Toronto Mortgages
We’ve Got Your Mortgage Toronto!
Why Focus on the Toronto Mortgage Market?
You have probably noticed that many mortgage agents focus on the overall Canadian market, while our site is designed specifically for Toronto mortgage borrowers. There are three reasons for this:
1. Home is where the heart is. While we are happy to service wider markets, we focus on the Toronto mortgage market because this is where we work and live. Our local knowledge comes in handy in many ways, whether it be referring top-notch local realtors and financial planners, or by knowing real estate lawyers who handle Toronto mortgages on a regular basis. Focusing on Toronto mortgage customers also allows us to meet our clients face-to-face and that’s very hard to do when you live outside the city.
Our central Yonge and St. Clair location makes it easy for people to visit our office (affectionately referred to as “World Headquarters”) using public transit or by car. When you’re in the advice business, credibility is everything and giving people the chance to meet you and hear your advice facetoface helps foster the kind of lasting trust we strive for. It may be that we are leaving some potential business on the table by only focusing on Toronto mortgages but on balance, it’s a trade-off we’re willing to make.
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2. Opportunity knocks. As a fellow Torontonian, I’m sure you’ve noticed that we have a lot of banks in our neck of the woods. As a result, many Toronto mortgage borrowers go to their local branches for mortgage advice, almost by default. Asking a bank for mortgage advice is sort of like asking a fox to look after the hen’s eggs, because their salespeople certainly aren’t given incentives to give everyone the lowest rate. Rather, their performance is measured by how effectively they help their bank increase profits (nothing unusual in that). Higher profits come from higher rates.
I don’t want to sound like a bank basher. Bank’s are vital to our business and the more of them we have, the greater the competition we can create for your business. This means more features, increased flexibility, lower rates and more aggressive lending, and the Toronto mortgage market benefits from this increased competition like no other in Canada. Given this bounty of choice, Toronto mortgage customers who seek independent mortgage advice are bound to receive the best deals going. But two out of every three of our neighbours still trust the fox. And therein lies the opportunity for Toronto mortgage agents who can demonstrate the true value of independent advice.
3. We love the challenge. The Toronto mortgage market presents a myriad of different properties and borrower types. Despite our extensive mortgage background, we still learn something new on almost every deal, and finding a customized solution for each borrower is a challenge that keeps us on our toes. We enjoy the diversity that each Toronto mortgage file brings.
If you’re scanning the market for independent mortgage advice, you’ve already taken an important first step. As you evaluate different mortgage agents, take a close look at how widely they cast their net and decide for yourself how important it is that they have a local presence and local knowledge of the Toronto mortgage market. If you decide that a local expert is the best option, contact us today and let’s get started!
The professionals at Mortgage Toronto don't believe that one mortgage fits all. They know that to serve their customers to the best of their abilities, they have to tailor the mortgage to suit their clients' needs.
You may be buying your first home, upgrading to a larger one, or buying a rental property. Mortgage Toronto will make sure you get the best plan possible.
So what are the advantages of choosing an independent mortgage agent like Mortgage Toronto? It's simple; they will get you the best financing deal by shopping around among Canada's more than 40 competitive lenders.
Buying a home is the most significant and expensive purchase most people are likely to make in their lifetimes. But most prospective homeowners don't put sufficient time or effort into researching the mortgage market to ensure they'll get the best deal.
That's where Mortgage Toronto comes in. This energetic and creative company will take care of seeking out the best financing arrangement for you. An over the course of paying off your mortgage, you can save a bundle!
And enlisting the services of an independent agent like Mortgage Toronto costs you nothing! The lender pays the agent a finders fee for getting your business. You receive expert service tailored to your needs, and you can be confident that your Mortgage Toronto agent is advocating for YOU.
The borrowing rates passed on from the lender to Mortgage Toronto can vary hourly because lenders offer frequent rate promotions. But you can be assured that your agent will be working to get you the best rates available.
That's one of the advantages of a truly independent mortgage agent. Mortgage Toronto president David Larock is a hands-on agent who will stay involved with your file as long as you remain a client.
Before you choose an independent agent, it's beneficial to ensure that the agent is truly independent and not limited to selling a product offered by a particular bank that they work for.
You'll also want to be sure the commission being received by the agent isn't tied to the deal you are getting. If their commission is reduced by getting you a better rate, can they really be acting in your best interests?
Mortgage Toronto will ensure that your mortgage plan will complement your broader financial objectives. In addition, they will communicate with you on a regular basis to guarantee you are kept informed about the current status of your file.
And because your Mortgage Toronto agents are working in your best interests, they are ideally positioned to advise you on some of the crucial decisions you'll have to make.
For example, should you go with a fixed-rate mortgage or a variable-rate one? At Mortgage Toronto, they look at the current economic conditions, considering which trends may suggest an advantage to one approach or another.
Dave Larock follows economic indicators like inflation, unemployment, and the changing value of the dollar so he can help you make the most informed decision possible. Have all your questions answered by Mortgage Toronto!
