We are one of the most respected brokerages in the Winnipeg area when it comes to Mortgages for your home purchase. Our goal is to provide the people of Manitoba with some of the best mortgage solutions anywhere in the province.
Wide Range of Options
As Winnipeg Mortgage brokers, we offer access to numerous lenders, including those not available to the public, ensuring you find a mortgage product that perfectly fits your financial needs.
Expert Guidance
With our mortgage expertise, we provide personalized advice to navigate complex mortgage terms and conditions, helping you make well-informed decisions.
Cost and Time Efficiency
We are able compare various mortgage deals to secure competitive rates and terms, potentially saving you money and simplifying the application process to save you time.
Ongoing Support
From start to finish, mortgage brokers such as ourselves, offer continuous assistance, handling paperwork, resolving issues, and ensuring a smooth mortgage application process.
We get lots of questions from Winnipeg home owners when it comes to getting a mortgage for your new home purchase. Below are just a few of the most common items and as always, we are glad to answer any questions you might have.
The amortization period is the total length of time it takes to pay off a mortgage. Longer amortization periods result in lower monthly payments, but more interest paid over time. In Canada, if your down payment is less than 20%
Mortgage interest rates can be fixed, variable, or a hybrid combination. Fixed rates stay the same throughout the term, offering stability. Variable rates can change, potentially affecting your payment amount.
Payment frequency options include monthly, semi-monthly, biweekly, weekly, and their accelerated counterparts. Accelerated payments effectively allow you to make one extra monthly payment per year, reducing your interest costs significantly over the life of your mortgage.
In Canada, any home purchase with less than a 20% down payment requires mortgage default insurance. This insurance protects lenders in case the borrower defaults. It enables more Canadians to qualify for mortgages, especially first-time homebuyers, but it comes with additional costs.
Mortgage insurance premiums in Canada are paid upfront and are based on your down payment amount. The premiums decrease as the down payment increases. You can choose to pay this premium in a lump sum or add it to your monthly mortgage payments
Insured mortgages, often with a down payment of less than 20%, include mortgage insurance premiums that protect the lender. Conventional mortgages, with a down payment of 20% or more, don’t require these insurance premiums, typically resulting in lower overall costs and allowing for longer amortization period.
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