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Blog_Mortgage_Broker_GurbirSandhu
April 12, 2022
If securing a loan to buy a new home, an expert mortgage broker can help handle the process for potential homebuyers. Where to get one from? Visiting lenders for the perfect quote and investing for the right one can be daunting. This is where an expert broker can cover up all these provided you choose the right one. The broker would get compensation from the lender you work with. So, before you decide on a particular mortgage specialist in Surrey, calculate the costs for a better understanding of how to run it. This will help in buying a home and […]
August 13, 2021
A mortgage consultant might be the best way to help you get the home of your dreams. However, you must have knowledge of the mortgage consultants before you start looking for them. Therefore in this blog, we will have a look into the details of working with a mortgage consultant. While mortgage shopping, it is common to find that home buyers start looking for the best mortgage consultant in Surrey. Since the homebuyers are in search of the best rates and terms, it can be possible only with the help of the best consultant. When the consultants follow the best […]
August 13, 2021
A Detailed Insight into the Mortgage Loans Mortgage or Mortgage Loans are some of the most commonly used terms but come with endless questions. However, you must have heard that a mortgage is somehow related to buying homes. Well, to get rid of the confusion, today we will have a look at the details. There are times when we dream big, but unfortunately, we don’t have funds available to make them real. Owning a home is a mere dream for many, which makes mortgage a typical process for many. This is the only way to fulfill your dreams without breaking […]
August 3, 2021
Choose the Right Mortgage consultant in Langley Approval for Lowest Mortgage Rate in Langley If you want to build your own home at the lowest mortgage rate in Langley, it is a little difficult to meet every level of the mortgage system. The most critical step is to apply for a mortgage, from checking interest rates to finding the perfect property. Although it can be daunting. That is why; planning your finances on time can make things much easier. Here are four ways to get a mortgage approved. Examine your credit report. Credit scores in Canada range from 300 to […]
August 3, 2021
Choose the Right Mortgage consultant in surrey Each industry has its terminologies and jargon. These terminologies and terms can be perplexing to those who are not familiar with the day-by-day advancement of the industry. However, the mortgage industry is no exception. Gurbir Sandhu, An expert Mortgage Broker has prepared this convenient blog to assist you to comprehend the terminologies, and terms that are commonly used when buying a property. You will see useful information below that can help you understand better and articulate your requirements regarding mortgage consultants in Surrey. Amortization: It is the loan payback period, which is […]
April 7, 2021
When you refinance a mortgage on your home, you pay off the original mortgage and replace it with a new one. It may have a new interest rate or term, even taking cash out of your home equity. There are some benefits or losses depending on the mortgage scenario and switch opted, however mostly refinancing is a means of getting benefits. It’s important to understand the realities behind a few common mortgages refinance misconceptions. The biggest myths when it comes to refinancing are as follows Myth – You have to reset your loan amortization period The most common concern is […]
March 12, 2021
Are you Confused, to choose between Mortgages or Buying Upfront? Then the answer is simply YES Go for a Mortgage, it gives you a lot of benefits. Apart from being an option for those unable to buy a home upfront, one major benefit to financing has been the ability to write off mortgage interest. When you deduct your mortgage interest, your payments don’t decrease month to month, but your income taxes for the year do, lowering your costs overall. Taxes: Government of Canada offers various tax breaks and credits for home buyers. Growth: It is expected of you to experience growth […]
March 3, 2021
The different types of mortgages available in the Canadian Mortgage Market offer a great variety of solutions to a borrower. The right kind of mortgage selection is, where a Mortgage Broker can help you with. Based on mortgage rates and repayment options, primarily there are the following 6-kind of mortgages Conventional Mortgages High Ratio Mortgages Open Mortgages Closed Mortgages Fixed-Rate Mortgages Variable Rate Mortgages (VRM) / Adjustable Rate Mortgages (ARM) Conventional Mortgages A mortgage where the down payment is equal to 20% or more of the property’s value/purchase price. A low-ratio mortgage does not normally require mortgage protection insurance. High Ratio Mortgages A high ratio mortgage is […]
February 24, 2021
No two home buyers are alike, so the best mortgage option for one borrower is likely unsuitable for another. It’s up to the buyer and his or her mortgage broker to make the right decision based on the individual needs. What are the most popular mortgage options in the Canadian Market? Well! in general, small to mid-size mortgages are most popular, as demand for these is certainly the most. Small size mortgages are secure for both lender and borrower. Canada Mortgage and Housing Corporation (CMHC) + The Canada Mortgage and Housing Corporation (CMHC) is a government department that acts […]