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Xpert Mortgage Services The Mortgage Centre Mortgage Rates

Below you will find current Xpert Mortgage Services The Mortgage Centre mortgage rates, which you can compare against the rates of other mortgage brokers and lenders.

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The Mortgage Centre mortgages

The Mortgage Centre knows that the mortgage with the lowest rate isn’t necessarily the best rate with the options and flexibility you need. That’s why The Mortgage Centre always does a free analysis of your situation, needs and goals. Then, a mortgage specialist can shop the market and find you a suitable package of rates and features.

With every borrower, The Mortgage Centre goes through the following procedure:

  1. A mortgage specialist will sit down with you, evaluate your needs and complete an electronic application form.
  2. Based on your application, The Mortgage Centre’s electronic bid system generates a one-page personalized mortgage proposal outlining lenders' best rates and product features.
  3. Together, you and the specialist will decide which lender offers the most attractive package of rate and features for your specific needs.
  4. The Mortgage Centre then electronically forwards your application to that lender.
  5. Approval can take sometimes only a few hours, and you simply sign the required documentation to complete the process. Over the next few days and weeks, The Mortgage Centre will follow up with all supporting documents.

The Mortgage Centre services all types of buyers, from first-time home buyers to mortgage renewals to those with more special circumstances. With 90% of Canadians renewing with the same lender and accepting the lender’s posted mortgage rate, The Mortgage Centre emphasizes the importance of shopping around. It may also make sense with interest rates at historical lows, for you to break your mortgage early and pay the applicable penalties, then lock in at a lower rate.

Some of the special circumstances outlined by The Mortgage Centre for which they can help you obtain a mortgage are described in more detail below.

  • Vacation property. The same terms may not be available for a second property as your principal residence, but The Mortgage Centre can help you get that vacation home.
  • Self-employed. If you are self-employed, you may face more stringent lending standards from a traditional lender, but a Mortgage Centre specialist can organize an easy, hassle-free mortgage at mainstream interest rates.
  • Debt consolidation. Most Canadians have an array of credit obligations, from credit cards to consumer loans, and should consider using home equity to consolidate debt at a lower interest rate. You can use a home equity line of credit to pay off higher-charged debts and reduce overall interest payments.
  • All-in-one mortgage. You may want to consider an ‘all-in-one’ banking account which combines your savings, mortgage and loans. Such an account acts like a line of credit, with deposits temporarily offsetting your debts.  A Mortgage Centre specialist can guide you through such a product and outline the benefits and drawbacks.

Finally, you can sign up for The Mortgage Centre’s Mortgage Monitor which lets you manage your mortgage and track your debt from day to day. It also lets you evaluate adding extra payments, changing your mortgage type or term, or decreasing your interest rate by a point or two.

Connecting with a Mortgage Centre mortgage broker

Before you complete an online application form, The Mortgage Centre insists you meet or talk with one of their mortgage brokers first for the added ‘personal touch’.

To find a local mortgage professional, you can use The Mortgage Centre’s online search tool or call 1-800-201-1258, and connect for a no-obligation analysis of your needs.

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