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Find Mortgage Brokers In London

Halfway between Toronto and Detroit, lies the populous city of London, Ontario. With 366,151 residents, many green spaces, restaurants, shopping and more, the city has no shortage of culture and heritage. Besides its charm, London provides a variety of housing choices for those looking to buy property in the city. Many Canadians consider owning their own home a great feature. Homeownership comes with many advantages such as a place to call your own and the ability to build equity. If you’re sick of renting and are ready to buy a house or condo in London, you will need to contact a real estate professional and a mortgage broker.

How Can I Find a Realtor In London?

LSTAR, which stands for the London and St. Thomas Association of Realtors, is an organization that specializes in helping home buyers find real estate professionals to work with. You can access LSTAR online or visit one of their 134 offices. Over 1,500 realtors work under the LSTAR umbrella and are held to the highest industry standards. Once you’ve found a realtor to help you find your London dream home, you will need to find a mortgage to purchase said property.

How Can I Get a Mortgage?

In order to get a funding package to buy the London home you want, you should use the services of a mortgage broker. London mortgage brokers can get you better interest rates than your bank because they have a vast network of lenders at their disposal. Your broker will help you secure funding to purchase your property and ensure you get the best mortgage package to fit your economic needs. If you decide to contact a mortgage broker before you settle on a realtor, your broker can recommend a real estate agent. The same goes for realtors because they too work with other industry professionals like mortgage brokers.

Fast Facts About London:

  • The average price of homes in the city is $260,500
  • London is Southwestern Ontario’s largest municipality
  • The area can be found at the junction of Highway 402 and 401, two heavily trafficked roadways that link Ontario to the Michigan border
  • Canada’s second largest World music and culture festival, known as Sunfest, takes place yearly in London
  • The city boasts two major learning institutions, Fanshawe College and the University of Western Ontario
  • London’s Victoria Park sits in the middle of the city and hosts many festivals, concerts, and ice skating in the winter

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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