Shopping for a mortgage might be a bit more difficult this fall with CMCH regulations becoming more strict this summer, it’s become harder to obtain mortgage pre-approval. Fall is the perfect time to consider purchasing your new home. As many people continue to work from home, buying a home in the suburbs is becoming increasingly popular. If you are looking for a mortgage broker in Burlington, Ontario, look to HW Advantage! The best mortgage broker in Oakville will educate you on how updated CMCH regulations and your credit score will impact your chances of obtaining mortgage pre-approval. If you have poor credit, you might be looking for a high risk mortgage in Burlington. Buying a home with only a small downpayment can also qualify as a high risk mortgage. HW Advantage will assist you in purchasing your home from beginning to end while ensuring you have the best mortgage rates in Burlington.
Self-Employed Mortgage – What You Need to Know
If you own your own business or are self-employed, you will face additional challenges when applying for a self-employed mortgage. Proof of income is a notable factor when seeking mortgage pre-approval or private lending options. If you go down the route of private lending, private mortgage lenders may be more likely to accept risks associated with a self-employed mortgage. Private lenders may also be more inclined to welcome other forms of proof of income. A mortgage broker in Burlington can help you decide on your best course of action and ensure you receive the most favourable self-employed mortgage rates. Schedule an appointment with the best mortgage broker in Oakville if you are interested in discussing your options.
The Benefits of Acquiring a 2nd Mortgage
If you are shopping for a 2nd mortgage, be sure to reach out to HW Advantage so we can take you through the process and help you determine whether or not you are eligible. A 2nd mortgage can be beneficial for a lot of different reasons. Financing a major house renovation, going back to school, or consolidating your credit card debt are all reasons to apply for a 2nd mortgage. It is best to contact a mortgage broker in Burlington to discuss the pros and cons of obtaining a 2nd mortgage, to determine whether or not this is the best option for your situation.
Looking for the Best Mortgage Broker in Oakville? – HW Advantage
HW Advantage takes pride in being a referral-based business and is one of the best mortgage brokers in Oakville. Call us to discuss all of your mortgage options and allow us to assist you with finding the best mortgage rates in Oakville and Burlington. Call 905-542-6961 or submit the form here and let us aid you with shopping for a mortgage.