Working with a mortgage agent instead of one lender
A bank can only offer you its own products. As a licensed agent with Mortgage Architects, Vincent can submit your file to banks, credit unions, monoline lenders and alternative lenders, then compare what comes back on more than just rate.
On most residential deals the lender pays the brokerage, so there is no fee to the borrower. Where a file does carry a fee - some private or alternative arrangements - it is disclosed in writing before you commit to anything.
What Mississauga buyers and homeowners usually need
Pre-approval before shopping
A rate hold and a realistic budget so your offer is credible in a competitive Peel market.
Condo financing
Square One, Port Credit and Erin Mills condos come with status certificates and lender condo rules to work through.
Refinancing
Using equity in a Mississauga home for renovations, a consolidation or a second property.
Renewals
Comparing your current lender's renewal letter against what other lenders would offer.
Self-employed income
Common across Mississauga's small-business community and handled differently by each lender.
Rental and investment units
Down payment, rental income treatment and qualification rules for a second property.
Costs that are specific to buying in Mississauga
Buyers in Mississauga pay the Ontario land transfer tax on closing. Unlike a purchase inside the City of Toronto, there is no additional municipal land transfer tax in Mississauga - a real difference in cash needed on closing day when you are comparing neighbourhoods across the border at Etobicoke.
Budget as well for legal fees, title insurance, a possible appraisal, and property tax or utility adjustments. Those closing costs are separate from your down payment, and lenders expect to see them covered.
Serving Mississauga and the surrounding GTA
Vincent is based in Mississauga and most of his clients are here or nearby - Toronto, Brampton, Oakville, Milton, Etobicoke, Burlington and Vaughan. There is no branch to visit: applications, documents and signatures all happen securely online, with calls scheduled around your day.
Next step
The online application takes about five minutes. Once it is in, we book a short call to go over your goals, your timeline and the options that actually fit.