Levis is a popular choice for home buyers because it has a good supply of homes. It also has affordable home prices, better than in most of the province.

If you are considering buying a property in Levis, let mortgage brokers help with your home financing.  You can find the lowest mortgage rates when you work with the best broker in Levis.

To get started with your mortgage application, request for free mortgage quotes from multiple Levis mortgage brokers today.



Found your Dream Home? Get a Broker to Help with your Pre-Approval

It isn’t uncommon for people to find a home they want to buy only to have their hopes dashed. One, another buyer can beat you to it if you have no funding in place, or two, you could try to get a mortgage and find out you are not qualified.

This is why it is critical to start a home search with a mortgage pre-approval.

When you have a pre-approval certification in hand, you are sure of the following things:

  • ✓ How much you can borrow for your mortgage
  • ✓ The amount of your down-payment
  • ✓ The price range of houses you should be looking at
  • ✓ How much your monthly mortgage payment could be

With a mortgage pre-approval, there is no guesswork to your real estate transaction.  A mortgage broker from our network can tell you how much you qualify for your mortgage, advise you of the best type of mortgage, and inform you how much you can save.

Fill-out our short online form and receive valuable advice about mortgage rates from experienced brokers in Levis.


Top 3 Reasons to Work with a Mortgage Broker in Levis

There are many benefits you can gain from working with a mortgage broker in Levis to obtain a mortgage.  You can receive free and valuable advice about the wide assortment of mortgage products and negotiate with lenders to get you approved under the best terms and rates possible.

But aside from the above, there are 3 distinct benefits of getting a mortgage through a mortgage broker.


1. Save yourself time and energy.

There are so many mortgage products in the market today and this gives consumers more choices.  But with every mortgage product out there, consumers have to pour over more information to understand each type and its pros and cons.  This also means talking to different banks or lenders, asking questions, and getting confusing information because lenders have different mortgages.

When you have a mortgage broker working for you, he explains in simple terms your best mortgage options. He also presents to you the different mortgage rates available and represents you to multiple lenders until you get an approval under satisfactory terms.


2. You get access to multiple mortgages and lenders.

By working with a mortgage broker to get a mortgage, you get access to multiple financial institutions at one time. Unlike a bank where you only choose from the bank’s limited mortgages, a broker can help you choose from a wider variety of mortgage options.


3. Mortgage expertise at no charge to you.

Perhaps the best advantage you get from hiring a mortgage broker is free mortgage expertise.  You can get answers to all your questions straight from a mortgage professional that knows the mortgage market thoroughly.  You don’t pay a broker any fees because he will be compensated by the lender.

There is really no benefit to being on your own when it comes to mortgages. No matter what your mortgage needs are – pre-approval, refinancing, or renewal, a mortgage broker can get it done for you quickly, efficiently, and without any stress on your part.

Hiring a mortgage broker is a very efficient way of obtaining a mortgage package that is tailored to your needs without wasting hours doing your research.


Our Mortgage Partners Are All Across Levis

No matter where you are in Levis, our mortgage partners can help with your mortgage needs.

Levis Sainte-Hélène-de-Breakeyville Saint-Joseph-de-la-Pointe-de-Lévy
Charny Saint-Étienne-de-Lauzon Saint-Nicolas
Pintendre Saint-Jean-Chrysostome Saint-Romuald

Whatever borough you are in – Desjardins, Les Chutes-de-la-Chaudière-Ouest, or Les Chutes-de-la-Chaudière-Est, we definitely have the right mortgage broker to help with your home purchase.


Trouble with your Mortgage? Our mortgage partners in Levis can help

To most people, a mortgage is something that can’t be taken lightly.  It is for the most valuable investment we make in a lifetime – our home – and we don’t want to take any chances and lose the home we love.

But sometimes, our mortgage needs change due to passage of time and changes in our circumstances. If you are having trouble with making payments to other debts and need to reduce mortgage payments or consolidate debts to ease the burden, let a mortgage broker come to your rescue.

Get the best advice regarding refinancing a mortgage to access equity or to consolidate debts from the mortgage experts.

Fill-out our quick online form and tell us what you need so we can put you in touch with experienced mortgage specialists in your area.


Mortgage Options for New Home Buyers to Choose From

Now once you begin a mortgage application, you’ll soon discover that it isn’t simple at all.  There are different types of mortgages and you must choose the one that gives you peace of mind, suits your budget, and perhaps gives you flexibility as time goes by.


What makes a home purchase difficult for many people is the financial aspect of the transaction. A buyer is required to have a down-payment obtained from his own funds and secure the balance with the right mortgage from a financial institution.

The mortgage rate you choose will also have a huge impact on your finances as you will be paying for a mortgage in the long-term.  Even a few percentage points can mean paying hundreds of dollars yearly for a mortgage more than you should.


Understanding Mortgage Security and Types of Charges

Once you borrow money for refinancing or buying a new home, the property you purchased becomes the security of the loan.  If you are unable to pay the loan under the terms of your mortgage, the lender has legal remedies including repossessing your home and selling it.

The lender registers the mortgage agreement, called a charge, in Quebec at the land registry office.


2 Types of Mortgage Charges

Lenders use 2 types of charges to register the security of a mortgage – collateral charge or conventional charge.

Under a conventional or traditional charge, a lender registers the actual amount of the loan.  It contains specific terms including interest rate, term, and payment amount.  The loan is then registered against the title of the property.

Under a collateral charge, the lender registers an amount greater than the mortgage loan. If you have a mortgage for $250,000, the lender may register it for $300,000 so you can obtain more funds in the future through other credit agreements.

An experienced mortgage broker can explain in great detail any concerns you have regarding the security of your mortgage.  It is also important to note that some banks have already transitioned to offering only collateral type mortgages.


Significant Differences Between Conventional and Collateral Mortgages

It is critical to understand the differences between these 2 mortgage charges.  It can have a direct impact on your mortgage should you choose to switch to another lender in the future and whether you can obtain additional funds from a lender.

  Conventional Collateral
Mortgage amount registered Same as amount of loan, terms indicated Higher amount than the loan registered, Loan terms not registered
Additional Funding Loan needs to be discharged in order to borrow additional funds;
will incur legal fees
Possible with no legal fees involved
Change in Lender Not required to pay the loan off
Possible if no additional loans
are needed
Will incur legal fees for the transfer
Automatic upon a borrower’s request
All debts must be paid to the lender before loan can be discharged
Will incur legal fees for discharging the mortgage


Types of Mortgage Services Offered by Brokers

Mortgage brokers are a one-stop shop for all kinds of mortgage services.


Mortgage Pre-approval

A mortgage pre-approval is an initial application to a lender to borrow funds for the purchase of a home.  It is best to undertake a pre-approval before you start searching for an ideal property.  If approved, you obtain a pre-approval certificate (can be valid from 90 to 120 days) which indicates the maximum amount you qualify to borrow and the mortgage rate offered.

Find out more about the mortgage pre-approval process and how it works.


Mortgage Renewal

After 5 years, your mortgage may be up for renewal with your lender. You receive a renewal notice in the mail as early as weeks before the due date.  Take the time to shop around for the best mortgage rates from mortgage brokers before you sign your mortgage renewal.

A mortgage broker can help you find better terms and rates for your existing mortgage at no extra cost!


Mortgage Refinancing

Do you need to access the equity in your home? A mortgage broker can help you find the right mortgage and lender for a renovation project or to buy a second home.

If your financial circumstances have changed and you want to accelerate your mortgage payment or lengthen the amortization to reduce your monthly payment, refinancing through a mortgage broker is an option to consider.


Debt Consolidation

If you have multiple debts aside from your mortgage including credit cards, credit lines, etc. and these loans have higher interest rates than your mortgage, you may want to consider debt consolidation.  This is an attractive option if multiple debt payments are taking a toll on your monthly budget.

Speak to one of our broker partners about loan consolidation or other mortgage options.


Compare Brokers in Levis for your Mortgage Needs

If you are ready to buy a house, you need to have the right home financing in place.

Our mortgage partners will be able to assist you step-by-step in your mortgage application and help you realize your dream of home ownership.

More importantly, a mortgage broker will not only help you get approved for a mortgage but will also ensure you get mortgage rates and terms you deserve.

Take 2 minutes to fill-out our online request form to connect with the best mortgage brokers in town.

Save money from your mortgage with the help of a mortgage professional in Levis today!


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