Reliable Mortgage Advice

Buying a home requires making many tough decisions that can be incredibly daunting without accurate mortgage advice from qualified professionals. The financial choices you will face when buying a home will affect your lifestyle and budget for years to come, so it is important to have access to reliable guidance when making decisions regarding:

The type of mortgage product that best suits your needs
Your amortization period
The mortgage term that will save you the most money

Canadian Mortgages Inc. has trained and certified mortgage brokers who can help you every step of the way. We even offer free consultations so that you can get a good idea of what mortgage options are available to you, and how long your repayment will take.

Advice on Choosing a Suitable Mortgage Product

CMI mortgage agents can take your unique financial and lifestyle situations and pair you with the most suitable mortgage product. Mortgage advice from a CMI broker means walking you through your different financing options, and discussing the issues associated with each, such as:

Adjustable versus fixed rate mortgages: which will save you more money in interest in the long run?
High ratio mortgages: are the extra fees and insurance worth not having to come up with a down payment?
Second mortgages and mortgage refinancing: which one will cost less and give you access to the most disposable income?

We can help you assess your own circumstances and goals to help you determine which mortgage product will best suit your current needs and plans for the future, while saving you the most money.

Mortgage Amortization Guidance from CMI

Choosing an amortization schedule will not only establish how long you will be paying off your mortgage, but it will also determine how much money you will pay in interest throughout the course of your mortgage. The longer your amortization period, the lower your regular payments will be, but the more interest you will pay. With a shorter amortization, you will have significantly higher payments, but it could save hundreds of thousands of dollars in interest. Assessing your current and forecasted financial situation to determine an appropriate amortization period can be difficult, which is why our accredited mortgage agents can offer you mortgage advice that will help you establish your repayment schedule.

Choosing a Mortgage Term with the Help of a CMI Mortgage Broker

Especially in times of economic instability, it is imprudent to try and decide on a mortgage term without the advice of a knowledgeable mortgage professional. Luckily, CMI mortgage advice also includes helping you analyze the current market, so that you can make an informed decision regarding your mortgage term. Every mortgage is divided into terms that come in many forms, including:

Short-term with a fixed interest rate
Long-term with a fixed rate
Short-term with an open, closed, or capped variable rate

Each option will offer its own benefits and disadvantages depending on the market, and each will be more suitable for different financial situations. With so much to choose from, the easiest way to weigh your options and make the best choice is to seek mortgage advice from the trained and reliable brokers at Canadian Mortgages Inc.

Mortgage Rates

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