All About Real Estate, Finance & Mortgages

Years ago you had to go to the bank on the corner to apply for your mortgage. Basically beg the banker for a house. If you didn't fit the bank's criteria you didn't get approved. Sorry about your luck. NO! And there really wasn't anywhere else to go. Until now... These days there are more lenders, more banks and more mortgage options. One product we specialize in is the Non-Conforming Mortgage Loan. Specifically those mortgages for clients that have past credit issues (including bankruptcy) or are buying a unique property that doesn't fit into portfolio of the major banks or CMHC. Our Non Conforming Mortgage Loan program helps people who... Need a sub prime mortgage Have less than perfect or bad credit Have no established credit Have tarnished credit Have a previous bankruptcy Are in consumer proposal Are in credit counselling Are recent landed or non-landed immigrants to Canada Are recently self employed and can't verify their income Are foreigners investing in

The following describes mortgage options that may be available to you, individually or in combination. Low Interest Rate Mortgage Generally the best way to find the lowest rate is to shop around. But every time you go to a bank they pull your credit bureau and applying too many times can lower your beacon score. Going to a mortgage broker is the best way to find your best rate and terms. They pull your credit bureau once and will shop a wide variety of banks for you, determining the best rate and terms. A broker may also know of smaller lending institutions which offer much more competitive rates than a large bank or finance company. Adjustable Rate Mortgage With an adjustable rate mortgage (sometimes called ARM) your payments will change over time to reflect any current interest rate fluctuations. The interest’s rates are adjusted semi-annually or on an annual basis. If the rate goes down your mortgage payments will go down and if the rate goes up so do your payments. The initial adju