Peterborough Home Loans

How to find the best Peterborough Home Loans

There are many different kinds of Home Loans available to consumers. A checklist can be of great use to anyone that is looking to borrow money from banks and financial institutions so that you can figure out which one is best for your particular set of circumstances.

The first step is to figure out what kind of loan you are looking for and the type of loan that you need. This depends on what you are planning on doing with the loan. The loan could be for:

  • Existing mortgages, refinancing
  • Debt consolidation
  • Releasing equity
  • To buy a property to invest in
  • To build your dream home
  • Upgrading or renovating it with a touch of grandeur for long lasting appeal

Filtering process

Every lender has different criteria that they use to approve you for a home loan depending on what the loan is for. They also have different mortgage and loan products depending on what you want to do. For instance, in Peterborough home loans have been approved for people wanting to build their home from the ground up. There are lenders that specialize in these kinds of loans.

A mortgage broker will help you navigate the different options so that you can find the best home loan for your circumstances. However, before you sign any paperwork or agreements always make sure that you:

Read the terms and conditions

Your mortgage broker will review the terms and conditions of any mortgage or loan that they recommend with you so that you clearly understand every clause in the agreement. If you cannot understand the terms of the loan that you are being recommended, then don’t sign. Your mortgage broker will help you through this minefield. Finding the right Peterborough home loans provider, can take a bit of time, but it is completely worth it so that you can find the right lender for your set of circumstances.

Make sure that you understand the rate and frequency of payments/

  • The overall terms of the loan and the amount that must be paid back, including interest rate and frequency of payment
  • Whether the property taxes are included or excluded in the payments

Compare Rates

When you do the comparison of rates, check to see what rate the lender is offering you, whether it is fixed or variable, or what the term of the loan is. You should also check the amortization of the loan. Some lenders will go as high as 35 years amortization. There are options which include variable interest or fixed interest rates.

If you are looking for a construction loan, typically the lender will provide the funds to you at different stages as you complete the building project that you are working on.

Typically, people who choose a fixed rate of interest are a little more risk averse. However, in Peterborough home loans come in all shapes and sizes and with the right direction, you should be able to find a mortgage home loan that is right for you.

WHAT PEOPLE ARE SAYING…

  • “I can’t say enough how great your company has been. Matthew, thank you so much for making all of this process so easy for us. Our bank would not help us and you were amazing. Your company kept us informed every step of the way, and not once were we made to feel inferior like our bank did. The lawyers you set us up with were also awesome. I will highly recommend your company to anyone looking for mortgages. Thank you so much for getting creditors off or back and setting us on the right track. You guys are all amazing. I’m also so impressed that you came to us do to everything.”

    KKP, HAMILTON
  • “I just want to say ‘thank you’ to all of you, especially Matthew. The financial stress started affecting my health and my life. I could not sleep or focus at work. Now Expert Mortgage has given me control on my life by connecting me to a great lender. I have gone from being full of stress to being stress-free.”

    M.D, Mississauga, ON
  • “The bank would not lend money on our farm unless we showed them financial statements. Since my husband passed away, my son and I were struggling to keep the farm afloat. We just needed more time. The third mortgage you got us was the miracle we needed. You believed in us and we are so grateful. Thank you.”

    S.E. Orono, ON
  • “My pig farm always made good profit but last year was brutal for the whole industry. I fell behind on my mortgage. I showed FCC that my loss was just a temporary blip and asked them to give me some leeway but they started a foreclosure anyway. Thanks for getting me that private loan to buy me some time until I’m profitable again.”

    K.O., Hawkesbury, ON
  • “My ex-wife’s lawyer gave me 30 days to buy out her half of our house or have it put up for sale. I had no job and I was in bankruptcy. My bank manager laughed at me. I thought it was hopeless until I saw your flyer. I don’t know how you qualified me for the mortgage. You’re a miracle worker. Thank you!”

    J.R. Burlington, ON
  • “We were 6 months behind on our mortgage and the Sheriff was coming in 5 days to lock us out of our home. Every other mortgage broker said NO! I can’t believe you were able to get us a second mortgage that fast. You saved our home and I will refer everyone I know to you.”

    C.C., Oshawa, ON
  • “The bank refused to value my property based on all 211 acres. They said that their ‘rules’ limited it to 5 acres. Personally, I think that’s biased against farmers. I didn’t know that you had lenders who would value my property on all the acres. I finally got a large enough loan to tie all my debt into one payment. Thanks!”

    C.R., New Dundee, ON
  • “Every time I’d walk into a bank and say the word ‘farm’ the suit on the other side of the desk would look at me like I was from another planet! They had one agricultural ‘specialist’ for the area that was not much better. Then I went to 4 mortgage brokers before I stumbled on your company. Your rates were lower than the bank.”

    M.D., Bradford, ON
  • “Our credit was destroyed after we had a bad year. We needed to expand our facility. I explained to the bank that the expansion would make us profitable. I proved it on paper. They still declined us. I never heard of your ‘no questions asked’ private loans but you gave me $500,000 with no paperwork. That was a Godsend. My wife and I appreciate it from the bottom of our hearts and we won’t let you down.”

    R.Q., Woodville, ON
  • “Once again, a big thank you for arranging our new mortgage and being able to arrange for additional funds on closing. Matthew has worked hard for me over the last few years… I have a very high level of trust in Matthew and Expert Mortgage, and will surely recommend you to anyone I know who is in need. Thank You.”

    M.Z. Brantford, ON