Mortgages

Having your best interests at our heart we work for you to obtain the lowest rates and best terms available.

You may be:

• Purchasing new home
• Refinancing
• Renewing your mortgage
• Buying rental or commercial properties
• In a process of debt consolidation
• Or you want to structure your mortgage in tax efficient way

You may be self employed, or have a bad credit rating. We are here to help you.

If you are buying for the first time, get your mortgage pre-approved.

You will need:

• your personal information, including identification such as your driver’s license;
• details on your job and proof of your salary;
• information about your bank accounts, financial assets, current loans and other debts;
• how much your down payment will be and where the money is coming from; and
• proof that you have enough money to cover the costs of closing the sale. 

If you would like to see how big mortgage you can manage please follow the link to Canada Mortgage and Housing Corporation.

The Importance of Your Credit Rating

• Your credit history gives mortgage providers information on your financial past and how well you have paid your debts and bills.
• If you have no credit history, it is important to start building one. This can be done, for example, by applying for a credit card.
• If you have a bad credit history, you can still qualify for a mortgage as long as you have a guarantor - a person who meets the bank’s or credit union’s requirements, has a good credit history, and can guarantee your loan. 

Dealing with Mortgage Payments Difficulties

When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action. With early intervention, cooperation, and a well executed plan, you can work together with your financial planner to find a solution to your financial difficulties.

What can we do to help?

If you find yourself facing financial difficulties, as a result of job loss, family income reduction, or for other reasons, it can be an overwhelming experience leaving you feeling uncomfortable and unsure of what to do. By following these three simple steps, you can make a big difference in resolving your financial difficulties.

We will help you:

1. Talk to your lender
   To increase the chance of successfully managing your financial situation through early
   intervention, your lender should be informed at the first sign of financial difficulty;
   We need to keep the lender informed as circumstances evolve.
   
   
2. Clarify the financial picture
   In order to help your lender fully understand your financial situation, before meeting with your lender, prepare a detailed list of financial obligations including any credit cards, loans, household bills with the amounts owing and their due dates. Be sure to include information about your current income, savings accounts, investments, and any other assets.
   
   
3. Stay informed
   The more information you have at your disposal on managing your finances, the easier it will be to make the right decisions.
   Take Charge of Your Debts is an online tool from the Government of Canada that is designed to help borrowers like you understand debt problems, and includes information on making a budget, budget counselling, collection agencies, credit, and credit repair.

Structure Your Mortgage Debt to be more Tax-Efficient!
(this strategy is not a Tax-deductible Mortgage. It is most suitable for clients who are in a high tax bracket, are comfortable with the volatility of the markets, and comfortable with their cash flow situation. It may not be suitable for everyone). Please contact us for details.