Financing Your Dreams

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Mortgage Genie is a Mortgage and Home Loan specialist based in Ontario, in Canada. The company has been in business for over 25 years, helping its clients navigate through the uncertain Ontario housing loans and refinancing market.

Mortgages and home refinance can easily be within everyone’s reach. It just needs a little knowledge about how things work, and some dedication to make your wish a reality. Here’s what you should know about how you can make your wish come true:

On Your Mark…: If you like many of our clients are looking for a better mortgage rate than the bank offers we can help.

Almost 79% of Canadians sign and return their lender’s offer at their time of renewal according to the Canadian Association of Accredited Mortgage Professionals (CAAMP). This is a mistake many people face when their mortgage term expires. Averagely, renewing with a mortgage professional pay can save you. 50%.

For the average Canadian, that can equate to almost $5,000 over 5 years!

Check out our Mortgage Rates:

In order to ensure you do save on refinancing your mortgage, you should:

  • Not wait until the last minute before starting your search for refinancing options
  • Talk to your current lender about possible home loan mortgage refinance packages they offer; but also shop around for other alternate lenders
  • Look for lower interest rates, and negotiate hard to get favourable terms and conditions
  • Insist that your current lender match, and then better, the favourable terms that other lenders are offering

Get Set…: One of the first things that you need to get set about is your finances. At Mortgage Genie, we carefully review our client’s financial situations, and come up with a game plan that will help them prepare for home ownership.

Get Organized: You need to make sure that you are well prepared for your discussions with your broker/adviser. Have all your documentation – pay stubs, expense details, bank and credit card statements – ready for the meetings. You’ll need these in order to help with key decisions about your mortgage.

Tackle Debt: If you currently have a significant amount of debt, your adviser may suggest that you set up plans to deal with that situation. If you have multiple debts (Credit Cards, Line-of-Credit), you could consolidate them all into a single low monthly payment – saving you some money to put aside for your home purchase goals. Read more about debt consolidation 

Check Mortgage Affordability: The next step for you to get settled is whether you can afford the mortgage or home loan you need, in order to purchase that dream home. The mortgage affordability test will weigh your income against your monthly expenses, and will test whether that additional monthly mortgage payment will put unwanted stress on your finances.

Luckily, many mortgage advisers are able to review a client’s existing financial situation, and provide some innovative ideas for how to rework expenses and debt, so that the mortgage premiums don’t cause undue burden on your finances.

GO!…: Now that you know where you stand financially, your mortgage dealer can help you get pre-approved for the amount that you can afford to pay for your home.

Call us and receive a free home evaluation and complimentary home cleaning with your refinance.