Barnstone Mortgage


Q: Do you work for a lender?
A: No. We are independant and therefore we have no obigation to any specific lenders. We are indpendant. We can shop many lenders for you to find the mortgage that best fits your needs.

Q: How much do your services cost?
A: In most cases, our services cost our clients nothing. We are paid a referral fee by whichever lender we place your mortgage with. The referral fees are fairly uniform across the various lenders so we have no financial incentive to place you with one lender over another. In extreme, non-conforming cases that represent high risk to the lenders there are no referral fees so in those cases, which represent less than 1% of our clients, we have to charge a very reasonable brokerage fee, but for over 99% of our clients, our services are provided at no cost to our clients.

Q: In what areas do you work?
A: We work Canada-wide. We arrange residential and commercial mortgages in all Canadian provinces and territories. Our head office is in Oakville, Ontario.

Q: How long does it take to find out if I am approved?
A: Usually it takes about 24 hours from the time we submit your completed application. In some cases, when the lenders are very busy, it can take up to 72 hours but that is rare.

Q: What if I am self employed or on straight commission?
A: In most cases, that’s not a problem. Many of the lender have products designed specifically for people who are self-employed or work on commission.

Q: What if I have bad credit?
A: You don’t need to have perfect credit to qualify for a mortgage. In fact, you don’t even have to have really good credit. Your credit score is only one piece of information that lenders look at when making the decision to approve an application. The professionals at Team Duggan Mortgage will represent you to the lenders and negotiate on your behalf to make sure they understand the complete picture and see you as you really are: a person with unique circumstances, not just a set of numbers. You might be surprised at what we can do for you even if you have bad credit.

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Team Duggan is a licensed agency of Mortgage Centre-Rochbury.
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