Purchasing a property can be one of the best ways to invest in your future. Once you are ready to purchase your first home, or simply to add to your portfolio, it’s important to get your financing in place and know how much you can afford in order to be ready when the time comes to make an offer.
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The Benefits of Financing a Purchase with Burke Financial
Purchasing a home is one of the biggest financial decisions a person can make in their lifetime. Making sure you get the right advice and someone there every step of the way is critical to making the purchase process stress-free. Below you will find some of the main benefits of using Burke Financial to help finance you next home!
Pride of Ownership
Pride of ownership is probably the number one reason that people enjoy owning their own homes. It means you can paint the walls any colour you desire, turn your music up, attach permanent fixtures, and decorate your home according to your taste.
Homes can lose value, but it doesn’t happen often. According to many sources, buying a home is one of the safest investments you can make. As real estate prices continue to average great returns year over year, not only is it a safer investment, it is also very profitable as well.
Let’s face it, moving sucks. Having a home of your own allows you to stay in one place as long as you want. By getting a Purchase Property solution you will not have to worry about dealing with the immense stress and costs associated with constantly finding a new place to live and moving.
Future Equity Growth
Getting into the real estate market allows you to take advantage of the future value growth of your home. For example, if you own a $500,000 home and the value of your home goes up 10% over the year, you have just earned $50,000. If you stay in your home for 10, 15, or 20 years, that can be a significant amount of equity that you earn.
Perhaps the biggest benefit to owning rental property is that it’s a passive income source. This means that it is recurring income that requires relatively little effort to maintain. It can be an attractive option for people looking to make some money on the side, or even as additional financial security during retirement.
Stop Paying Rent
No one wants to pay someone else’s mortgage. Not only that, but the rent you pay you will never get back. Even if your payments are slightly higher than renting, knowing that the payments you are making each month are contributing towards your own better financial future, rather than that of your landlord. VERIFIED
Buying a property is typically one of the largest financial transactions you will make during your lifetime. This is why it is so important to work with an experienced, knowledgeable mortgage professional when you are ready to buy. Knowing everything about the process such as how much down payment you will need, what are your closing costs, and how much you can afford are all critical parts of the decision making process.
We Have Helped Thousands of Canadians Own Homes!
Buying a home can be an intimating, question filled process. That why our a team of experienced, knowledgeable mortgage professionals will be there to help you every step of the way. From pre-approval to funding, we will make sure you are both educated and prepared every step of the way.
Why Choose Burke Financial
While many financial institutions may offer 2nd mortgages in Ontario, finding a lender that fits your personality and your financial needs is easier said than done. That is unless you have a mortgage brokerage specializing in precisely that.
Burke Financial is an experienced mortgage broker that will help you get the best interest rate for your situation. We access our vast network of private lenders, MICs, banks, and investors to find the right match. We invest our time and resources with as much care as you’ve put into owning and maintaining your home.
At Burke Financial, we understand that taking out a second mortgage in the GTA and other cities across the province is a big deal, and we don’t take it lightly. We have ample industry experience helping people from all over Ontario get the best mortgage rates and will do everything to make sure you get the best possible deal.
Our team will help you weigh your options and identify the right type of mortgage product for you. A 2nd mortgage might be the right solution for you!
We’re always happy to answer questions to help our clients better understand the process. Apply now to get in touch with one of our mortgage broker specialists.
Boost Credit & Save More
Credit repair within 60 days
Once your loan is funded and debts are paid, you will see an increase in your credit rating within 2 months.
Public records to fall off
Your paid collection items, judgements, and consumer proposals will also begin to update.
Qualify for better products
As your overall borrower profile improves, you will quality for better products and save more.
North York, Ontario
Millions in Loans Funded
Millions Dollars Saved for Clients
Happy and Satisfied Customers
Frequently Asked Questions
Mortgage brokers are licensed financial professionals that have the resources to find the lowest rates and the appropriate payment plans for their clients. Working with a broker will save you time and ensure you get the best possible deal.
A mortgage broker acts as the middleman between you and the extensive paperwork involved on your behalf for a set fee. They are often able to foresee problems that could arise during the application process and tailor your application based on what each lender needs.
The role of a mortgage broker is to act as a connection between the borrower and the lender to secure a loan on behalf of the individual or their business. Their responsibilities include negotiating rates, dealing with the paperwork, and facilitating an agreed-upon loan and payment plan
One of the most significant benefits of working with a broker is their extensive network, as they have the tools and resources to identify and obtain the loan that will fit your needs.
A mortgage broker compiles a homeowner’s financial documents, accesses their credit history, and confirms current and past employment to present an application to multiple lenders. They help negotiate the terms and conditions of your payment plan and, once the loan is agreed, will work with the lender to ensure a smooth and efficient transaction.
Mortgage broker fees in Ontario vary based on your unique situation and the solution you are seeking. Contact us today for a more personalized estimate of what you can expect your fees to be.
Owning a home is an investment that deserves detailed attention and care. When unexpected expenses occur, or you need to consolidate your debts, it’s essential to find the right broker to step in and offer a solution tailored to your financial needs. We operate with a vast network of lenders, including subprime mortgage lenders across the province, and we’ll work diligently to find the right match for our clients.
At Burke Financial, our mission is to give homeowners across Ontario the best possible borrowing experience through a high level of service and expertise.
When you work with us, you’re working with an award-winning team that specializes in getting even the toughest of applications approved. We’re putting money in your pocket faster, so you can invest in your future.
Burke Financial offers mortgage broker services, with a specialty in subprime mortgages, across the province of Ontario.
At Burke Financial, we know that each homeowner’s experience is unique. We offer a personalized approach and help connect our clients with subprime lending options across Ontario. From day one, we treat each interaction with our clients as a chance to change their borrowing experience to a positive one.
We take the time to understand what our clients are looking to accomplish with their applications. We personalize short-term and long-term solutions to help our clients achieve long-term financial health.
We look at our client’s main priorities to make sure we shape the optimal payment amounts, term length, prepayment privileges, interest rates, and much more. We know how important it is to align our clients with reasonable rates and terms and educate them on areas like an exit strategy to make sure they are always on the right path.
As an industry-leading Mortgage Brokerage, we leverage our vast network of banks, institutions, MICs, private lenders, and investors to connect our clients with some of the best lending options.
Even if your credit score is below 650, our vast lending network allows us to deliver approvals for even the most complex applications. We believe every homeowner deserves to make the most of their home’s equity. We negotiate on your behalf and shop your application to multiple lenders to get you the most competitive rates and terms.
With our quick turnaround times, we can put money in your pocket in as little as 48 hours. Our goal is to deliver the best possible results for our clients and deliver them fast!
Communities We Serve
We provide service throughout all of Ontario with a focus on the following cities: