Mortgage,refinancy,beacon score,credit report,

One Stop Centre for

Right Home Values
&
Real Estate Peace of Mind

Phone: (647) 207-8466

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Meeting Your Mortgage Needs
(Providing you the best mortgage rates and support services)

After knowing about your finances, your next step is to get a mortgage. When dealing with me, you get a complete financial check up when applying for a mortgage. How would you benefit with this check up?

a) You find out if someone has been checking on you without your knowledge and this in fact affects your beacon score.
b) You will get an opportunity to correct any errors or outstandings in your credit report.
c) Based on the above two benefits, you are able to increase your beacon score.
d) Once you have a high beacon score you can get a good mortgage rate.

This involves doing a check of your credit report (history) to find out the contents and how they could be affecting your getting a loan approved at a lower rate of intrest. You will not believe the secrets that are revealed during this research and that will truly astound you. For example, if you have not checked your credit bureau records for a long time, you might be surprised to note who is doing a credit check on you without your knowledge, which credit company or vendor has not updated your payment records, etc., which is affecting your beacon score and that in turn affects the rate you are charged when you go for a loan, or to buy a car, or for a mortgage, etc. Having the highest beacon score, means having a Clean Bill of Wealth, which you can use to your advantage at the right time.

Now if you have come to my website because you are planning to buy, sell or rent a freehold townhome, free hold town house, semi, detached, condo townhomes, cottage, apartment, etc. or any property in real estate Ontario, having a mortgage pre-approval is the first step and the best thing you could do. The advantages of having a written mortgage pre-approval (which by the way, is free and puts you under no obligation to buy, sell or rent!! In fact, you receive a $300 gift certificate just for doing the pre-approval through me as a licensed Mortgage Agent) are as follows:

You are able to lock in the best rate and therefore would know what your monthly budget would be approximately, once you own a home. Your realtor® can assist you in this regard.
You are able to know how much amount the financial institution will loan you when you are buying (or when you are selling and then buying) and therefore can decide on how much you should pay for the home you are going to see.
You have a secret weapon in your pocket to be used when the time comes to negotiate with the seller through your realtor, the lowest price for you. Once the seller knows you have a mortgage pre-approval, most often then not, you stand at an advantage as compared to someone who does not have a mortgage pre-approval.
The last but, not the least advantage is that when the mortgage specialist is taking your information to do a credit analysis and decide on the best mortgage rate for your personal situation, something might crop up which you were not aware which could have been keeping your beacon score down. At the time of obtaining the credit report, you can come to know this information and fix it, if required. And if not required, you just get a "clean bill of wealth", to get the best possible mortgage rate. Isn't this what you actually want when you are planning to buy, sell or rent a property?

For more information on applying for a mortgage and doing a financial check up, please select here.
If you would like to monitor your mortgage to ensure that you have up to date information, select here.