Best Mortgage Rates Blue Mountain
Although the Blue Mountain area is beautiful, purchasing a home can be quite a headache when looking for the best mortgage rate. Luckily, Gerard Buckley gets rid of that headache by providing you with the best mortgage rates that are suitable for you and your family at Mortgage Wellness- Blue Mountain.
Experience – Trust – Integrity
It is experience that differentiates a good mortgage broker from the average one. Gerard Buckley, has been in the banking and finance industry for over 40 years. With his impressive experience, he can connect you with a variety of specialized lenders and cater to your specific needs. His advantage is premised on his accessibility to numerous lenders ranging from schedule I banks to select private lenders and everywhere in between, securing you the best mortgage rates. Gerard works with all types of home buyers, including those who are who are self-employed or have experienced credit issues due to unexpected life events. As a result, our wide array of lenders also allows us to provide any prospective buyer with a mortgage, including first-home buyers, seniors, new Canadians, investors, and everyone in between.
The Regulatory Environment
In 2016, the Canadian Mortgage Housing Corporation (CMHC), which insures Canadian mortgages in case a borrower defaults, implemented a new regulation to increase default prevention. As a result of this implementation, a stress test has been created to determine if the borrower can handle a sudden increase in interest rates. This may make it easier for those with strong credit ratings to obtain a low-rate mortgage, however it will make obtaining a mortgage more difficult for those with weaker credit ratings. Recently, there has also been a push for lenders to share the cost in the event of a default, which poses a significant risk to interest rates and may cause them to rise even more.
In Canada, the regulatory environment for mortgages is constantly changing. With these constant changes, more hurdles are being added making it difficult for an experienced person to be aware of all the rules. Fortunately, Gerard Buckley has the experience in this field to be aware of all the changes. He is committed to finding an appropriate mortgage for you and understands all of the changes occurring within the mortgage regulatory environment.
Gerard Buckley has spent over 35 years working at an investment bank where he advised Fortune 500 companies on their interest rate risk and currency exposure. This gives him an advantage and reassures his customers that he can get you the best mortgage rate in current market conditions.
Interest Rate Complexity
To the average person, interest rates are seemingly simple; however, they can be quite difficult to comprehend. Interest rates vary significantly from lender to lender and are based on a variety of factors, both within and out of your control. The market and the economy have a huge impact on interest rates and are out of your control. On the other hand, variable-rate and insured mortgages will often have lower rates than fixed-rate and uninsured mortgages, depending on your choices. Variable rate mortgages put more of the risk on the borrower, so naturally it would have lower rates. For an insured mortgage, the lender is less exposed and will receive some money back if you default, leading to lower rates for insured mortgages.
Although you play a role in your mortgage rate, a lot of the factors aren’t controllable such as : market conditions, economic conditions, and the actions of the Bank of Canada. As a result, all of these forces make it very difficult to keep track of rates and to understand when it is a good time to acquire a mortgage. Gerard Buckley specializes in this field and will help you navigate this regulatory and economic maze with his decades of experience working with interest rates.
Making a Difference to The Communities We Work and Live
After hours, when Gerard isn’t helping his clients, he is focused on bringing back to his local community. Mortgage Wellness – Blue Mountain and The Buckley MacDonald Youth Fund actively support many different organizations including Theatre Collingwood’s Youth Drama Camps, The Blue Mountain Village Foundation, as well as The Army Cadet League of Canada. Gerard donates 10% of all sales to these causes, which has resulted in his achievement of The Queen’s Golden Jubilee Medal.
Financial Market Expertise
When it comes to your Blue Mountain home, you want to make sure you’ve found the perfect mortgage brokerage and interest rates. Fortunately for you, Gerard Buckley is that expert. The combination of knowledge and experience is what makes Gerard qualified to be your mortgage broker and help handle your family’s finances to acquire the best mortgage rate. In addition to his banking and finance experience, Gerard has spent over 15 years investing in real estate making him extremely qualified and suitable for this position.
Gerard Buckley – Licensed Mortgage Agent with over 40 years of banking and finance experience @jaguarmortgages and www.jaguarmortgages.ca would be pleased to assist you consider your Real Estate Financing alternatives.
You can be assured that Gerard will treat your Mortgage and Real Estate Decision like it is his own.
Please Call Gerard at 866-496-4028 for a complimentary consultation.