Bank vs. Mortgage Agent: The Truth About Rates, Lenders & Strategy

Today, we have Melissa on the Podcast! She is one half of the M2 Mortgage team. With over 15 years of industry experience, she brings a wealth of knowledge and shares valuable insights you won’t want to miss.

__________________________________________________

About the podcast:

Alexandra Tejeda (@teamtoronto) is a Realtor in Toronto and loves guiding investors and first time home buyers though the process of building wealth, she looks at all go her clients as investors! She is currently looking to get her first investment property as well and is passionate about real estate investing. However, she recognized a gap in the market. She is always listening to podcasts and realized that most of the people being interviewed were men - which is fine but she just wanted to promote a different perspective. Alexandra prides herself on learning daily and has really enjoyed interviewing these seasoned female investors in and around the GTA! This podcast is for both new or seasoned investors and the goal is to create a positive, powerful and female empowered investing group!

About the Guest:

Partner of the M2 Mortgage Team with Verico-Capital Home Lending, Melissa began her career in banking and finance while also completing an undergraduate degree at York University. She worked for ten years in the retail bank sector, where she quickly climbed the corporate ladder and earned multiple awards for her high level of customer experience.

It was in her role as a Financial Advisor that Melissa found a passion for the mortgage industry. Melissa happily transitioned from banking to join the Capital Home Lending team in 2020, realizing that she would be able to provide much more comprehensive options for her clients. Melissa enjoys sharing her knowledge with others. She believes in equipping her clients with the appropriate tools and information to help them make informed decisions throughout the mortgage process.

Melissa and the M2 Mortgage Team take pride in putting their clients’ best interest first. They recognize that mortgages are not a ‘one size fits all’ and with access to over 30 different lenders, they are able to offer a mortgage solution to match your unique and individual needs.

00:26 Melissa’s intro

1:40 Working with a bank vs. mortage agent 

3:00 The benefit of working with a mortgage agent 

4:17 Do different mortgage agents have access to different rates 

5:30 Going over the different types of lenders 

7:10 Self-employment mortgage options

9:14 Write-offs & how they affect your mortgage

10:40 How can first-time home buyers enter this market 

12:00 How to strengthen your mortgage application

14:47 How do student loans affect your application 

16:55 Co-signers & Guarantors

19:44 Refis vs. renewals

21:15 What is recommended for upcoming renewals 

23:16 Crazy client stories 

24:25 What do you recommend to people entering this market 

26:12 M2 Mortgages Socials

Socials (follow ya girl)

Insta @teamtoronto

TikTok @alextejeda_

Email alexandramtejeda@gmail.com

Follow Melissa:

Insta @m2.mortgageteam

CHECK OUT MY FREE RESOURCES:

https://linktr.ee/Alextejeda_

#realtor #realestateagent #realestateinvesting

***********

Welcome to the Female Investor Podcast, where we feature successful female real estate investors in Toronto and the Greater Toronto Area. Our guests share their experiences and insights on navigating the local real estate market, building their portfolios, and overcoming challenges as women in a male-dominated industry. Whether you're a seasoned investor or just starting out, our podcast provides valuable tips and inspiration to help you succeed. Join us each we