Danny Bell
Mortgage Broker - M13001996
Tel: 905-426-4200 | Cell: 289-200-9061 | Fax: 905-426-4201
There are four main types of mortgage transactions and not all are created equal. Each offers slightly different rates and terms.
PURCHASE: A mortgage used to finance a residential property, such as a house or condo.
REFINANCE/EQUITY TAKE-OUT: Replacing an existing mortgage, or accessing equity through a Home Line of Credit or Second Mortgage. This is often done for better terms, rates, or to obtain funds for renovations, investments, or paying off high interest loans.
RENEWAL: This happens when the mortgage term is ending. There's options, such as renewing with your current lender, switching to another lender, or paying off the mortgage entirely.
SWITCH/TRANSFER: Moving your existing mortgage to another lender. This can be done when your mortgage is renewing OR during the term for a better rate, improved mortgage terms, or better customer service.
Danny Bell, AMP
Mortgage Broker | Lic.#m13001996
C. 289-200-9061
T. 905-426-4200
W. www.strictly-business.ca
The Mortgage Centre
Durhammortgage.com Ltd. | Est. 1993
Reg. #10231
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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