Buying A HomeA Wide Variety of Mortgage & Financing Solutions
We know that different people need different things in a mortgage. We offer homebuyers access to rate information and mortgage options from a wide range of lenders, including most of the major banks and lending institutions. We have an outstanding range of mortgages and lenders available to help you build a mortgage blueprint that fits your financial future.
Tapping Into Home EquitySometimes the House of Your Dreams is the one You're Already Living in.
Congratulations on your maturing mortgage! Now is a great time to look at the many innovative options and competitive rates available. The mortgage environment is always changing – if you’re in the last year of your mortgage, it’s not too early to talk to a Mortgage Professional about what the next few months will bring.
When a term is coming to a close, most banks will send a mortgage renewal notice in the mail usually one to two months prior to the term expiration. Unfortunately, the banks only tend to offer you their posted rate with very little or no discount and only have one financial product to sell: their own. Almost 60 percent of people renewing their mortgage, sign this renewal without researching what the competition has to offer. At CENTUM, we’re here to offer you advice so you can take advantage of the competitive mortgage market.
Renewing Your MortgageComing up to Renewal Time?
Maybe it just needs some new landscaping, an extra wing for your growing family, an expanded kitchen, or a swimming pool in the backyard! A record number of Canadians have taken advantage of the historic low mortgage rates and rising real estate values and have tapped into their home equity. There’s never been a better time to access the extra funds that can help bring your home to that next level of comfort. Consider accessing the cash you need for the improvements you’ve been dreaming about!
Refinancing Your Mortgage or Debt ConsolidationThere's Good Debt and Bad Debt
Mortgages generally qualify as good debt; they are usually available at the lowest possible rates, represent a good investment in a (generally) appreciating asset, and make home ownership possible. Bad debt saddles you with high interest rates – often on depreciating assets. High credit card debt is one of the worst kinds of debt and afflicts most Canadians at some point in their lives. But if you have equity in your home, then you have an opportunity to turn bad debt to good debt – by refinancing and rolling high-interest debt into your mortgage for big interest savings. One of our Mortgage Professionals can talk to you about refinancing at any time.
Manage all of Your Debts Often a new mortgage may be the best way to manage all of your debts. Moving your high-interest debt into a lower-rate mortgage is a great way to save on your overall interest costs, improve your cash flow, and begin the process of improving your credit rating. It’s great news that the right mortgage can help establish your reputation for credit-worthiness.