If you're looking for a mortgage, you might be considering private lending as an option. Private mortgage lending is an alternative to traditional lending from banks or credit unions. In this blog, we'll give you an overview of private mortgage lending and help you understand if it's the right option for you.

As a potential homebuyer, getting pre-approved for a mortgage is an essential step in the home-buying process. It allows you to know how much money you can borrow and what your monthly payments will be. However, the mortgage pre-approval process can be overwhelming and confusing, especially for first-time homebuyers. In this blog post, we'll break down the mortgage pre-approval process and explain everything you need to know.

As a self-employed individual, you are your own boss, and you have the freedom to create your own work schedule. However, when it comes to applying for a mortgage, self-employment can complicate matters. Unlike salaried employees, self-employed individuals have to prove their income in a different way to ensure mortgage approval.

At Bob Beach - The Burlington Mortgage Centre, I have been helping clients find the right mortgage for their needs for over twenty-five years. With the housing market constantly changing and mortgage options growing, it can be overwhelming for clients to navigate through the mortgage process. In this blog, I will share my expertise on how to find the right mortgage broker and how to choose the best mortgage for your needs.

For many years, traditional banks have been the go-to source for mortgage loans. However, the mortgage industry has undergone a major shift in recent years with the rise of non-bank and private lending. As a result, borrowers now have more options than ever before.
In this blog, I will explore the benefits of non-bank and private lending and why it may be a better option for you.
 

Are you tired of paying high-interest rates on your mortgage? Refinancing your mortgage can be a great way to save money on your monthly payments and overall interest paid over the life of the loan.
Bob Beach - The Burlington Mortgage Centre has helped many homeowners unlock the secrets of refinancing their mortgage and is here to share his expertise with you.
Here are some of the key points to consider when refinancing your mortgage:

Selecting a mortgage that meets your budget and needs can be a tricky affair. Since you’ll likely be paying back your mortgage over a long period of time, you want to secure a product that offers the best possible interest rate and terms. Even a fraction of a percent on your interest rate can either help you save or cost you thousands of dollars over the lifespan of the loan. 

Original Article Source Credits:   Canada.ca , https://www.canada.ca/

Article Written By:  NA

Original Article Posted on:   2020-12-29

Link to Original Article:  https://www.canada.ca/en/financial-consumer-agency/services/mortgages/preapproval-qualify-mortgage.html

Original Article Source Credits:   Huffingtonpost , https://www.huffingtonpost.ca/

Article Written By:  NA

Original Article Posted on:  01/21/2021

Link to Original Article:  https://www.huffingtonpost.ca/entry/mortgage-approval-tips-canada_ca_60099f45c5b62c0057c43681

Original Article Source Credits:   MYMOVE , https://www.mymove.com/

Article Written By:   JESSICA WALRACK

Original Article Posted on:  July 30, 2020

Link to Original Article:  https://www.mymove.com/mortgage/guides/pre-approval/

Todays Mortgage rates for a Refinance or a Renewal are at Record Lows.

At 10 am eastern, the Bank of Canada made what was scheduled to be its 10th and final interest rate decision of 2020, one of the most active years in recent monetary history.

Filings from Canada’s largest banks showed that the vast majority of borrowers have now resumed regular payments, with just around 69,900 mortgages on payment deferral as of October 31.

Original Article Source Credits:    CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/

Article Written By:  Steve Huebl

Original Article Posted on:  November 11, 2020

Link to Original Article:  https://www.canadianmortgagetrends.com/2020/11/optimism-returns-to-the-markets-could-fixed-rates-start-to-rise/

I'm Bob Beach, proud Owner of The Burlington Mortgage Centre.

I look forward to sharing my story. I hope that you will enjoy getting to know me better.

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