Harpreet Singh will search over 100 lenders to get you the best mortgage rate & product that best fit your needs. He deals with new mortgages, refinancing, and many special situations with a 100% Approval Rate — Everyone gets approved!
Tell Harpreet Your Story
I am Rate-Shopping
You have an approval from your bank but you feel that there are better deals out there. Let Harpreet know what rate to beat, and he’ll beat it, simple as that!
Use My Equity, Leave My 1st
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 Harpreet knows lenders that want your business without sacrificing your rate.
Renewal or Refinance
Don’t just accept your bank’s rate! Harpreet will renew your existing mortgage with the option for additional funds to renovate, consolidate or invest. With the lowest rate, he will free-up your monthly cash-flow.
Started a New Job (or Mat Leave)
The big-5 banks won’t approve you, just because you changed jobs. Don’t get discouraged. Harpreet has 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. Harpreet can find an A, B, or a private solution that will look at your overall situation, not just your credit score.
Buying a Rental or 2nd 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. Harpreet has creative solutions to work in your favor. Let’s talk!
Less Than 20% Down Payment?
Haven’t saved up 20% or more downpayment? That’s OK! With Insurers like CMHC/Genworth, the minimum down payment required is 5%. Don’t let the amount of savings hold you back from getting that perfect place.
In addition to consolidating debt and home equity loans there are more products Harpreet offers. And it’s all FREE.
7 NEED-TO-KNOW CREDIT FACTORS AFFECTING YOUR MORTGAGE RATES
- There are two major companies who hold your credit reports are Equifax and TransUnion.
- Credit scores range from 300-900 (you need at least a 680 to qualify for mortgage “A-Lending” as these are CMHC and Genworth’s criteria).
- Payment History is worth 35% of your total score. Be sure to make payments on time, the longer past due, the lower the score. Frequency is also a factor, the number of times you are late. This also applies to bankruptcies, liens, mortgages, and judgments.
- Amounts Owed is worth 30% of your score. Are you maxed out on all your credit cards? If you don’t want to have this affecting you then be sure to use only 75% of your credit limit. If your limit is $5000 don’t use more than $3750 or it will affect your mortgage credit score.
- Length of Credit History is worth 15% of your score. How long have you had your loan/credit card for? Have you been using your credit cards recently prior to getting a mortgage?
- New Credit is worth 10% of your score. Make sure you do not apply for credit too often. Newly activated accounts may lower your score. Also, make sure you do NOT have your credit checked too many times when applying for a mortgage. This will lower your score. They want to make sure you are not living beyond your means.
- Types of Credit you use are worth 10% of your score. Watch out if you have several credit cards with high limits. This could mean that at anytime you can max these out and have a financial hardship because unlike installment loans, you do not need re-approval to reach the maximum limit. NOTE: If you are the person who likes paying with cash, make sure you use your credit card at least once a month to boost your credit score to get the ideal mortgage rate.
Milan found a more flexible mortgage
“Mr. Harpreet Singh and his team were tremendously helpful during our mortgage refinancing. Mr. Singh guided us throughout the entire process and helped us get a great rate too. I would definitely recommend Mr. Singh to anyone looking for financing.”
Milan Jankovic, Toronto
Compare industry 5-Year Fixed mortgage rates as of
2.99%
2.99%
3.09%
2.99%
Don’t Just Take Your Bank’s “Exclusive Rate”.
5 Reasons To Shop Around With A Broker:
Lower Rates vs. Better Rates
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!
Better Rates – If you shop around with a mortgage broker, they can find better rates and products that suit your situation better than the regular mortgage products being offered by your bank. Individuals like Harpreet often get better deals than you at your own big-5 bank. A broker can save you thousands. In most cases, they can even guarantee the lowest rate!
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!?
Second chances – Even if you’re turned down by a big-5 bank, mortgage agents might still get you a deal with an A-lender (bigger banks that offer better rates). How? They 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. Mortgage Agents 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.
Better Mortgage Options
Harpreet has relationships with over 100 lenders. He can find you diverse and flexible options not offered by the big banks.
Here are some ways Harpreet has made his 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
Finance Smarter! 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 Harpreet shops around for you, he’ll do a single credit check so he doesn’t hurt your credit score, even if he’s checking dozens of lenders.
Lower Penalties & No Pressure Sales
Did you know – 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.
Banking with 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
Save More Money! Harpreet gets paid a commission by the bank where you get your mortgage, but he does not work for banks. He is not loyal to any bank or lender. He works for you. That’s why he’ll sometimes use his own commission to buy down your rate – so you get an even better mortgage rate!
Don’t Just Take Your Bank’s “Exclusive Rate”.
5 Reasons To Shop Around With A Broker:
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.
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.
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 – 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.
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. You want this to go smoothly.
When you get a mortgage through Harpreet, he take care of everything. He asks for documents upfront, so it’s all ready for the big day. No last minute surprises.
Our Rate And Approval Guarantee
Harpreet wants you to get a mortgage that meets your needs rather than worry about rates.
That’s why he’ll beat any rate you see. Even if 30 days from now you find a lower rate, he’ll beat it.
Everyone gets approved! And you will not have to sacrifice on service.
Let’s Talk About It!
Harpreet will look at your unique situation and offer 2-3 options for you to choose from. He works with only licensed and insured lenders. A smaller lender can offer a better mortgage than your big bank.
Let Harpreet shop around for you!
Harpreet responds within 1 hour on weekdays. No obligation.
Get Help From Harpreet Singh
A Mortgage Agent You Can Trust!
Email: harpreet@searchmortgage.ca
Phone Number: 416 795 1919