• Mortgages
    • Refinance
      • Debt Consolidation
      • Renovation Finance
      • Equity Takeout
    • HELOC
    • Mortgage Renewal
    • Reverse Mortgage
    • Commercial
    • Second Home
    • First Time Home Buyer
    • Construction Financing
    • Purchase and Improvement
    • New To Canada
    • Pre-Approval
  • Calculators
    • Mortgage Payment Calculator
    • Mortgage Affordability Calculator
    • Land Transfer Tax Calculator
  • About Us
    • Community Outreach
    • Meet Our Team – Agents
    • Meet Our Team – Corporate
    • Why 8Twelve
  • Careers
  • News You Can Use
  • FAQ
  • Contact Us
Apply Now
1.877.812.8123
  • EN
  • |
  • FR
  • EN
  • |
  • FR
1.877.812.8123
  • Mortgages
    • Refinance
      • Debt Consolidation
      • Renovation Finance
      • Equity Takeout
    • HELOC
    • Mortgage Renewal
    • Reverse Mortgage
    • Commercial
    • Second Home
    • First Time Home Buyer
    • Construction Financing
    • Purchase and Improvement
    • New To Canada
    • Pre-Approval
  • Calculators
    • Mortgage Payment Calculator
    • Mortgage Affordability Calculator
    • Land Transfer Tax Calculator
  • About Us
    • Community Outreach
    • Meet Our Team – Agents
    • Meet Our Team – Corporate
    • Why 8Twelve
  • Careers
  • News You Can Use
  • FAQ
  • Contact Us

What is the ‘best’ mortgage for me?

Posted November 11, 2020

What is the ‘best’ mortgage for me?

Is it the cheapest? The shortest? The longest? The one with the most payout options? It depends on what your needs are.

Defining your needs

The process of identifying the ‘best’ mortgage begins with understanding and defining your needs and preferences. It also depends on your current situation and your future plans.

For example, if you want to pay it off fast, you may want a shorter term and/or some great payout options. Or you may want to get access to equity to pay for your kids schooling or a second home.

Lots of things go into identifying the best mortgage for you at any given time:

·       Rates

·       Term

·       Payout options

·       Funding for home renovation

·       Funding for school

·       Funding for a second home

·       Lowest payment

·       Fastest payment schedule

·       Additional features (e.g. cash return, revolving credit, etc.)

·       Access to equity (CHIP reverse mortgage)

How do I tell if it’s the ‘best’ mortgage for me?

Your 8Twelve Mortgage Broker will help you answer the defining questions to help identify the best mortgage. Your interview with them will include a discussion of your current and future financial situation, your immediate and future objectives, changes in your lifestyle and more.

The 8Twelve Mortgage Broker has a defined process for helping you both understand your needs and evaluate the options available. Their experience and step-by-step process will assure you of reviewing all the pertinent options and to help clarify the options with the greatest potential to address your needs.

Trust your 8Twelve Mortgage Broker to help you get the ‘best’ mortgage!

Contact us today

Search For A Topic
Browse Topics By Interest
  • In The News
  • Marketing
  • Mortgage
  • Press
  • Refinancing
  • Reverse Mortgage
  • Tips
  • Uncategorized
Recent Posts at 8Twelve
  • What Brokers Should Prioritize Amid Rising Rates
  • 8Twelve Financial Technologies Welcomes Martha Durdin to its Board
  • How to Get a Mortgage When You’re Self-Employed
  • 8Twelve Financial Technologies Welcomes David Sharma to its Board
  • 8Twelve Mortgage – Empowering Mortgage Agents
Archived Articles
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • December 2021
  • November 2021
  • January 2021
  • December 2020
  • November 2020
  • July 2018

Share this Article

Share on facebook
Share on twitter
Share on linkedin
Share on email
Learn more at 8Twelve Mortgage
What Brokers Should Prioritize Amid Rising Rates
What Brokers Should Prioritize Amid Rising Rates
8Twelve Financial Technologies Welcomes Martha Durdin to its Board
8Twelve Financial Technologies Welcomes Martha Durdin to its Board
How to Get a Mortgage When You’re Self-Employed
How to Get a Mortgage When You’re Self-Employed
8Twelve Financial Technologies Welcomes David Sharma to its Board
8Twelve Financial Technologies Welcomes David Sharma to its Board
8Twelve Mortgage – Empowering Mortgage Agents
8Twelve Mortgage – Empowering Mortgage Agents
Leading with Technology
Leading with Technology
Canadian Mortgage Market Evolution
Canadian Mortgage Market Evolution
Need relief? 5 programs homeowners should know about
Need relief? 5 programs homeowners should know about
Financial Literacy in Canada: 5 things you need to know in 2021
Financial Literacy in Canada: 5 things you need to know in 2021
What is Home Equity (And How Can I Use It?)
What is Home Equity (And How Can I Use It?)
Here’s why the Bank of Canada interest rate should interest you
Here’s why the Bank of Canada interest rate should interest you
Is a second mortgage or reverse mortgage right for you?
Is a second mortgage or reverse mortgage right for you?
Is it Worth the Cost to Break a Mortgage?
Is it Worth the Cost to Break a Mortgage?
Eliminating Credit Card Debt
Eliminating Credit Card Debt
Hello, tech! How technology is helping homebuyers open new doors
Hello, tech! How technology is helping homebuyers open new doors
Home Insurance Basics
Home Insurance Basics
Canada’s Housing Outlook After COVID-19
Canada’s Housing Outlook After COVID-19
Home inspections: Don’t buy a home without one!
Home inspections: Don’t buy a home without one!
Home Buying for Self-Employed Canadians
Home Buying for Self-Employed Canadians
Find the perfect work-from-home
Find the perfect work-from-home
Make Space for Small Business
Make Space for Small Business
Is Property Investing For You?
Is Property Investing For You?
Help! How can we buy our first home?
Help! How can we buy our first home?
5 Ways to COVID-proof your finances this fall
5 Ways to COVID-proof your finances this fall
How to Weather Rising Mortgage Rates
How to Weather Rising Mortgage Rates
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
What is the ‘best’ mortgage for me?
What is the ‘best’ mortgage for me?
First-Time Home Buyer Tips
First-Time Home Buyer Tips
Do’s and Don’ts of Refinancing
Do’s and Don’ts of Refinancing
Are Canadians saving enough for retirement?
Are Canadians saving enough for retirement?
Previous
Next
Learn more at 8Twelve Mortgage
What Brokers Should Prioritize Amid Rising Rates
What Brokers Should Prioritize Amid Rising Rates
8Twelve Financial Technologies Welcomes Martha Durdin to its Board
8Twelve Financial Technologies Welcomes Martha Durdin to its Board
How to Get a Mortgage When You’re Self-Employed
How to Get a Mortgage When You’re Self-Employed
8Twelve Financial Technologies Welcomes David Sharma to its Board
8Twelve Financial Technologies Welcomes David Sharma to its Board
8Twelve Mortgage – Empowering Mortgage Agents
8Twelve Mortgage – Empowering Mortgage Agents
Leading with Technology
Leading with Technology
Canadian Mortgage Market Evolution
Canadian Mortgage Market Evolution
Need relief? 5 programs homeowners should know about
Need relief? 5 programs homeowners should know about
Financial Literacy in Canada: 5 things you need to know in 2021
Financial Literacy in Canada: 5 things you need to know in 2021
What is Home Equity (And How Can I Use It?)
What is Home Equity (And How Can I Use It?)
Here’s why the Bank of Canada interest rate should interest you
Here’s why the Bank of Canada interest rate should interest you
Is a second mortgage or reverse mortgage right for you?
Is a second mortgage or reverse mortgage right for you?
Is it Worth the Cost to Break a Mortgage?
Is it Worth the Cost to Break a Mortgage?
Eliminating Credit Card Debt
Eliminating Credit Card Debt
Hello, tech! How technology is helping homebuyers open new doors
Hello, tech! How technology is helping homebuyers open new doors
Home Insurance Basics
Home Insurance Basics
Canada’s Housing Outlook After COVID-19
Canada’s Housing Outlook After COVID-19
Home inspections: Don’t buy a home without one!
Home inspections: Don’t buy a home without one!
Home Buying for Self-Employed Canadians
Home Buying for Self-Employed Canadians
Find the perfect work-from-home
Find the perfect work-from-home
Make Space for Small Business
Make Space for Small Business
Is Property Investing For You?
Is Property Investing For You?
Help! How can we buy our first home?
Help! How can we buy our first home?
5 Ways to COVID-proof your finances this fall
5 Ways to COVID-proof your finances this fall
How to Weather Rising Mortgage Rates
How to Weather Rising Mortgage Rates
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
8Twelve Mortgage Corp. Launches New Brokerage Business in Ontario
What is the ‘best’ mortgage for me?
What is the ‘best’ mortgage for me?
First-Time Home Buyer Tips
First-Time Home Buyer Tips
Do’s and Don’ts of Refinancing
Do’s and Don’ts of Refinancing
Are Canadians saving enough for retirement?
Are Canadians saving enough for retirement?
Previous
Next
Share
Prev
Next
Facebook-f Twitter Youtube Linkedin-in Instagram
  • Meet Our Team – Agents
  • Meet Our Team – Corporate
  • Mortgage Payment Calculator
  • Mortgage Affordability Calculator
  • Land Transfer Tax Calculator
  • Why 8Twelve
  • Community Outreach
  • Careers
  • FAQ
  • News You Can Use
  • Contact Us
  • Privacy Policy
  • Accessibility
  • 8Twelve Financial Technologies
  • 8Twelve Capital

Head Office

8Twelve Mortgage Corp
(ON License #13072)
45 Sheppard Ave East, Suite 211,
Toronto, Ontario, Canada
M2N 5W9

Locations

Corporate Phone & Fax
1.877.812.8128 (Toll Free)

 

Sales Phone & Fax
1.877.812.8128 (Toll Free)
1.416.800.1052 (Local)

 

Email
info@8twelve.mortgage

Copyright © 2022 8Twelve