First Time Home Buyer
You have lots of questions. We have a custom presentation and preapproval consultation specially designed to meet your needs. A home is one of the biggest purchases of your life and you have a lot of questions about the home buying process. The amount of new information in the marketplace can seem overwhelming. Here are just a few of the… Read More »
Rental Properties
You want to buy wealth-generating properties? We’re experts in financing rentals and investments and have financing options that are typically much more advantageous than the banks. 20% Down Rental Property With the new mortgage rules that came into place in the spring of 2010, mortgage financing is available up to 80% on all approved rental properties. Rental income can also be… Read More »
Refinancing
Refinancing your mortgage is just like getting a new mortgage and you should take just as much care in the process. There are many reasons for refinancing including: debt consolidation, purchasing additional property, breaking an original term if there are cost savings, or accessing equity for making home renovations or other large purchases. Equity Take-out Equity take out mortgages are receiving a lot… Read More »
Self-Employment
Programs to assist self employed home buyers have come a long way and there are a number of “Business For Self” products available. Financing is available up to 90% for home purchases and up to 80% for refinances, and with amortizations out to 30 years, provided there is solid credit history and required documentation is provided. The premise of self-employed… Read More »
CHIP Reverse Mortgage
A CANADIAN OPTION FOR RETIREMENT INCOME Your home is where you raised your family and built your memories. When something means this much to you, it can be hard to think about the financial challenges of staying in the family home. But challenges do exist for many Canadians. Reverse mortgages sound scare to some, but when you have the facts,… Read More »
Renewing
Don’t sign your renewal agreement without talking to us first! More than 70% of Canadians do not take advantage of their strength as a renewing borrower by using a mortgage broker’s services at renewal time. Many Canadians are blindly accepting the posted rate their bank offers them at renewal without doing any research. As a mortgage renewer, you are in a great position – your original mortgage principal… Read More »
Purchase Plus Improvements
If you have little down payment but know you want to renovate right away, a Purchase Plus Improvements Mortgage may be a great option for you. This new kind of mortgage permits homebuyers to get a mortgage that includes both the purchase price of the existing home PLUS any renovations/improvements the buyer would like to do. Buyers can borrow up to 95%… Read More »
Second and Vacation Homes
Whether it’s a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways, you can buy that property sooner – and perhaps with no down payment, depending on the equity you have in your other property. Programs vary depending on your circumstances, so Contact Us to talk about your best options.
New Immigrants
Welcome to Canada! A number of lenders have created mortgage products exclusively for those new to Canada. As circumstances vary greatly, it is best to Contact Us for specific information. The programs vary widely based on residency status (permanent, temporary or U.S.) and how large of a down payment is available. Financing is available for 90-95% financing through CMHC and Genworth insured progams. … Read More »
Private Mortgages
What are private mortgages? Private mortgages fill the gaps that mainstream lenders are unable to fill. These mortgages are funded by private individuals or groups rather than a bank or credit union. The private lender is invests in registered mortgages because they can receive higher returns than in some other investments. The degree of risk corresponds directly with the rate charged. How do I become… Read More »