We offer a wide range of mortgage solutions for any situation, whether you are borrowing in the short-term or the long-term
Our team at Hibernian Mortgage Services Corp will help understand and make informed decisions on mortgages, debt consolidations, and everything in between. Take time to read the answers to our frequently asked questions on this page. For other queries not mentioned below, kindly reach in Whitby, Ontario. We will get back to you at once.
A Mortgage Broker is a professional trained to represent you, the borrower, in obtaining financing from a variety of lending sources. In the Province of Ontario,
Mortgage Brokers are licenced and regulated by the Financial Services Commission of Ontario (FSCO).
By using a Mortgage Broker, you will have access to numerous lenders, including Chartered Banks, Trust Companies, Credit Unions, Private Lenders and Alternative Lenders who are not accessible to the general public, but only to Mortgage Brokers.
Mortgage Brokers shop the market place to find the best Interest Rates and the best suitable Mortgage products for their clients.
Mortgage Brokers have the required knowledge to present a proposal for financing to a lender, in the best way possible to successfully obtain your mortgage.
Your time is precious, and having to shop for your own mortgage from bank to bank can not only take a significant amount of your time, but can also be very daunting given the wide variety of mortgage products in the market place. In addition, most people don't know all the right questions to ask and answers to give.
For instance, each day, Mortgage Brokers receive and see all the lowest discounted interest rates on offer from each and every Lender in the Market place, including ALL the major Canadian Banks. Do you receive the same?
When a client tries to negotiate with their own bank by themselves they are at a disadvantage, as they do not know what the best rates are, and or which mortgage products to go for.
Therefore, it's easy for their bank to hustle them into a mortgage product with a low attractive interest rate, and do so without fully explaining to them the terms and conditions of the product, which will cost them thousands of dollars extra over the life of the mortgage.
The Banks are in business to make money, and they will do so on your back and hard-earned dollars if you try to go it alone.
The lowest mortgage rates are NOT necessarily what saves you money in every mortgage product, and to know this, you need a Professional Mortgage Broker in your corner presenting your application to the correct lender firstly, for the correct mortgage product to either the Bank or some other institutional mortgage lender.
Mortgage Brokers are NOT employees of the banks or lending institutions, so therefore they are not limited to the Mortgage Products they can offer, unlike your Bank where they can only offer you their limited mortgage products with inferior terms compared to the Mortgage Products offered through your Mortgage Broker.
Choosing the wrong mortgage product can cost you thousands of extra dollars.
Because Mortgage Brokers represent you, the borrower, they have the resources and time to shop the mortgage market for the best rates and terms.
There are many reasons why Canadians refinance their homes. One reason is to pay off debt accumulated through loans and credit cards. By refinancing your Mortgage and including your credit card and loan debt or pay off income taxes or property taxes, you can reduce your overall monthly payments by hundreds of dollars each month AND that’s especially true today with today’s record low interest rates.
Another reason is to renovate your home possibly or put in a new swimming pool.
The bottom line is, you can refinance your home for any reason.
Give us a call at 905-665-3417 to discuss your options.
Yes! I have lenders that will consider your mortgage application and as long as your bankruptcy has been discharged. As long as you have sufficient equity in your home regardless of your credit history I can refinance your home.
Mortgage Brokers do not always charge a fee for their services, but if a fee is warranted, it is negotiated up front and documented. Fees are based on the complexity, strength and type of project. They are a one-time only charge, and are quoted once the details of the deal have been examined.
A Mortgage Broker is a trained professional and your investment in the professional services of a mortgage broker is generally returned very quickly, not only in time saved, but also in the quality of the financing and service received.