OPTIONS You should be able to compare different loan options, programs, rates, product types, terms, penalties & mortgage flexibility solutions from…

A fixed rate typically has less flexibility & a slightly higher rate while a variable rate provides more flexibility and…

COMMON BORROWER’S ROWERS Self-employed individuals who have not claimed enough income to qualify with the bank Those with bruised credit New business owners WHAT’S…

AKA a collateral mortgage or readvanceable mortgage, meaning as you pay down your mortgage or your property value increases, your…

No income or credit requirements here. Qualifications for private financing will be based off equity or a larger down payment. Due to…

No The lowest rate is not always the cheapest option when factoring in the total cost. Saving you $$ & mortgage…

Not necessarily With as little as 5% down, you will see the best available rate, but you will be required to…

No With 5% being the minimum down payment, by simply getting started today, you will capitalize on Appreciation Mortgage Pay Down – Principal…

Yes Typically, a 50% down payment is required There are options at 25% down payment with plans to build

No! There are alternative lenders that we work with that will provide additional options Each situation will vary depending on individual factors

No There are alternative lenders that will look at a 6-month history & business revenue With a slightly higher interest rate, often…

Traditional Financing – Net income Stated Income – Business revenue Bank Statements – Usually 6 months Net worth – Liquid assets Business Cash Flow…

This incentive is a shared equity mortgage with the government of Canada, where they will contribute 5% (on existing homes)…

A provincially regulated program that allows First Time Buyers to be exempt from paying Property Transfer Tax Two ways to be…

This is a non-refundable credit that allows FTHB’s to claim up to $5,000 in the year that you purchased your…

This program allows all home buyers to pull up to $35,000TAX FREE from their RRSP, to purchase a home You will…

Use the 2-2-2 rule 2 trade lines $2,000 limit each 2 years each minimum Use each credit line & try not to carry 40%…

No The more established your credit is, the less your score will be affected, if at all When scores are slightly affected,…

Make payments on time Use less than 40% of your total limit Increase your number of trade lines in which you can…

Within a fixed rate mortgage, you will have the security of knowing that your mortgage payment will not change throughout…