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TMG The Mortgage Group Atlantic Inc.

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Jennifer Park - Mortgage Broker
Corner Brook, NL ~ 709-632-0560
As your personal mortgage broker, I am here to ensure that your mortgage experience is simple and hassle free. Looking to Buy a new home? Mortgage up for Renewal? Refinancing to renovate, invest or pay bills? Leave it to me - I'll do the work!! I offer Virtual, Phone and In Person appointments for your convenience.
Think Outside the Branch for Your Mortgage
New Home Purchase
As your personal Mortgage Broker, I will take care of all the details and be sure to find the right mortgage for you and your needs.
Renewal
Mortgage Brokers take the work out of renewing your mortgage. I will shop for the best terms and rates and make the renewal process simple for you.
Refinancing
Sometimes, refinancing is your best option for a variety of reasons such as renovations, investments and consolidating debt. Let me review your options and do the work for you!
Get started with your application now!
I'm here to help with your mortgage needs, refinancing, new home purchases or mortgage renewals.
Types of Mortgages

A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD). The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select.

A variable-rate mortgage allows you to take advantage of today's low Prime Rate. Most variable rate products are set below prime, terms range from 1 to 5 years. Payments vary depending on the product or lender you choose. In some cases you can fix your payments for up to 5 years, but the interest rate will fluctuate as the Bank Prime Rate changes. In other cases your monthly payments will fluctuate depending on how many times the Prime Rate changes during your term.

An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.

A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance is interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage, if you have good equity in your home.

Mortgage Rates as of Today
As your Mortgage Broker, I work with a wide variety of lenders and I can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates.
*Rates are subject to approval and are subject to change at any time. Contact me for your best rate options.
How Much Can You Afford?
Use this mortgage calculator to determine your mortgage payments
My Mortgage Blog — Latest Posts
Jennifer Park || July 17, 2024
Slowing inflation raises Bank of Canada rate cut expectations
Canada's headline inflation rate slowed more than expected to a pace of 2.7% in June, according to new figures from Statistics Canada. That's down from May’s reading of 2.9% and reverses an...
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Jennifer Park || July 12, 2024
Canadian housing market activity picked up in June
The Canadian housing market saw a modest increase in home sales in June, according to the latest report from the Canadian Real Estate Association (CREA). Home sales in Canada rose by 3.7% in June...
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Jennifer Park || July 05, 2024
Jobless rate rises to 6.4% in June, raising questions about the BoC's next rate
Canada's labour market fell short of expectations in June, leading to an increase in the unemployment rate to 6.4%. Despite this weak report, most economists believe the Bank of Canada will not...
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Jennifer Park || June 07, 2024
May employment growth fuelled by part-time positions
The Canadian economy continued to see a net rise in new jobs created last month, however all of the gains consisted of part-time positions. Statistics Canada reported today that the...
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Contact me! Let's get started today!

Get in touch with me today for your free consultation!

As your personal Mortgage Broker, I am there to help in many ways; from your first mortgage to your mortgage renewal. If you're looking to refinance your current home or purchase an investment property or vacation home - I can guide you along the way. Mortgage Broker = Peace of Mind!