Simon Lupien - Emls mortgage
"Owning your home is a significant
investment in your future
, a continual building of equity that represents a
wise financial decision.
This path to ownership unfolds into
years of rewarding benefits.
"
Simon Lupien - Emls mortgage
"Owning your home is a significant investment in your future, a continual building of equity that represents a wise financial decision. This path to ownership unfolds into years of rewarding benefits."
Equity Building
Owning a home allows you to build equity over time.
Stability
Homeownership provides a sense of stability and security.
Tax Benefits
Enjoy potential deductions, such as mortgage interest and property tax deductions.
Personalization
You have the freedom to personalize and make improvements to your home.
Investment Potential
Real estate often appreciates in value over the long term, potentially leading to a profitable investment.
Community and Roots
Owning a home allows you to establish roots in a community, fostering a sense of belonging and pride in homeownership.
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Get one-on-one guidance from our seasoned mortgage professionals who will provide personalized advice and answer your questions.
Submit your application with essential documents and information, taking the final step toward securing your dream home.
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A mortgage is a loan used to buy a home. You repay it in regular installments, including interest, over a set period. It's a way to make homeownership possible without paying the full price upfront.
The amount you can borrow depends on your income, credit score, and the property's value. Lenders typically consider your monthly income and expenses to determine how much you can afford.
Yes, many programs offer assistance to first-time buyers. These may include down payment assistance, lower interest rates, and tax credits. Research available options and consult with a mortgage expert to find the best fit for you.
A down payment is the initial amount you pay towards the home's purchase price. The typical down payment is 20%, but some loans may require less. A higher down payment can lead to better terms and lower monthly payments.
A mortgage broker's services are typically free for borrowers. Instead, they are compensated by the lenders. Here's why:
Mortgage brokers act as intermediaries between you and multiple lenders, helping you find the best mortgage deal. When they connect borrowers with lenders, the lender pays the broker a commission for the successful loan origination. This commission does not come from your pocket; it's a standard practice in the mortgage industry.
The benefit of using a mortgage broker is that they have access to a wide range of lenders and mortgage products, which can save you time and potentially money. They work to find you the best deal and structure your application to increase the likelihood of approval. So, while you receive expert advice and assistance, you don't have to worry about extra fees because the broker's compensation is covered by the lender.