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Your Mortgage Journey Begins with Completing an Application

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Lenders

Rates

6 Month Fixed Term from

2.99%

NOTE: Like stock prices, mortgage rates are subject to constant fluctuation. Different lenders offer different rates to different clients. Contact me to negotiate your best rate with the lender who is right for you.

Term                              Rates

1 Year Fixed                                                4.59%

2 Year Fixed                                                4.29%

3 Year Fixed                                                3.79%

4 Year Fixed                                                4.14%

5 Year Fixed                                                3.99%

5 Year Variable                                           3.79%

HELOC Open                                              4.60%

Calculators

Budget Planner

The Budget Planner helps you create a customized budget in 3 simple steps. Gather information regarding your income and expenses and get started! If you don’t have all your information, you can always save and continue later.

Mortgage Payment Calculator

The Mortgage Payment Calculator helps you determine your mortgage payment for a new purchase or a renewal.  It considers different scenarios so you can consider alternatives.

Land Transfer Tax Calculator

The Land Transfer Tax Calculator helps you figure out the amount you need to pay at purchase for provincial and municipal Land Transfer Tax as applicable and considers rebates if you are a first time buyer.

Affordability Calculator

The Affordability Calculator determines your maximum affordable mortgage, your mortgage payment and helps you determine your down payment. It provides you an amortization schedule based on your scenario.

Mortgage Qualifier Calculator

To qualify for a mortgage loan with some lenders, you will need to pass a “stress test”. You will need to prove you can afford payments at a qualifying interest rate which is typically higher than the actual rate in your mortgage contract.

Associates

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Documents

For complete document information, see Document Library

Scenarios

Getting Pre-Approved

A pre-approval provides an estimate of how much you can borrow and locks in an interest rate for a specified period, but it is not a guarantee of final approval. It is not a mortgage commitment; it doesn’t guarantee you will be approved for a mortgage (sometimes industry jargon doesn’t mean what it seems to mean)

For pre-approval, the following documents are typically required for each mortgage applicant:

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Purchasing Property

When purchasing a property, the following documents are typically required for each mortgage applicant:

Property Information:

  • Realtor version MLS property listing
  • Signed Agreement of Purchase and Sale
  • Signed waivers – Agreement of Purchase and Sale (if applicable)
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Status / Strata Certificate (Condominium )
  • Proof of Home Insurance

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)
  • Rental income documentation (see below)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Switch/Transfer to New Lender at Mortgage Renewal

When purchasing a property, the following documents are typically required for each mortgage applicant:

Property Information:

  • Realtor version MLS property listing
  • Signed Agreement of Purchase and Sale
  • Signed waivers – Agreement of Purchase and Sale (if applicable)
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Status / Strata Certificate (Condominium )
  • Proof of Home Insurance

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Refinancing Property

When refinancing a property, the following documents are typically required for each mortgage applicant:

Property Information:

  • Recent mortgage statement showing the remaining balance and payment history
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Status/Strata Certificate (Condominium)
  • Proof of Home Insurance

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

HELOC / Equity Access

When acquiring a Home Equity Line of Credit (HELOC) or accessing equity in a property, the following documents are typically required for each applicant:

Property Information:

  • Recent mortgage statement showing the remaining balance and payment history
  • Status/Strata Certificate (Condominiums)
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Proof of Home Insurance

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Investment Property (Rental)

 When purchasing an investment property, the following documents are typically required for each mortgage applicant:

Property Information:

  • Realtor version MLS property listing
  • Signed Agreement of Purchase and Sale
  • Signed waivers – Agreement of Purchase and Sale (if applicable)
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Status / Strata Certificate (Condominium
  • Proof of Home Insurance

Rental Income

Purchase

  • Appraisal with Market Rents on subject property
  • Lease Agreement (if property is tenanted)

Refinance

  • Lease Agreement
  • Appraisal with Market Rents
  • 3 months bank statements
  • T1 General (including form T776 Statement of Real Estate Rentals)
  • 2 years Notice of Assessment (NOA) (if requested)

… other documents as required (lender specified)

 

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Rural / Cottage / Recreational Property

When purchasing a cottage or recreational property, the following documents are typically required for each mortgage applicant:

Property Information:

  • Realtor version MLS property listing
  • Signed Agreement of Purchase and Sale
  • Signed waivers – Agreement of Purchase and Sale (if applicable)
  • Property Appraisal (if applicable)
  • Property Tax Information
  • Proof of Home Insurance

Additional Cottage/Recreational Property Information:

A lender may require any of the additional documentation as per lender policies:

  • Certified Water Potability Test (see local public health unit)
  • Septic Inspection (if applicable) (see Ontario Association of Sewage Industry Services (OASIS) or local health unit)
  • Road Access and Maintenance Agreement (Contact local municipal office)
  • Zoning and Land Use Information (Contact local municipal office)
  • Survey or Site Plan (if applicable)
  • Year-Round Use (Contact local municipal office)
  • Property Survey (Contains details of any easements affecting the property)

 

Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Letter of Employment
  • 3 most recent pay stubs (not older than 30 days)
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Comprehensive list of assets (investment accounts, registered & non-registered accounts, vehicles, etc.)
  • Confirmation of savings or investments (if applicable)
  • Gift letter (if applicable)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

Commission-Based Income:

… the above (as applicable) and:

  • Commission statements (T4As) for last two years
  • Notice of Assessment (NOA) last two years

Self-Employed Individuals:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Income documents (as applicable for your situation to demonstrate income)
  • Divorce/Separation Agreement (if applicable)
  • Child/Spousal Support Payment (if applicable)

and …

Standard Program

  • Master Business License (not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  • Income must be paid from the same entity; can’t go from sole proprietor to corporation and use 2 years standard; need to wait a year.
  •  2 most recent years’ Notice of Assessment (NOA)

​If Incorporated, the above and:

  • 2 most recent years’ financial statements from your accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Insured Stated Income Program

  • Master Business License (if not incorporated)
  • 2 most recent years complete T1 returns
  • Statement of Business Activities
  •  2 most recent years’ Notice of Assessment (NOA)
  • HST Return
  • Stated Income Declaration Form (I will provide)

​If Incorporated, the above and:

  • 2 most recent years’ audited financial statements from your CPA accountant
  • Articles of Incorporation
  • Other documents depending on your situation

Alternative Stated Income Program

  • Master Business License (if not incorporated)
  • Stated income most be reasonable for your industry and align with most recent tax assessment
  • 6 months history of bank deposits to support stated income
  • Stated Income Declaration Form (I will provide)
  • Statement of Account: Taxes paid to CRA

​If Incorporated, the above and:

  • Articles of Incorporation
  • Other documents depending on your situation

Note: For this program, rates are tied to the strength of your credit

 

Reverse Mortgage

The following documents are typically required for a reverse mortgage for each mortgage applicant:

Property Information:

  • Title Deed (see Land Registry Office)
  • Mortgage Statement (if applicable)
  • Property Tax Bill
  • Recent Utility bills
  • Proof of Payment
  • Home Insurance Policy
  • Property Appraisal (arranged by lender)
  • Status / Strata Certificate (Condominium )

Individual Information:

  • 2 pieces of Government ID
  • Signed Credit Authorization
  • Spousal Consent (if you are married, your spouse must provide consent and sign relevant documents, even if they are not a co-owner of the property).
  • Income documents: T4/T4A, Notice of Assessment, (as applicable for your situation to demonstrate income)
  • Investment account statements showing income earned (if applicable)
  • Bank Statements showing the source of down payment (min. 3 months)
  • Independent Legal Advice (ILA) Certificate
  • Power of Attorney (if applicable)

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      Is a mortgage agent a mortgage lender?

      A mortgage agent has access to many types of lenders, including banks, including many financial institutions who only lend mortgage money through mortgage agents. A mortgage agent shops the market to provide you the best solution at your best rate.

      What types of mortgage loans do you offer or have access to?

      I engineer financial solutions using every type of mortgage loan available in the market today. Sometimes a single mortgage is required, other times a more complex solution involving multiple types of mortgages provides the optimized deal.

      Do I need a minimum credit score?

      I work with all types of clients; some have outstanding credit, others not so much. Don’t worry, I can get you to where you want to be no matter what your score. I don’t push mortgages, I engineer financial solutions to help you live your best life!

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      There is a general collection of documentation required to apply for a mortgage, but different lenders have different requirements. Not to worry, I will professionally handle the application process on your behalf.

      How fast can I be pre-approved?

      I can pre-qualify you today so you can begin your ‘home shopping’ and get you pre-approved within 24 hours. Please note, do not make an offer before I get you pre-approved.

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