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Home Purchase     Refinance     Renewal

Home Purchase

Whether you are a novice in buying homes or a seasoned buyer, every mortgage consumer requires the expert guidance of a mortgage broker to secure the most suitable mortgage for the situation. Meridian Coastal Mortgages understands the specific needs of individual consumers and will help you make decisions that will positively influence your success in the real estate market. 

Novice/First-Time Buyers:

 

Seasoned Buyers:



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Refinance

    THREE REASONS WHY YOU MAY WANT TO REFINANCE:


1.Consolidate your high-interest debt: Consolidate high-interest credit card debt and your overall monthly payments can be reduced substantially.

2.Get extra cash: A mortgage refinance can give you extra cash for the things you've always wanted to do, such as starting a home business, taking a long overdue family vacation, investing or maximizing your annual RRSP contribution.

3.Get cash for home improvements: Whether you have a repair to make, a dream project to start, or you just want to increase you home's value, Meridian Coastal Mortgages may be able to get you the cash you need.

 

3 MYTHS CLARIFIED...

MORTGAGE MYTH #1 COASTAL MORTGAGES' FACT

It will take at least three months to refinance.                    

 

Meridian Coastal Mortgages can often fund your loan in as little as two to three weeks.

 

MORTGAGE MYTH #2 COASTAL MORTGAGES' FACT
Refinancing requires me to complete
lots of paperwork.

At Meridian Coastal Mortgages, we will walk you through the entire process, explain what information you need to provide, and then only send to you the paperwork we need you to fill out and sign, we will do the rest.

 

MORTGAGE MYTH #3 COASTAL MORTGAGES'  FACT
You should only refinance when interest
rates are at their lowest.
Even when rates are not at record “lows”, refinancing makes good financial sense if you can pay off high-interest credit card debts and lower monthly payments.

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Renewal

Renewing your mortgage is as important a financial decision as selecting your first one. But did you know that 50% of clients sign their mortgage renewal at posted rates without even asking for a discount?

What to do when you receive your mortgage renewal from your bank:


  • Don't sign it! Review in detail what you want to achieve with your mortgage. The rate is not always most important, you also need flexibility and options.


  • Call your bank and ask to speak with a Loans Officer. Ask him/her what the best mortgage rate they can offer you is. What are the pre-payment options of that mortgage?


  • Call a mortgage broker to see what the best rate and options they can get you with their suite of lenders
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