WHAT WE DO
OUR SERVICES
Professional Athletes hire a Sports Agent to handle contract negotiations with sports teams, leagues and potential sponsors because these are some of the most important financial decisions of their life. They want a Specialist that they can trust to represent them. So why not have a Mortgage Broker represent you when making one of the biggest decisions of your life?
Navigating the mortgage landscape in Canada is not easy these days. There are so many mortgage lenders out there, so many different types of mortgage products, mortgage rates, amortizations, etc. On top of that, most Canadians don’t have the time to apply and shop their mortgage amongst all the different banks and lenders out there. Better Mortgage Select has been representing Canadians for two decades, making mortgages easy, while advising and guiding each and every one of its clients to the best possible mortgage product for their particular situation. See why Better Mortgage Select stands out from the pack.
Investment Property Mortgages
Clients looking to purchase or refinance investment properties - mortgage guidance and planning for real estate portfolios.
Owner Occupied Mortgages
Clients looking to purchase or refinance an Owner Occupied property or secondary home.
Pre-Approval
Before you start your search for a home, it’s important to get pre-approved for your mortgage to give you the utmost confidence when putting in an offer on a property and so you can know what your current situation can afford. At Better Mortgage Select we know the importance of a Mortgage Pre-Approval, so you know precisely what your mortgage payment is and what amount you can afford so that you are not wasting your time when looking for home. We pride ourselves in accurately assessing your file during the Pre-approval stage the same way a bank would once we have a live deal, limiting potential setbacks that may occur as well as giving you the information you need to make informed decisions. Additionally, getting pre-approved will allow us to “lock” rates in for you with the banks for up to 120 days so you can feel secure knowing even if there are rate increases, you are protected.
Investment Property Mortgages
If you're just starting out or if you've been investing in real estate for some time, one of the biggest components to being successful is having the right team around you. From your realtor/coach to your lawyer, insurance broker, property manager and mortgage broker, having the right team around you will give you confidence to grow your portfolio and sleep well knowing you are working with the best professionals in the industry.
Better Mortgage Select was built to work with investors, to help them grow their real estate portfolio and work toward their goals of financial freedom. By working with all of the major banks in Canada as well as a host of monoline, B lenders, and private lenders, we have been able to help our clients scale from no properties to 15+ residential/commercial properties routinely.
The first step toward acquiring investment properties is to have an introductory call with one of our Real Estate Investor-focused Mortgage Agents. From there they'll assess your financial position (plus your portfolio of homes if you are currently invested), discuss your real estate goals, and start the process of re-structuring or building your real estate portfolio plan. Finally, we'll collect some supporting documents to ensure our Underwriter and Mortgage Agent are able to accurately position your file with our lender partners that we've selected for you.
Every bank in Canada has a different set of rules when it comes to qualifying for investment-property mortgages. At Better Mortgage Select we've spent decades mastering all bank rental products and guidelines across Canada, as well as developing key relationships with bank Underwriters so that we are able to best structure your files and put you in the best position to scale your portfolio.
Some specific ways we are able to help:
- Re-accessing equity in existing properties to be used for down payment on new purchases
- Finding the highest pre approval amounts possible for your investment property search
- Maximizing potential mortgage footprint for Investors looking to scale
- Finding the most cost-effective ways to structure your mortgage for specific projects (ex: BRRRR, New Construction,)
- Finding the best financing for commercial and multi-residential mortgages
Owner Occupied Mortgages
For a large portion of Canadian’s their principal residence is going to be the largest purchase of their life and because of this significance, it is our mission to ensure we are able to guide you through this new chapter in your life with confidence and ease.
Working with the major banks as well as a host of smaller monoline lenders allows us to ensure we are finding the best lender possible for your mortgage. A lender that will provide you with not only the best rate but also the best products that you will be able to utilize post funding of your mortgage.
When looking to purchase your new home, the first place to start is with a pre-approval so our team can accurately assess your file as well as run some options for your purchase and lock you into the best rates available for up to 120 days. From there your mortgage specialist will reach out to you to go over your pre approval options as well as answer any questions you may have.
Some ways we can help with your mortgage:
o Working with multiple lenders to find the best rates available
o Finding specific products with lenders that will fit your needs
o Using our expansive underwriting knowledge to find your highest mortgage amount accessible possible
o Access equity in your home to complete renovations
o Access equity in your home to consolidate debts and minimize monthly payments
Refinance Mortgages
If you have an existing mortgage, there may come a time where you will consider refinancing your property. This can be done during the mortgage term by “breaking” the mortgage or at the maturity of your mortgage term where we are able to re negotiate your mortgage with your current lender as well as other lenders at no cost.
People can refinance for a variety of reasons but there are 4 main reasons someone may want to refinance their home:
• There are new lower rates in the market
• They are looking to access equity to fund a renovation in their home
• They have large upcoming expenses they want to be prepared for
• They are looking to consolidate their debts into one easy payment.
Our Process
Unlike many mortgage brokerages, Better Mortgage Select was built on, and continues to be focused on, it’s World Class Underwriting. We consistently obtain the highest pre-approval amounts in the industry for our clients. We are also able to provide Real Estate Investors with more access to mortgage funds from schedule 'A' banks than any other Mortgage Brokerage in Canada. We have a team of 20+ specialists who all share a common goal – to ensure your mortgage process goes smoothly and to provide you with the best solutions possible based on your particular financial position.
Upon an initial call with one of our Mortgage Agents, we'll begin collecting the necessary supporting documents from you that our host of Banks and Mortgage lenders will require. From there, we'll complete our industry-leading Underwriting process and present you with the final results, options and future plans. Whether you need a mortgage for a quick closing, or you're planning for a mortgage that you'll need in the distant future, we stay with you every step of the way.