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Why use a mortgage broker instead of a bank?

Main reason.... we work for you, not the bank!  With a bank you have access to only their specific products.  With us you have access to most lenders and products in Canada.  We shop the entire market for the best rates, terms and solutions for your specific needs.  Unlike the banks, we work with you, one on one, from application to closing.  This way you are able to learn about the entire process and understand all the costs involved and are able to avoid any unwanted surprises.  We have the time to spend with our clients to keep them informed at every stage of the process and explain everything that will take place.

Because mortgage financing is our primary business, we have the expertise in what types of financing each lender offers which saves you time, money and worry when it comes to making one of the biggest investments of your life.  When we pre-approve or pre-qualify you, you can be assured you are ready make that purchase without fear of the game changing on you.  Most banks simply qualify on income alone before sending you shopping for a house. This can lead to disappointment if your application suddenly runs into road blocks. 

When you call your bank, can you ever get your banker on the phone, or do you get a call centre?  Service is our priority which is why our clients keep coming back to us and referring their friends and family.  Our business depends on word of mouth as apposed to mass marketing so we have to be better and more personal than the banks. 

Win/Win... best of all, our service is free to you for most residential financing.  The only way you can lose is by not talking to us.   Complete and submit our online application today, or contact us with any questions you might have. 


What is the minimum amount of money needed to buy a home?

In most locations, you only require 5% of the purchase price as your down payment. In some instances, you may qualify to purchase a home with no money down!  This helps to ensure you are dedicated to making your mortgage payments and keeping your home.

How can you determine how much of a mortgage you qualify for?

Several factors are involved in determining your purchase potential or how much you Qualify for. Just go to the Mortgage Calculators tab and choose "Maximum Mortgage". This is a great tool for buyers, it will calculate the maximum mortgage amount you qualify for based on your income.    

How can a Cash back Mortgage assist a first time homebuyer?

Institutions have developed a product called the "Cash Back Mortgage" so a buyer with the down payment but no cash to cover closing costs can still purchase a home. As long as you have the minimum down payment required, institutions are now giving you a cash reward to assist you in paying for your closing costs. You can also use this money to purchase furniture or appliances.

Should you get a pre-approved mortgage?

Definitely. Obtaining a mortgage pre-approval is an important initial step in securing a mortgage to buy a home. The lenders will analyze your current income, debt situation and credit history in order to qualify you for a maximum loan amount. This gives a clear picture of your financial parameters and an idea of your purchase price range.

How can you strengthen your bargaining with the vendor of the home you wish to buy?

Obtain a pre-approved mortgage. There are three people who will benefit from your pre-approval: YOU, YOUR AGENT, and THE SELLER OF THE HOME YOU WANT TO BUY. Do you want to strengthen your bargaining position with the seller? Get pre-approved. Do you want your offer to stand out in a case of multiple offers for the same house. Get approved. Look at it from the sellers perspective. If you had 2 offers on the table for your home, one from a fully approved buyer and the other from a buyer that hasn't made any effort to get pre-approved - to which offer would you devote the most attention?

If you are a first time homebuyer, which mortgage term should you choose?

If you have less than 25% down payment, you could take a fixed term mortgage of at least 3 years or variable rate mortgage. Therefore, the options of 3,4,5,7 &10 year terms are available and it is your choice which one of these terms fits your needs. If you have 25% down payment or more, all mortgage terms are available to you and there are no restrictions.