Best Mortgage Rates Collingwood

In preparation for your move to Collingwood, you’re probably wondering what home price you can afford. Hopefully, you are also searching for the best mortgage rates in Collingwood to get an idea of what your mortgage payments will look like. Look no further, as Mortgage Wellness – Collingwood can give you the best and most appropriate rates based on market conditions and your specific situation.

Experience – Trust – Integrity

Having been in the banking and finance industry for over 40 years, Gerard Buckley will be able to connect you with a variety of specialized lenders. Our lenders range from Schedule I banks to select private lenders and everywhere in between, ensuring you can secure the best mortgage to fit your needs.

We have lenders who cater to the needs of everyday individuals, while we also have lenders who specialize in providing financing for those 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 the fall of 2016, a new regulation was brought forward by the Canada Mortgage and Housing Corporation (CMHC), which is involved in insuring mortgages in the case that a borrower defaults. This new regulation involves testing all insured mortgages with a stress test to see if the borrower can handle a sudden spike in interest rates. While this new practice may lower interest rates for those who pass the stress test, it could make it more difficult for those with lower credit ratings to acquire financing. The government has also been pushing for lenders to begin sharing the cost in the event of a default, which may also put upward pressure on interest rates.

As these events and new regulations are constantly being implemented, it is important to have a mortgage broker who is up to date on all the news and has the expertise to navigate and hurdle that is thrown at your mortgage. You will find this in Gerard Buckley, who is committed to finding you the most appropriate mortgage rate for your situation.

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 may seem simple at first, however they can significantly vary and are dependent on many factors. For instance, variable interest rates will always be lower than fixed when the loan is first acquired, as the borrower is taking on more of the risk with a variable-rate loan. However, this means that if there is a spike in rates, you are the one on the line to pay for it. When it comes to insurance, insured mortgages always have a lower rate than uninsured mortgages. In the case of default, lenders providing uninsured mortgages may not be able to force a foreclosure on your home, however they will charge very high interest rates.

Beyond these general guidelines, market conditions, economic conditions, and the actions of the Bank of Canada all play their role in altering interest rates and are very difficult to keep track of. Gerard will help you avoid any missteps and ensure you get the best mortgage rate available in current conditions. He will be in your corner through the duration of your mortgage, ensuring you will be able to navigate any changes in interest rates or new regulations.

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 the best mortgage rates in Collingwood can be difficult, but finding someone who can get you an excellent rate and advise you on your entire financial situation is rare. Fortunately, Gerard has the financial advisory experience to do just that. Gerard has been a financial advisor on interest rates to many Fortune 500 companies, and is well equipped to help your family handle its finances and acquire the best mortgage rate. As if that wasn’t enough, Gerard has 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.