Mortgage Products

Refinance

Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies. Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the worth of the home.

Purchase

The market in which home purchases are financed. The purchase mortgage market is one aspect of the primary mortgage market, the other being the refinance mortgage market, where the terms of existing mortgages are changed through the origination of a new mortgage agreement.

Switch

A switch mortgage or transfer mortgage involves moving your current mortgage from one lender to another without changing anything except for the term and interest rate.

A switch is beneficial when you want to take advantage of lower rates in the market without changing any other aspect of your mortgage

10 Great reasons to use mortgage

Broker/Agent

Get access to special deals and add-ons

Many financial institutions would love to have you as a client, which is why they often offer incentives to attract creditworthy customers. These can include retail points programs, discounts on appliances, shopping clubs, and more. We do the math on which offers might be worth your attention when it comes to financing or mortgage insurance — so you get the perks you deserve.

Ongoing support and consultation

Even once your mortgage is signed and paperwork is complete, we are here if you need any advice on closing details or even future referral needs. We are happy to be of assistance when you need it.

No cost to you.

There’s absolutely no charge for our services on typical residential mortgage transactions. How can we afford to do that? Like many other professional services, such as insurance, mortgage brokers are generally paid a finder’s fee when we introduce trustworthy, dependable customers to a financial institution. These fees are quite standard and nearly industry-wide so that the focus remains on you, the customer.

Ensure that you’re getting the best rates and terms

Even if you’ve already been pre-approved for a mortgage by your bank or another financial institution, you’re not obliged to stop shopping! Let us investigate to see if there is an alternative to better suit your needs.

Get expert advice.

When it comes to mortgages, rates, and the housing market, we’ll speak to you in plain language. We can explain the various mortgage terms and conditions so you can choose confidently.

Get independent advice on your financial options

As independent mortgage brokers and mortgage agents, we’re not tied to any one lender or range of products. Our goal is to help you successfully finance your home or property. We’ll start by getting to know you and your homeownership goals. We’ll make a recommendation, drawing from available mortgage products that match your needs, and we will decide together on what’s right for you.

Save time with one-stop shopping

It could take weeks for you to organize appointments with competing mortgage lenders — and we know you’d probably rather spend your time house-hunting! We work directly with dozens of lenders, and can quickly narrow down a list of those that suit you best. It makes comparison-shopping fast, easy, and convenient.

We negotiate on your behalf

Many people are uncertain or uncomfortable negotiating mortgages directly with their bank.

More choice means more competitive rates

We have access to a network of major lenders in Canada, so your options are extensive. In addition to traditional lenders, we also know what’s being offered by credit unions, trust companies, and other sources. And we can help you take care of other requirements before your closing date, such as sourcing mortgage default insurance if your down payment is less than 20% of the purchase price.

Things move quickly!

Our job isn’t done until your mortgage closes. We’ll help ensure your mortgage transaction takes place on time and to your satisfaction.

About mortgage solutions and how does it work

We are a dedicated team of mortgage agents committed to making a positive difference in the mortgage industry. Our office HQ is based in Mississauga though our agents provide mortgage services all across the GTA. Mortgage Diligent has helped hundreds of clients across Mississauga, Brampton, Toronto and the rest of Southern Ontario to get a mortgage with low mortgage rates and the best mortgage terms.

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Comments

I/we warrant and confirm that the information given in the mortgage application form is true and correct and I/we understand that it is being used to determine my/our credit responsibility. You are authorized to obtain any information you may require for these purposes from other sources (including, for example, credit bureau) and each such source is hereby authorized to provide you with such information. I/we also understand that the information given in the mortgage application form as well as other information you obtain in relation to my credit history may be disclosed to potential mortgage lenders, financial intermediary and mortgage insurers, organizations providing technological or other support services required in relation to this application and any other parties with whom I/we propose to have a financial relationship. I/we agree to True North Mortgage’s Privacy Policy and Service Agreement.

I /we give express consent to receive ongoing email from Mortgage Diligent. pertaining to mortgages and mortgage rate information on an ongoing basis