Mortgage Services

With the appreciation of equity in your home, refinancing allows you to restructure life finances to live optimally.

Whether for debt consolidation, marital separation, renovation of your property or to pursue strategic investments for wealth creation purposes, a well thought out and fully informed mortgage strategy can change your world.

At renewal time your mortgage has reached the maturity of its term allowing you to seek alternate lender options without being subject to penalties for leaving your existing lender. 

I will use my expertise and lender reach to assist you in making the best decision for yourself and long term mortgage strategy, including if staying with your current lender is the best course. Seeking a second professional opinion is always a good strategy for major life decisions.

As a first time homebuyer you have several incentives that make the process more economically feasible; being able to use RRSP’s up to $25k per person and being eligible to receive a minimum land transfer credit of up to $4k or more depending on the purchase price and location of the property. 

It is a faulty assumption that rate is the key determinant in pursuing the best mortgage strategy. Understanding the process of approve-ability, best use of funds available and all the various components that make up a mortgage product or lender can save you thousands of dollars over the life of your mortgage. 

When purchasing a single-family owner-occupied home under one million dollars, a 5% minimum down payment (up to 7.5% when over $500k) satisfies qualification guidelines – this under approved credit and traditional income requirements. Even when purchasing a 2nd home – whether to house a child at university, buying a recreational home and/or to house elderly parents – the down payment can be as little as 5%. For properties over one million dollars, a minimum 20% down payment is required.

Not all lenders are created equally when pursuing a mortgage strategy for a non owner occupied/investment home. Property types, location, how rental income is applied for qualification purposes etc are all determining factors when pursuing your best financing option. Understanding the various mortgage strategies available can help you make the most suited financial decision. With access to a wide range of lenders in the marketplace, a consultation can assist you along this wealth creation strategy.

When obtaining traditional financing from lending institutions is challenged due to the type of property, circumstance of the transaction or borrower profile, private financing solutions can help mitigate the limitation at play. Regarded as a temporary financing solution; rates, fees and terms vary according to the application type and your position at the time of application.

Private financing is often used as a stepping stone solution toward re-establishing traditional financing options once the life event or circumstance has been resolved.

Building a custom home requires specialized financing and the know how to acquiring it. This insight can turn an otherwise stressful situation into an optimal one. Understanding progress draws, the permitted stages of fund advances and the impact on your finances throughout the build are of paramount importance.

Financing options available differ, depending on whether the build is done through a Tarion warrantied builder or circumstances where you are acting as the general contractor.

Whether buying a residential 5 plex, industrial unit, apartment building, medical building or commercial plaza and all the other types of commercial properties in between, tailor made financial options vary according to lender and their commercial real estate preference type.

Variations in rates, fees and down payment tolerances all influence the type of financing that can be secured. With access to some of the best lenders in the commercial arena, you can save time and money while always being in the know.