Best Mortgage Rates Wasaga Beach
What keeps you up at night when deciding on which home to purchase? Most likely, your answer will be something to do with trying to find the best mortgage rates in Wasaga Beach. Regardless of your specific situation, Mortgage Wellness – Collingwood will provide you the best mortgage rate based on market conditions, allowing you to sleep in peace again.
Experience – Trust – Integrity
Gerard Buckley, equipped with his over 40 years of experience in the banking and finance industry, will connect you with specialized lenders to meet your specific needs. When Gerard is in your corner, you will have access to mortgage rates from a strong variety of lenders, ranging from Schedule I banks all the way to private lenders. Whether you are a senior, New Canadian, first-time homebuyer, investor, or any other kind of borrower, our array of lenders will allow you to access the customized financing and rates that best suit your needs.
Real estate is a booming industry, but it is always becoming more complex as the federal government continues to impose new regulations. These regulations can have significant impacts on interest rates, and ultimately your ability to acquire affordable financing. When choosing a mortgage broker that is right for you, you want someone who understands the implications of the regulatory environment and can navigate the maze that is real estate financing. At Mortgage Wellness – Collingwood, Gerard has the required experience to help you navigate that maze.
The Regulatory Environment
The fall of 2016 brought about a new regulation from the Canada Mortgage and Housing Corporation (CMHC). The mortgage insurer is now performing “stress tests” on all mortgages that they insure to see the effects of a spike in interest rates. The test is meant to ensure borrowers can afford changes to current rates, which can have significant impacts on prospective borrowers. Borrowers who pass the stress test may receive lower interest rates, however it could be more difficult and expensive for those with lower credit ratings to acquire financing. The government is also making a push for lenders to share the costs associated with a borrower defaulting, which may also push interest rates higher for potential borrowers.
These regulations can be tedious and difficult to follow and understand, which is why you need someone in your corner who is up to date with financial news and has the experience to deal with financing obstacles. Gerard Buckley will be that someone. When you hire Gerard, you are hiring a former investment banker who has over 35 years of experience advising Fortune 500 companies on their interest rate and currency exposure.
With this wealth of experience, Gerard is the best option if you want to get the best mortgage rate possible given current market conditions and regulations.
Interest Rate Complexity
When acquiring a mortgage loan for the property of your dreams, one of the most crucial factors of your loan is the interest rate. Interest rates may seem simple at first, however they are much more complex than you think. For example, variable rates are lower than fixed rates, although they add extra risk for the borrower. With a fixed interest rate loan, the borrower is protected from sudden spikes in interest rates and the lender takes on this risk instead. Similarly, insured mortgages have lower rates than uninsured mortgages, as lenders of insured mortgages can force a foreclosure on your home in case of a default. With insured mortgages, you risk your home if you default, resulting in lower interest rates.
There are many other factors affecting interest rates, including economic conditions, market conditions, and the actions of the Bank of Canada. Understanding the effects of these factors and following them regularly can be a daunting task. When you have Gerard in your corner, he takes care of your mortgage and ensures you get the best mortgage rate available in current conditions. He will ensure you will be able to navigate any changes to regulations or interest rates with ease.
Making a Difference to The Communities We Work and Live
Gerard likes to spend his free time supporting his local community where he works and lives. He does this through Mortgage Wellness – Collingwood and The Buckley MacDonald Youth Fund, which support many local 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, leading to his achievement of The Queen’s Golden Jubilee Medal.
Financial Market Expertise
Finding the best mortgage rates in Wasaga Beach is impossible without the right help at your side. Gerard can get you an excellent rate while advising you on your overall financial situation. Gerard’s extensive experience advising Fortune 500 companies on their currency and interest rate exposures has given him the tools to help you acquire the best financing possible. Gerard also has over 15 years of experience investing in real estate, providing him with a sound understanding of the mortgage process.
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.