Finex Lending Team
1179 King Street. West Suite 210 M6K 3C5 Toronto, ON, Canada

Can I capitalize on the current low mortgage interest rates even though it's not time to renew? . YES! . It is almost always possible to renew your mortgage at an earlier date. ... . Depending on the type of mortgage you currently have, there will be penalties. However, the money you save over your next mortgage term could easily cover those penalties. . Send us a message, and we'll help you determine if capitalizing on these current low mortgage rates will save you money. . More contact information can be found on our website. . . . . #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #broker #mortgagebroker #realestate #purchase #buy #refinance #renew #credit #interestrate #faq #finexlending #finexlendingteam See more

This week's Finex Lending FAQ Friday How is my credit score calculated? FIVE key factors determine your credit score. 1) 35% - Payment History A credit score includes how all credit accounts are being repaid. This includes a record of late payments, items of public record, and foreclosures. Regular on-time payments reflect positively on a borrower. 2) 30% - Credit Utilization This is a measure of how much of your available credit is being used. It factors in t...he number of accounts with balances and the amount paid on installment loans. Generally, lower credit utilization is viewed as positive. 3) 15% - Length of Credit History Lenders typically want to see multiple credit loans with a positive payment history and low utilization for a minimum of two years. 4) 10% - Types of Credit Lenders typically like to see a borrow manage a variety of credit types. A credit score can increase when a borrow proves that they can manage several different credit accounts. 5) 10% - Inquiries Borrowers who continually seek new credit can negatively impact their credit scores. A common misconception is that every inquiry decreases your credit score. This is not true, some inquiries have no impact. If you have any questions about your credit score or would like more details on how your credit score is calculated please send us a message. More contact information can be found on our website. #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #realestate #purchase #refinance #credit #creditscore #renew #faq #finexlending #finexlendingteam

This weeks FAQ Friday - Do Mortgage Brokers get better rates? Yes! Mortgage brokers typically receive discounted rates because of the volume they bring to lenders. You benefit from those discounts, getting rates you wouldn't get otherwise. Not only will mortgage brokers get better rates, because of their relationships with a variety of lenders they can also get the product that best fits your needs. If you are looking to purchase a home, renew your mortgage, refinance, or ...are just interested in what mortgage options are available to you, check out our website for contact details. We’d be happy to answer any of your questions. . . . #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #realestate #purchase #refinance #renew #finexlending #finexlendingteam See more

This weeks FAQ Friday: Does a mortgage broker charge a fee? . A mortgage broker works for you but is typically paid by the bank or lender. . How does this work? Mortgage brokers earn what's called a "finders fee" by bringing your business to a lender. However, mortgage brokers are compensated based on the mortgage loan amount, not the interest rate! Mortgage brokers will always work to get you the best available rate.... . If, for whatever reason, a mortgage broker needs to charge a fee it must be disclosed before you make any type of commitment. This way you are never hit with unexpected fees or charges. . If you are looking to purchase a home, renew your mortgage, refinance, or just are interested in what mortgage options are available to you, check out our website for contact details. We’d be happy to answer any of your questions. . . . #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #realestate #finexlending #finexlendingteam See more

This weeks FAQ Friday answers the question: What is the difference between a Mortgage Broker and a Mortgage Specialist? . While there are a many differences between the two, this defines it best: . A mortgage specialist works for the bank. They receive training in the products specific to the bank they work for. They promote and facilitate mortgages using only those products.... . A mortgage broker is a licensed professional who works independently from any one bank or lender. They are familiar with the products of the entire marketplace and work as an un-biased middle-man between you and many potential lenders. This way they can negotiate on your behalf for the best available product. . If you are looking to purchase a home, renew your mortgage, refinance, or just are interested in what mortgage options are available to you, check out our website for contact details and feel free to give us a call or or send us a message. We’d be happy to answer any of your questions . . . . #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #realestate #finexlending #finexlendingteam See more

This is a question that we get a lot. What is a Mortgage Broker? What does a Mortgage Broker do? We answer this question in the first of our series: FAQ Fridays. . A mortgage broker is a licensed professional who will help you find a mortgage product that suits your specific financial situation. . The Finex Lending Team works with you to understand your current financial situation and future goals. Then, we negotiate with lenders on your behalf to get the best rate for th...at product. . Check out "Our Approach" to mortgage strategies by clicking the link in our bio and see the 5 reasons to choose the Finex Lending Team for all your mortgage solutions. . #bc #ontario #canada #vancouver #toronto #georgetown #halton #haltonhills #gta #mortgage #finexlending #finexlendingteam See more