Many people’s mortgage agent of choice in Mississauga, Richard Bacchus, is driven to help as many people as he can achieve their dreams. For some that means getting a residential mortgage loan to purchase their first home or a home they plan to live in for a specific period of time. For others it may mean being able to purchase their forever home, that special place they have always dreamed of. And for those looking to purchase residential investment properties in Mississauga, Richard can help you find effective mortgage solutions as well.

Call Richard Bacchus, located in Mississauga, to get you your Residential Mortgage today!

When applying for a loan or residential mortgage in Mississauga it is very important to keep a record of all of your income streams, expenses, assets, and debts year after year. The reason for this is it paints a financial story of your net worth, habits (good and bad), and potential financial constraints you may have. This results in money lenders determining how risky of an investment you are (i.e. they are giving you money with the hopes of getting it back plus interest). Therefore, the more financial documents you have the better. But to get you started, some documents that you should begin to put together are:

• Government ID
• Pay Stubs
• Bank statements
• Tax returns
• A spreadsheet of all your assets and their current approximate values (i.e. cars, house, clothes, jewelry, electronics, stocks, bonds, mutual funds, etc.)
• Documents that outline your current monthly expenses and things you owe (i.e. car purchase invoice and monthly payments, condo fees, any outstanding loans or mortgages, etc.)
• Renting history (if applicable)
• Job letter
• Gift letters saying how much money someone (i.e. friends, family, loved ones) is giving you as a gift and not a loan
• Credit history

Richard Bacchus, a Centum Mortgage agent, does not charge any fees for getting you an approved loan or Residential Mortgage. When he provides Mississauga residents with his services it is 100% free of charge to you. The way Richard gets paid is a sales commission or referral fee from the financial lender, as a thank you for bringing their business a new client. However, Richard would not give them your book of business unless he was sure you were getting the best offer and rate based on your financial situation. This is because he takes pride in helping his clients succeed and thrive in todays fast changing and complex world.

Start your residential mortgage application in Mississauga today. Call Now!

Richard and his team are experienced in providing mortgage services to people with various financial circumstances. If you are not sure what type of mortgage would work best for you, Richard will work closely with you to determine the best mortgage solutions that meet your needs. Once he has analyzed your financial position he will be able to work with established Mississauga residential mortgage lenders to get you a loan at a rate that is affordable for you. Some of the types of mortgages that you can get when looking for a residential mortgage in Mississauga are:

• Closed Mortgages
• Open Mortgages
• Home Equity Lines of Credit (HELOC)
• High ratio mortgages
• Low ratio mortgages
• Adjustable Rate Mortgages (ARM) also known as Variable Rate Mortgage (VRM)
• Fixed Rate Mortgages

A mortgage amortization is a payment schedule that is created for you based on your mortgage amount, interest rate, and timeline for which you would like to fully payoff your loan or mortgage. The longer you set your duration to be the smaller your monthly payments making it easier for you to manage your expenses each month and still enjoy your daily life. The downside to extending the time period of your mortgage is that you end up paying more interest in the long run. However, no two people’s financial situation is the same and therefore each one needs a customized strategy and action plan to determine what would work best for their given situation. This is where Richard Bacchus can help, as he will work with you to create a financial plan that you are able to maintain reducing your chances of missing mortgage payments.

Want more information on how to get your residential mortgage in Mississauga and make sure you are able to maintain your requirement payments. Call Today.

Whether you are looking for a first, second, or third residential mortgage, you should choose Richard Bacchus to be your residential mortgage agent in Mississauga. He is dedicated to help you get the mortgage you need to achieve your dream and will support you throughout the entire process.

Being a mortgage agent in Mississauga, Richard Bacchus has had the opportunity to work with many people from all walks of life. However, unlike many mortgage agents, Richard has worked in a family restaurant and as an auto mechanic for much of his life and understands the hardship that trades people and the “little guy” face when trying to apply for a loan or mortgage. This is why he works so hard to help his customers get a loan or a residential mortgage in Mississauga, because he understands and has experienced the same challenges as you have. Typically, most people believe they can only go to a bank they use to get a residential mortgage in Mississauga, which means you are stuck with their rates or worse yet, denied that loan or mortgage you need. Even if you were to take the time out of your busy schedule to go to a variety of banks, what would you have rather been doing that is more important to you or aligns with your skill set. The advantage to working with Richard, who is a licensed mortgage agent is that he is not limited to just banks to get you that residential mortgage you are looking for in Mississauga. He has the ability to shop around to many financial institutions such as investment firms and private lenders on your behalf. The end result is that not only will Richard be saving you time and energy, but he also will be able to get you the best rate possible for your loan or residential mortgage in Mississauga based on your financial circumstances.

If you need something other than a residential mortgage, Richard Bacchus also provides an assortment of other services depending on your financial situation and goals you are looking to achieve. He provides:

• First time home buyer mortgages
• Second mortgages
• Mortgage renewals
• Property refinancing
• Private mortgages
• Loan pre-approvals
• Debt consolidation
• Reverse mortgages
• Home equity lines of credit (HELOC)
• Small business loans
• Self-employed mortgages
• Commercial mortgages

Fill out the form below today to have Richard begin to work with you to get your residential mortgage in Mississauga or other type of mortgage or loan.