In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Mortgagor
An owner of a property that has granted a lender a mortgage over their property. All mortgagors must buy a party to any loan secured by their property. Mortgagors can obtain mortgage loans with varying terms based on their credit profile and collateral. In a mortgage loan the mortgagor must pledge the title to the real property as collateral for the loan.
The most common obligations a mortgagor will have under a mortgage are as follows:
- Payment of all amounts due under the loan agreement
- Payment of costs and expenses
- Covenants
Mortgage brokers work by understanding a client's financial situation first. They then help them find the most competitive and appropriate financing option to meet their property goals.
Learn MoreA mortgagor has a right to discharge the mortgage in payment of the debt or performance of the obligations for which security was given. The right of redemption can also arise under contract provided the mortgagor is not in default.
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