GMR GTA Mortgage Refinance
"..home became your property, property became a mortgages became derivative investments..."
FIXED RATE MORTGAGE
Requires the borrower to pay the same amount during the whole term of the loan at an interest rate that does not change for the remainder of the term
VARIABLE RATE MORTGAGE
Does not have a set repayment amount and fluctuates based on the national and posted interest rates.
We work with a multitude of different lenders, to provide you with the best options for your mortgage approval. We take care of all the necessities involved in negotiating the best possible deal for our clients. Our goal is to shop the entire Canadian Mortgage Market to fulfill our promise of providing our clients with the most seamless process in securing financing. Our clients are our biggest priority, which is why we take care of everything from the pre approval process all the way to the day of closing. We are available at all times to answer any questions you may have along the way.
We have virtually unlimited access to leading financial institutions from across Canada. Our promise is to guarantee a huge range of mortgage options and Refinance that best suit your financial situation. As independent local business individuals in the Greater Toronto Area (GTA), we won’t lead you in any one direction. We’ll offer expert, unbiased advice so you can feel confident you’re getting the best-available rates and features.
A mortgage pre-approval is a vital component of the home buying process because of the following reasons:
The interest rate that we will secure for you is guaranteed for 120 days even if interest rates go up, the interest rate that we have secured for you will be held for you.
If the interest rates go down, you are automatically relocked into the lower interest rate without any additional applications required.
You are given accurate information as to how much you are able to purchase for given your budget, income, and credit score.
You are able to make a firm offer as the real estate market is extremely competitive and sellers will be more inclined to accept your offer.
The First-Time Home Buyer Incentive Helps First-Time Homebuyers Without Adding To Their Financial Burdens
The program, which is jointly delivered by the Canada Mortgage and Housing Corporation (CMHC) and Canada's provincial and territorial governments, offers:
5% or 10% for a first-time buyer’s purchase of a newly constructed home
5% for a first-time buyer’s purchase of a resale (existing) home
5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home
This Incentive’s shared-equity mortgage is one where the government has a shared investment in the home. As a result, the government shares in both the upside and downside of the property value. This allows borrowers to purchase a home with a lower down payment and enjoy the stability of affordable monthly payments, even if the property value decreases.
The homebuyer will have to repay the Incentive based on the property’s fair market value at the time of repayment. If a homebuyer received a 5% Incentive, they would repay 5% of the home’s value at repayment. If a homebuyer received a 10% Incentive, they would repay 10% of the home’s value at repayment. If the property is sold or transferred before the end of the 25-year period, the Incentive must be repaid in full.
Shani Ben-Izhak, Mortgage Agent
Need a Mortgage - The Mortgage Centre
Direct Cell Number:
CA 1 + (647) 701-6760
FL 1 + (786) 450-1833
Address: 13 – 190 Marycroft Ave, Woodbridge, ON L4L 5Y2
Mortgage Application click here
For any general inquiries, please fill in the following contact form: