Montreal Mortgage Loan Specialist
My success as a mortgage broker has come in large measure from a relentless commitment to offering the lowest interest rates and providing the finest mortgage service in Montreal Quebec. For your home purchase, mortgage refinance, debt consolidation or bad credit mortgages, I’ve prepared this website with the same degree of commitment.
Danuta Levitzki Worozanska - Montreal Mortgage Loan Specialist – HYPOTHECA AC
Montreal Mortgages
Mistakes you do not want to make when applying for a Mortgage Home Loan.
- Losing money with lower interest rates.
Beware of variable "Teaser" rate mortgages. The "Teaser" variable rates are offered at very low for 3 to 6 months and then will adjust automatically higher depending on the loan.
- Getting a loan from your real estate agent or the mortgage company in your real estate agent's office may not save you any money.
Many real estate companies and individual real estate agents are now offering mortgage loans as well as real estate services. It has been my experience that some Realtors are not educated enough and do not have the experience to originate mortgage loans. They spread themselves too thin and it ultimately hurts the borrower.
- Buying a home from the listing agent (not having your own realtor) may not be in your best interest.
The listing agent is the person who makes an agreement with the seller to sell the home. The seller agrees to pay the listing agent a commission for marketing and selling their home.
The listing agent is working for the seller and will consider the seller's needs before the buyer's. Having your own agent (selling agent) does not cost you any money. A selling agent can help you find a house, confirm the value, help with inspections and answer any other questions you may have.
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- Not obtaining the pre-approval letter from your mortgage company before you start shopping for a home.
Having a pre-approved loan can be very important. A pre-approval has two major benefits. First, you will have peace of mind before you get serious about buying a home. You will know how much of a house you can afford, what the payments will be, and how much of a down payment is needed. Secondly, having a pre-approval may give the borrower bargaining power when negotiating a price for the home.
For example, if three buyers are looking at the same house, the seller will probably look closer at the buyer who has been pre-approved. Also, getting pre-approved may allow the borrower to get a better price for the property.Mortgage Questions?
Call toll free at 1-800-605-6154, our friendly team of Montreal Mortgage
Experts will help you find the right answers.
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Article published on March 26th, 2010
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