I realized recently, when talking to someone very close to me just how misunderstood my profession was. This friend knew I was a Mortgage Agent, but thought we only worked with people who had bruised credit and had no idea that I represent all the major banks.
As much of my business comes via referrals from my happy loyal clients, I realized how important it was for me to educate my family, friends and social circles of exactly what I do, and when someone might use my services.
Here is some information that may help you understand a little more of how I help my clients:
Who I work with:
I work with Canada’s leading Financial Institutions including Banks, Trust Companies, and Credit Unions. They include Scotia, Toronto Dominion, RBC, National Bank, CIBC, ING, and many others. There is a complete list of all our lending partners on my website at GetMortgagesNow.com
My company, Dominion Lending Centres, sends these lenders more than 10 billion dollars in mortgage volume annually, so these lenders provide us with exceptional rates, fast turnaround times and flexibility with approvals.
When you use me:
When you use me to find you the very best mortgage, and negotiate on your behalf, there is no cost to you. The lender pays me a fee for finding and bringing them the business. Remember it saves them from the cost of additional employees in wages, vacations, training cost, office space and benefits. So, there is no cost to you, and I only earn a fee if I arrange the mortgage for you.
Some of our lenders specialize in providing mortgages for clients who are self employed, contract employees, have seasonal income, have trouble proving income, or lack some of the standard documentation. We have seen all situations and are experienced in getting the unconventional mortgages approved.
Many consumers think their bank will automatically give them the best rates because they have been loyal customers for many years, have multiple accounts with them or have high account balances. Don’t fall into that trap. That kind of thinking has cost many clients thousands of dollars in unnecessary interest.
I am a fully licensed mortgage agent and am governed by The Financial Services Commission of Ontario (FSCO). The safety and security of your personal information is of utmost importance and all discussions, documentation and file management are completely confidential at all times.
Often clients make the time consuming mistake of going to multiple lenders themselves, attempting to negotiate the best rates. Each time a Financial Institution pulls your credit report, your Beacon score actually drops. Sometimes the very exercise of trying to find the most competitive mortgage actually disqualifies you from qualifying. At Dominion Lending, we forward your credit report electronically to our lenders so that it isn’t pulled over and over.
The interest rates today are the lowest in history. They are a direct result of Emergency pricing from the Canadian Government in a bold attempt to prevent what happened in the USA to Canada. Mark Carney (Bank of Canada’s Governor) and many other Industry Professionals expect rates to begin to increase sometime this year, some believe there will be significant increases.
If you, like so many other Canadians, have high interest credit card debt, department store debt, line of credit debt or other outstanding payments, now might be the ideal time to refinance your existing mortgage and consolidate it all into one simple payment at the lowest rates of all time. This consolidation can sometimes reduce your monthly payments by more than a thousand dollars per month. I would be happy to calculate the saving for your specific situation.
There has never been a better time in history to consolidate debt, refinance your mortgage or purchase investment properties.
In summary, I am your trusted mortgage agent and I work for you, not the banks. It’s my job to provide you with timely, expert advice and make certain my clients have the very best mortgage products for their specific situation. Your business is very important to me!
Contact me for a complete mortgage review at your convenience but remember the lowest rates in history won’t last long.
I am never too busy for your referrals and will take amazing care of anyone you think who may find my services valuable.
Sean Smith:
Mortgage Agent
416 889 3916: