Category: Mortgages

A Great Mortgage Broker ALWAYS Puts The Customer First.

Whether you are applying for a mortgage on the purchase of a new property or are looking to refinance your existing property, working with a reputable and experienced mortgage broker can help you get approved for the right mortgage to fit your personal and family needs. Having a great mortgage broker or mortgage agent working for you can make the difference between getting approved at the best possible mortgage rate, getting approved at a higher rate than you could qualify for, or in the worst case scenario not getting approved at all.

Maxium always put his customers needs first and do whatever it takes to ensure that you, our valued customer, will receive the best service in the industry. He is in your team, shopping around and fighting to get you approved for the best possible mortgage rate and terms that you can qualify for.

Mortgage Brokers Provide More Options And Easier Approvals Than The Banks

The right mortgage broker or agent will be able to help you with all of your real estate financing and refinancing needs. With today’s tough mortgage regulations, many Canadians are finding it next to impossible to get approved for a mortgage through their banks. Mortgage Broker will shop around with many different lenders, including traditional banks, to help ensure that you get approved for the best possible mortgage solution.

Why Do I Need A Mortgage Broker And What Can They Help Me With?

Maxium specializes in each of the following scenarios:

New Home Purchase Mortgage
Residential and Commercial Mortgage
Home Refinancing
Commercial Property Refinancing
2nd Mortgage
3rd Mortgage
Bad Credit Mortgage
Turned Away By The Bank Mortgage
Self Employed Mortgage
Home Renovation Loans
Private Mortgage
Stop Power Of Sale
Debt Consolidation Loans
Home Equity Loans
Construction Loans
Land Purchase Financing
Bridge Loans
Short-Term Mortgages
And more

If you would like honest, non-biased advice and guidance about your mortgage and home or commercial financing needs, an experienced licenced mortgage broker is the best person to consult with.

Call or text Maxium today at 437-353-9977 or email us at info@maxiumdsouza.ca for a Free No-Obligation mortgage consultation.

It’s a dream to be able to pay off your mortgage early, but is there a downside? While it sounds like a great idea, there are some factors to consider before doing so. This article will explore some of the reasons you may want to hold off on that final payoff amount.

Other Debts

If you have various other debts (credit cards, auto loans, etc.) it’s a good idea to pay those off before the mortgage. Why? Well, credit cards usually have astronomical interest rates so that outstanding balance will only grow if you choose to put all your money towards your mortgage.

That extra interest on your credit card or auto loan isn’t tax deductible, which leads to the next point.

Check for Penalties

Some mortgages come with a prepayment penalty. If you’re thinking about paying yours off early, then check the fine print to see if it applies, and also run the numbers to see if early payoff makes sense.

Fund Your Retirement Plan

Before you go paying the mortgage off, consider funding your retirement plan. If you don’t have one already, it may be a good idea to set one up as they are tax advantageous.

Once you get a good handle on your retirement plan, paying off the mortgage might be next on your list. A good-sized nest egg and a home that’s mortgage-free sounds like a great way to start off retirement.

Consider the Side Effects

When deciding to pay off the mortgage, there seems like no downside but there are various things to consider. Will making additional payments put a strain on your savings? How about your emergency fund?

It’s essential to consider your overall financial health when making such a big decision. Although being mortgage-free would be a fabulous feeling, you don’t want to do it at the detriment of your cash flow.

Pull the Trigger

After reviewing all your financial information and deciding what’s best for your situation, be confident in your decision and follow through. It’s a great feeling to be mortgage-free or on your way there. The bottom line is that you need to do what makes you comfortable for your family.