and see why choosing a mortgage broker in Toronto is the best option.

More Access to Better Lenders with a Mortgage Broker in Toronto

There’s always some risk and limitation when approaching just a single mortgage lender. If you’re doing everything on your own, there’s a chance of putting all the paperwork through, with the potential cost of hours of your time, only to be declined at the end of the process. This can be frustrating and demoralizing. Even worse, it slows down your plans.

Finding the right lender isn’t easy. On your own, you might only have time to explore a few different local lenders and at least one of these is going to be a major bank. There’s a risk of some lenders outright rejecting your application, especially if you have less than ideal credit or a modest income.

A mortgage broker in Toronto does all the legwork for you. You can submit your documentation directly to the mortgage broker in Toronto who will build your profile and start engaging with the market. The best mortgage broker in Toronto will maintain strong relationships with lenders as well as other professionals like accountants and lawyers. This network is leveraged to find the right mortgage with a competitive rate, perfectly suited to your unique needs.

Better Rates with a Mortgage Broker in Oakville

Convenience is important. It eliminates stress from the mortgage application process. There’s also another way that a mortgage broker in Oakville can help, by finding you the best possible mortgage rates.

There’s always risk involved for a lender when offering a mortgage. Their calculation of this risk is largely what determines the rate offered. Lenders often prefer to work with a mortgage broker in Oakville and throughout Ontario because brokers are experts in assessing risk, helping clients with affordability, and submitting detailed applications. Lenders often offer a more favorable rate through a mortgage broker in Oakville.

Working with a mortgage broker in Oakville can also increase the likelihood of approval if you have an imperfect credit history.

A mortgage broker in Oakville is an advocate for your needs and will work diligently to find you a mortgage that has a favorable rate and a term that you’re comfortable with. If you want to save money throughout a mortgage, a broker will be invaluable.

A Complete Advisory Service with a Mortgage Broker in Mississauga

It’s not just the time and money savings that you’ll gain when choosing a mortgage broker in Mississauga. You’ll have the benefit of a working partner that helps you to find the right loan.

Your time is valuable. Your knowledge of the mortgage market is limited. A mortgage broker in Mississauga can provide professional financial advice and connect you with a vast network of legal, real estate, and specialized financial experts.

A good mortgage broker in Mississauga will never push you into a mortgage that you aren’t comfortable with. You always have the final say on the offer that works for you.

Talk to the Best Mortgage Broker in Ontario

Whether you need a mortgage broker in Toronto, a mortgage broker in Mississauga, or any of the areas around southwestern Ontario, Mortgage Capital Investment is here to help.

We work to find the right mortgage for your needs. You’ll never feel pressured and will always get the support you need with sound financial advice from the most experienced mortgage broker in Ontario.

Lowest Residential Mortgage Rates in Canada*

Term OUR RATE Bank Rate
3 Year Fixed/ 25 yrs 1.69 2.250%
3 Year Variable/ 25 yrs 0.99% Promo 1.86%
5 Year Fixed/ 25 yrs 2.09% 2.34%
5 Year Variable/ 25 yrs 1.10% Promo 1.65%
5 Year Fixed/ 30 yrs 2.29% Promo 2.34%
5 Year Variable/30y 1.45 1.85

Updated: NOV 29 , 2021

* Current promotion rates may provide an additional 0.05% discount. Rates may vary between geographic regions and the posted rates on this website may not be available in your area. Please contact our MCI office for more details and current promotions.

LOWEST REGULAR RATES IN CANADA*   * Current promotion rates may provide an additional 0.10% discount. Rates may vary between geographic regions and the posted rates on this website may not be available in your area. Please contact our MCI office for more details and current promotions.

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