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
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment