Are You Looking for an Etobicoke Mortgage?
Etobicoke is an excellent choice
for many people who prefer to be close to Toronto without the congestion and
other issues that come from actually living in Toronto. Etobicoke provides a
very diverse living area with quick access to downtown Toronto and Scarborough
via the subway line. Residents can take advantage of the short distance to
Pearson International Airport and several major expressways, making Etobicoke
an ideal area for people who rely on vehicles for transportation, while also
providing excellent public transportation options for those who don’t.
The area has a large number of
single family residences with access to a lot of relatively large parks. The
condo movement in Toronto has also taken hold here over the last number of
years with many new units being constructed.
For most potential homebuyers,
Etobicoke is a favourable area to live because of its proximity to Toronto and
the rest of the GTA. Different neighbourhoods such as the Lakeshore area,
Central Etobicoke and the Rexdale area all provide unique benefits, cultural
experiences and characteristics for the residents who live there.
There are a number of good reasons to buy a home in
Etobicoke. Finding the right Etobicoke mortgage will ensure that you are able
to afford your home with favourable rates and terms. Renewing your existing
mortgage with a better mortgage rate makes it easier to make the mortgage
payments and can also make you mortgage-free faster.
The Right Mortgage for You
It can be surprising how a
seemingly insignificant change in mortgage rates can have a rather large impact
on mortgage payments. Lower mortgage rates allow homeowners to maximize their
housing budget by minimizing the amount of money paid in interest.
A mortgage broker is the best
way to find the lowest possible mortgage rates and the most favourable mortgage
terms. A mortgage broker improves on the traditional practice of applying for a
new mortgage, or renewing an existing mortgage, through a major bank by
introducing competition among lending institutions for the right to secure your
The top mortgage brokers have access to over 50 different
lenders. This makes it possible for strong competition to take place and may
even result in lower, unadvertised rates being offered in some cases. Mortgage
brokers are also able to find excellent financing options for traditionally
difficult mortgage cases, such as self-employed people, new immigrants,
non-residents of Canada and people with credit problems.
Finding the Best Mortgage Brokers
The best mortgage brokers will
take the time to meet with you and understand your situation. This involves
getting to know you, your financial history and your mortgage goals. This
information can be used to provide personalized advice about the benefits of fixed and variable rate mortgages
and the different types of mortgage products that are available to you
depending on your unique needs.
There are a lot of mortgage
brokers to choose from in the GTA. Choosing a mortgage broker with an AMP
(Accredited Mortgage Professional) designation from CAAMP
(Canadian Association of Accredited
Mortgage Professionals) is an excellent way to ensure that the advice and
service you receive is both professional and impartial.
If you are in the market for an Etobicoke mortgage, take
advantage of a free consultation and speak to one of the top mortgage specialists