The list below is an over view of the most popular programs in mortgage financing however if your situation is not like any of the ones below, please give us a call.  As lenders modify and expand their programs it opens many opportunities for people in all situations….give us a call!

BUYING A HOME

Buying a home is a major decision and will likely be the largest investment of your life. To best prepare you we offer pre-approved mortgages which not only let you know your purchasing power and associated costs of buying a home but it also protects the lowest rate for you for 120 days. No matter what happens to rates in those 4 months you will be guaranteed the best rate. Once you find your home it is a matter of a few days, sometimes even a few hours, and we can have you approved and ready to remove subjects. Once approved we meet each client individually to ensure you are 100 percent confident in the process of getting a mortgage and are comfortable with all of your rate and product options before you make a decision about what is right for you. ~Back to Top~

REFINANCING A MORTGAGE

No matter what the reason is for your refinance, to get equity out of your home to consolidate or pay off debt or to renovate or simply to get a better mortgage rate, we can provide you with the expertise and guidance you will need. ~Back to Top~

SWITCHING YOUR MORTGAGE AT THE END OF ITS TERM

Many times when a mortgage is up for renewal we are able to find a better rate and product for the client. Because there are few overhead costs associated with switching a mortgage, some lenders offer incentives such as free appraisals to clients who switch their mortgage as well as excellent rates. ~Back to Top~

BUSINESS FOR SELF/SELF-EMPLOYED

People who are self employed are no longer required to qualify for a mortgage based on their income. In the past there was always a concern with writing income off and showing little income on tax returns because you had to qualify based on your net income. Well this is no longer the case!

We can easily help self employed clients through our many “business for self programs” which allow as little as 10% down payment with no income qualifications! Because there are so many “business for self programs” today, please call us to see how we can get you the best mortgage for your needs. ~Back to Top~

ZERO DOWN PAYMENT OR BORROWED DOWN PAYMENT

We all know people in our lives that need a bit of extra help getting into that first home. Saving for a down payment can be difficult but now programs exist where the down payment can be either borrowed or will come “free” from the lender. The zero down program is a great option because although the insurance company will charge you a slightly higher premium which will be rolled into your mortgage, you receive discounted rates. ~Back to Top~

INVESTORS

Buying investment property has never been easier. Not only is real estate an excellent investment for the future, but it can create liquid funds from rental income each month. Another version of an investment property could come as a mortgage helper, such as a basement suite. This way the client can own their own home and receive income from tenants. Clients require a minimum of 25% down payment to purchase a rental property. ~Back to Top~

CREDIT PROBLEMS

Sometimes credit problems happen, it is not the end of the world. Clients who have had trouble with their credit can still get a mortgage, in fact we work with several companies that specialize in financing mortgages for people with scarred credit. A client with a past bankruptcy must be discharged a minimum of 2 years and have re-established credit and we can help along the way to show these clients how to make their credit work for them and prevent problems in the future. If you have not been discharged for 2 years but have 25% down payment, give us a call! ~Back to Top~

PAYING OFF DEBT/ DEBT CONSOLIDATION

People who are looking to pay off some debt can now consolidate debt into their mortgage or refinance their mortgage to pull equity out of their homes. When credit cards rack up they can be hard to pay off because of high interest. Consolidating debt into a mortgage is so convenient and what could be easier than one payment for all your debts. The equity in your home can be liquefied to simply pay out debt as well. No matter how much or how little money you need we can help you to reach your financial goals. ~Back to Top~

LOOKING FOR A BETTER RATE

Bank branches are going to offer clients higher rates, it is a simple fact. Despite having invested your money with them, paid them service charges, taken out credit cards and so on, the bank is still tied to very high overhead and therefore cannot afford to offer the best rate. We work with over 50 lenders across Canada with their own broker centers which means they have low overhead and ultimate service for our clients. You do not have to establish a bank account with the mortgage lender as they can take pre-authorized payments from your current account. Some people are used to dealing with their banks and are afraid of change but our guaranteed lowest mortgage rates means you will save thousands of dollars each year and still have the comforts of your bank branch. ~Back to Top~

MY CURRENT MORTGAGE RATE IS TOO HIGH

If you arranged your mortgage a few years ago you may be paying a significantly higher interest rate than what is available today. Many people don’t even think about their mortgage until it has to be renewed but with today’s rates at record lows, you may be able to save thousands of dollars. Another consideration is moving your mortgage into a variable product, not only do you take advantage of the very stable prime rate but in the last 10 years prime has floated on average between 1-2% lower than the 5 year fixed term. Even one percent can save you thousands of dollars. ~Back to Top~

MY BANK SAID NO

A bank may decline a client but more often than not it is because the banker taking the application for a mortgage didn’t pay enough attention to the true situation of the client or that bank simply does not run a program that would be conducive to the client. With 50 lenders across Canada we can find the perfect mortgage product for you and we are always here to listen, explore options, and be empathetic. ~Back to Top~

MY BANK IS ONLY OFFERING ME __________, BUT I WANT MORE

One of the best parts of my job is that nothing is black and white and there is always room to be creative. I love finding ways to allow my clients to reach their goals and if that means getting them a larger mortgage, no problem. If you know someone who is having to cut back their dreams or put them on hold because their bank won’t allow them get ahead, I can help explore other options. ~Back to Top~

RENOVATIONS

Owning a home can be costly when it comes to renovating. Upgrading a bathroom or kitchen, doing landscaping or even some simple painting or flooring jobs can add up. If you are looking to spruce up your abode, why not liquefy the equity in your home to pay for it. How easy is that, having the increased value in your home pay to renovate your home. ~Back to Top~

HELPING YOUR FAMILY

The sandwich generation is here, you know who you are, taking care of your children and your parents at the same time. If it is time to move the folks closer to you or move the kids out of the house, the family plan is a great option. Now parents can help their adult children buy property and can even help their children going through post secondary education to buy a place. What a great idea, have your children live in a place the family owns instead of paying rent to someone else. And the grandparents, well even if they are on limited income, now you can help them too with only 5% down! ~Back to Top~

PENSIONERS