Some of the Great Mortgage Products Available

The Mortgage Centre is the only mortgage broker able to offer the CIBC Switch with Cash Back mortgage.

1)

A great low rate of 4.43% on a 5-year fixed-rate closed mortgage *

$4,000 cash back to spend on what's important to you (on $200,000 mortgage) *

*rates are subject to change and qualification. Mortgage must close within 30 days. Cash back portion is 2% under $400,000 and 3% over $400,000. Transfer your existing mortgage balance for free -no legal, appraisal or transfer-in fees.

2) 5 yr fixed mortgage product which offer a lower rate for the 1st 12 months. For example 1yr 2.69% remaining years 4.69%*

3)3 yr fixed @ 3.49%, 3 yr variable at prime -0.70 *

4) 5.5% Cash Back mortgage 5 year fixed. 5% of cash back can be used for downpayment*

*Rates are subject to change and qualification

Mortgage Tips

Regardless of the rate, you must qualify on the posted 5 year rate of 5.89%* for all insured loans. (Down payment of less than 20%)
Changes in the guidelines for Self employed, commissioned individual’s and required down payment for Investment properties
Owner occupied second home – required down payment of 5% (this includes cottage properties)
Before making an offer it is important talk to your mortgage agent about a pre-approval. This ensures that you can shop with confidence and will hold your rate for 120 days.
Be an educated consumer. Is porting (moving your mortgage to a new home), blending and increasing your mortgage an option? What if any costs are involved in breaking my existing mortgage?
Some of the best rates available may have stipulations to get that rate or may not be published
Let me do a no obligation mortgage review. My services cost you nothing.

*rates are subject to change, qualification, and some conditions may apply

Why use a Mortgage Agent?

Choosing a mortgage can be overwhelming. Do I take a short or a long term, a variable rate mortgage verus a fixed rate mortgage? Which rate? What lender?

A mortgage agent can help find you the best mortgage product that suits your needs. Taking advantage of the services offered by a mortgage agent can make the whole process of getting a mortgage smoother. By having access to over 25 lenders including Firstline, CIBC, PC Financial, Scotiabank, TD, First National, ING, Hometrust, MCAP, National Bank you are given lots choice without all the work. I trully work for you to get you the best combination of rate and mortgage product. Best of all my services cost you nothing!

My only business is mortgages, and my focus is you. I provide my clients with the same quality service that I would expect to receive. That means:

Prompt return of all calls/emails.
Available when you are. Days, evening and weekends
Professional and Knowledgeable
With you through out the process from start to finish, and even after

Stay up-to-date on mortgage rate and industry news...visit http://www.durhammortgagekkot.blogger.com/ and sign up for rate watch below

What some of my clients are saying....

"Words cannot express our sincere gratitude to Karen for making our first home purchase as easy as possible. We felt very confident that we were in good hands throughout our home buying process. Karen was prompt, courteous, knowledgeable, and reassuring, as we ventured into the world of home financing. She has made this experience a truly pleasant one, and I will not hesitate to recommend her to anyone looking to finance a home purchase. Thank you again Karen! You are truly a great professional!!!" A. O.- Whitby

“I just wanted to say THANK YOU!

Working with you on getting us into the right product fit for our life; and cleaning up the rest of our finances has given us the freedom we needed to finally help us set a path to reach our personal and financial goals in life. It has been a smooth process from the beginning to the end. We never felt alone, or lost. You were always there for guidance and support whenever we needed. All of our questions and concerns were promptly taken care of and you also went out of your way many times; just to accommodate our timing requirements. Karen, Thank you for getting us to the right path. You will definitely be recommended by us !”

R&P Nav, Brooklin

“Karen, thank-you so much for all your help in getting my parents the new house that they have worked so hard to find. We greatly appreciate you taking the time to go through all of the available options, and getting us not only a terrific mortgage rate, but also following up with us throughout the buying process, and getting us to lock in our pre-approval right at just the right time. We will be highly recommending you to our friends, family and clients for any future financing needs.” S.Sousa, Toronto

“Karen Kot was recommended to me by a co-worker. She only had praise for Karen. I called Karen and found her to be very professional and personable. Karen always had the time to answer questions and alleviate any doubts I may have had. We had a few issues with financing, but Karen was always positive and always ready with a solution. Even after we had signed and taken possession of our home Karen was still available for any questions I still had. I would highly recommend Karen. 4 stars!” Maureen, Courtice

“Karen at Durham Mortgage Centre was a great help to me while purchasing my first home! She was very knowledgeable and friendly, and was able to provide me with information and answers to any questions I had really quickly.” M.Wright, Oshawa

Experience you Can Trust

I look forward to helping you with your mortgage needs. Whether you are purchasing a home, renewing or refinancing, I am comitted to making the process as smooth as possbile.

Think Mortgage Think AMP TM

The Accredited Mortgage Professional AMP designation differentiates mortgage professionals from others in the mortgage industry. It demonstrates their commitment to providing you, the borrower with the highest level of service, abiding to a high standard of ethics and ongoing training. For more information visit http://www.caamp.org or AMP Brochure .

First Time Buyers Tips for Getting Started

Know your credit score

Develop a budget

Learn key mortgage terminology

Determine how much you can afford

Get pre-qualified Talk to a mortgage professional

MORTGAGE INSURANCE RULES ANNOUNCEMENT

Federal Finance Minister Jim Flaherty announced prudent changes to mortgage insurance rules intended to come into force on April 19, 2010. The changes are as follows

All borrowers must meet the standards for a five-year fixed rate mortgage even if they choose a mortgage with a lower interest rate and shorter term;
The maximum amount one can withdraw in refinancing their mortgage will be reduced to 90% from the current 95% of the value of one's home;
Non-owner occupied properties will require a minimum down payment of 20%. Currently you can purchase an investment property with 5% down payment.

There were no changes to down payment requirements or length of amortizations for owner-occupied residences.

What and Where

First time home buyers, mortgages for purchases, free down payment mortgages, cash back mortgages, mortgage renewals, mortgage refinancing, secured line of credits, equity visas, CMHC insured mortgages, Genworth insured mortgages, variable rate mortgages, fixed mortgages, open mortgages, closed mortgages, mortgages for income property, mortgages for cottages, mortgages for self employeed, equity take out mortgages, new to canada mortgages, rate watch, mortgage monitor, current mortgage rates, lowest mortgage rates, reverse mortgages.

Servicing all of Ontario but specializing in mortgages in the Greater Toronto Area, mortgages in Durham Region, mortgages in Pickering, mortgages in Ajax, mortgages in Whitby, mortgages in Oshawa, mortgages in Port Perry, mortgages in Courtice, mortgages in Bowmanville, mortgages in Newcastle, mortgages in Port Hope and mortgages in Cobourg