Help Finding the Right Residential Mortgage

  • Down Payment?
  • No Down Payment?
  • Fixed Rate?
  • Variable Rate?

Yes, we know where to look.

Purchasing a home is one of the biggest investments that many people make. Our goal is to help you find mortgage rates Ontario that come with the right terms. That includes payments that will fit easily into the household budget. Whether you have purchased a home before or are seeking to buy your first piece of residential real estate, our team will be with you every step of the way.

Support for First Time Buyers

mortgage

The broker will provide the following help:

  • Evaluate the client’s financial condition. That includes the current credit rating.
  • Discuss the prospect of applying a down payment.
  • Consider the pros and cons of bundling various fees in the loan amount versus paying them out of pocket.
  • Talk about the size of the monthly mortgage payment and what will fit the budget of the applicant.
  • Explore different durations of the loan commitment, and how a shorter term could mean paying less interest over the life of the mortgage.
  • Your unique situation always serves as the basis for our work. Our clients never feel as if they are only given options based on some general criteria. We listen, we search, and we come up with the best lenders for your needs.

What About Self-Employed Clients?

People who are self-employed sometimes think that the best mortgage rates will elude them. They often base that on past experiences with lenders who consider self-employed individuals to represent too much of a risk. That is not the case with our firm. Our brokers welcome employed and self-employed applicants with the same level of courtesy and support. Even if you have been denied elsewhere, give us a try. We’ll look long and hard to find the right mortgage rates and terms for you.

Come Whoever You Are

Are you new to the country, and seeking a fresh start? Rest assured that we welcome immigrants who don’t even have a long job or income history in Canada as yet. Our commitment is to do everything possible to make your dream of home ownership dream a reality.

A Word about Mortgage Refinancing

There are many reasons why people choose to refinance their mortgage. We’ve helped our clients with each of these. Here are some examples:

  • Use the equity in the home to improve the property
  • Consolidate other debts and free up more of your monthly income
  • Take advantage of lower interest rates
  • Purchase a second property
  • Invest
  • Replace the family car
  • In order to help the client make the most of the refinancing, our brokers evaluate fixed and variable loan options, including the terms. The team will also look into these possible funding methods, and how they relate to the needs and situation of the client.
  • Borrow up to 80% of the appraised value of your home (minus the remaining mortgage balance.)
  • Obtaining a secured line of credit

Mortgages for Entrepreneurs

Owning your own entrepreneurial enterprise has its advantages. The thing to remember is those same write-offs that reduce your taxable income can also make mortgage approval challenging.

If you’re looking for a residential or commercial mortgage in Toronto, we can help. Our connections with lenders range cover a lot of ground, up to and including private mortgage lenders.

Our mortgages for entrepreneurs program is ideal for clients who want:

  • An easier time qualifying for mortgage financing if you’re self-employed. If you have 35% equity (or 10% equity for a high-ratio mortgage) there is no need to prove your income.
  • Simple mortgage application and approval process. Fewer documents to attach and a quicker turnaround on consideration of the application.
  • Approval focused on credit history, so there is no need for long-term business history.
  • Access to many options in terms of mortgage products. That allows you to find the one loan arrangement that best suits your needs.
  • Mortgage plans that are available in any province around the nation.

Renewing Your Mortgage

Mortgage renewal is not as hard as some people think. As your mortgage broker, we gain an understanding of your current situation, future goals and apply Best Mortgage Lending practices to your renewal. Renewing with us provides benefits like:

  • Work with lending experts who know where to look
  • 120-day renewal rate guarantee
  • Extended 180-day renewal rate guarantee
  • The convenience of working with a broker who does all the research for the applicant

Second Mortgages

A second mortgage is great if you if you need cash for tasks like:

  • Paying off high-interest debts by replacing them with a second mortgage carrying a lower rate
  • Cleaning up various tax debts
  • Settling legal issues like liens, garnishments, and judgements
  • Replacing key systems like the wiring, the plumbing, or the heat and air conditioning system
  • Making other improvements that increase the market value of the property

Choosing to secure a second mortgage allows you to utilize most of the existing equity in the home. In fact, we could help you find a lender who will provide a loan for up to 90% of that equity. That is true even if the owner does not have the best of credit ratings, or who have been through financial situations involving bankruptcy. In many cases, the financial relief provided by that mortgage will actually alleviate stress on the household budget.

Even if you have looked elsewhere and been turned away by other institutions, contact our team of brokers. There are lenders who are willing to work with clients who have specific needs and circumstances, and we know where to find them. Together, we’ll find the right solution and you can get back to the business of pursuing your goals.