SERVICES
First Time Home Buyers
I can empathize that being a first-time home buyer can be overwhelming; which is why it is essential to have a trusted mortgage professional on your side during the process.
Refinancing
From consolidating debts and obtaining a better rate to taking out money for renovations and other investments, there are many benefits of refinancing your home.
Mortgage Renewals
Mortgage renewals are one of the most neglected decisions made during the life of a mortgage. While many think it’s time consuming or not worth it to shop for rates, it can be quite beneficial. We’re here to help with every step of the process to ensure you receive the rate you deserve.
Second Properties
Whether you are purchasing an investment property, cottage, or a second home there are many options available to you that we can discuss in terms of your mortgage.
Private Lending
With private lenders, the rates are higher than a traditional lender as they consist of different fees, but they can be a great alternative for consumers who might be in a situation where they do not qualify with a traditional bank.
Construction Mortgages
Whether you are building your dream home or an investment property, the construction process can be quite rewarding and exciting, but it is important to factor that the mortgage process differentiates from your typical home purchase.
FAQs
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Not only is it a free service that will save you valuable time, money, and simply put, stress, working with a mortgage broker ensures you have a knowledgeable, experienced, and customer service oriented individual on your side that will provide you with access to additional lenders, better rates, and an overall seamless and personalized experience.
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I completely understand if you have a full time 9-5 job and are unable to arrange a time to chat or meet during the day. Our team is available in the evenings and on weekends to assist with all of your home buying and investment needs.
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The first and most important step is to distinguish exactly what you are pre-approved for so that you can start shopping in confidence. The pre-approval is determined based on a combination of your down payment amount, annual income, and monthly debts.
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taking on large new debts (ie. car loan, etc.)
co-signing a loan for someone else
quitting your occupation and starting new employment with a probationary period
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Your pre-approval stays valid with no expiry date, as long as your employment does not change, and your monthly debts do not increase.
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Absolutely, you can still purchase a home even with bad credit. We work with many institutions, including alternate and private lenders, to assist those who are on the process of rebuilding their credit.
These lenders often involve higher rates and fees, but are a great tool for a short-term solution.
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Mortgage default insurance is a cost that is added to the mortgage principle if the property is purchased with less than 20%. The mortgage will be insured by one of the three default insurers (CMHC, Sagen, Canada Guarantee) to protect the lender if the consumer goes into default with their mortgage. Down payment dependant, mortgage default insurance costs homebuyers 2.8% to 4.0% of the mortgage amount. Since the lender is protected of any risk, they will in turn offer a more competitive rate.
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After you’ve obtained a pre-approval, you can confidently start your real-estate search. Once you have found a property and your offer has been accepted, your application is submitted to a specific lender based on different options that was provided by your mortgage broker. Afterwards, you will receive an approval letter within 24 to 72 hours at which time you complete the required paperwork. Your lender will then provide the mortgage documents to your lawyer who will schedule a meeting to sign and process your home purchase transaction.
READY TO APPLY?
If you’re ready to apply for a mortgage, please click the link below to complete an online application to get approved with us. It’s easy, secure, and can be completed within minutes.
If you have any questions throughout the application process,