JEFFREY HRISTOVSKI: CEO: MORTGAGE MEISTER
As President of Mortgage Meister Ltd. Jeff Hristovski's mission
is to provide clients with knowledgeable, friendly, and high
educated agents, in addition to the best mortgage products and rates in the industry.
“We work hard to do all of the legwork and
negotiating on your behalf,” he says. “Add to that an easy,
streamlined approval process, and you’ll wonder why you ever
dealt directly with the banks or other brokerages out there.”
Soon after graduating with a Bachelors in Economics
from Yale University, he landed a job at a well-known
mortgage brokerage, that gave him the knowledge and training
to ultimately start his own brokerage nearly five years later in
In no time, he had made contacts in the industry
with all of the institutional lenders available to the brokering
community, while also learning the private lending side of the
He knew that he also had many wealthy contacts at
his disposal that were interested in investing their personal
funds into private mortgages.
Those contacts included banks, credit unions, mono- line lenders (they only lend in mortgages), trust companies,
and a growing pool of private funds available totaling in the
multi-millions of dollars from individual investors.
To date, he has helped more than 200 clients.
“My skill set covers every type of mortgage out there,
from AAA clients - that every institutional lender in the
marketplace will lend to - to B clients, who a select group of
institutional lenders will lend to for a slightly higher rate, to
clients in need of private funds who no institutional lenders
are willing to lend to, for what could be a variety of different
reasons,” he adds.
Checkout My Business asked the Mortgage
Meister to detail why his services might be just what you
Why would someone choose you as their mortgage
broker over their bank?
The bank can only offer you what their products are,
which are quite limited.
Whereas being a broker, I get to shop your file around
to dozens of different institutional lenders, and based on the
product that you are looking for, whether it be a fixed rate
or variable rate, short term or long-term, salaried or
self employed mortgage, I have all the lenders at
my disposal,to best suit your needs.
Maybe you have plans to sell your property before
your term comes due; there are a lot of lenders that offer much
‘better’ penalties for breaking mortgages than typically the
major banks offer.
Also I ask: what are you looking for in terms of
prepayment privileges? Many of the major banks, they only
offer 10/10 prepayment privileges, meaning a 10 percent
increase in your mortgage payment per month as well as lump
sum payments on an annual basis of up to 10 percent of the
mortgage balance. I typically get my clients into mortgage
products with 20/20 prepayment privileges if that’s important
There are some lenders that may offer better rates, but
their prepayment privileges are not quite as good, and their
penalty to break the mortgage might be significantly larger.
That’s where I come in. I will find you the best
possible mortgage product based entirely on your specific
needs and wants, and that differs with every borrower.
What’s a concrete example of how you made a real
difference in someone’s life?
I remember a client I got really late, five days before
closing. Typically, there’s at least a two-week window needed
to close the file just to be safe and for the process to run
This young couple, with children, thought they had
their mortgage in place at the bank and everything was all set.
They put up a $50,000 deposit for this property – their life’s
savings. Then their bank told them that they did not qualify
only a week before closing.
They got to the point that if they didn’t get their
financing in the next five days, they would have lost their
So when they came to me, it was a super rush file, and
I wasn’t even sure myself if I was going to be able to get this
I reached out to one of my lenders who I have a great
relationship with and explained the circumstances. I submitted
the file, and they got the approval out to me that same day.
The lawyers had everything needed on their end the
The wife was literally crying after this, so delighted.
They thought they were going to lose their deposit. I’ve never
felt better about a file than that day.
What about what you do, fulfills you the most?
I enjoy helping people make the best decisions possible,
for one of the biggest investments of their lives.
I’m a highly passionate guy and seem to be able to get
that trust factor from clients early on, which only grows when
I save them money and offer them educated mortgage advice.
Whether you’re talking a quarter million dollars or a
million dollars, even a fraction of a percentage point saved,
combined with a great mortgage product, goes a long way.
What fulfills me is educating my clients, and seeing them
walk away from the process knowing that they’ve received
the best possible advice and mortgage product available in the
market place for their particular needs.
Dave Gordon has penned more than a thousand articles, and more than five hundred editorials, on every topic imaginable. He writes regularly on domestic and international politics, current events, culture, relationship issues, and much more.
President, Principal Broker
Brokerage Lic. # 12506