Purchase and Refinance

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 There are hundreds of options on where you can get a mortgage. You can get a mortgage through a credit union, bank, mortgage-specific lender, online-only lender 

 Mortgages come in a variety of forms. The most common types are 25 -year and 15-year fixed-rate mortgages. Some mortgage terms are as short as five years, while others can run up to  40 years. Stretching payments over more years may reduce the monthly payment, but it also increases the total amount of interest that the borrower pays over the life of the loan. 

Whether you're looking to:

• Purchase your dream home
• Purchase a secondary property 
• Purchase an investment property

Our mortgage agents  offers competitive interest rates, flexible payment options, and personalized guidance.

With Team Finance and Real Estate Group inc., you gain peace of mind knowing that your investment is secured against your property. We diligently underwrite your application to ensure the loan is tailored to your specific financial situation.

Don't let financial constraints hold you back. Take the first step towards securing your financial future and unlocking the possibilities that a First Mortgage provides.

Contact Team Finance and Real Estate Group inc., today to schedule a consultation with one of our experienced mortgage advisors. Together, we'll navigate the mortgage process seamlessly and help you achieve your financial goals.

 A second mortgage is a second loan that you take on your home. It has the same features as a mortgage. While you pay off your second mortgage, you also need to continue to pay off your first 

 If you default on either mortgage loan, the first mortgage lender takes priority over the second mortgage lender for repayment. This means that if the home falls into foreclosure, the first lender would get paid before the second and it’s possible the second might receive little to nothing at all. 

mortgage. Interest rates on second mortgages are usually higher than on first mortgages because they are riskier for lenders 

 Whether or not you get approved for a second mortgage depends on three key factors: the amount of equity in your home, your credit score, your debt-to-income ratio. The amount of equity in your home is arguably the most important factor to consider when applying for a second mortgage. 

A second mortgage is a secured loan that uses your home as collateral. It's an additional source of financing that can help you achieve your financial goals, such as:

• Consolidating high-interest debt
• Funding home renovations
• Investing in education
• Covering unexpected expenses

Benefits of a Second Mortgage:

• Low interest rates compared to other financing options
• Flexible repayment terms tailored to your needs
• Fast approval and funding process

Who is Eligible?

Homeowners with strong credit, a stable income, and equity in their property are typically eligible for a second mortgage.

Don't let your home equity go unused. Unlock its value with a second mortgage and secure your financial future.

Contact us today for a free consultation and learn how a second mortgage can help you achieve your financial goal

Unlock the hidden potential of your home with a home equity line of credit.

A home equity line of credit gives you access to funds secured by the equity in your home. This means you can borrow money for home improvements, consolidate high-interest debt, or unexpected expenses.

Our home equity line of credit offers:

• Competitive interest rates
• Flexible repayment options
• Fast and easy application process

With a home equity line of credit from [Bank Name], you have the freedom to borrow what you need, when you need it. It's like having an extra line of credit, all backed by the equity in your home.

 Typically, lenders allow you to borrow 80% of the home’s value, less what you owe on the mortgage. Some lenders may increase this to 85%. 

 The proceeds from a home equity loan are paid out to you in a lump sum and you can use it however you like 

Most people apply for a home equity line of credit for the following reasons: 

• Home improvements or repairs
• Debt consolidation
• Large purchases
• Miscellaneous expenses

Call us today or visit our website to learn more and apply. Don't miss out on this opportunity to tap into the value of your home and make your financial dreams a reality.

Are you struggling with high monthly mortgage payments along with a plethora of other debts? Consider consolidating your debts to lower your interest rates and save money each month.  Debt consolidation doesn't just help you save, it can also unlock equity in your home and provide you with funds for major expenses.

To explore debt consolidation options, email or call us now. Our experienced agents will guide you through every step of the process, from assessing your eligibility to exploring different financing programs. We make debt consolidation easy and stress-free.

Don't let high interest payments drain your finances. Contact us today to schedule a free consultation and take the first step towards financial freedom. Remember, debt consolidation could potentially save you thousands of dollars over the life of your loan. 

Mortgage Default Insurance typically applies to purchases with down payments less than 20% of the home’s value, you are required to purchase mortgage default insurance. However, this particular type of insurance does not act as a protection for you. Rather, it protects your lender in case you don’t make your mortgage payments. 

Mortgage insurance is calculated as a percentage of the value of the mortgage amount. For example:  for down payments between 5% to 9.99%, the mortgage insurance will represent 4% of the mortgage amount. For down payments of 10% to 14.99%, the mortgage insurance will cost 3.10%. And for down payments of 15% to 19.99%, mortgage insurance costs 2.80%.

Mortgage Default Insurance is only available for homes with Purchase price less than $1million.

 Mortgage default insurance is  calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums. Premiums can be added to your mortgage and included in your monthly payments. 

  Are you drowning in high-interest debt? Take a deep breath and consider refinancing.

 Our streamlined process makes it simple. We'll guide you through every step, from pre-approval to closing.

By unlocking the equity in your home, you can

Consolidate high-interest debt into a single, lower-rate loan

• Lower your monthly payments, freeing up cash flow
• Shorten your loan term, saving you years of interest.

• Refinancing your mortgage can  help you save money and gain financial freedom.

With our program, you can:

• Lower your monthly payments: Reduce your interest rate, saving you hundreds or even thousands of dollars each year.
• Unlock your home's equity: Tap into the value of your home to consolidate debt, pay for renovations, or invest in your future.
• Improve your credit score: Refinancing can help you establish a positive payment history and boost your creditworthiness.

Our team of experienced loan officers will guide you through every step of the process. We offer a wide range of loan options to meet your specific needs, including:

• Fixed-rate mortgages with stable payments
• Adjustable-rate mortgages with potential for lower initial rates
• No-closing-cost mortgages to minimize upfront fees

Don't wait any longer to take control of your finances. Contact us today to learn more about our mortgage refinance program and start saving money.

Your financial freedom starts with a simple call. Call now