FIRST TIME HOME BUYERS ARE YOU READY?

How exciting that you're considering homeownership! The differences between renting and buying a home are vast, and there's a long list of pros and cons for both options.

And remember — there is no one best decision for everyone. Before moving forward, though, there are some important considerations to keep in mind.

Affordability should be a main concern. Your monthly income must cover mortgage payments and homeownership costs and still allow you to live comfortably. After all, you still need to pay for food, clothing, transportation and other living expenses, not to mention vacations and the other activities in your life. Nobody wants to end up "house poor"!

Whether homeownership is for you, however, depends on if you are ready both financially and emotionally for the change. After all, buying a home isn't just about money — you should listen to your heart…and take an honest look at your lifestyle.

Don’t forget to inspect your credit file before you apply for your mortgage and then get a mortgage broker to find the best discounted rate for you.

Mortgage brokers can beat the bank posted rates.

What is bank posted rate?

Bank posted rate in not the rate posted on some website. Bank posted rate is a rate posted at your local bank. This rate is usually 1% or as much as 1.5% above discounted rate offered by other lending institutions.

If you want to get a better than posted rate then you will need to negotiate with your bank and ask for their “special” rate or use centum.ca/mustapha_maynard to get the best discounted rate for you – without the hassle or negotiations… and from the comfort of your home.

Thank you

Mustapha Maynard
Mortgage Broker
http://www.centum.ca/mustapha_maynard/
1-888-530-3024

Bank Of Montreal Discounted Mortgage Rate .......APRIL FOOLS!!!

Did you know that Bank of Montreal stopped using mortgage brokers?

Apparently their own customers were confused when BMO was offering mortgages at discounted prices through mortgage brokers.

They made the decision to stop using mortgage brokers in February, saying to their investors that selling discounted mortgages through mortgage brokers wasn't as lucrative as selling mortgages through the bank.

If you are thinking about getting a BMO mortgage then be prepared to pay a higher interest rate.

Bank of Montreal’s 5-year “special rate” is today 5.43% but you’ll have to ask for it or you’ll get 6.49% (their posted rate).

If you want to get a discounted mortgage rate then don’t waste your time with your bank and stick with mortgage brokers… stick with CENTUM Mortgage Specialists. and stick with www.centum.ca/mustapha_maynard.

CENTUM Mortgage Specialists Inc, is a full service mortgage broker. Our goal is to help you to find the most suitable mortgage financing from over 35 institutional mortgage lenders.

As independent mortgage brokers, we arrange mortgage financing for home purchase and refinancing of residential, commercial and industrial properties ensuring we deliver the most suitable mortgage financing solution tailored to your needs.

We work as liaisons between you and the lender to negotiate mortgage loans and deliver discounted mortgage rates to our clients.

All lender terms and conditions are not created equal. Whether you are purchasing a new home, switching your mortgage, or refinancing your existing mortgage, many factors must be taken into consideration. It is our job to analyze your specific needs and find the mortgage product that best satisfies your budget and goals.

In addition, we deal with some innovative broker-only lenders who can offer even more attractive rates and features.

Don't get discouraged if you are turned away by a bank - you might still be able to obtain a mortgage at www.centum.ca/mustapha_maynard ! We have access to private lenders ranging from individual investors to mortgage investment corporations.

We strive to provide you with the fastest and most reliable service possible. Operating with the most up-to-date modern software and technology, we offer a speedy turn around time on on-line applications.

Same day approvals or within 24 hours are typical. We will take the time to explain all the terms and conditions of your mortgage, clearly explaining the interest rate, prepayment privileges and clarifying any questions you may have, which will help to save you time and money.

We build our reputations on timely service, reliability and a conscientious attitude towards your needs. Our priority is honoring this commitment to you.

Please don't hesitate to contact me to find out more about the benefits of using our mortgage broker services or simply www.centum.ca/mustapha_maynard