That is what we're all about. We give you more than just the lowest mortgage rates. We give honest and genuine advice even if it doesn't make us any money. Why? Because we have built our practice over the past 25 years based on loyalty and trust. If your best option is to bypass us and walk into a bank, we will tell you.
We will find the best mortgage rate for you
Mortgage brokers aren't restricted to one single bank or mortgage lender. We're able to go shopping for you and negotiate for you or help YOU negotiate. There are institutions that specialize only in mortgages. They are virtual banks so they don't have a costly storefront and that saves you money!
Banks are like credit cards. They want to keep you in debt and paying interest for as long as possible. Mortgage brokers negotiate with the banks on your behalf to get the best mortgage rate AND the best terms and conditions. They are paid by the lender in exchange for your valuable business so there is absolutely no cost to you. We have over 25 years of experience earning the trust of hundreds of clients that recommend us to family and friends without fail. We believe in educating and giving free objective advice with no obligation to help you become debt-free sooner. We make the mortgage process stress-free taking care of everything for you and we work around your schedule. So if you’re buying a home or you need a loan for a home renovation or to consolidate debt, call or email us first. You have nothing to lose and everything to gain!
Fill out our short online application to get pre-approved
Being in the financial industry for over 20 years, I think I have heard every story. But hearing stories and living them just happened to me; my oldest daughter left to go to University in September of this year. I cannot tell you that a lot of [...]
Canadians paying down debt quickly in low-rate environment
CIBC economist says mortgage amortizations are getting shorter, meaning less risk from rising rates
Home prices may be rising, but Canadians are taking advantage of low rates to pay [...]
The CEO of the Bank of Nova Scotia says that concerns over a housing bubble are overblown and the word ‘bubble’ is overused.
Brian Porter says that credit growth is modest and the job market is stable and he believes that the bank’s exposure[...]
The "Lowest Mortgage Rates" - But Read The Fine Print
Many mortgage brokers claim that they are able to get you the lowest mortgage rates but there are so many other points to consider. I know you may think that is lip service, but it is really true. It would be nice to have everything; the lowest mortgage rates AND prepayment privileges AND a small penalty for breaking the mortgage early AND the ability to break the mortgage without selling the home AND have a 30 year amortization with no mortgage rate premium AND have the rate fixed AND a rental or investment property all with the lowest mortgage rates. But that just doesn't exist.
Don't fall for the "bait and switch" where the lowest mortgage rates are advertised when the mortgage broker knows full well that it is not realistic for whatever reason or that it is not practical. For example, if it is for a refinance, it might not apply If it is for a conventional mortgage, it may not apply. We have seen too many times people come through our practice that have been abused by other brokers. For example, they may have received the lowest mortgage rates when they signed, but when the time came to pay out their mortgage early, they find out that the lender has a clause preventing them from doing so. This is called a "bonafide sale". So the borrower cannot exit the mortgage even with a penalty. Were the lowest mortgage rates worth it in that case? Most of our clients in that situation would say not.
We have also seen brokers offer the lowest mortgage rates to their clients and the clients find out too late that since the mortgage broker is not getting paid very well or at all due to these low rates, they charge a brokerage fee. Consider that when you factor in all the fees (legals, appraisals, brokerage), the actual annualized percentage rate that you are paying is much higher than the original "lowest mortgage rates" offered by the mortgage broker. It is very important to check these details beforehand and not be mesmerized by these low rates because they can be very costly in the end. And the problem is that if you have already waived your condition of financing on the property, and you go to sign with the broker, you might discover this too late. You don't have time to arrange alternative financing to purchase the home so you are stuck. Either sign with the broker or lose your deposit on the property and risk being sued by the seller if they sell it for less than you had agreed with them.
This is why it is extremely important to work with a broker you can trust. Robert Floris has a loyal following of many clients, many of whom have left reviews on his Google page. But those can also be fabricated by people. We have a large box overflowing with actual old school cards from happy clients. We can show you these cards if you would like to come and visit us at our Mortgage Architects Office located at 651 Fennell Avenue East in Hamilton, Ontario. It is hard to know who to trust which is why we value and respect the trust of our clients. We are never greedy and we treat them with respect. Word spreads, we can sleep at night and we have built a strong reputation in the Hamilton area. We also have lawyers that we trust and we would be happy to recommend them to our clients unless they have their own already.
Mortgage Education and Advice in a Stress-Free Environment
651 Fennell Avenue E, Hamilton, Ontario
905-574-9200 Ext. 215