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Mortgage Specialist - Winnipeg, Manitoba
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There’s more to a great deal on a mortgage than just the lowest interest rate.
The terms and conditions within a mortgage loan contract can greatly affect the overall cost, depending on what your needs are and what path you take with your mortgage in the future. My job, as your Professional Mortgage Specialist, is to understand your needs and financial plans so that I can match you with the right mortgage product, at the lowest interest rate, to save you the most amount of money possible. Once I have a full understanding of your situation, I will find you the best deal on the right mortgage by comparing offers from dozens of:
My services are totally free to you in most cases.
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The only time fees may apply is if there were circumstances that required creative financing solutions using Alternative or Private Lenders. In these cases, any fees that may need to be charged would be fully disclosed prior to you committing to anything.
Mortgage Broker vs. Mortgage Specialist vs. Banker
These three terms are commonly used when referring to sourcing a mortgage, but there are significant differences between them. In fact, the different terms are used differently in different provinces in Canada. In Manitoba, the way most people use these terms incorrectly.
A Mortgage Specialist (a.k.a. Mortgage Professional) is a person who is licensed by their local Securities Commission to arrange mortgage financing for their clients by reviewing offers from dozens of different Mortgage Lenders to find the absolute best mortgage products for their clients needs at the lowest possible interest rates. A Mortgage Professional works for the client and with the client's best interests at heart. I am a Mortgage Specialist.
A Mortgage Broker in Winnipeg is a group of Mortgage Specialists. Castle Mortgage Group is my Brokerage a.k.a. Mortgage Broker.
A Banker is the term I use to describe the person you get your mortgage from at the Bank or a Credit Union. They work for the Bank or Credit Union and are not licensed by their local Securities Commission.
Here’s where things get confusing. Bank personnel who sell mortgages also refer to themselves as Mortgage Specialists although the role is very different from that of a Mortgage Specialist who is part of a Mortgage Brokerage.
So how do you make sure that you are using the correct type of service?
Simple...Look at the company's name.
Mortgage Specialists/Professionals are licensed to operate under a Mortgage Brokerage. My Brokerage is Castle Mortgage Group which is located in Winnipeg, Manitoba. Castle is registered under a larger national Brokerage called TMG - The Mortgage Group.
If the Mortgage Specialist is employed by a Bank (such as RBC, CIBC, Scotiabank, BMO, or TD) or a Credit Union (such as Cambrian, Access, Steinbach, Assiniboine, or Caisse) then you know you’re not dealing with a licensed professional.
If you truly want the best deal on your mortgage, your best bet is to use the services of a Winnipeg Mortgage Broker. Castle Mortgage Group is Manitoba's largest independent mortgage brokerage which means more Lender resources and therefore more mortgage options for our clients...which ultimately translates into a better deal!
As your Winnipeg Mortgage Specialist, it's my job to find you the best deal on the right mortgage for your needs!
Mortgage Broker vs. Mortgage Specialist vs. Banker
These three terms are commonly used when referring to sourcing a mortgage, but there are significant differences between them. In fact, the different terms are used differently in different provinces in Canada. In Manitoba, the way most people use these terms incorrectly.
A Mortgage Specialist (a.k.a. Mortgage Professional) is a person who is licensed by their local Securities Commission to arrange mortgage financing for their clients by reviewing offers from dozens of different Mortgage Lenders to find the absolute best mortgage products for their clients needs at the lowest possible interest rates. A Mortgage Professional works for the client and with the client's best interests at heart. I am a Mortgage Specialist.
A Mortgage Broker in Winnipeg is a group of Mortgage Specialists. Castle Mortgage Group is my Brokerage a.k.a. Mortgage Broker.
A Banker is the term I use to describe the person you get your mortgage from at the Bank or a Credit Union. They work for the Bank or Credit Union and are not licensed by their local Securities Commission.
Here’s where things get confusing. Bank personnel who sell mortgages also refer to themselves as Mortgage Specialists although the role is very different from that of a Mortgage Specialist who is part of a Mortgage Brokerage.
So how do you make sure that you are using the correct type of service?
Simple...Look at the company's name.
Mortgage Specialists/Professionals are licensed to operate under a Mortgage Brokerage. My Brokerage is Castle Mortgage Group which is located in Winnipeg, Manitoba. Castle is registered under a larger national Brokerage called TMG - The Mortgage Group.
If the Mortgage Specialist is employed by a Bank (such as RBC, CIBC, Scotiabank, BMO, or TD) or a Credit Union (such as Cambrian, Access, Steinbach, Assiniboine, or Caisse) then you know you’re not dealing with a licensed professional.
If you truly want the best deal on your mortgage, your best bet is to use the services of a Winnipeg Mortgage Broker. Castle Mortgage Group is Manitoba's largest independent mortgage brokerage which means more Lender resources and therefore more mortgage options for our clients...which ultimately translates into a better deal!
As your Winnipeg Mortgage Specialist, it's my job to find you the best deal on the right mortgage for your needs!
Why Use A Mortgage Broker?
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Save Money
My job as your Mortgage Specialist is to leverage the relationships that my Mortgage Broker, Castle Mortgage, has formed with dozens of different Canadian Lenders in order to negotiate the best deal on the right mortgage for your needs. There are numerous factors that need to be taken into consideration when selecting the mortgage that will save you the most money. But don't worry, it's my job to navigate that process with you and explain everything along the way! Save Time A Mortgage Broker is a hub for hundreds of different mortgage financing options. So instead of you making appointments at all the different banks to compare mortgage options, I can show you all the options from all the banks at once. |
Save Stress
Buying a home is usually a very stressful process with many different stages to it.
One of those stages is arranging mortgage financing, of course.
Everybody wants to save the most money on their mortgage but most home buyers don't want to take the time or deal with the stress of shopping around for their mortgage so they usually end up just going to their bank. Their bank might end up offering the best deal, but how would one know unless they've compared their bank's offer with offers from other Lenders? They wouldn't.
Let me worry about it so that you don't have to.
I Work For You
Castle Mortgage is my Broker but I'm not employed by them. I'm not employed by any financial institution either. I work for you and with your best interests in mind.
I don't have sales quotas to meet in order to keep my job. I don't get bonuses for selling certain products.
My job isn't to sell you anything...My job is to help you.
Buying a home is usually a very stressful process with many different stages to it.
One of those stages is arranging mortgage financing, of course.
Everybody wants to save the most money on their mortgage but most home buyers don't want to take the time or deal with the stress of shopping around for their mortgage so they usually end up just going to their bank. Their bank might end up offering the best deal, but how would one know unless they've compared their bank's offer with offers from other Lenders? They wouldn't.
Let me worry about it so that you don't have to.
I Work For You
Castle Mortgage is my Broker but I'm not employed by them. I'm not employed by any financial institution either. I work for you and with your best interests in mind.
I don't have sales quotas to meet in order to keep my job. I don't get bonuses for selling certain products.
My job isn't to sell you anything...My job is to help you.
My Services
Pre-Approvals
If you’re thinking about purchasing a home or condo, before you head out shopping, you need a pre-approval. A proper pre-approval tells you how much you are qualified to spend on a property so that you start your shopping off on the right foot.
There’s nothing worse than finding that perfect home only to find out that you aren’t qualified to purchase it. Contact me today for your FREE pre-approval.
Purchases
Whether you’re buying your first home or your 50th, it’s important to have a plan for that property. Is this property going to be a short term property or do you plan to own it forever? Do you want to buy a fixer upper or something turn key? Is your plan to pay off the mortgage as quickly as possible or would you rather do other things with your extra money?
Depending on the answer to these types of questions, I’ll find you a mortgage which has the features you need in order to save you the most money possible throughout the lifetime of that mortgage. Oh...and I’ll get you the lowest interest rate on that mortgage as well.
Renewals
If your mortgage is coming up for renewal, don’t sign anything with your current Lender until you call me first!
The rate options that your current Lender is offering you might not be the best available in the market...and the type of mortgage might not be right either.
Just like everything in life, things change. What you thought would be your forever home could all of a sudden become a rental property for you or your family could grow and all of a sudden your starter home might need an addition.
A renewal needs to be handled in a similar fashion to a purchase. We’ll go through all the questions to get an idea of what the next few years might look like for you and make sure we match the mortgage to your needs again.
Refinancing
If the remaining balance on your mortgage is less than 80% of what your house is worth, you have available equity in the home that you may be able to access by refinancing.
Refinancing means that you replace your current mortgage with a larger mortgage and withdraw the difference to use for whatever you want...buy a car, invest, take a trip, pay for the kids’ University, pay off debt, etc.
There are costs associated with refinancing and the costs can differ depending on the Lender and on your personal financial situation at the time.
As with any mortgage, it's important to have a wide selection of options in order to find the best deal. This is especially true with refinancing.
Contact me today to find out if you qualify for refinancing and to discuss what refinancing options are available to you.
Second Homes / Vacation Homes / Cottages
A second home is a home that you purchase to use yourself or by a family member, not a rental property.
Some reasons why people purchase second homes are:
Vacation Homes or Cottages are similar to second homes in that they are intended to be used by the owner and not rented out on a full time basis. Mortgages for these properties can be a little different depending on their location, whether they are located on leased land or not, and/or if the property is a 3 or 4 season property.
If you’re thinking about purchasing a home or condo, before you head out shopping, you need a pre-approval. A proper pre-approval tells you how much you are qualified to spend on a property so that you start your shopping off on the right foot.
There’s nothing worse than finding that perfect home only to find out that you aren’t qualified to purchase it. Contact me today for your FREE pre-approval.
Purchases
Whether you’re buying your first home or your 50th, it’s important to have a plan for that property. Is this property going to be a short term property or do you plan to own it forever? Do you want to buy a fixer upper or something turn key? Is your plan to pay off the mortgage as quickly as possible or would you rather do other things with your extra money?
Depending on the answer to these types of questions, I’ll find you a mortgage which has the features you need in order to save you the most money possible throughout the lifetime of that mortgage. Oh...and I’ll get you the lowest interest rate on that mortgage as well.
Renewals
If your mortgage is coming up for renewal, don’t sign anything with your current Lender until you call me first!
The rate options that your current Lender is offering you might not be the best available in the market...and the type of mortgage might not be right either.
Just like everything in life, things change. What you thought would be your forever home could all of a sudden become a rental property for you or your family could grow and all of a sudden your starter home might need an addition.
A renewal needs to be handled in a similar fashion to a purchase. We’ll go through all the questions to get an idea of what the next few years might look like for you and make sure we match the mortgage to your needs again.
Refinancing
If the remaining balance on your mortgage is less than 80% of what your house is worth, you have available equity in the home that you may be able to access by refinancing.
Refinancing means that you replace your current mortgage with a larger mortgage and withdraw the difference to use for whatever you want...buy a car, invest, take a trip, pay for the kids’ University, pay off debt, etc.
There are costs associated with refinancing and the costs can differ depending on the Lender and on your personal financial situation at the time.
As with any mortgage, it's important to have a wide selection of options in order to find the best deal. This is especially true with refinancing.
Contact me today to find out if you qualify for refinancing and to discuss what refinancing options are available to you.
Second Homes / Vacation Homes / Cottages
A second home is a home that you purchase to use yourself or by a family member, not a rental property.
Some reasons why people purchase second homes are:
- if their kids go to University in a different City or Province, they may choose to buy a home or condo in that City rather than having their kids rent.
- if they work a significant distance from their home. They purchase a second home to stay in during the work week and head home for the weekends.
Vacation Homes or Cottages are similar to second homes in that they are intended to be used by the owner and not rented out on a full time basis. Mortgages for these properties can be a little different depending on their location, whether they are located on leased land or not, and/or if the property is a 3 or 4 season property.
In A Nutshell...
Purchasing any type of property is a big investment that needs to be taken seriously. Focusing only on the lowest mortgage interest rate is a mistake that could end up costing you thousands of dollars more than necessary.
Whichever type of property you’re interested in, the first step is always to have a proper pre-approval in place so that you know exactly where you stand and what options are available to you so that you can make the right decision and save the most amount of money possible.
Whichever type of property you’re interested in, the first step is always to have a proper pre-approval in place so that you know exactly where you stand and what options are available to you so that you can make the right decision and save the most amount of money possible.
My job is not to sell you a mortgage...My job is to educate you on what options are available to you and work with you to choose the option that makes the most sense.
