Brad Hernandz :Mortgage Consultant

914.433.5810

Mortgage Calculator

The results of this loan payment calculator are for comparison purposes only. They will be a close approximation of actual loan repayments if available at the terms entered, from a financial institution. This is being provided for you to plan your next loan application. To use, enter values for the Loan Amount, Number of Months for Loan, and the Interest Rate (e.g. 7.25), and click the Calculate button. Clicking the Reset button will clear entered values.

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A mortgage consultant is an independent agent, an intermediary between you the consumer and the lender. The consultant will shop the available lenders to find the product that offers the best combination of features, options and rates to suit your individual circumstances. The best part - depending on your credit picture - there is no charge to the consumer for the service! The mortgage consultant’s fee is normally paid by the lender.

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Why use a Mortgage Consultant?

With the fluctuation in interest rates of late, homeowners have become more aggressive in seeking out the best possible terms from a lender. The appeal of a mortgage consultant lies in the opportunity to effectively search a large segment of the mortgage industry for the optimum terms, rather than negotiate personally with only one or a few lenders. As a result, the popularity of mortgage consultants is growing.

Last year, 25% of all mortgages placed in Canada were through a mortgage broker compared to 14% in 1999 (A CMHC survey predicts that by 2005, 50% of all mortgages in Canada will be through a mortgage consultant).

Mortgage Quotes

A consultant can also be a source of information and an unbiased help in wading through the myriad of options available in the industry today. Wondering about the advantages of refinancing? Want more information on the Home Buyers Plan? How about advice on adjustable term ? Having problems getting a mortgage because you’re self-employed? Or maybe you need special help arranging financing for an investment property. These are the kinds of issues a broker can help with, and usually at no cost to the buyer.