What's the scoop on Mortgage Pre-Approval?

Getting a Mortgage Pre-Approval

If you are looking for a new home, be sure you are pre-approved. With a mortgage pre-approval, a licensed mortgage professional can do a more complete verification prior to sending you shopping for a home, and with that done, the dollar figure you are going shopping with is actually what you can spend.

The mortgage professional that you work with to get pre-approved will let you know for certain what you can afford based on lender and insurer criteria, and what your payments on a specific mortgage will be.

Licensed mortgage professionals can lock-in an interest rate for you for anywhere from 60 – 120 days while you shop for your perfect home. By locking in an interest rate, you are guaranteed to get a mortgage for at least that rate or better. If interest rates drop, your locked-in rate will drop as well. However, if the interest rates go up, your locked-in interest rate will not, ensuring you get the best rate throughout the mortgage pre-approval process.

In order to get pre-approved for a mortgage, a mortgage professional requires a short list of information that will allow them to determine your buying power. A mortgage professional will explain to you the benefits of shorter or longer mortgage terms, the latest programs available, which mortgage products they believe will most likely meet your needs the best, plus they will review all of the other costs involved with purchasing a home.

Getting pre-approved for a mortgage is something every potential home buyer should do before going shopping for a new home. A pre-approval will give you the confidence of knowing that financing is available, and it can put you in a very positive negotiation position against other home buyers who aren’t pre-approved.

At Harmony Mortgage Group our licensed professionals do more than just run numbers.  With over 20 years experience in Mortgage lending you can rest assure your individual questions and mortgage needs will be well taken care of.  We specialize in first time homebuyers and work with many different realtors with strengths to fit anyone's situation.

Apply online

HarmonyMortgage@gmail.com

Harmonymortgage.ca

toll free 1-888-755-1126

Mortgage up for Renewal soon? Start now!

It really is never to early to start looking at options for your renewal.  Harmony Mortgage Group has trained professionals who are trained experts in the field of Mortgages.  We don't like to slam banks as we all need our banks for personal loans, banking, credit cards, and lines of credit.  In fact we encourage you to talk to your bank and see what options are available before coming and talking to us. 
With over 40 different lenders (often even your own bank) we can find the best mortgage solution for you.  This way when your mortgage term is up you have the confidence that you have made the right decision and can rest at ease knowing you received the best rate, term, and institution suited for you and your family. 

Just like any area of expertise it is important that you talk with someone who not only has your best interest in mind but knows what options are available.  We at Harmony Mortgage Group are specifically trained in Mortgages.  This means unlike banks who only train their mortgage advisers on how to sell "their" product, we know fully and understand all the industry rules, guidelines and constant changes that can give a borrower a leg up on qualifying for a purchase, renewal or straight transfer to a new institution offering a better product.

There are situations where your mortgage comes up for renewal and the institution you are currently with is actually offering the best product for you, in this case, you get the best of both worlds, we will look at your terms, and help you decide if you are getting what you as a client deserve and often negotiate with your own institution.

Give us a call today for a free consultation.  We can meet in person, talk over the phone, or simply email if you prefer.  You can meet us in person in our Dominion Lending office in the Sutton Business Centre 9240 Young RD Chilliwack. call us toll free 1-888-755-1126 email us HarmonyMortgage@gmail.com

Mortgage Brokers Offer Choice!

The next time you’re looking for a mortgage for that new house or you’re up for renewal on your existing mortgage, think about using a mortgage broker – their services are free and they offer you an abundance of choices the banks simply can’t compete with.

Mortgage brokers have access to a vast array of lenders – up to 90+ institutions, including some of the big banks – which enables these professionals to negotiate the best possible mortgage products and rates on your behalf. In comparison, if you approach your bank with a mortgage request, they can only offer you a narrow choice – namely, their own products.

Mortgage brokers do their homework on available mortgage products and keep themselves abreast of any new products, or changes to existing products, to ensure they find the best mortgage to fit your specific needs.

Unlike the banks, mortgage brokers can also cater to self-employed borrowers as well as those who have suffered credit blemishes due to life experiences such as divorce or illness. Brokers will listen to your story, whereas the banks have a very narrow view of what fits into their financing box – and this is unnegotiable.

If you’re thinking of buying a home, Harmony Mortgage Group can find the best mortgage rate and term for your unique situation. 1-888-755-1126 HarmonyMortgage.ca

Top Reasons for Using a Broker:

1. Choice – access to multiple financial institutions
2. Costs – using a broker is free and they can negotiate lower rates for you
3. Knowledge – brokers stay up-to-date on available products and services
4. Flexibility – mortgage products are even available for the self-employed or those who have credit blemishes 

Single Ladies buying a home

Single Ladies Buying Homes

All the single ladies, all the single ladies.... put your hands up!  

Take it from a single lady who just bought my first home on my own.  It is both scary and empowering.  You need an expert on your side.

It’s becoming increasingly apparent that a greater number of women are now taking the reigns when it comes to home purchases. There’s a growing trend among single women – and, more precisely, professional single women – who are becoming independent homeowners. While many of them may be putting off marriage, they’re not waiting around for Mr Right before taking the plunge into homeownership.

It’s believed that around 20% of homebuyers in North America are single women based on a 2011 report released by the US National Association of Realtors. Harvard University’s Joint Center for Housing Studies also released a report that said single women are buying in record numbers.

There’s no equivalent data for Canada, but an abundance of anecdotal information has led to the creation of shows like HGTV’s Buy Herself, which follows single women making their first real estate purchases.

Women are looking for ways to become financially independent, and investing in real estate and building equity for themselves are ways to invest in their future – building financial security.

Women are taking advantage of historically low interest rates and recognizing homeownership is often more affordable than renting.

Seeking expert advice

One of the amazing things about women looking to invest in real estate is that they’re getting more advice before they make the decision to enter the market. They’re seeking out mortgageexperts and real estate agents, and building a plan for the perfect entry into the market. They’re making lists of areas in which they’re interested in purchasing, itemizing amenities they would need in their ideal neighbourhoods, ensuring they have all the facts around closing costs and fees associated with making the purchase, and securing a mortgage.

Buying a home is likely one of the largest purchases you’ll ever make in your lifetime, and can feel overwhelming. That’s why working with a professional mortgage agent, real estate agent, home inspector and so on is essential. You’ll be working with these professionals closely – possibly for months – so interactions should feel comfortable, and they should be knowledgeable and responsive even to the smallest question.

The more prepared you are, the smoother the experience will be so do a little research on your own over the Internet to get a good idea of what types of properties and areas are of interest to you. Make a list of questions to ask your mortgage agent or realtor – and keep it on hand so you can add to it as more questions arise.

Interest rates are the lowest they’ve been in history and they have nowhere to go but up. Industry professionals believe that as rates begin to rise, they’ll continue to rise for some time. There has never been a better time for women to make the decision to get into the real estate market to find the perfect place to call home. 

You don't need to do it alone!  Call Tammy and Carie today, experts in the mortgage field and women who have done it themselves.  1-888-755-1126 Check out our website

Mortgage Broker Chilliwack

Not you everyday average Mortgage Brokers 

There are generally two ways to get a mortgage in Canada: From a bank, or from a licensed mortgage professional.

While a bank only offers the products from their particular institution, licensed mortgage professionals send millions of dollars in mortgage business each year to Canada’s largest banks, credit unions, and trust companies … offering their clients more choice, and access to hundreds of mortgage products!

As a result, clients benefit from the trust, confidence, and security of knowing they are getting the best mortgage for their needs.

Mortgage professionals work for you, and not the banks; therefore, they work in your best interest. From the first consultation to the signing of your mortgage, their services are free. A fee is charged only for the most challenging credit solutions, and it’s especially under those circumstances that a mortgage professional can do for you what your bank cannot.

Whether you’re purchasing a home for the first time, taking out equity from your home for investment or pleasure, or your current mortgage is simply up for renewal, it’s important that you are making an educated buying decision with professional unbiased advice.

Whether you are buying a home for the first time or are a seasoned home buyer, seeking the advice of a Mortgage Broker should be top priority.  As Chilliwack's leader in customer service Harmony Mortgage Group is top notch when it comes to experience and service.  We work with some of the most professional Realtors in the business and are located in a professional working environment at Chilliwack's Sutton downtown Business center.  

Please feel free to drop in 9240 Young rd, or give us a call 604-703-8748 email at HarmonyMortgage@gmail.com

We look forward to serving you