Making the mortgage process easy.
I will let you know if you're qualified before you finish the full application. This helps get things on track from the 1st step.
Select your rate and term
I will help you choose the right mortgage that fits your needs, not the needs of your bank. Remember this is about what you need.
Verify your info and sign
Provide Me with the needed documentation to complete the mortgage application process. I will go through and make sure we have everything that's needed.
More than just great rates.
Speed matters. Which is why we can determine if your approved quickly.
Transparency for all
We’re big fans of the phrase, “what you see is what you get.” No hidden fees, no hidden meanings.
Built on Trust
We offer products and services designed to put our clients first. Always.
What is a pre-approved mortgage?
A pre-approved mortgage provides an interest rate guarantee from a lender for a specified period of time (usually up to 120 days) and for a set amount of money. The pre-approval is calculated based on information provided by you and is generally subject to certain conditions being met before the mortgage is finalized. Conditions would usually be things like 'written employment and income confirmation' and 'down payment from your own resources', for example. Most successful real estate professionals will want to ensure you have a pre-approved mortgage in place before they take you out looking for a home. This is to ensure that they are showing you property within your affordable price range. In summary, a pre-approved mortgage is one of the first steps a home buyer should take before beginning the buying process.
Short or long term mortgage S/B Insured or Conventional?
Insured or Conventional. This is one of the more challenging choices if you have the option of putting 20% or more down ( Conventional ) on your home purchase. By putting 20% down or more you can save the cost of mortgage insurer premium. And you may also opt for a longer amortization up to 35 years with some lenders. Conventional qualifying is based on contract rate plus 2%. Insured mortgages have the advantage of better interest rates. This has not always been the case, but for the last 2 years since federal rule changes came into place in Canada. Amortization is limited to 25 year maximum. Insured qualifying is based on Bank of Canada 5 year benchmark rate amortized over 25 years. Insured mortgage stays with the property & owner until a refinance is done. The advantage to consumer is that if a renewal or switch at maturity is preferred, the consumer can pick from the best insured rates available. .
Can I get a home with just 5% down?
What is a Fixed rate mortgage?
The interest rate on a fixed-rate mortgage is set for a pre-determined term - usually between 6 months to 35 years. This offers the security of knowing what you will be paying for the term selected.
Prequalified vs Pre-approved: what is the difference?
A pre-qualification certificate can allow you to shop for the home which will suit your budget. A pre-approval mortgage provides an interest rate guarantee from a lender for a specified period of time (usually up to 120 days, but sometimes up to 12 months) and for a set amount of money. The pre-qualification or pre-approval is calculated based on information provided by you and is generally subject to certain conditions being met before any mortgage is finalized. Conditions would usually be things like 'written employment and income confirmation' and 'down payment from your own resources', for example. Most successful real estate professionals will want to ensure you have a pre-qualification certificate or pre-approved mortgage in place before they take you out looking for a home. This is to ensure that they are showing you property within your affordable price range. In summary, a pre-qualification certificate or pre-approved mortgage is one of the first steps a home buyer should take before beginning the buying process.
Can I get a home with just 5% down?
Most lenders now offer insured mortgages for both new and resale homes with lower down payment requirements than conventional mortgages - as low as 5%. Low down payment mortgages must be insured to cover potential default of payment, and their carrying costs are therefore higher than a conventional mortgage because they include the insurance premium. With all low down payment insured mortgages, you are responsible for: :appraisal and legal fees :an application fee for the insurance :the payment of the mortgage default insurance premium (although the amount of the premium may be added to the mortgage amount).
What's a variable rate mortgage?
A variable rate mortgage uses the bank of canada overnight lending rate plus a premium from the lender say 2%. Your payment may fluctuate from month to month depending on market conditions. Or if you fix the payment amount & interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest. Similar to Fixed rate mortgages, Variable rate mortgages allow prepayment of specified amount with certain minimums & maximums depending on lender. Variable rate mortgages also offer a payout penalty option ( should you wish to or be forced to sell & break the mortgage ) which could be less than with a Fixed rate mortgage.
More about Me
AB Mortgage AssociateExpert Advice on Your Mortgage
Customer service is my passion, and I bring this enthusiasm to finding clients the best mortgage for their individual needs and goals. An independent mortgage consultant, I have built my business on offering honest, impartial advice and attention to detail.
I take care to connect clients with a mortgage that fits their life. As part of Invis, Canada’s largest independent mortgage brokerage firm, I have access to a full range of mortgage options, including products aimed at niche borrowers, such as the self-employed, those new to Canada, or those who have past credit issues.
I would welcome the opportunity to be of service to you – I aim to make the entire mortgage process as smooth as possible. Contact Me