Real Estate

Mortgages & the Real Estate Market for Barrie, Ontario

Located on the western shore of Lake Simcoe, Barrie, Ontario is home to just over 136,000 people as of the 2011 Census. It is accessible through Highway 400, and Highway 27. In 2009 Barrie was designated an Urban Growth Centre by the Province of Ontario. This is largely due to its proximity to Toronto, and the need for homes in communities in the GTA. As a result, Barrie has expanded in its southern regions, annexing land from nearby Innisfil in 2010 in order to meet the growing demand for homes in the city.

Largely thought of as a bedroom community of Toronto, Barrie does have several major employers, including Georgian College, Royal Victoria Regional Health Centre, Simcoe County, and Coca Cola Bottling Company. Tourism is also a large industry in the city, particularly in the summer months, due largely in part to its location on the waterfront, as well as its proximity to other cottage towns, such as Collingwood.

As of December 2015, the average price for a detached home in Barrie was $380,944. Average price for a semi-detached home or townhouse was $273,302, and the average price for a condo was $230,419. At Matrix Mortgage, we are a 100% Canadian company and a Top 75 Broker in Canada. If you are looking to purchase a home in Barrie, we would love to work with you to make that dream a reality.

Home Equity Loans

Second Mortgages & Home Equity Loans for Barrie Homeowners

A second mortgage or home equity loan is when you use the equity that you have built in your home as collateral, and take that amount out, either in the form of a lump sum of cash, or a line of credit. If you are in need of a loan, there are several advantages to taking out a second mortgage as opposed to a regular loan from a bank or lender, such as:

Higher loan amount: With a second mortgage, or home equity loan, you are able (in Ontario) to take out as much as 95% of the equity that you have built up in your home. This is likely a much larger sum of money than you would be able to take out with a regular or unsecured loan. In fact, depending on the amount of money that you are looking to get, a second mortgage may actually be your only option to get that sum of money.

Interest rate: When you take out a second mortgage, the interest rate that you get is closer to that of a mortgage rate versus say a credit card. This means that typically with a second mortgage you will have an interest rate in the single digits, versus double digits with other types of loan. This could save you thousands of dollars over time.

Tax benefits: Depending on where you live, you may be eligible to get a deduction for the interest paid on your second mortgage. This is something to discuss with both your mortgage broker, and tax professional.

Home Buyers

Mortgages for First Time Home Buyers in Barrie

At Matrix Mortgage, our brokers can guarantee that they will beat the interest rate that you receive from any competitor. This means that as a first time home buyer, you will get the lowest possible mortgage payments, thereby making it easier for you to make that transition from renting to paying a mortgage.

At Matrix Mortgage, we can get you approved in mere minutes, and our brokers have experience working with all kinds of financial situations. No matter what your situation is, our brokers can work with you to get you approved today.

Canada-Flag-icon 100% Canadian. Top 75 Broker in Canada.Approved in 10 Minutes. Funds in 2 Business Days.

At Matrix Mortgage Global we make refinancing your home simple. Our flexible and affordable financing options allow you to access up to 95% of the equity in your home to meet your financial needs. Many of our customers use this LOW INTEREST RATE solution to consolidate high credit card and/or house hold debt, while others use this product to renovate their home or buy an investment property.

Mortgage Renewal


Mortgage Renewal

When the term on your mortgage expires it is time to renew your mortgageAt this time you will

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Second Mortgage


Second Mortgage

At Matrix Mortgage Global we understand that there are situations when you will need a second

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Refinance Mortgage


Refinance Mortgage

At Matrix Mortgage Global we make refinancing your home simple. Our flexible and affordable

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First Time Home Buyer Mortgage


First Time Home Buyer Mortgage

First Time Home Buyer Mortgage

At Matrix Mortgage Global we make refinancing your home simple. Our flexible and affordable

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Self Employed Mortgage


Self Employed Mortgage

Today more and more Canadians are opting to work for themselves or go on contract with their

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Bad Credit Mortgage


Bad Credit Mortgage

Like most of us, you probably have a car payment, some credit cards, retails cards, and

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Home Equity Loans


Home Equity Loans

Home Equity Loans

Because a home is often our most valuable asset, many homeowners use a Home Equity Line Of

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Commercial Mortgage


Commercial Mortgage

Matrix Mortgage Global is committed to helping you meet your commercial financing needs.We

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Debt Consolidation


Debt Consolidation

Meet John and Judy Brown, They are home owners. John was laid off last year and as a result

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Bridge Loans


Bridge Loans

Bridge Loans

Have you bought a new home and want to move in, but your old home has not closed yet?

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Consumer Proposal Payout


Consumer Proposal Payout

Consumer Proposal Payout

If you are in a consumer proposal or on the verge of filing you must watch this video.

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Home Improvement Mortgage


Home Improvement Mortgage

Home Improvement Mortgage

Matrix Mortgage Global‘s improvement mortgage is available exclusively for our clients

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New To Canada Mortgage


New To Canada Mortgage

New To Canada Mortgage

Matrix Mortgage Global wants to thank you for choosing Canada, now let us help you

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Spousal Buyout Mortgage


Spousal Buyout Mortgage

Spousal Buyout Mortgage

Divorce is never easy, Lawyers, Court, Litigation, Emotions, Dividing Assets, Separation

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Stop Power Of Sale


Stop Power Of Sale

Stop Power Of Sale

Are you behind on your mortgage and your bank is currently about to take legal action?

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Current Mortgage
Home Worth $300,000
Current Interest Rate 5.0%
Current Payment $1,500
Car Payment @ 10% interest
Credit Card @ 17% interest
Store Cards @ 28% interest
$200,000 Mortgage $1,500/month
$25,000 Loan Payment $500/month
$25,000 Credit Cards $750/month
TOTAL $2,750/month
Refinance Mortgage
Home Worth $300,000
Current Interest Rate 2.30%
Current Payment $1,020
Car Payment @ 10% interest
Credit Card @ 17% interest
Store Cards @ 28% interest
$200,000 Mortgage
$1,020/month
$25,000 Loan Payment Paid
TOTAL ar$1,020/month
You Save $1,730/month!!!
Call 24/7 at 1-800-429-0717
 

First Mortgage Rates as Low as 2.25% / Second Mortgage Rates as Low as 6.99%

Matrix is Top 75 Brokerage in Canada

Matrix Mortgage Global is a busy and cutting edge mortgage brokerage in Toronto, Ontario catering to homeowners and first time buyers. We have an experienced team of mortgage agents and brokers with backgrounds in financial planning, insurance, real estate and business. We have a reputation in the Mortgage industry for working with our credit challenged clients to consolidate debt, save them from foreclosures and assisting in rebuilding their credit ratings.

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