Rumy Gill - Mortgage Broker
Get Your Mortgage Refinance Approved!
Serving Toronto, Brampton, Mississauga, and Ontario
Rumy Gill - Mortgage Broker
Top 7 Reasons Why a Mortgage Refinance from Toronto Mortgage Broker
– Rumy Gill Has The Best Options For You.
A Mortgage Refinance from Toronto Mortgage Broker
Rumy Gill Has Helped Many Clients with;
3 out 5 Canadians break their Mortgage before it is even up for Renewal. This is because waiting 5 years is a long time and life happens, and unexpected Finances occur from time to time. If you have your Mortgage with the Bank and you need to break it, it can literally cost you an arm and a leg, this is because Banks calculate their Mortgage Penalties in specific manner, due to the Discount Rate which was given to you upfront when you signed your Mortgage.
These Penalties can range anywhere from $10, 000 to $25, 000 or More, just for breaking your Mortgage. And you thought you were getting the Best Rate, until you know about the Penalties involved in breaking your Mortgage early, it is then you realize the strings attached to the so called Best Rate you are getting. Talk about pulling the wool over your eyes.
But of course when you’re looking for a Mortgage the Rate matters, however having Flexibility in your Mortgage is equally important. Not to worry, I have access to Lenders who can get you a Great Mortgage Rate and who have low penalties in the event you are required to break your Mortgage for any reason. You will hardly even Notice the Difference in the Monthly Payments but you will save yourself from Costly Mortgage Penalties.
The Difference in Rate from one of our Lenders with Great Rates compared to your Bank Rate Mortgage is a Small amount of $10 to $25 dollars a Month in Mortgage Payments. But this small Change can end up saving you $10, 000 or $25, 000 or more by having the flexibility in your Mortgage. Now, Isn’t that a Good Trade off?
It is important to think about future expense that may occur when you need to Refinance your Mortgage
Looking for a Mortgage Refinance?
Speak to a Mortgage Broker about the most affordable mortgage option given your credit score, income and property.
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Google 5 Star Reviewed by Clients
Rumy Gill - Mortgage Broker
Rumy Gill delivered on what he said - No hassle at closing at all. He was able to get me a great mortgage rate and affordable monthly payments. All communication was in a timely manner, no surprised at last minute. Would definitely go again with Rumy Gill again.
Frequently Asked Questions
So why are all the Lenders, just talking about their Rate and not the Features or Flexibility they offer?
This is because all the lenders know you want just want the Lowest Rate, and in most people’s cases will do anything to do get it.
But what cost are you really willing to pay for the Lowest Rate?
It is Not, Until you have to break your Mortgage, that your Realize the Cost you are paying for your Low Rate Mortgage. Ironically, your Low Rate Mortgage will cost you more in Penalties than it will Save you Money with the Low Rate it provides, in the event you need to break it.
So What Can I do to Ensure I get a Great Rate and Don’t Pay so much in Penalties if I Need to Break my Mortgage Early?
I can Help you find the Lender that works best for your situation and Help you take advantage of Low Rates and Low Penalties in the event you need to break your Mortgage if you Sell your Home or Take advantage of a new Lower Mortgage Rate from one of my Mortgage Lenders.
I just Lost my Job, Can I get Approved for a Mortgage Refinance?
Yes, I can still get you Approved even if you Lost your Job, been laid off, are in between jobs, or working part-time. I have many options available and I am able to Help get your Mortgage Approved.
I switched Jobs and my Income has changed and I am making Less Money, Can I get Approved for a Mortgage Refinance?
Yes, I can get you Approved even if you switched Jobs and your Income has changed and you are making Less Money. I have many Mortgage Refinance options available and I will Help get your Mortgage Approved.
I was declined by my Bank for a Mortgage Refinance due to my Debt Ratios, Can you Help get me Approved?
Yes, regardless of your Debt and Service Ratios, I have many options available for all situations, even if you don’t qualify with your Bank, our I will Help get your Mortgage Approved.
My Credit Score has dropped, Can you Help get me a Mortgage Refinance?
Yes, regardless of your Credit Score, I can get you Approved even if you have Collections, Bankruptcy, Consumer Proposal, or any other reason why your Credit Score has dropped and you have Bad Credit. I can help you Fix and Repair your Credit Score and Help get your Mortgage Approved.
What if I fail the Mortgage Stress Test, Can I still get Approved for a Mortgage Refinance?
Yes I can, as a Toronto Mortgage Broker I work with Mortgage Lenders who don’t require you to go through a Stress Test. You can get you Approved even if you Don’t Qualify under your Bank Rules, or Fail the Stress Test or have been Declined by your Bank. Because I deal with many Lenders outside of your Traditional Bank, I have access to many Lending options you would not have access to on your own, which means I can get all Situations Approved.
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