Why renew your mortgage with us?
Refinance Your Mortgage with Us: Unveiling the Benefits As your mortgage term comes to an end, you might be considering refinancing your loan. Refinancing can
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Reliable Sustainable Provider
mortgage is a great opportunity for you
Calculate your Mortgage
Reliable Sustainable Provider
mortgage is a great opportunity for you
Calculate your Mortgage
- My Job
Shirin Teimoory
As a service-focused, home financing specialist, I have the experience and expertise to provide you with sound advice. I am ready to advise you from start to finish on:
* Applying for a pre-approved mortgage
* Financing your first or next home and any renovations
* Transferring your mortgage to BMO Bank of Montreal
* Refinancing a mortgage loan or tapping into the equity in your
current home
* Or any other home financing matter
With access to competitive borrowing solutions, I can help you understand your options and find the right solution to suit your unique needs.
90 %
Customer Worldwide
20 %
Years Of Experience
Mortgage
Whether you’re buying your first house, purchasing a second property, or refinancing your mortgage, I am here to assist you in moving closer to your dreams as a knowledgeable Mortgage Specialist by:
- Excellent mortgage rates with a 130-day mortgage rate guarantee – the longest of any major bank in Canada
- Options for quicker mortgage payments to help you pay it off more quickly
Mortgaages
Choose the appropriate mortgage
fixed mortgage Rates
Variable mortgage rate
Mortgage + line of credit
open and closed mortgages
fixed mortgage Rates
fixed mortgage Rates
Your rate remains the same for your whole mortgage term.
The reasons for choosing it:
- You can protect yourself from rising rates
- While you’re house-hunting, you can lock-in your pre-approval rate for 130 days
with accelerated payment options you can become mortgage-free faster
Variable mortgage rate
Variable mortgage rate
Your mortgage rate changes with the prime rate.
The reasons for choosing it:
- You can pay off your mortgage quicker in case the prime rate falls
- You can change it to a fixed rate while your term
- You can become mortgage-free speedier with quickened installment alternatives
Mortgage + line of credit
Mortgage + line of credit
As you pay down your mortgage you can automatically increase your line of credit.
The reasons for choosing it:
- Easy access the equity in your home to spend on renovations, repairs, major purchases and more.
- Its flexibility to choose a fixed or variable rate mortgage option.
open and closed mortgages
open and closed mortgages
There are two types of mortgages: open and closed, depending on whether you choose a fixed or variable rate. The primary distinction in this case relates to prepayments, or any payments made in advance of your regular payment schedule. You have the option to pay off your mortgage early in full or in part, but be aware that there might be penalties. What you should know is as follows.
- With an open fixed-rate mortgage, there are no penalties for early repayments.
- Closed fixed-rate mortgage: There will be a prepayment penalty if you refinance, re-negotiate, or pay off your mortgage earlier than the term
- Open variable-rate mortgage: No penalties apply if you pay off your loan early
- Closed variable-rate mortgage: You are unable to refinance, renegotiate, or pay off your mortgage early. Furthermore, the pre-payment charge amount would be equivalent to three months’ interest.
Which is better, a variable rate or fixed rate mortgage?
picking a mortgage type is a long-term commitment with many different factors to take into account. Actually, and no single choice is superior for every individual.
Firstly, what is your outlook for the economy right now? A fixed-rate mortgage may be the best option if you anticipate rates to rise. However, you will only be able to benefit from a rate reduction if you have a variable-rate mortgage.
Purchasers can benefit from declining interest rates with the help of a variable-rate mortgage. However, they also have to deal with a level of uncertainty that people who own fixed-rate mortgages do not.
Fixed and variable rate mortgages both have their preferences
- A variable rate mortgage gives you more adaptability and in case rates drop you’ll pay off your home quicker. Also, you’ll be able change over to a longer fixed rate mortgage at any time during your term if you need, of course you may have to pay a fee for that.
- A fixed rate contract ensures you in case rates rise, so you’ll know precisely how much of your contract you’ll pay off over your term
Get Mortgage Quote
The type of mortgage you choose will impact how much interest you pay, both in the short term and the long term, and how your payments are structured. Plus, there’s a variety of factors to consider, from your unique financial situation to the current
economic climate. Luckily, you don’t have to decide on your own. I am here to help you break down the major differences between fixed and variable-rate mortgages and help you discover which choice is right for you.
Get Mortgage Quote
The type of mortgage you choose will impact how much interest you pay, both in the short term and the long term, and how your payments are structured. Plus, there’s a variety of factors to consider, from your unique financial situation to the current economic climate. Luckily, you don’t have to decide on your own. I am here to help you break down the major differences between fixed and variable-rate mortgages and help you discover which choice is right for you.
WHY CHOOSE US
Among Them We’re
What are the necessary documents for all types of mortgages?
The specific documents required for a mortgage can vary based on factors such as the type of mortgage, the lender’s requirements, and the borrower’s financial
What are the terms of mortgage repayment?
Mortgage repayment terms can vary based on the specific terms of the loan agreement between the borrower and the lender. However, some common elements of
- FAQ
What does a mortgage specialist do?
A mortgage specialist is a financial professional who helps individuals and businesses secure mortgage loans to purchase real estate. Their responsibilities typically include:
Mortgage specialists review clients’ financial information, such as income, credit history, and existing debts, to determine their borrowing capacity.
– They analyze clients’ financial goals and preferences to recommend suitable mortgage products.
Mortgage specialists explain the various types of mortgages available, such as fixed-rate, adjustable-rate, FHA, VA, and jumbo loans.
– They help clients understand the differences in interest rates, repayment terms, and other features of each mortgage option.
Mortgage specialists guide clients through the application process, ensuring that they complete all required forms accurately and thoroughly.
– They help clients gather essential documents, such as pay stubs, tax returns, bank statements, and other financial records needed for the application.
Mortgage specialists act as intermediaries between clients and lenders, advocating for favorable terms and conditions.
They negotiate interest rates, loan origination fees, and other costs to secure the best possible deal for their clients.
Mortgage specialists explain the steps involved in the mortgage approval process, including credit checks to assess creditworthiness, property appraisals to determine its value, and underwriting to evaluate the loan application.
– They help clients prepare for potential hurdles in the approval process and provide guidance on how to address any issues that may arise.
Mortgage specialists keep clients updated on the progress of their applications, ensuring transparency and clear communication.
– They address any questions or concerns that clients may have and provide support until the mortgage is successfully approved and closed.
What do you want to do?
Buy a Home
Whether you are looking to purchase your first home, a property for investment or a property for vacation, we have all the information you need..
Switch your mortgage
Discover how transferring your mortgage can help you get a better rate and become mortgagefree faster. It’s easier than you might think!
Renew or refinance your mortgage
With us, you can renew your existing mortgage or access the equity in your home..
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News & Blog
Featured News And Insights
- September 22, 2024
Obtaining a mortgage is a crucial step in the journey to homeownership. It involves navigating through various processes, understanding financial aspects, and making informed decisions. This guide aims to provide a comprehensive overview of the steps involved in securing a mortgage.
- September 16, 2024
Getting a mortgage is a significant financial decision that requires careful consideration and planning. Here are key points to follow when seeking a mortgage:
- September 18, 2024
A mortgage is a financial arrangement that enables individuals to purchase real estate by borrowing money from a lender. While obtaining a mortgage is a common pathway to homeownership, it comes with both advantages and disadvantages. This essay will explore the pros and cons of getting a mortgage.
What Means Your Mortgage And 5 Ways To Improve
Shirin Teimoory
There is no one-size-fits-all mortgage. Understanding every option available to you, including fixed rate, variable rate, and others, is essential to selecting the one that’s best for you and your particular circumstances. Shirin Teimoory a BMO mortgage expert is here to assist you in selecting the best option for your needs, your lifestyle, and the state of the market.
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