Services

Why use a mortgage broker? We have extensive experience in the mortgage financing and real estate industry – since 1990. As part of our job, we are continually being updated on interest rate specials and new mortgage products being offered by the financial institutions. We have an electronic connection to lenders like TD/Canada Trust, Bank of Montreal, Bank of Nova Scotia, HSBC, Laurentian and National Banks, Firstline Trust (CIBC Group of Companies), major life insurance groups like MCAP (Clarica & Bank of Montreal) and most local credit unions. These lenders all provide answers to us within a 5 hour turnaround. We are updated at 6:00am every morning, so the information we have for you is always current and accurate.

 

 

PURCHASE

 

We offer a level of specialized knowledge and service that far surpasses what you've come to expect from your bank. Since we're not affiliated with any one lender, we can be completely unbiased in recommending mortgages from a variety of different sources. We shop every available lender to make sure you get the most attractive rate and features. And best of all, our professional advice and assistance is free!

 

Here is what we will need from you:

 

CLICK HERE to complete the online application. 

 

Follow it up with the following paper documentation:

 

Employment verification – this is in the form of a letter from your employer confirming the date you started your job, your present position and your annual salary. This letter should have the name and phone number of the letter writer on it as the lender we select for you will phone to confirm the information. The letter should also be supported by your most recent year to date pay slip.

 

If you are self employed – send us your last 3 years of Revenue Canada Notice of Assessments as well as the last 3 years of your company financial statements.

 

Down payment verification – We require a 3 month history of the source of your down payment funds. This is usually supplied by 3 months worth of bank account statements or RSP statements.

 

Your down payment may also be from the sale of an existing home in which case, all we need is a copy of the sale agreement and a copy of your existing mortgage statement.

 

Lastly, if you do not have the down payment funds on your own, it is acceptable to have them gifted to you from immediate family. If this is the case, we require a letter from the person giving the gift and verification that the funds have been deposited into your account. 

 

Purchase agreement and copy of listing – Of course if we are going to lend you money on a property, we need to know something about the property as well. We need to see the particulars of what you are buying and how much you are paying for it. Both the purchase agreement, and the MLS listing, may be supplied to us by your real estate agent. 

 

You can start the process by completing the online application, (link), while you are waiting for your approval, (usually 1 day), you can gather up the rest of the paperwork and fax, email or drop it off to one of our offices. 

 

REFINANCE OR EQUITY WITHDRAWL

 

There are many reasons why you might want to refinance, or increase, your existing mortgage You can use the refinance type mortgage to consolidate non-mortgage debt, to finance improvements to your home, or for investment. You may even want to pay out an existing mortgage into a new term and amortization. 

 

A refinance is like a whole new mortgage. It requires a complete application, and is supported by the same paper work as a purchase (see purchase area for details). You will require the services of a lawyer or notary or in some cases title insurance. 

 

Many people do not realize that they may be spending unnecessary money in higher interest cost on consumer debts as well as tying up their cash flow, when they could consolidate everything into one payment and free up their money for investments or for paying off the mortgage faster.

Contact us today if you are interested in help with calculations to see if a mortgage refinance is appropriate for your needs.

 

RENEWAL

 

What happens when your mortgage comes up for renewal? You get a letter from your lender offering to renew it for you and offering you what they claim to be their best interest rates. Approximately ¾ of all mortgage holders take their lenders word for it and sign the renewal notice without shopping around. That is what we are here for. 

 

CLICK HERE to send us an email with your maturity date and we will track your renewal date for you. Once we have a rate commitment, we will send you an email advising you of the rates and products we can offer you.

 

Chances are that a lot has changed since you did your last mortgage application, changes in job, marital status, etc. can have a big affect on your application. In order to fully serve you, complete the on line application and we will have not only a rate commitment, but also an approval for you when we reply.