OUR Services

OUR SERVICES

Toronto mortgage agent Your Rate Guy – Dan Mizrahi offers a wide range of mortgage services with the best mortgage rates for all your financial needs across Toronto, ON. If you are purchasing a home for the first time or want to take out equity from your home, please reach out. If you’re looking to purchase a commercial property to grow your business or your current mortgage is up for renewal, Your Rate Guy – Dan Mizrahi can educate you with free, professional, unbiased advice. For mortgage advice of any kind, please feel free to contact Dan Mizrahi.

Home Purchase Mortgages

The purchase of a home is the largest purchase most people make in their lifetime. At Your Rate Guy, we want to make sure your aware of all the options prior to your closing date.

In this environment financial institutions are launching new products and new rules are being implemented all the time. Today, loans of all kinds are available, interest only, private, self-employed, rental programs, vacation property programs are making homeownership available to more and more Canadians.

Home Refinance Mortgages

Consumers have many reasons to refinance their mortgage. Maybe it’s because your credit score has improved and you know qualify for a better rate and term or perhaps because you want to change from a variable to a fixed rate. Refinancing is also a good option if you want to pull equity out and consolidate devt, or if you want to make home improvements.

MORTGAGE RENEWALS

Most consumers spend a lot of time and effort shopping for their initial mortgage, but the same cannot be said when it comes to renewing their mortgage. Forgetting to put in the proper consideration at the time of renewal costs Canadians thousands of extra dollars every year. Nearly 60% of borrows simply sign and send back their first renewal offer sent by their lender without every shopping for a better interest rate.

Consumers should never accept the first rate offered to them by their existing lender. This lack of negation costs borrowers a lot of money on their renewal.

The rule of thumb is to start shopping for your new term between four to six months before your current mortgage term expires. Most lenders send out renewal letters very close to the time that your term expires. This does not give you enough time to arrange another mortgage. You should be tracking your own mortgage and be ready to start shopping ahead of your renewal.

Be sure to talk to your mortgage professional when it comes time to renew. You will be amazed at the deals lenders offer when you have time to shop.

Your mortgage is typically your largest expense. It simply make sense to find the best interest rate and mortgage term you can. Being prepared prior to mortgage renewal time can save you a substantial amount of money over the term of your mortgage. Don’t be one of the masses that just simply renews talk to a mortgage professional to ensure that lenders work hard for your business.
For more information about your renewal in the Great Toronto area please feel free to contact Your Rate Guy Toronto’s mortgage professional.

The benefits of using a mortgage professional

  • There are typically two ways to obtain a mortgage in Canada: From a bank and or a licensed mortgage professional.
  • Banks only offer products from their particular institution, mortgage professionals send millions of dollars of business each year to Canada largest banks, credit unions, trust companies and other institutions. 35% of all mortgage origination is now coming through the mortgage broker channel and this continues to grow every year.
  • If you are purchasing a home for the first time, or want to take out equity from your home or purchase a commercial property to grow your business and your current mortgage is up for renewal, it is important to be educated with professional free, unbiased advice.

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