Monster Mortgage is a Canadian brokerage that matches borrowers to lenders in order to find the perfect mortgage package.
Monster Mortgage is headquartered in Toronto. Besides operating in Ontario’s capital city, Monster Mortgage provides their services to clients across the province.
As with most mortgage brokers, they do not charge for their services. They are paid a commission by the lenders they set their clients up with. When a broker works for free, it can take a load of your mind. It’s one less expense you have to worry about while you are mortgage shopping. Buying a home comes with more costs than just a down payment and legal fees; so when you don’t have to add broker charges to the mix, it’s always a relief.
Yes, Monster Mortgage has a varied line of products that they can offer their clients such as:
Monstermortgage.ca has a special section that deals with information that borrowers might need regarding their potential and current mortgages. The “Mortgage Education” section of the website has articles and details to help clients understand everything about the mortgage industry and how they can get the most out of their funding.
Like most brokerages in Canada, you can apply for a mortgage directly on their site. Furthermore, Monster Mortgage has a contest through which you can win free mortgage payment (provided you register with the company), however there has yet to be a payout to any contest winners.
Monster has developed strong ties to 20 lenders to better serve their clients. These lenders are mostly Canadian banks; however, they do work with smaller financial institutions as well.
Monster Mortgage prides themselves on their customer service. They claim to be able to service anyone at anytime by meeting clients wherever and whenever. This is not specific to Monster as most brokerages will meet with you according to your schedule, but customer service plays a big part in Monster Mortgage’s bottom line. A live customer service agent is on duty for 10 hours of the day, which is not uncommon for a brokerage of this size.Back
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).
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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