Buying a home can be one of the biggest purchase decisions you’ll ever make. But should getting a mortgage loan be difficult? No, that’s why we at J.Monenta are ready to help you find your appropriate home financing with the right mortgage lender. Whether it is your first time applying for a home loan, or you’re buying a vacation home or investment property, you’ll need this to be prepared. And if you already have a home loan? We can also help you refinance your mortgage to save you plenty of money.
A mortgage, or mortgage loan, is a legal agreement between two persons: the lender and the borrower. The lender offers money to the borrower for the purchase of real estate in exchange for interest. With the loan being secured by the real estate, if the borrower fails to repay on agreement, the lender can foreclose and sell the property to pay off the loan.
If you’re struggling with your mortgage payments or simply hoping to lower them, refinancing your mortgage could be exactly what you need to save some extra money each month.
People refinance their mortgages for a variety of reasons; lowering their interest rate, shortening their loan term, lowering their mortgage payment, and more. If your credit score has improved since you first purchased your home or if current interest rates are lower, now could be a great time to refinance your mortgage.
Being around for over a decade has helped us to gain a lot of experience and to expand our operations to reach as many Canadians across North America.
We always love to hear our client's feedback about all of our services. It helps us improve our services and push us to serve you better.
For our unrelenting services towards our clients and doing what's right by them in every single category, we are proud to have been able to bag this unique prestigious award in the mortgage industry four times in a row.
Over 10 Billion dollars in mortgages and loans have been issued and approved by us, and we are very glad that has helped many families and homeowners across Canada.
Yes, the answer is yes. The rate charged to you by the lender makes all the difference, allowing you to have some extra cushion at the end of each month and even shave a few years off the mortgage life. Jmoenta is committed to providing you with the lowest possible borrowing cost.
When setting interest rates, lenders typically use risk-factor analysis. Much of it is due to the inherent risk. Simply put, they charge higher interest rates for riskier borrowers (those with bad credit, high debt ratios, etc.) As a result, lenders provide different mortgage rates to different borrowers. In Jmoneta, we have perfected the system that will match you with the ideal lender.
This is one of the most frequently asked questions by potential buyers and homeowners. Fact: When it comes to mortgages, you should never compare your situation to anyone else’s because each mortgagor has a unique situation, and their goals may differ from yours. For example, if you intend to sell your property within the term or have a moderate to high risk tolerance, fixed rates may not be appropriate for you. When it comes to choosing the type of rate, our mortgage specialists at Jmoneta will be able to help you make an informed decision.
That is a valid question, and you should discuss it with your broker before making any commitments. Normally, brokers are paid a “finders fee” by the lender, but keep in mind that finding the right deal, or the best rate, is an important reason for people to use a broker so you can get their preferred rates, which are only available to licensed mortgage agents. Our mortgage brokers at Jmoneta actively work with a wide range of lenders, including major banks, small lenders, insurance companies, trust institutions, and private lenders. We have access to lower interest rates, allowing you to borrow at the lowest possible cost.
With the constant changes in mortgage laws and regulations, you only have one shot to get your mortgage approved or at least a preferred rate. You can work directly with banks in most cases, but when it comes to negotiating, preparation, and presentation, that’s where brokers come in. A good broker understands which lenders to approach on your behalf and how to carry out the transaction smoothly. With Jmoneta, our mortgage brokers will go to bat for you in order to obtain the best interest rate and lowest cost of borrowing.
We Provide excellent services to our clients and make them happy, read what they say about jmoneta.