You’re likely visiting this webpage to learn how discount mortgages in North York can be obtained, what they involve and how to find the very best mortgage deal. You have come to the right place!

Generally speaking a discount mortgage is just a term to describe a mortgage that offers a low rate, however it is important to note that mortgage rates are not one-size fits all. Rates are based on an individual’s financial situation and can fluctuate based on circumstance. The best possible rate available you will not be the same for the next person.

How can you obtain a discount mortgage in North York?

As stated, a discount mortgage is one that offers the best rate for you and your situation. Obtaining a mortgage is fairly common; obtaining a discount mortgage can take a little more advance planning and some unconventional thinking.

What is involved in getting a discount mortgage in North York?

Advanced planning in order to get a discount mortgage means:

• taking inventory of your financial situation,
• taking steps to decrease your debt to credit ratio and by proxy;
• improving your credit score.

The best way to determine what your credit looks like on paper is by accessing a credit report from one of the two primary Canadian credit bureaus (Equifax or TransUnion). If your credit score is already in the very good to excellent range (anything over 720) you can concentrate on reducing any debt load you have and avoiding any unnecessary credit inquiries to ensure that your score remains high. If your credit score falls below the 720 mark, you may have a little more legwork to do in order to secure better discount mortgage rates.

This legwork should start with a review of all the information on your credit report, including personal information such as your name, birthdate and address. Make sure that any credit accounts listed on your report look familiar. Credit report information that is incorrect or missing can be easily updated and are a quick way to improve your score.

The Very Best Mortgage Deal In North York

As mentioned above, unconventional thinking is also a great way to ensure you’re getting the best discount mortgage in North York:

• • Conventional discount mortgage options are as simple as reaching out to a bank or mortgage lender to see what types of mortgage rate that you and your current situation quality for.
• • An unconventional discount mortgage option means thinking outside the box. Take the time to look into loyalty and discount shopping platforms for arranging a mortgage and see how they can translate into the very best mortgage deals.

When you are at a good place credit-wise and where you feel comfortable shopping for mortgages, loyalty and discount purchasing platforms are a great way to both make your money work harder for you AND help you look for a discount mortgage in North York. These types of platforms can be easily found online though it can sometimes be hard to determine which ones offer the best value. This is because they offer reward schemes designed to foster brand loyalty rather than a genuine interest in helping the consumer save money. For instance, if you purchase so much product from a brand you can earn points towards further purchases from that brand. Another example is if you purchase a certain number of items from a brand, you can earn a free item from that brand.

The point of most of these programs is that they want you to continue to spend your money with them and not at their competition. The key to finding the best, most rewarding loyalty platform is to look for a program that offers real cash back rewards on a wide variety of purchases and does not limit you to a particular brand, or specific items.

Shop2Save, a maverick in online savings platforms is a consumer membership buying application that makes loyalty about the customer and not about the brand. In recognizing that customers, as individuals don’t have the power to get the best possible prices that big companies do (through volume purchasing and wholesale prices) Shop2Save created a platform that not only gives the customer the power to get the best deals, but also to earn rewards. Rewards on the dollars members spend on everything from everyday items, AND on big investments like real estate, and even mortgages.

That brings us back to discount mortgages in North York. By shopping for a mortgage through shop2save platform you have the ability to get the best possible rates for your situation, AND earn real cashback rewards dollars as well. Shop2Save services and rewards their North York members who are looking for a discount mortgage by connecting them with Dominion Lending Centers who negotiate with over twenty top financial lenders in Canada.

Visit Shop2Save today to see how true loyalty programs work.