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Lic # 10428
Languages: English, Albanian
Specialties: Residential Mortgages, Commercial Mortgages, Bad Credit, Self Employed, New Canadian, First-Time Home BuyerApply Now
Welcome to WeMortgageYou.ca! Your one-stop for mortgages and financing in London, Toronto and beyond. I hold a B.A. in Finance and Economics from the University of Toronto. I have completed the Canadian Investment for Investment Advisor (IA) through Fanshawe College, full Broker Program Education via Senica College in 2012, and I have the AMP designation from 5MORTGAGE PROFESSIONALS CANADA (MPC. With 26years experience in the financial service industry, including 11 years as a Commercial Bank Manager, and 15 years in the mortgage industry (residential, commercial and business loans). While working as a Bank Director, Rexhvelaj had 80 employees working under his direction.
Besnik and his Team has been Awarded-Recognized Regionally as 2nd top team and ONE of TOP Teams Nationally in Mortgage Volume this for the year of 2019,2018 and 2017. At the same time Besnik has been Awarded as Top 5th Independent Regional Mortgage Broker for 2013 to 2019.
As a Mortgage Broker, I work for you, not the lender. That means you get extremely competitive mortgage products and rates, along with unbiased advice from me. As part of Mortgage Intelligence, Canada’s leading mortgage brokerage, I have access to the products of over 50 lenders. I pride myself in delivering to each of my valued clients a competitive financing package. As no two clients are alike, I strive to negotiate not only a great rate for you, but also advantageous terms and pre-payment privileges, tailored to meet your specific needs and future goals.
My Service Commitment
- I will keep you informed every step of the way so there are no surprises.
- I will work diligently to have your mortgage decision within 48 hours (or earlier).
- I will work evenings and weekends, to fit your busy schedule.
- Upon receiving your application I will contact you immediately for a pre-approval/approval consultation.
- Managing your mortgage can save thousands.
Paying off your mortgage as quickly as possible will free up funds sooner to invest towards other important priorities including your children's education or your retirement plans. In addition, the equity you build in your home as you pay down your mortgage often can be drawn on for unexpected emergencies or to supplement your retirement.
A strategy for reducing your mortgage is to take advantage of any prepayment or additional payment features that come with your mortgage. Consider using a portion of any bonus, tax refund, or inheritance you might receive to pay down your mortgage. This strategy could save you thousands of dollars in interest over the life of your mortgage.
Your choice of payment frequency can also reduce the amount of interest you pay over the life of your mortgage. In addition to monthly payments, most lenders also offer weekly, bi weekly and semi-monthly payment options.
Another popular way of paying off a mortgage sooner is to shorten the amortization period of the loan. The amortization period is the number of years it will take to repay the mortgage loan in full. Shortening the amortization period will increase your mortgage payment, but potentially you’ll save thousands of dollars in interest over the life of the mortgage. You’ll be surprised at how much you can save by reducing the amortization by just two or three years.
The key of effectively managing your mortgage is to ensure you select the right type of mortgage for your needs. This means not to considering a mortgage in isolation, but rather looking at it as a key part of your total financial security plan.
Here are some questions to ask yourself before renewing a mortgage:
- Can I afford to increase my regular payment?
- Do I have funds to pay down the mortgage?
- Do I need to change my payment method i.e. monthly to semi-monthly?
- How sensitive am I to potential changes in interest rates either upward or down?
- Should I choose a short term or a long term mortgage?
- Do I plan to sell the property in the near future?
My business continues to grow thanks to my valued clients and the referrals of their families, friends and co-workers. I look forward to showing you the same dedicated and outstanding service.
7 reasons to use a Mortgage Broker over your BankCheck it out
Borrowing money is harder for many self-employed Canadians. While there is broad recognition that self-employed Canadians are reliable borrowers, it may be difficult to navigate the mortgage process and the different options available specifically for this group. We can help turn the tables. These individuals may run their own businesses, or work in a profession where the main source of their income is predominately capital gains, a form of income that is generally not considered by most “A Lenders”.
We work with self-employed homebuyers every day and understand the challenges that they may face when arranging a mortgage especially with no standard proof of income. Our brokers are experts when it comes to mortgage solutions and have access to multiple options, including mortgage products designed specifically for self-employed Canadians. They can pinpoint which lenders have more favourable terms and requirements and advise you on how you can improve your options to get the best possible rate and terms.
The more complex your mortgage situation, the more sense it makes to use an experienced mortgage professional who can help simplify the process and help you achieve both your short-term objectives and your long-term financial plan. Most of all, they allow you to stay focused on your business, alleviating the burden of many time-consuming and frustrating tasks and meetings associated with securing a mortgage and will also work around your busy work schedule. Many will even travel to your work site if required to make the transaction as convenient as possible for you.
Remember, that independent mortgage professionals work for YOU, not the lenders or banks, so you can rest assured that their advice is unbiased and in your best interest when it comes to finding the right lender and right product to meet your needs. Find out what your options are, give us a call.
Your credit history is integral when it comes to the mortgage approval process because that history is a reliable indicator of how you will manage your mortgage and your finances in the future. Your credit score is calculated using information in your credit report including your payment history, how much debt you’re carrying and the length of your credit history. Lenders use the score to helps determine the risk and your creditworthiness when you apply for a loan. Credit scores above 660 are generally considered good, very good, or excellent. These individuals receive lower rates, and can get loans easier than those that do not fit into this range.
Those with less than average scores or with lower scores who fall into the “poor” credit range may face higher interest rates, difficulty getting better loan terms or qualifying when applying for a mortgage. Buyers with poor credit may have to put down a larger initial down payment or require a co-signer to be able to qualify for the mortgage they need to get into their dream home.
Your mortgage professional can review your situation and coach you on how best to improve your credit over time. That's why it's a good idea to talk to a mortgage broker as soon as you can. As your good credit history becomes established, your borrowing options will increase. If you wish to get a mortgage while you work on bettering your score, we can help!
At Mortgage Intelligence we are committed to helping Canadians realize their dream of home ownership. Our brokers have access to many lenders, from banks to private lenders, and a multitude of mortgage solutions. Even if you have poor credit, you have options and our brokers will work with you to find the right solution that best meets your needs. Call for a free consultation.
Commercial Mortgages fall into their own class of financial products. As a result of this you will need to work with a broker who specializes specifically in commercial mortgages. They are different because there is no standard methodology that all lenders use to underwrite them so they require a lot more expertise to successfully put together.
Lenders typically underwrite each commercial mortgage transaction according to the merits of the proposal and the financial strength of the borrower. Once the lender is satisfied with the risk in funding the commercial mortgage or project, they will then decide on price.
Our commercial mortgage professionals arrange complex funding for client projects utilizing strong relationships across the entire commercial lending community. Our team of commercial mortgage brokers are experts when it come to commercial lending types and posses the knowledge and understanding of the niche each lender serves, loan types they prefer as well as what security, interest rates, fees and debt service coverage meet the criteria of those lenders. They will help you determine the right lender and mortgage for your investment.
We will ensure that your financial needs are matched with the right lender so you can get the highest possible rate of success for your investment. Commercial lending is very different from residential mortgages and are subject to a strict set of criteria. The participants in this market are chartered banks, credit unions, life insurance companies, mortgage investment companies, and non-institutional companies. Each have a unique portfolio structure, pricing matrix, and appetite for specific loan types and industries. It's important to seek the advice of a mortgage broker to ensure that your requirements are satisfied, and you get the mortgage that helps you reach your short term and long terms investment objectives. Contact us to get started and take your first step into making your project a reality.
Today's Exclusive Mortgage Intelligence Rates
As of November 28, 2022
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* Insured mortgage rates, subject to change. Conventional and refinance rates may be higher. OAC. E&OE