Pre-Approval

Find out how much you qualify for before finding your dream home and make your search enjoyable. Why start looking for a million dollar home, only to find out you cannot get the financing you need? Having this information tells you how much you can afford, and reduces stress and anxiety. Your pre-approval rate can be valid for up to 160 days. You are under no obligation to accept this rate. However, if rates drop during your search, you will receive the lower rate. Receiving a pre-approval does not guarantee you a mortgage. Lenders consider a number of factors including:

  • The property has to qualify, for example:
    If the purchase price is $700,000, but the appraised value is $600,000, the lender will not give you the mortgage amount that you were pre-approved for
  • The condition of the home
  • Any significant income changes

Refinance / Home-Equity Line of Credit (HELOC)

Interested in consolidating or reducing your debts to have smaller monthly payments?
Consider refinancing your mortgage or using home equity to:

  • Put a family member through school
  • Pay off student loans
  • Purchase a second property / vacation home
  • Finance a wedding
  • Renovate your home

Take out a home equity line of credit, and use as much as you need, when you need it. Secure a
line today to access funds for events and projects at your leisure. Have you been dreaming
about a deck in your backyard? Now you can have it!

Purchase

We’ll help you navigate your new purchase. Documents needed include:

  • Employment letter
  • T4’s and paystubs
  • Copy of property listing
  • Copy of property appraisal
  • Copy of the purchase agreement
  • Proof of down payment
  • Contact information for your legal representative

Finding you a competitive mortgage rate along with the best product for you means:

  • Different payment options
  • Ability to port your mortgage
  • Low discharge penalties
  • Lump-sum pre-payment options along with additional monthly payment options

Business for Self

Self-employed? Don’t despair. You can still qualify for a mortgage. A mortgage is within your reach with a little extra information required:

  • 2 years of Notice of Assessments
  • 2 years of financial statements / bank statements
  • 2 years of tax returns
  • Copy of Articles of Incorporation / business license

We can take the complexity out of the mortgage process, and lead you every step of the way.

First-Time Home Buyer

Here are just a few incentives of being a first-time home buyer:

  • If you have an RRSP, you are allowed to borrow up to $35,000 to put towards your down payment. You now have the privilege of replenishing these funds over 15 years, tax free
  • Make use of the first-time home buyer’s tax credit by claiming up to $5000 on your tax
    return in the year of purchase
  • Qualify for a GST / HST new housing rebate for a purchase price up to $450,000
  • In Toronto, first-time home buyers can take advantage of a land transfer tax rebate up to a maximum of $4000
  • Some municipalities offer down payment assistance programs. Contact us for more
    details in your area.

Low Credit Score

Our goal is to qualify you for a mortgage along with helping you improve your credit score. Increasing your credit score usually means paying higher interest rates at the beginning. As your credit improves, we will help you find more competitive mortgage rates.