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What to Expect from Your Mortgage Broker.
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Do you know that over 30% of Canadians now source their home loans through a mortgage broker? Why? Because it can save time and possibly money.

A mortgage broker act as an intermediary between lenders and customers who are looking to finance their home. One visit to a reputable mortgage broker will make the process much easier and could save you thousands of dollars. They look after you through the entire home loan process by providing information and documentation advice, sourcing suitable home loan choices, and submitting applications.

Brokers have access to information for all kinds of loans from banks. They don’t work for the bank and can give you the most cost-saving deal that they can find in the market. Brokers are expected to be transparent and take care of your best interests.

Here are a few advantages of using a professional mortgage broker:

Access to a wider range of products
A mortgage broker has relationships with several financial institutions that are competing to get your mortgage business. These institutions continuously compete with rate, product and service promotions, hoping to win your business. Working with a mortgage broker will provide you with access to some of the best deals and most innovative mortgage products you can obtain on the mortgage market.

Help you get the best deal possible 
Mortgage brokers shop the market for the best mortgage rate for you. They usually have access to so-called "wholesale" mortgage rates, which are significantly lower than the posted rates offered by the banks. In most cases, your mortgage broker has the ability to find the best rate on the market and still place your mortgage with the lender or bank of your choice.

Fewer complications
The many forms and other data that are required for a loan application can be quite complicated, A seasoned mortgage professional will have years of experience that will help him or her navigate the tricky loan application and avoid complications for you.

Save you time
The most valuable of all commodities, a broker can save you time and has the experience to make sure you get the best package for your individual needs.

Mortgage broker services are free
Mortgage brokers are usually paid for by the lending institution where the mortgage is placed through a so-called "finder's fee". In other words, mortgage broker services are free to you. There are cases, however, where institutions do not pay a finder's fee to the broker, in which case the broker will charge the client directly.

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With Compliments of

Michele Vyge-Fraser
Real Estate Agent/ Associate Broker/ CNE®


Red Door Realty
1314 Cathedral Lane
Chapter House
Halifax, Nova Scotia, B3H4S7
T: 902-830-6397
D: 902-830-6397
NovaScotiaRealEstate@gmail.com
www.RedDoorRealty.ca



NATIONAL MORTGAGE RATES
Term Posted
Rates*
Best
Rates*
6 Months 3.34% 3.30%
1 Year 3.59% 3.04%
2 Years 3.74% 2.89%
3 Years 3.89% 2.79%
4 Years 3.95% 2.95%
5 Years 5.34% 2.69%
7 Years 5.80% 2.99%
10 Years 6.10% 3.04%
Variable Rate 2.90%
Prime Rate ** 3.95%
*last updated: Feb 18,2020


https://www.reddoorrealty.ca

388 Robertson Road, Egerton/Merigomish, Pictou County!

Fabulous Ocean Views Property ~ a Must Sea :)

List Price $825,000

Have you been dreaming of Nova Scotia Pictou County Seaside Living less than 2 hours from the Halifax Airport? Imagine warm Northumberland Strait waters, uncrowded sandy beaches, fabulous boating, easy fishing, and a beautiful move-in ready 3-level seaside year-round home or seasonal luxury getaway with almost 360 degrees of gorgeous ocean views, deeded water access, and boat mooring! Located in an established Egerton private community, this property offers 3 great bedrooms, bathrooms on each level, vaulted ceilings great room, a private family room, and office space with excellent internet, gorgeous landscaping and gardens, sunrise, sunset, cocktails, and coffee decks, outdoor private dining gazebo, 2 car detached heated garage with workshop, cedar lined garden shed... all this and more plus the fishing boat, 2 kayaks and ride on lawn mower can be included! Bonus... Melmerby and Big Island Beaches are close by too! This area is truly one of Nova Scotia's best-kept secrets because these opportunities are rare. MLS 202314229

 

27 Kingsmere Court, Timberlea

List Price $599,000

Close to the golfing, skating, cross country skiing and walking trail amenities in Brunello Estates plus St Margaret Bay beaches and boating, this beautiful large home huge fenced in property has been family owned since 1981. And the exceptional location is on a wonderful cul-de-sac in a great Timberlea neighbourhood! Perfect for growing families, this family home is bright and cheerful and includes an eat-in kitchen, separate dining room, large living room, spacious family room, 4 bedrooms, 2 full baths, lots of storage and an attached garage. 27 Kingsmere Court is also perfectly located at the top of the circle. The home and property have been exceptionally well cared for over the years with many recent updates. Pride of ownership, great curb appeal, amazing lifestyle and a happy home. Definitely a must see! Quick closing available. MLS 202323649

Halifax Mortgage Specialist Bruce Lusby 

(902) 210-0515

http://mortgageweb.ca/BruceLusby

Halifax, Nova Scotia - updated Oct 6, 2015

Variable:

5yr @ Prime - .65% (2.05%)

HELOC @ Prime +.25% (2.95%)

Fixed:
1yr 2.29%
2yr 2.09%
3yr 2.24%
4yr 2.54%
5yr 2.54%
6yr 3.39%
7yr 3.44%
10yr 3.84%

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The material in this publication is provided for your informational purpose only and is not intended to substitute professional advice. If your property is currently listed with a Real Estate Broker, this publication is not intended as a solicitation.