Mike Cara - Peterborough Mortgage Broker
Get on the Path to Financial Freedom!
Mike Cara - Peterborough Mortgage Broker
Choosing the right mortgage broker is crucial, and experience matters. Mike Cara, your Ontario Trusted Mortgage Broker serving Peterborough and the Kawarthas, brings over 30 years of finance expertise to help clients that most other brokers cannot help. We are a full-service mortgage business dedicated to arranging financing for all credit types, from 400 to 900 credit scores.
Our comprehensive mortgage services include mortgage renewals, debt consolidation to improve your financial health, accessing equity through home loans, refinancing your existing mortgage, assisting first-time homebuyers, navigating mortgage needs during divorce or separation, specialized mortgage programs for self-employed individuals and Agri-farm businesses, construction financing, solutions for bad credit mortgages, private lending options, and alternative mortgage solutions. We strive to secure some of the lowest interest rates available in Ontario.
Rest assured, I am a licensed and insured Mortgage Broker with The Mortgage Store Brokerage, a reputable institution regulated by the Financial Services Regulatory Authority of Ontario (FSRA) under license number 10500. This affiliation is a testament to my unwavering commitment to adhering to the industry's highest standards of professionalism and ethics, ensuring you receive the best possible outcome.
Mortgage Brokers work hard for YOU and NOT the banks!
Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today's very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar.
10 Reasons to use Mike Cara as your Peterborough, Lindsay and Ontario Mortgage Broker
- I have access to different lenders, banks, trust companies, investors and financial institutions.
- Fast credit and loan pre-approvals with no cost or obligation. (Some conditions may apply)
- I am an expert at matching you with the best-suited mortgage.
- Get mortgage rates at wholesale, guaranteed up to 120 days.
- I work for YOU, not the banks.
- Up-to-date on all the mortgage rates, terms and re-payment options available on the market.
- I only specialize in mortgages and are knowledgeable on current trends.
- I help increase competition in the market place, thus keeping rates low.
- I help save you time and money!
- I have a vested interest in satisfying your needs since I rely on referrals and repeat business.
Other than rates, why should I use Mike Cara as my Peterborough or Ontario Mortgage Broker?
In addition to rates, because mortgage-based financing is the broker's primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favourable rates for each project, but often whether a project is funded at all.
How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.
These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution's portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.
Why should I go to a Mortgage Broker first?
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly.
Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.
You don't call an insurance company for insurance - you use an insurance broker, because of their expertise, product knowledge and rates. So remember, call your mortgage broker first!
How do Brokers get better deals than many Banks?
The lenders who work with mortgage brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds.
In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.
