Mortgage & Financial Counselling

It is important to remember the benefit of using a mortgage broker’s services when seeking to purchase a home, or refinance an existing mortgage. As a brokerage we work 1 on 1 with all clients to strategize before arranging the mortgage to ensure that the mortgage we do obtain, meets their future goals and objective. Canadian Mortgage Services in Brampton can provide the financial counselling you would otherwise not expect to receive from a mortgage related transaction. The financial advice we can provide will based on your current financial situation and the short/long term strategy needed to get your finances back on track while of course, using your own equity to do so. Our experience and success in the industry allows us to use strategies we have gained over the years to overcome obstacles that pose a threat to your mortgage related goals. Canadian Mortgage Services can provide financial counselling in Brampton, Mississauga and surrounding areas. We provide financial advice related to your mortgage or mortgages, credit, debt ratios, self-employed income, equity based loans, debt consolidation and much more. When providing our financial recommendations regarding your mortgage/mortgages, we will always address the pros and cons of any changes needed to be made. Like any decision, we would never recommend a solution where the cons would otherwise worsen your finances over time.

Take advantage of our knowledge, success stories and education in the industry and use the financial advice we provide to better the years to come. Far too often, clients may be blind sighted by the stress and burden they have from accumulating debt, poor credit and lack of finance management… however we will not only arrange your mortgage but we will give you the useful tips to turn your finances around in a span of 1-2 years. Let’s not forget, improving your finances will not happen overnight, and that is why we keep in touch regularly with our clients to address any new questions or concerns that arise along the way.

Canadian Mortgage Services is a mobile mortgage broker serving Brampton, Mississauga, Oakville and across the GTA. Trust our years of experience with financial counselling, call us today 905-455-5005 to request your FREE Consultation.

FAQ’s – Mortgage & Financial Counselling

Q: What type of financial counselling does CMS provide?

A: Our designations are specific to mortgage financing only. Mortgage financing involves many components of personal finance (personal credit, down payment, assets and liabilities, income, etc.). To be clear, we do not give tax planning, personal banking, or investment advice. However, if you need to know how to improve your credit score, lower the down payment needed, payoff liabilities, increase cash flow or prove personal/business income, we can share our combined 50+ years in the industry through our financial counseling.

Q: Does CMS charge for financial counselling?

A: We do not charge for financial counselling. We use the free consultation and continued support as an opportunity to prove our expertise, build trust and educate others. We do not believe that you should pay for good mortgage advice.

Q: What do I get as part of CMS’s financial counselling?

A: Strategy! It’s the most overlooked and underappreciated service provided by mortgage brokers. Buying a home is likely to be one of the biggest purchases you’ll ever make, and so you need good strategies and financial counselling to obtain good financing. Strategies change depending on the bank, lender, size, and type of mortgage, so it’s important to strategize with someone who understands the products available through various institutions. That’s the difference between speaking to a bank employee vs. working with a mortgage broker.

Q: I’m just calling around, what's the best rate you can offer me?

A: Qualifications have changed over the last 3-5 years with the addition of many lender requirements for default insurance…  and of course, everyone’s favorite “stress test” (*sarcasm*). There are also many variables within each application that we must understand before we can accurately provide you with the best rate that you qualify for. Most of our competitors advertise the ‘lowest rate’, which mislead borrowers to believe that there is one rate that applies to all. However, if you read the fine print, you’ll begin to understand that that the advertised lowest rate is not applicable to you. We call this ‘bait and switch’.


For example, the lowest rates in today’s market are applicable to borrowers that require a “high-ratio insured mortgage” for the purchase of their home. This means that borrowers must be purchasing and would need to put less than 20% on a purchase of less than $1 Million. However, you may be looking to refinance your existing mortgage, which then disqualifies you from those advertised rates. We choose not to bait and switch our clients with rates because it is poor practice. 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 of that rate. No institution, brokerage or lender can accurately predict if you will qualify for their lowest rates without first determining your qualification for those rates. The best way to determine the best rate for YOU is to set up a consultation with us (5-10 minute phone call at most). 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 our primary objective for you, there are other factors that may be considered equally important, depending on the circumstance of the borrower. Some mortgage products allow the borrower to make considerable prepayments against their mortgage balance without penalty, others give you a cashback options, excess funds for home improvements, etc. This is why it is important to speak with us so that we can fully understand your needs and in turn, educate you on the options best suited for you based on that understanding.

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