When you ready to get the mortgage to buy your house or for refinancing purposes, you will want to have the necessary mortgage broker information to find the right professional to process your mortgage application. At MortgagePal, our team of professional mortgage brokers have a combined experience of more than ten years in the industry. They are knowledgeable in all types of mortgages and they can find the lowest mortgage rates for you.
MortgagePal has been ranked a Customer Service Finalist by the Canadian Mortgage Awards. This is an obvious recognition and acknowledgment of our commitment to excellence in service to our customers. Giving our customers the best service is our continuing commitment as we find the lowest possible mortgage rates.
When you visit our website, you can find all the information you need about our mortgage brokers and their credentials and accomplishments. Our website also gives you a brief but comprehensive outline of the types of mortgages available. If you want an instant rates quote, all you have to do is to complete the online inquiry form. It is easy to fill and with a click of the mouse, the lowest mortgage rates are at your fingertips.
First time home buyers may find the mortgage application process a bit daunting and complicated. However, with our experienced and knowledgeable brokers, you can be assured of a hassle free process. The mortgage broker assigned to you will first listen to you and to familiarize herself or (himself) with your individual financial situation. This will be a holistic approach as your financial situation will be analyzed based on your present situation as well as a projected estimation of your future income and earnings as well as future anticipated expenses and expenditures.
For first time home buyers, all this will be new. There may be an initial discomfort in revealing private financial information to a stranger. Be rest assured that our mortgage brokers are professionals whom you can trust with your private information. Your rights to privacy will be respected. First time home buyers may know that there is the Home Buyers Plan (HBP) that allows first time home buyers to withdraw up to $25,000 from their registered retirement savings plan (RRSP) to purchase a home for themselves. This sum can also be withdrawn for a person with disability who is related to the applicant making the withdrawal from their RRSP. With this withdrawal and other cash savings, the first time home buyer can obtain a much lower mortgage loan and hence lower repayments. However, note that any sums withdrawn from the RRSP has to be repaid within 15 years. Annual repayments into the RRSP account are required until the entire withdrawal amount is repaid in full.
Our team of mortgage brokers have handled all types of mortgages. We have negotiated attractive mortgage terms for our clients. Our mortgage rates are the lowest in Canada. When you engage us as your mortgage brokers, we provide you with free advice and consultation. Most importantly, we guarantee you the lowest mortgage rates you will ever find in Canada.