Qualified first time home buyers may purchase an owner occupied property of up to 2 units with as little as 5% down and 3 to 4 units with 10% down. Extended amortizations of up to 30 years are also available to help make monthly payments more affordable.
Most homeowners don’t realize they are not required to stay with their current lender at renewal. If no action is taken, your lender may automatically renew your mortgage into a higher rate open term or a short term closed. I’ll review your options with you and help ensure you secure the most competitive rate and terms for your situation.
Refinancing your mortgage can be a strategic way to access your home equity to consolidate debt or free up cash for other needs. I’ll help you assess whether refinancing is the right option for your situation and structure a solution that aligns with your goals. Please note that legal and appraisal fees are typically your responsibility.
Allows you to finance both your home purchase and eligible renovations within one mortgage, often with as little as 5% down. I’ll help you structure the financing using approved renovation quotes so you can move into a home that better fits your needs. Renovation funds are released after completion and lender approval, so upfront funds are required.
Purchasing a rental property requires a minimum 20% down payment. Some lenders may use 50%-100% of expected rental income to help offset costs, provided you can demonstrate sufficient income stability to support the mortgage in the event of vacancy.
Helps newcomers to Canada purchase a home with as little as 5% down, depending on status and credit history. Eligible borrowers include permanent residents, work-permit holders, and refugees (conditions apply), with at least 3 months of full-time Canadian employment required unless arriving through a corporate relocation program.
Allows you to use borrowed funds from sources such as a personal loan, line of credit, or credit card for your downpayment on an owner-occupied home. You must qualify with strong credit and income, and be able to cover closing costs, as the borrowed payment is included in your debt ratios when determining approval.
This allows you to refinance the matrimonial home for up to 95% of its value to buy out your former partner’s equity share, helping create a fair settlement and potentially pay off joint debt. This is treated as a purchase transaction, requiring a separation agreement or court order along with standard qualification.
If you’ve been told you don’t qualify with a traditional lender or you have non-standard income, there are still solutions available. Flexible lending options can help clients with self-employed income, higher debt levels, or credit challenges by using more alternative qualification methods.
