Best Mortgage Rates Owen Sound
In the current homebuying market, it can be difficult to find a mortgage brokerage and the best interest rates for your situation. Mortgage Wellness – Collingwood puts an end to your search, giving you the best rates and first-class advice with your mortgage.
Experience – Trust – Integrity
Gerard Buckley, Having been in the banking and finance industry for over 40 years, can connect you with a variety of specialized lenders and cater to your specific needs. Our lenders include Schedule I banks, credit unions, private lenders and more. We have lenders serve the needs of everyday people, those who are self-employed, and those who have experienced credit issues due to unexpected life events. This allows us to service the needs of any prospective buyer, including first-home buyers, seniors, New Canadians, investors, and everyone in between.
In today’s complex mortgage environment, you need a mortgage broker who has deep experience in the interest rate market and can navigate the ever-changing regulatory environment. The federal government is consistently implementing new loan requirements and restrictions, and your mortgage broker needs to be on top of the changes. Gerard Buckley understands how regulations affect interest rates and how they affect your mortgage.
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. The regulation requires a stress-testing all new insured mortgages to determine if the borrower can weather 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.
The regulatory environment for mortgages in Canada is constantly changing, making it difficult for someone to keep track of the changes without an experience and professional mortgage broker by their side. Gerard Buckley 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. As a result, hiring Gerard means you get access to decades of interest rate experience and someone who can get you the best mortgage rate in current market conditions.
Interest Rate Complexity
Interest rates are seemingly simple; however, they can vary significantly from lender to lender and are based on a variety of factors, both within and out of your control. For example, something that is out of your control is how healthy the economy is, which affects interest rates. 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.
While you have some impact on what your mortgage rate is, interest rates are mostly affected by market conditions, economic conditions, and the actions of the Bank of Canada. 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 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
When he isn’t helping his clients achieve their financial goals, Gerard is supporting his local community. Mortgage Wellness – Collingwood 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 achieving of The Queen’s Golden Jubilee Medal.
Financial Market Expertise
Finding a suitable mortgage brokerage and the best mortgage rates in Owen Sound can be difficult but finding an interest rate and mortgage expert who can advise you on your entire financial situation is rare. Fortunately for you, Gerard Buckley is that expert. Gerard has spent much of his career advising Fortune 500 companies on their interest rate exposure and is well equipped to help your family handle its finances and acquire the best mortgage rate. Gerard has also invested in real estate for over 15 years and knows the mortgage acquiring process like the back of his hand.
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 complementary consultation.