Winnipeg Military Mortgage Broker Profile
Erin is a Mortgage Specialist whose knowledge and expertise paired with her commitment to her clients creates long-lasting, trust-based, relationships. Erin has been a successful mortgage specialist since 2016. She works with a
determination to understand her client’s goals and commits to finding the best mortgage solutions for their needs. Her top priority is to provide her clients with a pleasant, stress-free experience. In her free time, she loves renovating her 100-year-old home, going to the lake with her family and beloved dogs. In her free time and she can often be found with her horses on the trails in Birds Hill Park.
Choosing Erin Winter as your mortgage broker offers a personalized and expert approach to finding the best mortgage solution for your needs. With a deep understanding of the Canadian mortgage market and years of experience in the industry, Erin Winter provides tailored guidance and support throughout the entire mortgage process. From assisting with pre-approval to securing competitive interest rates and navigating complex paperwork, Erin prioritizes client satisfaction and strives to make the mortgage experience as smooth and stress-free as possible. Her dedication to transparency, integrity, and delivering exceptional service sets her apart, ensuring that clients receive the most suitable mortgage options tailored to their unique financial circumstances and goals.
Buying or Selling Home
When you are ready to sell your home and buy a new one, your first move should be to look into your mortgage options. If you will need a bigger mortgage, your options will include bringing your mortgage with you if it is portable. You can often “blend” your current mortgage rate with the mortgage rate on the additional funds you need. Read about the different types of mortgages available.
Military & RCMP Mortgages
For Canadian military personnel, there are several considerations and options when it comes to mortgages. Here’s some advice and information on rates for Canadian military mortgages:
- Canadian Armed Forces Home Equity Assistance (CAFHEA): This program is specifically designed for Canadian Armed Forces (CAF) members to assist with the purchase of a home. It offers a repayable loan to eligible members, which can be used as a down payment or to reduce the principal amount of the mortgage. The interest rate for this loan is typically lower than market rates, making it an attractive option for military personnel.
- Canadian Forces Appreciation Mortgage (CFAM): Some financial institutions in Canada offer special mortgage products for military members, such as the CFAM. These mortgages may come with discounted interest rates, reduced fees, or other benefits as a gesture of appreciation for the service of military personnel.
- Military Clause: When considering a mortgage, it’s essential to understand the military clause offered by some lenders. This clause allows military personnel to break their mortgage contract without penalty if they receive a posting or deployment orders that require them to move. Not all lenders offer this option, so it’s crucial to inquire about it when exploring mortgage options.
- Interest Rates: Mortgage interest rates in Canada can vary based on factors such as the lender, the type of mortgage, and prevailing market conditions. Military members should shop around and compare rates from different lenders to ensure they’re getting the best possible deal. Additionally, consider whether a fixed-rate or variable-rate mortgage is more suitable for your financial situation and risk tolerance.
- Credit Score: Maintaining a good credit score is essential when applying for a mortgage. Lenders will assess your creditworthiness when determining the interest rate and terms of your mortgage. Aim to pay bills on time, keep credit card balances low, and avoid opening new lines of credit before applying for a mortgage to ensure you qualify for the most favorable rates.
- Pre-Approval: Before beginning your home search, consider getting pre-approved for a mortgage. This involves submitting financial documents to a lender, who will then determine how much you can borrow and at what interest rate. Having a pre-approval can help you narrow down your home search and demonstrate to sellers that you’re a serious buyer.
- Financial Readiness: Before committing to a mortgage, assess your financial readiness. Consider factors such as your monthly income, expenses, savings, and long-term financial goals. Ensure that you’re comfortable with the monthly mortgage payments and associated homeownership costs without jeopardizing your financial stability.
It’s also advisable to seek advice from a mortgage broker or financial advisor who has experience working with military personnel. They can provide personalized guidance and help you navigate the mortgage process effectively. Additionally, consider exploring resources and support services available to military members through organizations such as the Canadian Armed Forces and military-affiliated financial institutions.
Rates and Mortgage Advice
Before you start shopping for a new home, you’ll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not be what you can actually afford, based on your personal situation. Only you can decide how much you’re comfortable paying every month. It’s worth a professional mortgage analysis to determine which option is the most beneficial to you. There’s no cost or obligation. I am up-to-date on current rates and all of the new opportunities available – from a wide range of lenders – so I can help you with all of your mortgage details for your next home. Visit your Winnipeg Mortgage Broker for more information.
Why Use a Mortgage Broker?
Mortgage Brokers are independent, trained professionals licensed to represent and provide you with the best advice for your mortgage needs!
A Mortgage Broker’s primary expertise is locating funding for mortgage financing. I know where the best rates can be found. What’s more, they have the knowledge required to present a proposal for financing to lenders in the best way possible to successfully obtain mortgage financing.
Mortgage Brokers work hard for YOU and NOT the banks!
Brokers are not limited in the product they can offer you. Brokers seek out the best lender package to suit your specific situation, whether it’s with a Chartered Bank, Trust or Insurance Company, or Private Funds.
There is a wide assortment of options and features available to homebuyers today. Shopping around takes a lot of time and effort. The mortgage process within today’s very competitive marketplace intimidates many Canadian homebuyers. It pays to work with a mortgage professional who will represent you and ensure the mortgage you get is the one best suited to your needs.
Choosing the wrong mortgage can cost you thousands of extra dollars. Mortgage Brokers are trained professionals who can help you save on your mortgage dollar. Learn about your Military Mortgage Options.
10 Reasons to use a Mortgage Broker
- Access to different lenders, banks, trust companies, investors and financial institutions.
- Fast credit and loan pre-approvals with no cost or obligation. (Some conditions may apply)
- They are experts at matching you with the best-suited mortgage.
- Get mortgage rates at wholesale, guaranteed up to 120 days.
- They work for YOU, not the bank.
- Up-to-date on all the mortgage rates, terms and re-payment options available on the market.
- They only specialize in mortgages and are knowledgeable on current trends.
- They increase competition in the market place, thus keeping rates low.
- They save you time and money!
- Brokers have vested interest in satisfying your needs since they rely on referrals and repeat business.
- Information on Military Mortgages.
Other than rates, why should I use a Mortgage Broker?
In addition to rates, because mortgage-based financing is the broker’s primary business, he or she has developed expertise in what type of mortgage financing each lender prefers to pursue. This kind of knowledge not only results in the most favorable rates for each project, but often whether a project is funded at all. BGRS information on Home Inspections, Mortgages and Real Estate Agents
How do Mortgage Brokers Find Superior Rates?
Interest rates are a concern to borrowers. Because of their daily contact with lenders, brokers know which project or home attracts a favorable interest rate from one institution, but a higher rate at another. Some institutions, in fact, will only accept mortgage submissions from mortgage brokers.
These rates, and preferences for types of mortgages, can change daily, depending on economic circumstances or based on the size of an institution’s portfolio in a particular type of mortgage. Your Mortgage Broker keeps current and knows which lender to approach first. As a result, mortgage rates obtained by Brokers are among the best available at the time of placement.
Why should I go to a Mortgage Broker first?
A professional presentation to a lender on the first application will get the best response and save you valuable time and money. Secondary applications with previous credit bureau inquiries may be more costly.
Often the success of obtaining mortgage approval depends on the way a proposal is presented and to whom it is sent. Your Mortgage Broker is trained to present your mortgage proposal where and how it will get the most immediate, positive result.
You don’t call an insurance company for insurance – you use an insurance broker, because of their expertise, product knowledge and rates. So remember, call your mortgage broker first!
How do Brokers get better deals than many Banks?
The lenders who work with mortgage brokers include traditional sources, such as chartered banks, trust companies, as well as corporate and private pension funds.
In addition to these sources, brokers often develop professional relationships with private sources of funds, termed private lenders. These lenders can provide many various mortgage products not available at conventional sources.
Newfoundland
Nova Scotia
Prince Edward Island
Quebec
Saskatchewan
CHOOSE YOUR LOCAL MILITARY OR RCMP MORTGAGE BROKER FROM ACROSS CANADA