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Mortgage Services for First Time HomebuyersThe Lowest Mortgage Rates in Burlington are Here

First time homebuyers are in a good position right now to get into the market. The lowest mortgage rates in Burlington are available, and housing prices have stabilized. Call HW Advantage to explain everything you need to know and help you through the application process. We do the comparison shopping to ensure that you get the lowest mortgage rates in Oakville, Burlington and Hamilton. 

There is Good News if You are a First Time Homebuyer

In April 2020, the Federal Government made changes to the so-called mortgage stress test, making it easier for first-time homebuyers to qualify for a mortgage. So if you were discouraged in the past or failed to qualify, you may be able to do so now. The mortgage stress test required by the Big Six Banks to help ensure that mortgagees are still able to manage their mortgage payments even if mortgage rates rise in the future. The recent changes better reflect the actual mortgage rates that are being offered in the marketplace in determining how the stress test rate is calculated. Want more information or a more complete explanation of what the mortgage stress test is and how it is used? Contact us, or check out our blog

Get the Help of a Mortgage Broker Close to Me

Applying for a mortgage can be a humbling and confusing experience. Getting help from a mortgage broker close to me is a good way to eliminate the stress and alleviate some of the burden of searching for the best mortgage rates. Do a quick internet search to find a mortgage broker close to me and then call HW Advantage for a consultation. 

Looking for a 2nd Mortgage or HELOC?

Do you know what the difference is between a 2nd mortgage and a home equity line of credit (HELOC)? The application process is similar, but they are different lending products and, for the banks that offer them, each has different rules governing the qualification process. If you are looking to renovate, consolidate debts or finance a big event in your life, talk to us about the possibility of a 2nd mortgage or HELOC. There are pros and cons to each and the right product for you depends on your financial goals. Call us and we’ll work through it together. 

Don’t Be Frightened Away by Self-Employed Mortage Rates

The number of self-employed people in Canada is increasing every year. Experts predict nearly half of Canadians will be self-employed in some capacity by the year 2030. However, self employed mortgage rates in Canada tend to be higher than they are for people who are employed. That may be due to the fact that the traditional mortgage lenders will only accept certain forms of proof of income which may not be readily available for self-employed people. Fortunately, some lenders are beginning to loosen their restrictions to be more friendly and to offer better self employed mortgage rates, even to first time homebuyers.    

Call Us to Find the Best Mortgage in Oakville, Burlington and Hamilton

Most banks and financial institutions offer online applications to apply for a mortgage, and some even offer quick approvals over the internet. However, it takes a lot of time to enter the same information over and over again on different websites, and if you don’t have a chance to negotiate, there is no guarantee that you will be offered the best mortgage in Oakville. Let HW Advantage mortgage broker in Burlington and Oakville do the shopping for you and get the best mortgage. Call us at 905-541-6961 or complete the webform to get in touch.   

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