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Canadian Mortgages can be tailored to suit your unique financial situation

These are new times we're living in... especially when it comes to tailoring a Canadian Mortgage to suit your unique financial needs. The day of simply walking into your local bank and signing whatever mortgage document the loans officer stuck in front of you is officially over. Mortgage brokers were already putting a silver stake into the blood-sucking banks, but the Internet proved to be the silver bullet that finally slew the banking beast.

How? Consumers like you are now armed with a vast array of online information that puts you in the driver's seat when it comes to negotiating your Canadian mortgage. With a little time, and even less money, you can obtain your personal credit history with FICO Beacon score, research various interest rates and features, and review your financial needs more fully. Assisted by an independant mortgage broker, your good credit history can force a number of banks, trust companies and credit unions to come up with their best Canadian Mortgage offer. 

Canadian Mortgages come in all sizes -- make the lenders compete for your business … even if your credit history is bad

But what if you've had some credit problems in the past. First get a copy of your Canadian credit report (plus one for your spouse as well) to uncover exactly what potential lenders are going to see. If there are any mistakes (and mistakes DO happen), now is your best time to correct the misinformation, before it goes out with errors to anyone bidding on your mortgage business. (See some our Advice Pages for more information about your Canadian credit rights).

Then be honest with your mortgage broker. It's likely he or she will actually have lenders happy to work with you, even if you've had, or are having, some financial difficulties. You'd be surprised what a motivated professional mortgage broker can do with almost any fiscal situation.

The bottom line: Arm yourself with as much financial information as possible, then add a negotiating ‘agent’ like a mortgage broker to tailor a Canadian Mortgage custom-made to suit you. It's your money … don't give away any more than you have to the banks.

Don't need a mortgage? Consider a Home Equity Loan up to $15,000 for house renovations, debt consolidation or unexpected bills

But what if you already have a mortgage but need just a little bit more money? Get a home equity loan from Citifinancial Canada (up to $15,000) based on the ownership of your house. You can apply online in just four steps and a few minutes of your time. Approval happens quickly. So consider a home equity loan rather than a second mortgage if you need from $2,000 to $15,000.

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We recommend these Canadian Mortgage Brokers

VERICO - Independant Brokers find Low Mortgage Rates and more VERICO Brokers have access to over 40 financial institutions they can shop to ensure you get the best available mortgage - and the best available mortgage rate. From residential to commercial and recreational real estate your VERICO Broker can help you make the right decisions on financing by providing you with a wide range of alternatives. Whether you're buying a home, renewing your mortgage, or thinking about refinancing to renovate, invest or even consolidate your debts - Trust The VERICO Experts

CITIFINANCIAL.CA - Home Equity Loans for Canadian Homeowners. Own a home in Canada? You may qualify for a home equity loan up to $15,000 from Citifinancial Canada. Apply online in just a few minutes. Fast approvals. Take advantage of the equity in your house.

We recommend these Related Products and Services

EQUIFAX.CA - Get Your Beacon Credit Score Before You Apply for Mortgage or Loan. Before applying for a loan or mortgage, the most critical number you need to know is your Canadian Beacon FICO credit score. It's the number your bank uses to evaluate your credit-worthiness before approving your loan or mortgage application. Get your FICO credit score from Equifax Canada instantly online.

	PRIVATEFORSALE.com The official commission-free multiple listing service for private home sellers allows you to advertise your home anywhere in North America. Saves you thousands in realty fees.
	LAWDEPOT.com Online questionnaires take only a minute to complete. Within seconds, you receive your completed, customized legal documents and contracts by e-mail. Why pay a lawyer when you can do it yourself almost free.

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