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.
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.
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:
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 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.
Buying a house in Canada requires a deposit, which is usually 20% or more upfront. Read More
As the housing market continues to pummel forward despite the pandemic, new homeowners are shopping around for the best home loan options. Read More
If you are looking to buy a home, but are over 40 years old, you may be wondering if lenders will be less likely to approve your mortgage... Read More
As a homeowner, you may be faced with some different scenarios that cause you to consider breaking your mortgage contract early. Read More