The Mortgage Centre - Free Broker Help

Jody Nason, AMPAccredited Mortgage Professional

Free Expert Advice on home refinancing & Purchases

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PURCHASES

REFINANCING

CREDIT MANAGEMENT

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Purchasing a Property

Find out what your budget is and what you need to qualify. We offer advice on new homes, construction, rentals and commercial properties.

Refinancing

Find out how to use the equity that you have built up in your home to lower your monthly payments & pay off your mortgage faster. Renigotiate a better mortgage

Credit Management

Find out how to increase your Credit Score & qualify for your dream home. We can show you how to get back on your feet and qualify for the lowest rates available.

What is available?

What questions do I ask?

What do i Qualify For?

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ABOUT

Broker vs. Bank

What are the benefits of using a broker, instead of going to my bank?

Lower Rates: Brokers who do a large volume of business receive discounts on rates. On average brokers can offer 0.5%-4% below bank posted rates.

Product variety: There are many types of mortgages available.

- Lines of credit

- Some that give you extra money to do renovations on a new home

- Cash back

- People in business who do not claim their income.

When working with a broker you are not limited to what just your bank can offer but all banks across Canada

Guidance: Variable or fixed, Loan to value, Debt ratio. Not everyone has time to learn what each term means and what guidelines each bank have set out to qualify for difference products. A broker acts as your representation and guides you through all the terms and paperwork.

Your future: We are constantly watching for new products and rate changes. We keep in contact with our clients and let them know if we find a way to save them money. I have yet to see a bank call clients and offer to lower their mortgage rate.

Our broker services are free. Have an Accredited Mortgage Proffessional in your corner for your next mortgage.

PURCHASES
Many people I talk to about buying their first home don't think they qualify, when really they do, and for the best rates available.CREDIT - The banks look for at least 2 years of credit history with at least 2 different accounts. This can be a Canadian tire card, a Leons account, future shop small citifinancial loan or car loan for example. They are just looking for a pattern of good payment history. It is OK if you have had some collections but they will need to be paid first.INCOME - If you make $20,000 a year or $200,000 it really doesn't matter. You will qualify for what you can afford. If you are currently paying $650 a month in rent, that adds up to the same mortgage as a $130,000 home.DOWN PAYMENT - All the banks require 5% of what the sale price of the house is as a down payment. If you are paying high rent and other bills it is extremely hard to save money up. There are other ways around it. If you think you may want to buy a house sometime in the next year or two you should start by looking at your credit report. You can contact equifax and have a copy mailed to you or give me a call and I will do it for you. I will see to it you have a game plan of exactly what to do to get you into your first home.

REFINANCING

Refinancing

Lower your interest rate, do renovations, consolidate bills to lower your monthly payments. Whatever the reason, make sure you are getting expert advice on products that are ever changing.

With rates at an all time low it is a great time to Refinance and save your household thousands. Pay off your mortgage faster, make a large purchase such as a new vehicle or trip & consolidate it right into your mortgage at a low interest rate. Even if your mortgage is not up for renewal penalties are not as expensive as one might think.

It is hard to know what the best package will be for you and that you are getting the best possible rate and options available. There is a lender for all situations.

I will work hard to get the job done and to your complete satisfaction.

CREDIT MANAGEMENT
There are Two credit bureau companies in Canada but most lenders look at either Trans Union or Equifax. But it is important to make sure all have your proper and updated information.- Trans Union of Canada- EquifaxYou can request a free copy of your report by fax or mail; however, they will not send you your Credit Score without an extra cost. I would be happy to pull your credit reports for you at no charge and show you how to read them. When you do this it will take 4 points off your score. Please contact my office.Credit Scoring is the information that your creditors rely on when they are making a lending decision.Point scoring can range from 300 - 900 points depending on the bureau system. The higher the score the better the credit. Every time someone pulls your credit file you lose between 4 and 8 points so do not apply for credit that you do not want or that you know you will not qualify for.- 300-539 Very damaged. Could take up to 2 years to repair.- 540-599 Problems with your report that can be fixed. There are lenders available who will do mortgages even with this low score but at higher rates.- 600-619 May have little things to fix up but can get a decent interest rate. Can repair credit in a matter of 6 months.- 620-679 Clean credit history. This is usually the average persons score level. You would qualify for the lowest available rates.- 680+ We should aim for this level of credit. You would qualify for extra products such as stated income for business for self clients.There are many things that you can do to increase your score in just 120 days even without extra money!Sure, it is easy for someone to say "pay down your debit" or "never borrow from high interest loan companies". That is not always an option. The average person has had to skip a payment or maxed out a credit card, some have even gone bankrupt. There is no reason why with a little guidance and some time, you can't have perfect credit again.Remember, if you are experiencing financial difficulties do not wait. Speak to a professional today at no cost.

APPLICATION

All information provided is confidential and will not be shared.

All Applications will receive a response within 24 hours of submission.

If you would like to be contacted immediately please call, text or email at anytime.

Current Rates

5 Year Fixed : 3.29%

Variable Rate: 2.80% (Prime - 0.20)

NEW PRODUCTS:

home Equity Lines of Credit prime +.25% (3.25%)

NO DOWN PAYMENT

5.39% - 5 year fixed - avg credit

FORUM

CONTACT

Jody Nason

Accredited Mortgage Professional

506-647-5936

1-866-336-1652

Nason.j_mortgagecentre.com

Availability

My job as your Mortgage Specialist is to give you the same high standard of service I would expect to be given. I believe in treating every client like my only client. With work and family, schedules can be tight, so I am also available evenings up to 10:00pm and weekends to answer any questions you might have.

Where do I Start?

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