Choosing The Right Mortgage

Determining the right mortgage rate type, term, and conditions for a mortgage is essential for securing the best possible deal that will be appropriate and most beneficial for your needs, financial situation, plans and goals. 

When we work for our clients, we follow a detailed and systematic approach to complete a thorough financial, home and mortgage needs analysis. This approach guides our clients to accurately identify their needs, preferences and requirements, and provides them with all options and solutions for consideration. This allows our clients to gain full insight and comprehensive knowledge necessary to allow you to make the best informed decision that will benefit you the most.

 

Understand Your Financial Situation

Many people find reviewing their financing daunting.  We make the process easy, informative and exciting.  Together we’ll complete your full financial analysis, including helping you create a monthly budget that includes your monthly income and expenses. This will help you determine how much you can afford to spend on mortgage payments, and also will help guide you in setting your long term financial success goals. 

 

Determine your Real Estate Home Needs

Access your all-in-one source to learn all you need to know about making smart real estate home investments.

If you are a first time home buyer, you’ll get up to date information on all the first time home buyer benefits and products available.

Enjoy a crash course in Home Buying 101 and Home Ownership 101. 

A smart buyer is and educated buyers. We’ll provide you with real estate  insights, market knowledge and the needed exposure – working with an experienced professional to represent and guide  you is a key aspect of having great success in your home buying and home ownership journey.  

If you are an experienced buyer and have a home to sell, or have equity that you need to access to make your next real estate investment, we will assess and review all your options and create a custom plan to ensure your greatest success.

Not only is your Broker Adriaan Driessen a top rated veteran mortgage broker, he is also an experience Realtor that specializes in real estate trading and financing.

During the process of discovering your home needs we will review: Ownership and use, Investment period, Type of Real Estate, Location, Market Timing, Title Options, Freehold vs Condo, Single vs Multi-Unit, Resale vs New Build, Design Style, Bedrooms, Bathrooms, Condition eg. Move in ready vs Fixer-upper, Age, Price, Zoning, Area, Neighbourhoods, Cities, Counties, Real Estate Markets, Mortgage Markets, Statistics and Economic outlooks.

As your home is one of the largest financial investments you will make in your life, want want to help you get it done with perfection.

On top of that, we will get you connected with all the right and pertinent home ownership and landlord resources to make your life easier.

 

Determine your Mortgage Needs

Your financial decisions are only as good as the knowledge you have attainted. Our goals is to make this a fun and exciting learning experience so you will attain all you need to know about mortgages, and to be empowered to choose and secure the right mortgage financing product with the best terms and conditions, and get the lowest rates.

Discover how mortgages are classified, how mortgages are registered, and how that impacts you and your lending options..

Understand Downpayment options, sources, requirements and  impact on your loan. We will also help you identify your downpayment sources to ensure it’s usable for your specific purchase. Currently in Canada the minimum down payment for a principal residence purchase is 5% for a purchase up to $500,000.  10% For funds above $500,000 and for a purchase price up to $1.5million. 20% is required for primary residence homes over $1.5 million. 20% is required for all rental properties. 

Get familiarized with rate types such as Fixed vs Variable, and other important aspects such as Term Length, Open vs Closed, Prepayment Penalties, Prepayment Privileges, Amortization, Portability, Assumability, and other pertinent mortgage conditions. Get to know the different Payment Frequencies and the pros and cons of each. Review Property Taxes and the options to roll it in with the mortgage and have the lender remit taxes on your behalf. 

During the process of discovering your real estate and mortgage needs we will review and consider everything you need to know to be able to make the best investment decision, get the right mortgage options, most beneficial term, best deals and lowest rates.

We will also discuss process of buying (and selling), closing, the cost of completing your transactions, and the cost of ownership.  

As your home is one of the largest financial investments you will make in your life, we will also review projected future returns and equity growth to help you achieve greatest success with your real assets and finances.

 

Contact us today to help and guide you in to making your  Real Estate Dreams a Reality!