At CMB, our mission is to ensure that our clients get the best mortgage rates based on your income and needs. We can proudly boast that we offer the best customer service and rates if you choose to work with us. Our services include commercial and residential mortgages as well as mortgage refinancing second, and private mortgages.
We understand that taking the first steps towards being a property owner can be intimidating. This is why we are here to help. As experienced professionals, we will take care of the hard part of getting a mortgage, negotiating with the lender, to get the best interest rates and conditions.
We are committed to ensuring that our clients get honest and unbiased advice about the mortgages that they are looking for. We have relationships with lenders, credit agencies, A lenders such as banks and real estate lawyers to help facilitate the process of getting a mortgage. We pride ourselves on being an independent brokerage with branches all over the country.
We offer our recommendations and options with your interest in mind. Whether it is a guaranteed fixed rate you are looking for, or a short term mortgage, we are at your service.
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For the benefit of our clients, we have compiled some basic facts that you need to know about mortgages.
A mortgage is a long-term loan that you take out when you buy property. You pay off the loan in regular increments over a certain period of time, which is known as the amortization term. An amortization term can be as long as twenty-five to thirty years.
This is the term of your mortgage agreement and is also how long your interest rate will remain in effect. Since you will likely not have paid off the full amount at the end of the mortgage term, you will have to renegotiate with your lender for a new agreement or look for another lender who will renew the mortgage. You can take this opportunity to look for a mortgage with better terms, i.e. lower interest rates.
This is the percentage of the mortgage that you will have to pay up front in order to secure it. For instance, if you get a mortgage worth $300,000 and the minimum down payment is 5%, then you will have to pay $15,000. You can choose to make down payments that are higher than the minimum in order to reduce the interest you will pay later on. If you choose to make a down payment that 20% or more of the price, you won’t have to shoulder mortgage default insurance, which can be a significant expense in addition to debt payments.
I would just like to thank Certified Mortgage Broker Toronto on behalf of me and my husband. Everything worked out perfectly and we got an excellent rate. We picked up our keys and everything is great. Could not recommend them enough. Excellent service and excellent team. Thank you.
I don't usually write reviews, but with CMBT I felt obliged to. Absolutely AMAZING service, I never chased these guys and they were always very clear with my options. They went above and beyond to find me the best rates and were very clear and understanding. They explained everything and made the whole process easy, I really could not recommend these guys enough.
Great guys and great service. The whole process was quick and done very professionally. They had the best rates we could find and were very helpful with explaining the whole process and all our options. Will absolutely be using them again.
After my first bad run in with mortgage brokers I had a coworker refer these guys to me, and I can honestly say this was a quick, easy and all around great experience. Being a first time home buyer I was kind of worried I was getting in over my head, but the team At CMBT was very understanding. They walked me through the whole process and answered all of my questions. They found the best rates and we went over them together. These guys are honestly a pleasure to work with and I would absolutely recommend you check them out if your looking for a high quality mortgage broker service.