Top 5 Great ways to save thousands of dollars

Top 5 Great ways to save thousands of dollars and increase your cash flow with the help of mortgage broker

Hire the right mortgage broker to make the right financial decision.The mortgage market is vast and can be extremely confusing, challenging and difficult to understand. Choosing the right mortgage in a sea of mortgage plans can be overwhelming and exhausting. That is why hiring a professional and fully qualified mortgage broker is essential. A qualified broker will be able to offer valuable and quality advice regarding a variety of mortgage plans. Whether you are looking for a private mortgage plan to help you buy your new home or refinance your current home or are looking to renovate or even just consolidate debt so you can better manage your finances; you can rely on our broker to help. 

Our mortgage broker will play the role of a mediator between the borrower and the lender. We will help you find a lender who will provide you a mortgage plan that caters to your financial needs at a low interest rate and affordable monthly payments. 

Our mortgage broker will always have your best interest in mind, and work towards getting you the best deal possible and help you save money in the long run. For more details, get in touch with our team now.

Get access to the best lenders in the market

Our professional mortgage broker has many years of experience in this line of business. We are familiar and work closely with the best lenders in the market. Our team is well versed about the market, the interest rates and more. When you hire us as your mortgage broker, you can rest assured that you are hiring the best. 

We will help you find the right lender to suit your financial needs. Our team will thoroughly read all the clauses mentioned in the lenders agreement and help you identify any hidden clauses that they may have. We will explain the plan in detail and help you make a wise and informed decision. Get in touch with us now to book an appointment with our trusted mortgage broker.

Reducing your financial burden

Our team understands that each of our customers have dreams and desires to achieve their financial goal, and we work hard to turn your dreams into reality. Whether it is owning a home, paying off debts, or getting your finances in order and unlocking savings, we have got you covered. Our experts offer a range of mortgage solutions at affordable and great prices. You can rely on us to offer second mortgages, mortgage refinancing, debt consolidation and much more. We also specialize in offering mortgages for individuals with bad credit score. All you have to do is discuss your needs with us and we will do the rest. For more information, please speak to our professional brokers today. 

Self-employed mortgages

More often than not self-employed individuals find it difficult to secure mortgages due to various reasons such as no steady income, low credit score, etc. Our professional mortgage broker is specialized in offering self-employed mortgage solutions. No matter what your financial need is, we have got a mortgage plan for you. Call our experts now.

Mortgage refinancing

Refinancing a mortgage refers to paying off your current loans and replacing it with a new one. You can rely on us to help you with mortgage refinancing solutions. Mortgage refinancing will help you obtain a new loan at a lower interest rate and will also help you shorten the term of your mortgage. 

We offer a wide range of mortgage refinancing solutions, our services will help you reduce your monthly payments, lower your interest rate, and even change mortgage plan from an adjustable to a fixed-rate mortgage. For more information, call our experts now. We will be happy to help you.

Debt consolidation

Having multiple debts and mortgage plans can be extremely stressful and difficult to manage. Our team offers debt consolidation solutions. A debt consolidation helps you combine all your debts into one. This helps you concentrate on just one loan as opposed to juggling between multiple loans. 

A debt consolidation can help you consolidate all your finances, including credit card payments, car loan payments and much more. It will help you keep a track of your loan and plan your finances accordingly. It can also help you save money by avoiding paying steep interest rates which result in high monthly payments.

Our debt consolidation will help you manage your finances easily. In addition to debt consolidation, we also offer rental property mortgage, bad credit mortgage, home equity line of credit, commercial and private mortgage plans. We will assist you every step of the way. Speak to us now to know more about our services. 

If you are looking for a professional mortgage broker to offer valuable advice regarding mortgage plans or need guidance to choose the right plan, please get in touch with our mortgage broker today. 

Why you should use a mortgage broker to get a private mortgage

Why you should use a mortgage broker to get a private mortgage when you have bad credit?

A private mortgage can be a great option if you have been denied a mortgage due to your bad credit, it is always best to hire a mortgage broker to know what your options are. A mortgage broker will have all the necessary knowledge and experience to help you source the best mortgage plan even with your bad credit score and history. 

The mortgage market can be challenging and difficult to understand, more often than not, most lenders are hesitant to offer mortgage plans to individuals with bad credit score and history. As mortgage brokers, we are able to find clients mortgage solutions to their bad credit from the best private mortgage lenders in the market. Our team specializes in offering private mortgage solutions to individuals with bad credit score. We understand the impact and complication a denial of a mortgage can put your dreams. That is why our expert mortgage brokers work with you to provide you the best mortgage options for your bad credit situation. For more information about our services or to book an appointment to meet our mortgage brokers, please call us now.

Helping you with all your mortgage requirements

We have years of experience in this line of business and understand that it can be extremely difficult and challenging to find a lender to provide a mortgage plan under such circumstances. Our mortgage brokers are professional and fully qualified; we always aim to make it easier for individuals to find mortgage plans regardless of their credit score. All our services are made help our wide range of clients all while having an enjoyable and stress-free experience. Get in touch with us now for more details. 

Professional mortgage brokers

Our qualified and professional brokers specialize in non-conforming lending policies. We are renowned for helping borrowers with bad scores. Whether you need a mortgage plan to repair your home, renovate it or consolidate debt, we have got you covered. All you have to do is discuss your requirements with us and we will do the rest. Over the years we have helped hundreds of individuals fulfill their dreams by sourcing the perfect mortgage plans. Contact us now, we will be happy to help. 

Bad credit mortgage broker

If you have bad credit and have applied to get a mortgage, you have most likely have suffered the humiliation of rejection. It is no secret a bad credit score can make it extremely difficult and next to impossible to find and source a good mortgage plan. Even though there may be lenders who offer mortgage plans with bad credit score they are likely to charge a heavy interest rate. Not to worry, our team of professional brokers understands the challenges you face while trying to get a mortgage with bad credit and, we are here to help you with all aspects of your mortgage plan and find you a suitable private mortgage that works for you. 

In addition to helping find the perfect mortgage plan, we will also advice you on how you can get your financial situation back on track. Speak to a member of our team of mortgage brokers today. 

Simplifying mortgage plans for you

The choices that the mortgage market offers can be downright overwhelming and even confusing, but not to worry , when you work with us our bad credit mortgage brokers make things easier for you. We can help you even if you have experienced financial difficulties in the past or are currently experiencing financial difficulties, we will work to find the right mortgage plan for you. Over the years we have developed trusted relationship with a number of mortgage lenders who specialize in mortgage plans for clients with bad credit. We strive to offer a mortgage product tailored to meet your requirements and needs.

You can also rely on us to help you with finding and sort of the correct documentation you require to get your financing process started. We also offer ongoing customer support throughout the mortgage process, so you can feel assured your questions any concerns you have are addressed right away. Our relationship is not limited to the purchase of a mortgage plan, we will guide you on any mortgage related issues that you may have in the future. We can also provide you advice on how you can improve your credit score. In addition to this, we also offer mortgage refinancing, debt consolidation and much more.

How can one improve their bad credit score?

  • Avoid applying for new credit
  • Pay off your debts in full
  • Spend your income wisely
  • Review your accounts weekly and monthly basis
  • Use your credit wisely, by only using what you can pay back
  • Be patient and make your payments on time without fail

Fulfill your dreams

All of us dream of having our own home a space that we can call ours and share it with our family and dear ones. Unfortunately a bad credit score can ruin our dreams. That is why it is important to take proper care of your credit score and history and repair it so you can avoid any kind of financing disappointments.

But nonetheless, we understand not everyone is perfect and your credit score needs time to heal and repair. That is why we are able to offer quality and reliable private mortgage solutions for individuals with bad credit scores and history, so we can help in that process. We work closely with a number of mortgage lenders and can help you find an ideal mortgage plan even if you have a bad credit score.

Over the years our team has created a fantastic reputation for providing only quality services at all times. For more information, please get in touch with our professional mortgage brokers now. We will be happy to help you with all your requirements including bad credit and private mortgage needs.

Are you looking for a private mortgage to finance your home repairs, renovations or even consolidate debt? Look no further and get in touch with our knowledgeable and professional mortgage brokers now.

What are the requirements for a private mortgage?

Many Canadians have found it difficult to obtain a mortgage through a bank or other traditional mortgage lender. Whether due to high credit card debt, negative items reported on their credit report, a consumer proposal, self-employment income, or another reason that has led to a mortgage decline it no wonder why many Canadians are seeking a different path to home financing. 

Private mortgages are often the best choice for those who need alternative financing for their home purchase or refinance. 

what is a private mortgage lender? 

A private mortgage lender is an individual, group of individual investors, or mortgage investment corporation that offers loans to purchase or refinance a house, even if you do not meet the strict qualification guidelines of banks or traditional mortgage lenders. Although private mortgages have a higher interest rate, they also offer a great opportunity for homeowners who do not qualify for a loan through traditional means or for current homeowners who need to refinance their home to cover the cost of renovations or other expenses.

Documentation requirements

Private mortgage lenders will look at your financial situation differently than traditional mortgage lenders. For instance, the first consideration may be whether you have a down payment to purchase the home. Typically, you will need documentation that you have at least 20% of the value of the home available at the minimum as a down payment before being considered for a private mortgage. 

Private mortgage lenders will also consider your credit report, but they each use different criteria to determine your eligibility. For instance, most will look carefully at your pay stubs and monthly expenses to determine if you can afford the home you seek to purchase without defaulting on the loan. However, some private lenders will pay closer attention to other factors, such as income tax returns, and the type and value of the property you would like to purchase, and an exist strategy. The lender will require documentation that your financial status meets its unique criteria when evaluating whether to finance a home for you. 

Unlike traditional mortgages, there is little regulation on private mortgages. The terms of a private mortgage agreement are different for every lender, and some of those terms may have unexpected obligations and may cost you much more than expected. Private mortgage lenders are aware that most people who use their services have some kind of financial difficulty, so there it is important to partner with a reputable mortgage broker to help you find the right private lender. 

If you are interested in exploring options for a private mortgage, you will need a mortgage broker who is knowledge about which private lenders are reputable in order to protect your assets. Contact me today!


Is it better to get a mortgage at the bank or with a Brampton Mortgage broker?

It’s time to buy a home and you are completely lost when it comes to choosing the appropriate financing options for your upcoming mortgage. When it comes to finding the right mortgage, simply going to your bank is an easy option – but it may not be the best. 

Utilizing a mortgage broker in Brampton may be more feasible for your new homes mortgage. 

How Does a Mortgage Bank Work?

Mortgage financing banks have loan officers, underwriters and a whole slew of other team members working for them. They usually offer a set of loan types to specific customers based on qualifying factors and they complete your entire loan through their bank. This sounds great, right? For most, it is! 

There are many Pros to using a mortgaging financial institution like quick approval, quick processing and closing (usually within 30 days), and a more personable experience. If you are in the market for that sort of thing, a bank loan may be the best option for you. 

Although, there are some downsides to securing a bank loan. With economical shifts and downtrends, it is becoming more and more difficult for the average “Joe” to secure a good-rate mortgage loan. Credit scores, work history, bank statements, spending reports, criminal history, and so much more can actually keep a more-than-deserving citizen from securing a home loan. 

How Does a Mortgage Broker work?

Mortgage brokers have a lot more freedom and flexibility than your typical bank loan officer. They don’t work for any specific bank. This means they can assist you with the shop-around process to find the best possible loan for your situation. 

There are a vast number of pros to using a mortgage broker like taking advantage of the flexibility they offer with a multitude of different loan packages. Many banks offer just a set few to specific customers. Because a mortgage broker doesn’t work for any specific bank, they get to shop around wholesale mortgage financiers for the best possible deal. You simply can’t go wrong with more options. 

Mortgage brokers in Brampton also do the negotiating for you. Whereas you may not know what to negotiate or when to negotiate, they know their market like the back of their hand and you can rest assured they are getting you the most bang for your buck. 

If you want to get the best deal you can on a mortgage, then working with a mortgage broker in Brampton is almost always your best bet. Contact me today to set up an appointment. 

How to Consolidate Debt with Poor Credit?

We hear the words “consolidated debt” all the time in commercials, radio advertisements, and even in digital marketing ads. There are so many people living with massive mountains of debt to their name and with interest rates growing exponentially each year, it can become difficult to even manage your debt. So before you decide to refinance your home, purchase a rental or investment property, purchase a vehicle, or other large purchase, it is always good practice to check your credit and maintain it. 

Things can show up from years ago that you thought were settled and taken care of. Been divorced? Your ex-spouse may have filed bankruptcy and those creditors don’t care who shows responsibility for the debt in the divorce decree. It is now your debt and your burden to bear. 

Consolidating your debt is a great way to increase your credit score quickly. This is because it shows many past accounts paid in full and just one (usually revolving) credit account on your credit. This is appealing to most lenders when it comes to getting a mortgage. 

So what if you already own a home? We have some great ways to consolidate your debt by leveraging your home and your home equity. 

Take Out a Second Mortgage

 A second mortgage is when you leverage the current equity you have in your home. In other words, if your home is $500,000 and you have already paid $300,000, you have roughly what you paid in equity. Don’t forget to take into consideration the market fluctuations and value in your neighborhood. This will affect how much equity you have as well as the starting interest rate you agreed upon in your first mortgage. 

People typically will take out a second mortgage to pay off other larger debt, purchase something really big (maybe an investment property), or make renovations on their current home. The bank is essentially giving you a second loan on the equity you have in your home and charging you interest on that as well as leveraging your home as collateral. Be sure to decide carefully with this choice because your home could be at risk if you are not responsible enough to pay the second mortgage. 

Home Equity Lines of Credit (HELOCs)

A HELOC is very similar to a home equity loan and a second mortgage in that it’s directly based on the equity you have in your home. The biggest difference is that a home equity loan gives you the entire loan in a lump sum so the interest rate is usually a fixed rate, whereas, a HELOC is a line of credit on the equity you have in your home. This means that it isn’t given to you in a lump sum rather it is taken out as you need it and the interest rate is directly impacted by the amount of debt you hold on the line of credit. 

HELOCs are a safer way to leverage your home equity for debts or renovations to your home. They can also be utilized for adding additions to your home or repairs to your home from emergencies like flooding or smoke damage.

Many people get HELOCs to pay for renovations and additions to their home, student loans, credit card debt consolidation, medical bills, and financial emergencies. Overall, a HELOC is a great way for current homeowners to consolidate their debt. 

Refinancing Your Home

Another option you have to consolidate your debt is refinancing your home. You may be asking yourself how this would even be possible. Typically people refinance their home just to save on the interest rate. What they don’t know, is there is more to the story than that. 

When you refinance your home, you use the equity you already have in your home and the difference of the lower interest rate to pay off other non-mortgage debt. Then you pay your lower mortgage rate. 

Be sure to account for closing costs on the refinance loan, and budget it into the mortgage so you don’t have any out pocket cost on closing. 

Let’s get started now! Contact Brampton Mortgage Broker today!

If you would like to learn more about how you can save money and get out of debt with a consolidation loan, contact me today for a meeting. 

How to Refinance Your Mortgage with Bad Credit?

Did you know carrying too much debt can lead to a poor credit score rating? Yes, it is true. If you are carrying too much debt your credit score will be impacted greatly. Especially, if you maintain high balances on your outstanding debts. Having your debt utilization close to 100 percent or over of the limit you have on your outstanding debt will result in a low credit rating. 

So if you are drowning in debt, then consolidating your debt with a mortgage refinancing will help increase your credit score rating and provide overall savings in your monthly payments. But a common question as by clients is; how can you refinance your mortgage if you have bad credit? The simple answer is that it can be done, but there are a few things you need to understand first. 

What is a mortgage refinance?

Refinancing your mortgage simply means breaking your first mortgage and then getting a new one. When a mortgage refinance is done for the purpose of debt consolidation, the new mortgage will be for the amount still owing on your home, plus the amount of debt that you are paying off with your mortgage. Technically, your total debt does not go down when you consolidate with a mortgage refinance but the amount of interest you have to pay does, which results in lower monthly payments and monthly savings. This will help you to be able to pay off your debt more quickly, which in turn will help to repair your credit. 

How much debt can I consolidate with a mortgage refinance?

That depends on how much equity you have in your home. Your home equity is the value of your home minus how much you owe on it. Most lenders will allow you to use up to 80% of your homes appraised value when you refinance. That means if your home is worth $500,000 and you still owe $200,000, you will be able to pay off up to $160,000 with a mortgage refinance.  However it 80% is not enough to help with your refinance amount then we have access to special lenders who are able to go up to 85% and even 90% of your homes appraised value. Even if that doesn’t work for you then we can look at a customizable refinance plan for you to help with consolidating your debt.

Are there any drawbacks to this? 

Before you decide to pay off debt with a mortgage refinance, it is important to understand that you are guaranteeing the loan with the equity in your home. That means, if you become unable to make the payments, you risk losing your house and putting yourself in further financial stress. 

If however, you can commit to making regular payments (and not taking on new debt), not only will you get out of debt faster, but you’ll be repairing your credit at the same time. There is risk – but only you can always discuss with us to understand if it is worth the risk. 

How can I refinance my mortgage if I have bad credit?

The truth is that with a traditional lender like a bank or a credit union, you may not be able to. But as a Mortgage Broker in Brampton, I have access to many reputable alternative lenders that specialize in helping those with bad credit. 

If you are ready to take control of your credit, getting a mortgage refinance may be the way to do that. Call me today to set up an appointment. 

How Home equity line of credit works in Brampton?

A home equity line of credit, which is also referred to as a HELOC is a kind of mortgage that uses an individual home as collateral and allows them to borrow the equity in there in a form of a line of credit.

A home equity line of credit works similar to revolving loans such as a personal line of credit or a credit card but instead without the high-interest rates that are charged with credit cards and personal lines of credit, a home equity line of credit offers you a much lower interest rate.

Unlike other loans that offer a one-time lump sum amount immediately, a HELOC allows you to borrow in a way you see fit. That means you want in or as little as you want in one or many transactions. It can be done in one day or over a course of a few months to even a few years. Because you are using your home’s equity as collateral for borrowing money, you are able to get access money in a fast and easy process. There is no need to re-apply over again, simply borrow what you need and pay it back and then borrow again and repeat. It’s really that simple.

Financial solutions

Our team understands that your home is one of your most prized possessions and a valuable asset, and to your benefit, your home can be used to get a home equity line of credit. This amount can be used to fund your child’s education, undertake renovations to your existing home or office, pay medical bills and much more. All you have to do is discuss your needs with us and our team will provide you a suitable solution. 

Lower interest rates 

An important benefit of choosing a home equity line of credit is that the interest rates are lower than other types of loans such as private mortgages or second mortgages. Since the amount of the HELOC is provided to you over a period of time, you can repay the amount in a time frame that is suitable for you.


Uses of a home equity line of credit

  • Your home equity line of credit can be used for an array for purposes including renovating your existing home, undertaking repairs, painting and much more.
  • If you have an unexpected medical bill, this can help you pay for hospitalization, aftercare and more. 
  • If you have lost your job and need to provide for your family HELOC can be the perfect solution.
  • This amount can be used to fund your child’s higher education.

Are you looking for a home equity line of credit? Get in touch with us now. 

Our team of experts offers home equity line of credit on a regular basis to homeowners and we can help you get to access your home’s equity with a simple approval process. All you need to do is get in touch with us now, we serve homeowners across Brampton.


How to get a second mortgage with bad credit?

A second mortgage is a perfect alternative to mortgage refinancing or taking out an unsecured loan for when you need money when you have bad credit. We all know that it is no secret that having a bad credit score can make it challenging to find lenders that will work with you and offer you a refinance including your bank, however this when a second mortgage can be a great option help you out.
If you have an existing mortgage and want to get rid of the high interest debt or outstanding debts you have, then you may be able to refinance those debts outside your mortgage into a second mortgage with low affordable monthly payments without worrying about your credit check or income verification. To get more information on your particular financial situation and how a second mortgage can help you then you need to talk to our experts and get in touch with us now.

What is bad credit history?

A bad credit history means that an individual has a record of having poor or lack of financial responsibility. Issues such as; a bankruptcy, collections, late payments or not being able to make payments on time towards your debts, can all lead to a low credit score. It is essential that you obtain a copy of your credit report and repair your credit file by requesting to make corrections in your report, such as if you have noticed any mistakes then you should make sure that they are corrected immediately. However, it is important to make sure you if you have any outstanding debts or collections that they are all brought up to date and paid in full. This will help bring your credit score up over time as long as you continue to make regular payments to creditors on all your other outstanding debts. Our team understands that it can be daunting and challenging process to understand how credit works and we are here help. Not to worry you can rely on our team to help you get a second mortgage with low affordable monthly payments even if you have a bad credit score.

Professional and reliable mortgage experts

Having a bad credit score can make your search for a mortgage difficult. But it doesn’t have to be, you can rely on us to help you with finding a second mortgage option that will work with your credit rating and financial situation. Our team has many years of experience in helping individuals find a second mortgage for with bad credit at great rates and affordable monthly payments.

Here are a few factors that will help you with getting a second mortgage:

Have at least 20 percent or more of equity in your home
Provide an on-time bill payment history
Provide proof of stable employment and income history

Home equity loan with bad credit

If you’re a homeowner with equity in your property, there are chances that you can still be eligible for a second mortgage. Contact our mortgage experts today and we will help you with all your requirements.

For more information about how you can get a second mortgage with a bad Credit score in Brampton, call us to know more

 When you should opt for a home equity line of credit?

With so many mortgage products that allow you to borrow equity from your home that it can be hard to know which option is right for you. Ultimately, the best thing to do is to sit down with your mortgage broker, since they can bring up questions you hadn’t thought about. But having some kind of knowledge about which products do what, can give you a good idea of what is best for you when it comes to borrowing equity from your home.

In this article, I will discuss home equity lines of credit (HELOCs) and when they might be the best choice for you. 

What is a HELOC? 

A home equity line of credit, also known as a HELOC is a revolving line of credit. It works in a similar way to a credit card where you get a borrowing limit that you cannot exceed and you only pay interest on the amount that you have borrowed at any given time. The main difference however, is that your HELOC is tied to the equity in your home. This means you’ll have a lower interest rate than a credit card, but it also means you risk having your home go into foreclosure if you can’t make the payments. 

When should you opt for a HELOC? 

There are many scenarios in which a HELOC can be your best course of action. These include:

  • When you want to consolidate your higher-interest debt. Using a HELOC to consolidate your high interest debt can help you pay off your debt faster and improve your credit score. 
  • When you want to pay for a home renovation. Home renovations can be expensive, and are even more expensive if you have to use a high-interest credit card. A HELOC allows you to borrow from your home equity, while you increase the overall value of your home with a home renovation. 
  • You want to invest in a business – More and more Canadians are becoming entrepreneurs, but oftentimes, banks won’t want to take the risk of lending you your start-up capital. If you are starting a business, one way to get the capital you need is with a home equity line of credit. 
  • You need to pay for emergencies – HELOCs can also help you pay for emergencies, such as a vehicle repair or unexpected medical cost. It can give you peace of mind knowing that you have a HELOC to borrow from in the event of an emergency. 

Do you think a home equity line of credit might be the right choice for you? If so, give me a call and we can discuss it further!


 Why you should get a debt consolidation mortgage?

If you are looking for a way to get out of debt, you may have heard of something called a debt consolidation mortgage. But exactly is a debt consolidation mortgage? Well it is simply a mortgage (usually a second mortgage or a refinanced mortgage) that uses your home equity to pay off your debt. Most lenders will allow you to borrow up to 80% of your home equity in order to do this, but there are a few who allow even a higher amount even up to 85% or even 90%.


Now you may be wondering, what is the point of this is. After all, don’t you still have the same amount of debt once you have consolidated it? The answer is, yes you do. But there are many good reasons to consider a debt consolidation mortgage if you are struggling with debt, let’s go over 4 great reasons why. 


  • You lower your interest payments.


Credit cards, payday loans, and even personal lines of credit can have fairly high-interest rates. When you pay them off with a debt consolidation mortgage, you almost always end up with a much lower interest rate. Not only does this help you to pay off your debt more quickly, but it might also even lower your monthly payments leaving you with more money at the end of each month!


  • One convenient payment.


If you have multiple credit card or debt payments, it can feel overwhelming and it can be easy to forget a payment. This hurts your credit score. With a debt consolidation mortgage, you only have to remember one lender and stay consistent with that monthly payment. 


  • Improve your credit score.


Having too much debt is not good for your credit score. By consolidating your debt and lowering your interest that you pay on that debt, you will be able to pay off your debt sooner and begin repairing your credit score. 


  • Lower your stress.


No question about it – debt is stressful! Perhaps you have racked up a lot of debt and don’t see how you will ever be able to pay it off. Getting a debt consolidation mortgage can help you pay off that debt years sooner. 

If you would like to learn more about debt consolidation mortgages and how one might be able to help you in your situation, contact me today for an appointment.