A simpler way to
buy a home or refinance.
A simpler way to
buy a home or refinance.
The Lowest Rate isn't what you think! Stop Overpaying Your Bank:
Learn What They Don't Want You To Know
About Your Mortgage
Join countless homeowners in St. John’s who have saved thousands by avoiding high penalties while maintaining maximum flexibility
Let's see if we can help you save some money on your next mortgage.
These days I'm getting more and more calls from homeowners who have had issues with their current banks and that usually involves them finding out about big breakage fees whether they’re selling their home or they’re looking to access some equity prior to the end of their term. There are 2 things we want to make clear:
First... Let's Talk About the Penalties
If you're borrowing from any of the big banks, there's a good chance you are already facing a sizable mortgage penalty or you will in the future.
Higher Penalty Calculation
You see, the way they calculate their penalties is using the much higher "posted" rate. The big banks start from their inflated "posted" rate, and when you negotiate your mortgage you usually receive a discount from this posted rate, which is usually around 2%, so that makes you feel pretty good, right?
Well, if you're one of..
7 out 10
Borrowers that end up having to pay these penalties in the first 5 years of home ownership
OR...
9 out 10
Borrowers that end up having to pay these penalties in the first 10 years of home ownership
Did you know?
$10,000
Average Mortgage Penalty for borrowers with their current Bank
You could be paying A LOT more than you need to.
Let me explain, in the event you need to break this mortgage for ANY reason they claw back the original discount they gave you and then base the penalty on the much higher rate, using the number of months remaining on your term to determine the amount you owe them. We've seen these penalties have increased significantly over the past few years but I'm here to tell you that there are plenty of excellent lenders in Canada that do not calculate their penalties like this, and the difference in the savings is drastic. It's not uncommon to see penalties that are well above $10,000 from any of the big banks, yet our non chartered bank lenders who's penalties are only a fraction of the costs.
1
Step one
Schedule a Consultation
It's super easy to apply online to meet with one of our experienced mortgage agents.
2
Step two
Apply Using our Secure Online Application
Get pre-approved right now! Click Apply Now to be taken to our secure Online Application
3
Step three
Check Out Your Offers
Receive offers right away, with the best rates from top lender. Our team will be with you from start to finish.
4
Step four
Close Your Mortgage
Get funded and celebrate! We're so happy to help, and we're always here if you need us.
If that's not bad enough, let's dive into the TIGHT RESTRICTIONS
Another way borrowers are getting the pinch is by
opting for "ultra low rate" basic products.
Ultra Low Rate Basic Products
Now these products look the same on the outside, and are sold as "the lowest rate possible", but when you get under the hood, you realize that...
In Exchange for
0.05 - 0.10%
Lower Interest Rate
You've traded
$5 - $10
per Month Savings for increased risk for a lot more costs and a lot less flexibility in the future.
What do I mean?
Increased Risk
These products have a tradeoff and what you get is decreased flexibility in the form or additional penalties ( which could be up to 3% of your balance owing).
and
Locked in at Renewal
There also can be a Bona Fide Sales Clause. This means you can not leave your current lender in the future unless you sell your home, this means that even upon the end of your 5 year term, you have no choice but to sign their next offer upon maturity, and that's when you find out that they don't have to be as competitive and you don't even have an option to shop for a better deal.
99%
of borrowers won't realize that either of these timebombs even exist until they go off is the worst part
There's More to a Mortgage than the Lowest Rate
The banks have conditioned us to believe the only question we should be asking is "what's the best rate?" and unless you have several follow up questions behind that one, most borrowers just don't know the additional questions to ask to see what's hidden in the details, and this makes home owners like yourselves very vulnerable to paying a lot more than you bargained for.
My goal as a mortgage broker is to help my clients make the best decision for their families to protect your home equity and keep as much as you can in your own pockets and pay much less to the banks. Sometimes you might have the best deal already and that's great, but wouldn't you want to know for sure if you actually do have the best deal possible, or is your current bank offering you one of these time bombs I've just mentioned?
It costs you NOTHING to find out for sure, please click the link below and book some time on my calendar and within a few minutes I'll let you know for sure if you have the best deal, or if there is a better offer out there in the market.
Nothing to lose, thousands to save, I look forward to speaking to you soon!
1
Step one
Schedule a Consultation
It's super easy to apply online to meet with one of our experienced mortgage agents.
2
Step two
Apply Using our Secure Online Application
Get pre-approved right now! Click Apply Now to be taken to our secure Online Application
3
Step three
Check Out Your Offers
Receive offers right away, with the best rates from top lender. Our team will be with you from start to finish.
4
Step four
Close Your Mortgage
Get funded and celebrate! We're so happy to help, and we're always here if you need us.
What makes us different?
Mark Norman Better Mortgage Solutions
Quick and easy
Creative Solutions
Rate Discounts & Special Offers
Experienced agents looking to help you, not sell you
Relationship Based
Lifetime mortgage monitoring
Traditional Banks
Complicated, slow process
Expensive penalties
Sneaky sales tactics
High Turnover means dealing with different agents who aren't familiar with your file
Transaction Based
No lifetime mortgage monitoring
https://normanlane.ca/wp-content/uploads/2017/04/Mark.jpg
Meet Mark Norman
Greetings, I'm Mark Norman, an Accredited Mortgage Professional (AMP) who has been catering to the Newfoundland & Ontario markets since 2004. My objective is to offer a hassle-free and uncomplicated mortgage experience, something I wish I had when I purchased my first home. My approach is transparent and straightforward, and I'm flexible enough to accommodate your preferred mode of communication, be it a phone call, zoom meeting, in-person meeting, or text message. With the aid of cutting-edge technology, much of the mortgage process can even be completed through your smartphone.
Meet Mark Norman
Hi my name is Mark Norman and I’ve been an Accredited Mortgage Professional (AMP) serving the St. John's and surrounding market for more than 15 years. My goal is to provide a simple and streamlined process that I only wish existed when I bought my first home… It's honest, straight-forward and regardless of how you wish to get your mortgage I can accommodate, via phone call/ zoom meeting/ in person / text. By using the latest technology, much of the process can even be done through your smartphone!
https://normanlane.ca/wp-content/uploads/2017/04/Mark.jpg
Meet Mark Norman
Hi my name is Mark Norman and I’ve been an Accredited Mortgage Professional (AMP) serving the St. John's and surrounding market for more than 15 years. My goal is to provide a simple and streamlined process that I only wish existed when I bought my first home… It's honest, straight-forward and regardless of how you wish to get your mortgage I can accommodate, via phone call/ zoom meeting/ in person / text. By using the latest technology, much of the process can even be done through your smartphone!
What my clients say about me
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Aaron
"The staff at blink mortgages are top notch! they helped us obtain a better rate then any other lenders in town. They were extremely helpful in answering any questions we had. As first time home buyers, Colton took the time to explain things to us... Thanks Colton!"
Kevin
"Dealing with Blink was awesome! Super easy interface to navigate, they quickly responded to all my questions, and helped me pick the best combination of factors - along with the best rate. 5/5, would borrow again!"
Dan
"(Blink) was always readily available to answer any questions we had, even after hours and on weekends. Greg took the time to explain different options to us, provide a market analysis, and evaluate the pros and cons associated with each mortgage..."
Mortgage Rates
A lot has changed in the past few years and even more in just the last few months. Click below to get more information on what rates you could be eligible for.
Lender Access
With access to dozens of unique lenders, including several big banks and credit unions, you can rest assured I can help you secure the best mortgage possible.
Secure Application
The privacy and security of your personal data is my highest priority. My website and online application is secured by the same encryption used by institutional banks.
Trusted Advice
A home is quite likely the biggest investment you'll make. How you finance that investment is equally important. My focus is exclusively on mortgages, and nothing else.
Lender Access
With access to dozens of unique lenders, including several big banks and credit unions, you can rest assured I can help you secure the best mortgage possible.
Secure Application
The privacy and security of your personal data is my highest priority. My website and online application is secured by the same encryption used by institutional banks.
Trusted Advice
A home is quite likely the biggest investment you'll make. How you finance that investment is equally important. My focus is exclusively on mortgages, and nothing else.
Flexible Schedule
Frustrated "Banker's" hours? Not here! We're available whenever you need us.
Great Rates
The mortgage industry is fast paced. I've built strong relationships with lenders and connect with them regularly to make sure my clients always get the best offers.
Quick Approval
Sometimes, speed can make or break a real estate deal. That's why I've honed my skills to make sure I can offer you fast, efficient service whenever you're ready.
Flexible Schedule
With access to dozens of unique lenders, including several big banks and credit unions, you can rest assured I can help you secure the best mortgage possible.
Great Rates
The mortgage industry is fast paced. I've built strong relationships with lenders and connect with them regularly to make sure my clients always get the best offers.
Quick Approval
Sometimes, speed can make or break a real estate deal. That's why I've honed my skills to make sure I can offer you fast, efficient service whenever you're ready.
Say Hello
I’d love to hear from you! Phone me at (709) 743-3939, write me an email at mark@mark-norman.ca, or use the form below.
Company
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Resources
Company
Policies
Follow
Mark Norman - Better Mortgage Solutions
Premiere Mortgage Centre
Ontario Brokerage Licence #10317
Ontario License: M22001818 - Agent Level 1
119 Cove Road, St. John's NL A1A 2C5. These services are provided at no cost to you, we will receive a fee from the lender once the mortgage is complete.
Licenced By
119 Cove Road, St. John's NL A1A 2C5, (709) 743-3939