Greenwood Estates and Mortgage Co.

Description

As an independent mortgage broker my focus is on my client. Each individual has their own special circumstances and requires a personalized approach to obtaining the most suitable mortgage financing available. With many years of experience in the financial services sector, my approach has always been "there is no deal that can't be done". I look forward to working with you!.

CMHC offers you a wealth of housing information and tools to assist you in making informed homeownership and financing decisions. Visit www.cmhc.ca to access mortgage calculators that can help you to assess what you can afford, compare financing scenarios and evaluate your monthly household expenses. CMHC is Canada’s national housing agency.

Why The Lowest Rate Is Not Always the Best Rate Why The Lowest Rate Is Not Always the Best Rate Every mortgage broker and lender posts their best mortgage rates on their website, their ads, and it's plastered on their walls. If they could tattoo it on your head they would. But, what most Canadians often learn too late is that the lowest rate often comes with clauses and "strings attached" that can have a drastic impact on your finances down the road. "Always read the fine print" might be a cliche, but it's well known for a reason; that's where the nasty surprises are usually waiting. In the case of mortgages, the fine print often revolves around: - Complex locking clauses for variable mortgages - Shorter amortization - High penalties for breaking the mortgage - Unexpected fees or payments - Exclusion of pre-payment options - Strict limitations on the portability of the mortgage If you accept the lender's best rate without first considering the harsh conditions, you may regret it in the future.

At Greenwood Estates and Mortgage Company, Mission, BC, we represent dozens of lenders and loan programs across Canada. With our experience in banking and finance we can help you find the best rates for your needs. Many years working in the banking and finance industry has given us a great network of contacts that we can use to find the best product for you. Mortgages, business loans, refinancing, credit lines and debt consolidation are our business.

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