First Time Home Buyer Mortgage

Put your home equity to work for you

You have worked hard to build the equity in your home and now might be the time to get the equity, working for you. You may qualify to up to 95%* value of your home (Normally 80%) – one of the biggest assets you may own.

1. To take advantage of low-interest rates

Don’t let penalties deter you; first, know the numbers. Breaking your contract for a lower interest rate can save you money over time, depending on the penalty and the size of your outstanding mortgage. If you hold a variable rate mortgage, then expect to pay a penalty of three months interest, and if you hold a fixed rate mortgage, then you will pay the greater of three months interest or interest rate differential penalty (IRD).

2. To access equity (cash) in your home

Through refinancing, you can increase up to 80 percent of your house's value less any outstanding mortgages. That’s extra money for investment opportunities, home renovations, or your children’s education. There are several ways to access this equity including breaking your mortgage, taking on a home equity line of credit, or blending and extending your mortgage to your current lender.

3. To consolidate debt

If you have enough equity in your home, you will be able to pay-out high-interest debt through a refinance. For example, if you have a number of outstanding debts, such as a car loan, a line of credit, or credit card bills, you may be able to consolidate all of the debt through the variety of refinancing options available.

Break your existing mortgage contract early

You can consider breaking your mortgage early if you want to obtain a lower interest rate or access equity from your home. In this case, you can do away with your existing mortgage and take on a brand new one with any lender. Raman MORTGAGES can get you offers with up to 95% LTV.

Add a home equity line of credit

A home equity line of credit gives you access to the equity in your home at your own discretion. You are responsible for interest-only payments each month on the outstanding balance. You can access a home equity line of credit through your existing lender and a small subset of other lenders.

Blend and extend your existing mortgage

Your current mortgage granter might offer you a ‘blended rate’; essentially, a ‘blend’ of your current mortgage rate plus any additional money you borrow at current market rates. Blended rates are almost always higher than the most competitive mortgage rates on the market, so make sure you compare the blended rate against the savings if you break your mortgage.

WHAT'S YOU EXPECT

We Offer To You

First-Time Home Buyer Mortgage

Refinancing Your Property

Pre Approval

Debt Consolidation

Renew Your Mortgage

Self-Employed Mortgage

Private Mortgagess

Commercial Mortgages

Second Mortgage

Small Businesses Loans

Home Equity Line of Credit

Renew Your Mortgage

STEPS & PROCESS

Easy Approval Process

Conversation

When we say YES! We stand behind our PROMISE

CHOOSE YOUR SERVICE

Why You Should Choose Raman Mortgages

Borrowers

When we say YES! We stand behind our promise
Mortgage solutions based on your needs and qualifications
Fast approvals and quick closings
Save time and money
Lower mortgage rates due to lender discounts and promotions
Licensed, knowledgeable and experienced
Protect your credit score

Borrowers

The Most Important: Dedication to our agents!
Bootcamp-3-days: Learn Lead Generation, Products and Underwriting
Training: Weekly training and industry updates, One on one support
Mentoring: Specialize in Residential, Business and Commercial
Lead Generation: Proven successful campaigns to generate leads
Personal website; mobile Apps; online virtual meetings, e-signatures
Lenders: VIP access to more lenders and top tier compensation
Professional office (at no cost to you): Meet your clients at the office

Testimonials

We serve our clients best of capacity

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