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Find Mortgage Brokers In Mississauga

Mississauga is large city that is located on the shores of Lake Ontario. It is part of the Greater Toronto Area and a destination for many first time homeowners who are looking to purchase an affordable home within a short drive from downtown Toronto. Mississauga is considered a bedroom community of Toronto. Due to the cheaper price of real estate that the area offers, many of the city’s residents work in Toronto but live in Mississauga. In order to take advantage of housing prices in Mississauga, you should take a look at the MREB.

What Is MREB?

MREB is the Mississauga Real Estate Board. It is a system of brokers and agents who specialize in the Mississauga real estate industry. Members have dual memberships with TREB (the Toronto Real Estate Board) and can help you find the perfect realtor to handle your needs. Once you’ve found the right real estate agent to aid you in your quest to find your dream house, you will need a mortgage broker to help you secure funding for your purchase.

How Do I Find a Mortgage Broker In Mississauga?

When it comes to finding the perfect mortgage broker, you need to do your homework. Besides simply googling “best mortgage broker in Mississauga”, ask around and set up some visits. When visiting with a potential mortgage broker, ask the following questions:

  • How long have you been in business?
  • How well do you know the area? (In this case the area is Mississauga.)
  • What lenders do you deal with?
  • What mortgage plans do you have in place? (Essentially, is the broker going to set you up with your loan and then disappear or will they be available to answer questions, deal with your refinance etc., over the course of your mortgage?)

Most Toronto-based mortgage brokers deal with the GTA. However, if you can find a mortgage broker that specifically handles the city of Mississauga, it will be in your best interest. Furthermore, if you are not a first time home buyer and you already have a mortgage in your Mississauga home, you should still visit a broker to ensure you get the best deal when it’s time to refinance your home loan.

Fast Facts About Mississauga:

  • Canada’s 6th largest city with over 729,000 residents
  • Toronto Pearson International Airport is located in Mississauga
  • The city houses more than 60 Canadian Fortune 500 companies and 50 Global Fortune 500 companies
  • The city of Mississauga features over 480 parks and 23 trails
  • The average price for a home in Mississauga is $519,000

Canada’s mortgage website

Your home is your most valuable asset. It is probably the single largest investment you will make in your lifetime. Your home is more than a place to rest your head and raise a family. Your home contains equity. It is a treasured resource and in some cases, can even be used as an ATM (aka cash back mortgages and HELOCs – don’t worry we’ll get there).

We All Need a Mortgage

Everyone who is looking to purchase a home will need a mortgage. But, what is a mortgage exactly and why do you need it? Besides being the term to describe a loan secured by real estate, a mortgage allows you to access funding to procure your dream home.

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