There are a muilitude of programs from our lenders and options when it comes to getting a mortgage, whether it’s your first, second or tenth mortgage, a rental or investment property. This page goes through some of the options and programs we have access to as a brokerage. Our focus is to educate our clients to help make the best decision and understand your options.
Self Employed Stated Income
I understand that as a consultant, contract worker, or independent business owner your taxable income may not reflect your true income. And with more Canadians becoming self-employed everyday lending institutions have developed a mortgage based on credit history and confirmation that you don’t have any outstanding taxes.
HELOC / Line of Credit
If you need to borrow money to pay off debts or make a purchase, a home equity line of credit (HELOC) can be extremely useful. A HELOC is a revolving credit line secured by the equity in your home.
A second mortgage typically refers to a secured loan (or mortgage) that is in second place to another loan against the same property.
Welcome to Canada
Congratulations! You have taken a big step. Moving to a new country takes courage. It also creates exciting opportunities and new beginnings. Taking the time to learn what to expect-and what is expected of you-will help you succeed.
Free Down Mortgage
Coming up with a 5% down payment isn’t always easy, especially when you still have to cover closing costs, moving expenses, renovations, and all the other costs that come with buying a home.
Borrowed Down Payment
The Flex Down Payment Mortgage has been developed for homebuyers who have excellent credit history (Score of 650 or greater) but have not accumulated the required down payment.
Bad Credit Mortgage
While you might be in a tough spot, with financial wos and credit agencies at your heels, there is light at the end of the tunnel. And it might just come in the form of a Bad Credit Mortgage.
Are you struggling to meet your business financial requirements? Whether you are a first time commercial buyer or a seasoned commercial owner, arranging a mortgage can be very confusing. That’s why you should work with a mortgage professional who can answer all your questions and tailor a mortgage to suit your individual needs.
A ‘reverse mortgage’ is a new way of borrowing money for people 60 or older and own a home or condo to qualify for a reverse mortgage in Canada.
Second / Vacation Home
I know that today’s busy lifestyle requires more home ownership options – whether it’s a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways.
Cash Back Mortgage
You can receive as much as 5% of the mortgage amount paid to you at closing in Canada. That’s $10,000 on a $200,000 mortgage.
Real Estate Investors
An increasing number of regular homeowners are purchasing second homes to flip or as a rental property to hold. Purchasing investment/rental property can be an excellent way to increase wealth and provide passive income.
More than 17 percent of the energy consumed in Canada is used to run our homes. Buying an energy-efficient home or making energy-saving renovations can offer big savings.