Using a mortgage loan comparison site is the most efficient way to compare mortgage refinance rates and find a quality lender. Most of these sites are completely free to the consumer and I strongly encourage homeowners to at least consider refinancing their mortgage.
There really has never been a better time in history to refinance your home and taking action now with historic low-interest rates will most likely turn out to be a financially savvy decision.
You can also check best mortgage rates for 5 year fixed at https://pekoe.ca/
Your first meeting should be finding out whether a mortgage is even possible in your current circumstances. You may be a first-time mortgager or be looking to re-mortgage.
There are a number of questions that a mortgage advisor in Ontario will need to ask regarding your financial situation. It will be beneficial if you could find out the balance of your credit card and how much your car lease costs per month, and if possible, take the paperwork with you to the mortgage advisor.
This way, you will be better prepared during your first meeting and will be in a good position to talk further. The first visit to a mortgage advisor is useful as it enables the advisor to build a clear picture of what situation you are in, and will help with deciding what mortgage options are available and suitable for you.
Your advisor will need to determine how much you can afford as a deposit and a monthly payment for your mortgage, taking into consideration factors such as insurances, loans, bills, and any other regular payments you make.