I realized recently that there is still confusion around exactly what we do as mortgage professionals and the services that we offer. With today’s uncertain economic climate, the record debt levels Canadians now have, and the interest rates at their lowest point in history, we are fielding more questions than ever before. I thought it would be a good time to remind all my current and past customers, my family, friends, and circles of influence, exactly what I do and why you would use the services of Angela Calla’s Mortgage Team at DLC.
Here is some information that may help you understand a little more of how I help my clients:
We 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 www.angelacalla.ca
Our company sends these lenders more than 11 billion dollars in mortgage volume annually, so these lenders provide us with exceptional rates, fast turnaround times, and flexibility with approvals.
When you use us to find you the very best mortgage, and negotiate on your behalf, there is no cost to you. The lender pays us 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. There is no cost to you, and we only earn a fee if we arrange the mortgage for you. The Fee is the same, regardless of which lender I choose, and it is not built into the rate. The rate is typically lower than if you went directly to the lender, and the process is a thousand times simpler.
We also have lenders available that 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 are experts in negotiating the best rates for all Canadians, but understand that sometimes you may have challenges in your past that we can work through with you, to get you back on track.
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 professional and am governed by The Financial Institutions Commission of British Columbia (Ficom). 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 rate. Each time a Financial Institution pulls your credit report, your credit score actually drops. Sometimes the very exercise of trying to find the most competitive mortgage rate on your own actually disqualifies you from qualifying at all, or forces you into accepting higher interest rates.
We only pull a single credit report. We then send that report to our lenders electronically eliminating multiple inquiries. You deal with me directly through the entire process, from our very first conversation right until the mortgage process and funding is complete.
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, and to protect ourselves from the current impact of the sovereign debt crisis in Europe. Mark Carney (Bank of Canada’s Governor), Jim Flaherty (Federal Finance Minister) and many other Industry Professionals have publicly stated the rates can only go up and they will increase significantly.
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 savings for your specific situation.
There has never been a better time in history to consolidate debt, refinance your mortgage or purchase investment properties. We will get the banks competing for your mortgage business, so that you get incredibly competitive low rates, expert unbiased advice and fast, friendly service.
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 may find my services valuable.
Angela Calla, AMP