You likely have questions, and we have answers.
Here are some of the most frequently asked mortgage questions from our clients. If you have other questions that are not answered here, please drop us a line!

Q: My credit is good, so the bank will approve me. Why should I choose you?

A: Although this may be true, banks are limited by their inability to provide solutions outside of what they can offer. Infact, these days borrowers are more likely to use our services because we have access to numerous lenders, which allows us to tailor the best solution you may qualify for… irrespective of your financial merit! Don’t be fooled by this common misconception: it’s true we help community members that are declined by their banks, but CMS also helps people with great jobs, excellent credit, and lots of equity in their homes.

Q: I have bad credit and have been declined by the banks. How can you help me?

A: If you’ve visited a bank and they’ve denied you a mortgage based on your credit qualification or feel that your credit may not meet qualifications to receive a mortgage approval, don’t worry, we specialize in getting you approved and making it work for you! We understand that your credit may not allow you to receive the traditional financing from the banks and our mandate is to use our resources to get you the financing you know you deserve!

Q: What is Home Equity?

A: Home Equity is the Net – Positive difference between the Market value of your home and the remaining debt to it. For example, If your home is Market Valued at $300,000 and the remaining debt to the property is $160,000, your Equity would, in this case be $140,000. Did you know that accessing your home equity is one of the best ways to access immediate funds for your various needs?

Q: Why would I want to consider an Equity Take-Out?

A: Home Owners may want to use this option as a way to finance renovations, fund education, investments in other means, pay off credit cards, etc.

Q: I called a few places already, what's the best rate you can offer me?

A: First of all, we don’t use the bait and switch method (We don’t believe in FINE PRINT Marketing). By that we mean, we will not promise a specific rate that we can offer you without assessing the factors that will affect the approval process of that rate. No institution, brokerage or lender can accurately predict if you would qualify for their lowest rates without determining your qualification for that rate .The best way to determine the best rate for YOU is to set up an appointment with us. Don’t worry, you won’t be wasting our time and we definitely won’t waste yours!

Q: What other factors should I consider when shopping for a mortgage?

A: A common misconception many borrowers have is placing a heavy emphasis on the importance of the “lowest rate.” Although this is an important factor in determining an ideal mortgage solution, there are other factors that may be considered equally important, depending on the circumstance of the borrower. Some mortgage products allow the borrower to fully payback the mortgage without penalty, others give you a cashback option, etc. This is why it is important to speak with us so that we can fully educate you on the options best suited for you.

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