Comparing Mortgage Deals
The wide variety of mortgage options available to Canadian property buyers has never been so vast. There is a mortgage package out there to suit just about any buyer regardless of his or her situation, budget or needs. However, too many options can sometimes make selecting the right mortgage more difficult. Home buyers need to consider what works for them in both the long and short-term. When comparing mortgage deals keep the following in mind:
- Low rates (meaning lower monthly payments)
- Payment Options
- Payout penalties
- Flexibility (Variable rate to fixed rate lock-in options, lump sum payments, etc.)
- Mortgage Life Insurance
- Loan to value ratio and insurance fees
- Cash back options
Getting the best deal on your mortgage will definitely require research and rate comparisons for the variety of mortgages offered by the large number of lenders in Canada. Our professional mortgage brokers are trained to be objective and unbiased. They will find the best possible deal that suits your needs, regardless of which lender is providing the financing. Use our simple and convenient online application and we will get started on comparing mortgage deals and finding the best mortgage product for you.
The majority of Canadians shop around when purchasing new vehicles or even electronics. Your mortgage should be no different. Avoid rushing into a hasty decision when selecting a mortgage lender. A mortgage is a big commitment. The wrong decision can be costly. Take the time and compare so you get the best possible mortgage for you.