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  • Writer's pictureCANDIS NOBLE; Luxury Real Estate Broker | Interior Designer

Mortgages. Banks, and Rates... Oh My!

NOBLE & HOME's newest series "Mortgage Matters"; Removing the mystery from the mortgage experience.



As a real estate broker, I am regularly asked about mortgages. Guiding my buyers to the right mortgage professionals ensures smooth transactions for all! And while I am certainly not a mortgage broker, advisor or specialist; I am able to assist my clients by pointing them, and you in the right direction!


More often than not, my clients ask to be referred to a mortgage broker or mortgage advisor; someone whom I've worked with and whom I would recommend.


And it is my pleasure to help! So do feel free to reach out. I will be pleased to provide you with professional referrals to (3) three mortgage advisors and brokers I work with regularly and recommend highly.


Obtaining a mortgage is a major financial decision; one where it is important to explore all of your options before making that commitment. While your personal bank or caisse populaire may seem like the most convenient option, it's worth taking the time to research other lenders as well. By doing so, you can ensure that you're getting the best possible deal and a mortgage that meets your needs.


When you're shopping around for a mortgage, there are a few different sources you may choose to consider. Traditional financial institutions like banks, trust companies, credit unions, and caisses populaires often offer competitive rates and a variety of interesting mortgage options. Certain life insurance companies may also offer mortgages as well.


Finance companies may offer different terms and rates than more traditional lenders, but it should be noted that they may not always be as competitive. Mortgage brokers, on the other hand, are able to offer mortgages from a range of lenders and may be able to secure very attractive rates. However, it's important to note that brokers typically only work with a few lenders, so they may not be able to provide access to the entire market.


In some cases, the seller of a home may be willing to offer you a mortgage directly, accepting payments over time instead of the full purchase price upfront. While this type of mortgage is less common than those offered by financial institutions, it's worth considering. Just be sure to get independent legal advice and fully understand the conditions of the loan before proceeding.


Finally, family and friends may be able to offer you a loan secured by a mortgage. This can be a helpful option in some cases.


When you're comparing different mortgage options,

it's important to look at all of the terms of the agreement, not merely the interest rate.


A mortgage is a significant financial and legal commitment, so it's crucial to review the terms carefully and to seek independent legal advice. Make sure that you fully understand the agreement and that it aligns with your financial circumstances and future plans. With a little research and careful consideration, you can find a mortgage that works for you.


Take your time, do your due diligence and ask question after question. You'll know when you've found the right fit. And, if you'd like to be referred to a trusted mortgage advisor or mortgage broker; reach out to me today and I"ll be pleased to learn a bit more about your specific needs and provide you with the right professional mortgage specialist. You'll soon be well on your way to obtaining that ever-coveted Pre-Approval Letter!



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