Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
A Vendor Take-Back (VTB) mortgage is a type of mortgage where the seller of a property provides financing to the buyer. Instead of the buyer obtaining a mortgage from a traditional lender, the seller acts as the lender and extends a loan to the buyer...
Good news!! As was anticipated, the Bank of Canada lowered its benchmark interest rate by 0.25% (25 bps), bringing it to 4.75%. What Does This Mean for You? If you have a variable rate mortgage or line of credit, this reduction directly affects...
Is Your Mortgage Renewing Soon? Here's What You Need To Know:Are you ready for higher mortgage payments if your mortgage is renewing this year or next? Let’s break it down with a simple scenario to help you understand what to expect.Scenario:Â...
Are you buying a home? Do you need a mortgage for your home? If YES, it's important to keep your financial situation the same (or better) as it was when you got pre-approved for the mortgage.   A mortgage approval is dependent on meeting...
A mortgage stress test is an assessment implemented by banks/financial institutions to ensure people can afford their mortgage payments even if interest rates rise in the future. The stress test requires mortgage applicants to qualify for a mortgage...
Income types come in many forms, but not all are created equally, particularly when it comes to mortgage applications.  Certain income types require a thorough assessment based on a 2 year average. Let's explore these income structures!Â...
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
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