My team of Licensed Mortgage Brokers & Agents will search over 100 lenders to get you the best deals and mortgage rates that best fit your needs. We deal with new mortgages, refinancing, and many special situations. We strive for a 100% Approval Rate – Everyone gets approved!
Tell Us Your Story
I am Rate-Shopping
You have an approval from your bank but you feel that there are better deals out there. Let us know what rate to beat, and we’ll beat it, simple as that!
I want a Home Equity loan
You have been in your home for at least 1 year and would like to turn your equity into a loan or line of credit at an interest rate much lower than a loan or credit card. Ideal for renovations or debt consolidations.
I am Self-Employed
Can’t prove your real income? Many banks treat self-employed and commission sales as second-class citizens. Luckily we know lenders that want your business without sacrificing your rate.
I want to Refinance or Renew
Whether your mortgage is up for renewal or not. We will refinance your existing mortgage while providing you additional funds to consolidate, invest, etc. at the lowest rate and save you money in the long-term.
I just started a New Job
The big-5 banks won’t approve you, just because you changed jobs. Don’t get discouraged. We have a lender that will accept your new job while you are on probation.
I have Bruised Credit
If your credit history is not perfect, you can still get a good mortgage rate. We can find an A or B-lender that will look at your overall situation, not just your credit score.
Buying a Rental or Second Home
The big-5 banks will structure your mortgage exactly how you tell them, however, what you say may work against your rate or insurance premium. We have creative solutions to work in your favor. Let’s talk!
Looking for a Private or Second Mortgage
Look no further! We have 20+ private and 30+ second mortgage options to get you the best deal with a close eye on mortgage rates – Up to 90% of the value of your home!
MORTGAGE BROKER TORONTO
Utilizing a mortgage broker in Toronto has many advantages. For example, with the real estate market being so saturated a Toronto Mortgage Broker can help you secure your perfect financing needs after securing your perfect residence! A mortgage broker in Toronto can help structure the best mortgage product to fit your needs and budget. They can also help you with your affordability numbers and let you know what you can truly afford, rather than the big banks who pre-approve you for X amount and leave out the stipulations of that agreement. Often times a mortgage broker in Toronto’s service is pro bono, meaning that the broker is compensated by the lender directly therefor you incur no cost in utilizing their services! Mortgage brokers in Toronto have access to many lenders, however they often create long lasting relationships with a few lenders and through these relationships can guarantee better rates and terms than the big banks. Get in touch with a Search Mortgage Corp agent today and see why Mortgage Broker’s in Toronto are so helpful!
Don’t Just Take Your Bank’s “Exclusive Rate”.
5 Reasons To Shop Around With A Broker:
Better Mortgage Rates
Rarely the Lowest Rates – If you’re looking for the lowest rates, chances are your big-5 bank will not have it. The lowest rates are usually offered by financial institutions and financial institutions only work with the mortgage broker channel, therefore, consumers cannot go directly to these financial institutions to get these ultra-low rates, you must use a mortgage broker!
Did You Know…that TD has the highest prime rate of the big-5 banks? This means although their variable might be advertised at Prime minus .5% however, their prime rate is actually higher than everyone else, misleading, don’t you think!?
Let us shop around – We can often get better deals than you at your own big-5 bank. We negotiate special group rates for our clients as well we can use our commission to get you an even lower rate. A broker can save you thousands. In most cases, we can even guarantee the lowest rate!
Second chances – Even if you’re turned down by a big-5 bank, we might still get you a deal with an A-lender (bigger banks that offer better rates). How? We know which lenders use which rules to qualify you.
Know Disadvantages Of Ultra-Low Rates – A low rate can be deceptive. You might get a low rate on your mortgage, but if you sell early or refinance, your bank may punish you using a higher posted rate. We can find you the same rate without that risk. Or we can find you a better mortgage altogether that will serve you better. Sometimes a higher rate can save you money in the long term or improve your cash flow in the short-term.
More Mortgage Options
We have relationships with over 100 lenders. We can find you diverse and flexible options not offered by the big banks.
Here are some ways we’ve made our clients’ mortgages more flexible:
Count a greater % of your rental income Purchase with as little as 5% down
Pay Interest-Only = More cash in your pocket 35-Year Am Mortgages
Mortgage & Credit-Line Combo Non-Provable Income.
One Institution, One set of products – Utilizing a mortgage broker gives you access to an array of lenders, hence pinpointing what is vital to you, the consumer, and securing the product. When going to one of the big banks there are so many other products, rates, and terms that are not available to you. One financial institution can only work within their guidelines and fit you in a box that you might necessarily not fit in.
1 Credit Check = 100+ Lender Options & Save Your Score
Get more options and protect your credit score. Every bank you get a quote from will run a credit check, which will lower your credit score. When we shop around for you, we’ll do a single credit check so we don’t hurt your credit score, even if we’re checking dozens of lenders.
Highest Penalties & Highest Pressure Sales
Highest Penalties – The Big-5 banks have the highest payout penalty out of all A-lending mortgage institutions. If you were to break your mortgage to refinance or sold your home, the big-5’s penalty is based on the interest rate difference (money they lost) on the posted rate vs. the real rate you received. Banks show a “posted rate” usually 2% higher than what you would really get and say “because you’ve been banking with us for X years, we’re going to discount our posted rate of 4.74% to 2.74%” but in fact, the real reason is to gauge you if you ever decide to break your mortgage.
High-Pressure Sales – In a recent article by CBC, thousands of employees from all big-5 banks have come forward about management forcing unrealistic sales quotas, unethical sales tactics and in turn, putting clients in the wrong financial product. You must remember these financial planners are also selling RRSP’s, GIC’s, Visa’s as well as mortgages. They don’t work full time in mortgages and therefore won’t be able to service you the way you should and offering products that you should be in saving you thousands.
Our Mortgage Rate Shopping Services Are FREE
We get paid a commission by the bank where you get your mortgage, but we don’t work for banks. We are not loyal to any bank or lender. We work for you. That’s why we’ll sometimes use our own commission to buy down your rate – so you get an even better mortgage rate!
Beware The Cheapo, Zero Service Guys
Some companies will drop their rates below competition to the point that they have no money left to offer any service. Your mortgage is important. Avoid sloppy or last-minute paperwork. We’ve seen it, and trust us. You want this to go smoothly.
When you get a mortgage through us, we take care of everything. We ask for documents upfront, so it’s all ready for the big day. No last minute surprises.
We want you to get a mortgage that meets your needs rather than worry about a rate.
That’s why we’ll beat any rate you see.
Ready To Talk About It?
We’ll look at your unique situation and offer 2-3 options for you to think about. We work with only licensed and insured lenders. A smaller lender can offer a better mortgage than your big bank.
We respond within 3 hours on weekdays. No obligation. You’re just shopping around.
Get help from Sterling Wong and his team of licensed
mortgage specialists…Finance the Smart Way!
Toll-Free: 855.241.RATE (7283)
Search Mortgage Corp.
50 Village Centre Pl. Suite 100
Mississauga, Ontario L4Z 1V9
Br#12652 : Lic#M08008042