Brampton Mortgage Broker – Rumy Gill

Commercial & Residential Mortgages. “Ready To Fund!”

Brampton Mortgage Broker - Rumy Gill

Realtors in Brampton

Rumy Gill - Mortgage Broker

Quick Facts About Brampton

Average Home Prices in Brampton

Mortgage Average Price
Detached home in Brampton $830,000
Detached home in Brampton $660,000
Town home in Brampton $625,000
Condo in Brampton $480,000
Apartment home in Brampton $390,000

Average Cost of Rent in Brampton

Mortgage Price
One Bedroom Rent $1,728 month and up
Two Bedroom Rent $1,800 a month and up
Three Bedroom Rent $2,400 a month and up
Four Bedroom Rent $2, 900 a month and up
*Important Note: These figures are subject to change with the Real Estate Market

Why Realtors in Brampton Work with Us

With rents at an all-time high and still increasing, purchasing a home is a smart financial move to make. We are experts in financing and know to get the financing arranged. We know first-hand how importance of securing financing is in the process of buying a home. That’s why you need us on your side to help get the financing done.
We have and continue to work with Realtors in Brampton (Real Estate Agents) from various Real Estate Brokerages in Brampton including; Re/Max, Century 21, Homelife, Royal Canadian Realty, Royal Star Realty, Royal Lepage and many more. From start to finish we make the mortgage process easy for Realtors in Brampton and their clients.

We Work with The Best Mortgage Lenders

We work with the Best Mortgage Lenders in the business including ;

Mortgage Solutions Different Situations

We have financing solutions for many types of situations, so that means we are able to even get some of the toughest purchases approved for our Realtors in Brampton and their clients. We have experience in dealing with Mortgage Solutions for;
And various other Mortgage Solutions, if you have any other type of situation not listed above, then make sure to get in touch with us. We are able to find a customizable Mortgage Solution for your situation.

Looking for a Mortgage Approval in Brampton?

Speak to a Brampton Mortgage Broker about the most affordable option given your credit score income and property

Real Estate Purchases

We are able to help clients with all types of Real Estate Purchases in Brampton including
Are just to list a few, if you have any other Real Estate Purchase not listed above, then make sure to get in touch with us to discuss special financing option we have available.

Mortgage Refinance Payments Can Save you Money and Free Up Cash Flow!

Consolidate Debt! Pay off High-Interest Debt! Increase your Credit Score Rating!
The example shows how we were able to help a Client in Brampton with a Mortgage Refinance to Pay off a Second Mortgage and Credit Card Debts saving Our Client $1,265/month
Before
First Mortgage Amount: $200,000
Mortgage Interest Rate: 4.99%
Mortgage Payment: $1,165 monthly
Second Mortgage Amount 150,000
Second Mortgage Interest: 12%
Second Mortgage Payment: 1,500
Credit Card Debts: $50,000 ($450 Monthly)
Total Debt $400,000
Total Monthly Payments $3,165
Monthly Savings $0 (Client further in Debt)
Before
First Mortgage Amount: $200,000
Mortgage Interest Rate: 4.99%
Mortgage Payment: $1,165 monthly
Second Mortgage Amount 150,000
Second Mortgage Interest: 12%
Second Mortgage Payment: 1,500
Credit Card Debts: $50,000 ($450 Monthly)
Total Debt $400,000
Total Monthly Payments $3,165
Monthly Savings $0 (Client further in Debt)

Second Mortgage Brampton Videos

Here is video of Brampton Mortgage Broker Helping a client with a $300k Second Mortgage in Brampton for an Equity Take Out for the purpose of being able to purchase a off market property that was renovated and rented out.
Here is video of Brampton Mortgage Broker Helping a client with a Second Mortgage Brampton Refinance for $200k. Brampton Mortgage Broker Rumy Gill was able to help a client Refinance their Second Mortgage with another Lender to get more money for the client and a better interest rate.
Here is a video of a Brampton Second Mortgage for $100k, where Brampton Mortgage Broker Rumy Gill helped a client with Bad Credit, Consolidate $100k of their Debt and Save thousands of dollars in the process.

Brampton Neighbourhoods We Serve

We Work with All Income and Credit Situations! Approvals on Home Equity are Available.
Here are the Benefits of Working with Rumy Gill a Brampton Mortgage Broker for your Second Mortgage;

Frequently Asked Questions

A Second Mortgage is a loan secured by your home where you leverage your home equity to get cash for your needs. Home Equity is the difference between the value of a home and what is still owed on the mortgage. For example, if the market value of your home is $300,000 and you owe $200,000 on the mortgage, you have $100,000 in home equity. Second Mortgages typically have a fixed interest rate, fixed monthly payment and fixed term.
A Second charge Mortgage allows you to use any equity you have in your home as security against another loan. It means you will have two mortgages on your home. Equity is the percentage of your property owned outright by you, which is the value of the home minus any mortgage owed on it.
For people struggling with Consumer Debt, taking out a Second Mortgage to pay off Credit Cards can mean lower payments at a lesser interest rate. Resulting in huge savings each month. These savings can be applied to pay down your first mortgage in lump sum payments or in extra monthly payments (which can be applied directly to the principal amount, as long as your current mortgage allows for it) and other debts so you can become debt free faster.
From Start to Finish, getting a Second Mortgage can take as little as a few days to few weeks. Typically it can take anywhere from a few hours to a few days to get Approved for a Second Mortgage. To recieve Cash (funds) an take anywhere from a few days if everything is in order and ready to close, or it can take up to a few weeks, if you just starting to get everything in places like ordering an appriasal and gathering documents. In order to qualify for a Second Mortgage, most lenders will require your loan-to-value ratio be 85 percent or lower. So long as you reach that goal, it doesn't matter whether you've owned your home for five years or five minutes.
You can get a Second Mortgage even with bad credit as long as you have a loan-to-value ratio be 85 percent or lower. This is because you're using your home to guarantee the loan. Lenders like having property as collateral as it security if you were to default on the Second Mortgage but do not like to be in situations where the borrow is in default with payments. To eliminate any doubt in the lenders mind and get Approved, you will need to show some type of proof that you can support the payments and be able to repay back the Second Mortgage amount you are looking to borrow at the end of the term.