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| ABOUT FINANCIAL ENTERPRISE |
The Financial Enterprise offers a wide range of financial services. We currently provide Mortgages, In-house Insurance, Investments, and Private Money to the general public. Our agents are trained with the best in the business to ensure sound financial advice when it comes to securing your first home or investment. Whether you are looking to purchase a new home, refinance your existing home, or consolidate your debts we have the right solutions for you! Our Knowledge, Professionalism, and Experience gives us a competitive advantage in the marketplace along with our “one-stop shop” approach. With over 30 Lending Institutions to choose from we do the shopping for you so you don’t have to! Our agents are up to date with the latest mortgage rates/products and will choose one that fits right for you. More importantly we will show you how to Buy, Invest and Protect your new home purchase. With this goal in mind, it has enabled us to become one of the major contributors to the growth of the mortgage and financial industry in Canada.
Below is a list of our services and expertise |
| Mortgages |
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Insurance |
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Investments |
- Residential
- Commercial
- Construction
- Debt Consolidation
- Refinances
- Private Mortgages
- Transfers/Switches
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Life/Disability Insurance – Our experts will provide you with affordable life and disability insurance to protect your family in tough circumstances. |
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Our agents will show you how to invest your money wisely in secure and safe environments.
Private Funds:
Our in house private money is a prime difference from our competition. We administer mortgages on behalf of our many investors and provide an alternative lending solution. |
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| CLIENT TESTIMONIALS (Back to top) |
"Thank you very much for the extra special attention you gave to my recent refinancing of my mortgage.
It’s been a difficult road for me to reach this stage in getting a rate that is well below the previous high rate of 9.2% that I was carrying due to past credit history difficulties. Other attempts to refinance, even after identifying that the penalty for an early exit from my mortgage would be less than the savings I would reap from lowering my rate to the now variable of 2.05%, was unsuccessful.
I am glad that I took the chance to contact you from your posting on Facebook of all places. You have indeed gone the extra mile to get me this refinancing and I am sure to pass your contact information to friends and family.
Thank you again and looking forward to future business!"
- Vince Harris |
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| THE POWER OF A MORTGAGE BROKER (Back to top) |
Do you know the difference between a Mortgage Broker and a Bank Mortgage Specialist?
There are actually a number of differences which you may not be aware of.
Here’s some information to help you understand.
A Mortgage Broker works for you, the client, whereas Bank Specialists are employed by the financial institution.
The benefit of using a Mortgage Broker is the fact that they have the ability to offer you mortgage products from a number of financial institutions. Because a Bank Specialists works for the bank, that means that they can usually only offer you their institution’s products.
Brokers are typically paid the same amount no matter what rate is offered to the client. Bank specialists’ rate of pay is generally reduced in direct relation to the amount they discount your rate from the bank’s posted rate.
Depending on your Province, Mortgage Brokers must be licensed and are subject to a strict set of requirements. Accredited Mortgage Professionals (AMP) must take continuing education courses in order to maintain their accreditation. Bank specialists are not licensed and require no formal training.
Because Mortgage Brokers don't work for a specific lender, your assured that you will be given impartial advice. A bank specialist has a limited number of their own institutions products and while it may not be the best mortgage product out there, they will do their best to sell you their institutions mortgage product cause if they don't your going somewhere else.
Mortgage brokers use their knowledge and experience to negotiate the best possible rate and product for you from a number of lenders. When you see a bank specialist, that mortgage negotiating is typically left up to you.
For conventional financing, the services of a mortgage broker are generally provide at no cost to you. If there is a cost, you will be advised of those costs up front.
So in conclusion, if you have the ability to use the services of a professional Mortgage Broker and have that Mortgage Broker do all your mortgage leg work at no cost, why would you not take advantage of the offer?
FYI, Today, 75% of people in the United States use mortgage brokers. Because the Mortgage Brokerage Industry is relatively new in Canada, the numbers are lower, however, those numbers are increasing every year. |
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