Mortgage Services

Home Buyers

Buying a home is an exciting journey, and we’re here to make it as smooth as possible. Canadian homebuyers have diverse needs, which is why we offer customized mortgage options and flexible terms that work best for your situation.

Customized mortgage options and flexible terms

Our Services for Home Buyers Include:

Mortgage Pre-Approval: Secure a pre-approved mortgage to know your buying power and get peace of mind with locked-in rates.
Customizable Terms and Amortizations: Select from a variety of mortgage terms (usually 1 to 10 years) and amortization periods (typically 25 to 30 years). Shorter terms can lead to savings on interest, while longer terms can provide stability, helping you find the balance that suits your goals.
Flexible Rate Options: Choose between fixed and variable rates, with terms suited to your lifestyle, whether you’re looking for predictability or flexibility in fluctuating interest markets.
Guidance Every Step of the Way: We provide support throughout the process, ensuring that you understand mortgage terms, closing costs, and every other detail, so you can feel confident about your decision.

Our team is here to make homeownership a seamless experience, finding the best rates and options for Canadian homebuyers.

First Time Home Buyers

Starting as a first-time homebuyer can be daunting, but our tailored services make it easier to navigate programs, understand financing options, and achieve homeownership with confidence.

Special Benefits and Programs for First-Time Buyers:

Home Buyers’ Plan (HBP): Withdraw up to $35,000 (or $70,000 as a couple) from your RRSPs to put toward your down payment without immediate tax penalties.
First-Time Home Buyers’ Tax Credit: Eligible first-time homebuyers in Canada can receive a non-refundable tax credit of up to $1,500 to help with closing costs, making it a bit easier to manage the expenses that come with buying your first home.
Provincial Exemptions: In British Columbia, qualifying first-time homebuyers may be exempt from the Property Transfer Tax on homes up to $500,000, reducing upfront costs and making it easier to buy a first home in the province.
Exclusive First-Time Buyer Rates: Access competitive rates and down payment flexibility designed for first-time buyers, making homeownership more achievable.

Our team helps you make sense of these programs, whether it’s saving on taxes, accessing favorable rates, or understanding each step of the mortgage process.

High Ratio Mortgages

A high-ratio mortgage is ideal for homebuyers with a down payment of less than 20%. While these mortgages require mortgage insurance, they allow you to purchase a home sooner without needing a large down payment.

Benefits and Considerations of High-Ratio Mortgages:

Accessible Homeownership: Qualify for a mortgage with a smaller down payment, typically as low as 5% for properties under $500,000.
Mandatory Mortgage Insurance: With less than a 20% down payment, Canadian law requires insurance from a provider like CMHC, Sagen, or Canada Guaranty. While clients don’t choose the provider, the mortgage insurance allows more flexibility for buyers to enter the market sooner.
Competitive Rates: High-ratio mortgages often come with lower interest rates, making monthly payments more manageable despite the additional insurance premium.

We’ll help you understand how mortgage insurance works, how premiums are calculated, and how this type of mortgage can make homeownership attainable in a competitive real estate market.

Conventional Mortgages

With a down payment of 20% or more, a conventional mortgage is a great choice to save on monthly costs and build equity faster.

Advantages of Conventional Mortgages:

No Mortgage Insurance Needed: Without the need for default insurance, conventional mortgages have fewer monthly costs, letting you direct more of your payments toward your home.
Faster Equity Growth: A larger down payment means you’re building equity sooner, providing additional financial security and freedom.
Flexible Payment Terms and Rates: Many lenders offer preferred rates and terms for conventional mortgages, giving you more control over how you manage your mortgage.

Our team will help you compare options from top Canadian lenders and provide guidance to ensure this type of mortgage aligns with your financial goals.

Investment/Rental Purchases

Buying rental or investment properties is an effective way to build wealth, and we offer specialized mortgage options and guidance for Canadians ready to make this type of investment.

Key Points for Investment and Rental Property Mortgages:

Income Requirements and Qualification Standards: With investment properties, lenders often consider rental income for mortgage qualification. We’ll walk you through these standards, so you’re prepared with the necessary documentation.
Tailored Mortgage Options: Investment properties may qualify for specific mortgage products, including higher loan-to-value ratios and competitive rates based on property type and income potential.
Expert Advice on Management and Tax Implications: We provide insights into managing rental properties, understanding tax benefits, and planning for property maintenance.

New to Canada

Starting fresh in a new country is a big change, and buying a home may be one of your first goals. We offer specialized mortgage services for newcomers, helping you understand the mortgage process in Canada and connect with lenders who support new Canadians.

Tailored Solutions for New Canadians:

Alternative Credit Assessments: For those with limited Canadian credit history, we work with lenders who accept alternative credit information, such as rental payments, utility bills, or international credit history.
Flexible Down Payment Assistance: Newcomers may have access to special programs and assistance, making it easier to save for a down payment or qualify for financing with a smaller initial investment.
Comprehensive Guidance: We’ll walk you through each step, from mortgage pre-approval to closing, ensuring that you fully understand all requirements and options available.

Our goal is to make the mortgage process simple and accessible, empowering you to achieve your homeownership dreams in Canada.

Self-Employed

Self-employed Canadians can face unique challenges in securing a mortgage, but with the right support, homeownership is within reach. We work with self-employed clients to help them understand their options and navigate lenders who welcome non-traditional income.

Mortgage Solutions for Self-Employed Canadians:

Alternative Income Documentation: Many lenders accept alternative documentation for income verification, like bank statements or financial records from your business.
Stated Income Programs: If income verification is challenging, we work with lenders that offer stated income programs, providing flexibility for freelancers, contractors, and business owners.
Flexible Payment Options: Choose from payment terms and schedules that align with variable income, helping you feel secure in managing your mortgage over the long term.

Our team understands the ins and outs of self-employed income, and we’re here to find flexible solutions that work for your financial lifestyle.

Home Owners

Owning a home opens the door to a range of mortgage options that can support your financial goals, from accessing home equity to restructuring debt or renovating. Our mortgage solutions are designed to give Canadian homeowners flexibility and control over their financial future.

Bridge Financing

Bridge financing is a short-term solution for homeowners buying a new home before the sale of their current one. It provides temporary funds to “bridge” the gap, covering down payments or other expenses until your home sells.

How Bridge Financing Works:

Flexible, Short-Term Solution: Use bridge financing to secure your new home without waiting for the sale of your current property.
Interest-Only Payments: Many bridge loans allow for interest-only payments, reducing the impact on cash flow.
Quick and Convenient Access: Our team works to expedite bridge financing, so you have the funds when you need them most.

We make bridge financing easy to understand, so you can move into your new home with confidence, knowing your finances are covered during the transition.

Home Equity Lines of Credit (HELOC)

A Home Equity Line of Credit (HELOC) lets homeowners access the equity they’ve built in their property to use for home renovations, education, investments, or other major expenses. This flexible, revolving line of credit allows you to borrow against the home’s equity as needed.

Benefits of a HELOC:

Flexible Access to Funds: Withdraw only what you need, up to a predetermined credit limit, and repay as your cash flow allows.
Interest Only on What You Use: You only pay interest on the amount withdrawn, making it a cost-effective solution for large expenses.
Potentially Lower Interest Rates: HELOCs typically offer lower interest rates than other types of credit, as they’re secured by your home equity.

Our team helps you determine how much equity you can access and works to find the best HELOC terms suited to your financial goals.

Medical Professional Programs

Our medical professional programs cater to the unique needs of doctors, dentists, veterinarians, and other healthcare professionals, including newly practicing and foreign-trained physicians. We understand the challenges that come with extensive training and student debt, and our programs are designed to help you secure mortgage options that align with your qualifications and career path.

Mortgage Benefits for Medical Professionals:

Newly Practicing Physicians: Physicians who have completed their residency or fellowship within the last 24 months can qualify with proof of program completion and specialization. This flexibility makes it easier to secure financing as you start your career.
Newly Practicing Foreign-Trained Physicians: For foreign-trained physicians, our program requires proof of program completion within the last 24 months or active registration with a provincial college, confirming you are legally authorized to practice in Canada.
Residents/Fellows: Medical residents or fellows in their final year, or those who have completed their residency/fellowship within the last 24 months, can qualify based on projected income, which takes your field or specialization into account for mortgage qualification.

We’re here to make homeownership accessible and straightforward for healthcare professionals, offering mortgage options that consider your educational and professional background.

Mortgage Renewal

When your mortgage term comes to an end, renewing is an opportunity to review and possibly renegotiate your mortgage. By assessing new rates and terms, we help homeowners maximize savings and find better options suited to their current financial picture.

Key Considerations for Mortgage Renewal:

Access to Lower Rates: Use this time to take advantage of competitive rates in the market or adjust your rate type (fixed vs. variable).
Modify Payment Terms: Adjust your payment frequency, amortization period, or even your loan type to align with your financial goals.
Avoiding Renewal Penalties: We work with you to ensure timely renewal and avoid penalties or fees.

Our team will help you explore all options, including switching lenders if it offers you better rates and terms.

Refinancing / Equity Takeout Mortgages

Refinancing, or an equity takeout mortgage, allows you to leverage your home’s increased value by replacing your current mortgage with a new one for a higher amount. This provides access to cash for major purchases, debt consolidation, or investments.

Benefits and Uses of Refinancing:

Access Cash at Lower Interest Rates: Use the equity in your home to access funds at mortgage interest rates, which are often lower than other credit options.
Debt Consolidation: Combine high-interest debts (such as credit card or personal loans) into a single, manageable monthly mortgage payment.
Flexible Terms and Rates: Tailor your refinancing solution with options like fixed or variable rates and terms that suit your financial needs.

We’ll guide you through the refinancing process, ensuring you understand your options, potential costs, and the impact on your mortgage term.

Reverse Mortgages

For Canadians aged 55 and over, a reverse mortgage allows you to access up to 55% of your home’s value as tax-free cash while retaining ownership of your property. This can be a valuable option for retirement income or to cover other financial needs.

Advantages of a Reverse Mortgage:

No Regular Payments Required: Unlike traditional mortgages, there are no mandatory monthly payments, and the loan is repaid when the home is sold.
Tax-Free Cash: Access the equity in your home as tax-free income, preserving other retirement savings.
Flexible Payout Options: Choose to receive funds as a lump sum, in monthly payments, or as a line of credit based on your financial needs.

We’ll guide you through the pros and cons of a reverse mortgage, helping you assess if it’s the right choice for your retirement plans.

Spousal Buyout and Divorce Mortgage Help

Navigating mortgage options during a divorce or separation can be complex, especially if one partner wishes to retain ownership of the home. Our spousal buyout mortgage services are designed to make this transition as smooth as possible, providing refinancing solutions to buy out your partner’s share of the property.

How Spousal Buyout Mortgages Work:

Customized Refinancing Options: Secure refinancing that allows you to buy out your partner’s equity, keeping your home during a time of transition.
Access to Equity for Separation Settlements: Use your home’s equity to facilitate asset division, covering any payments needed to complete the settlement.
Guidance and Support: We offer compassionate guidance, helping you understand your options and manage the financial aspects of the separation.

Our experienced team is here to support you through this process, helping you secure your financial future with the least disruption possible.