The most important factor to look for when you are thinking of purchasing a new home is experience. We have almost 20 years of experience to get the job done and get you the absolute lowest rate possible and save you money! Getting the mortgage is step 1, from there we will customize it so it meets YOUR needs providing the utmost flexibility, and provides the best quality of life while paying it down faster. After all, the best mortgage is NO mortgage!

We have designed 2 basic charts so you can get an idea of where you would stand:

 

Salaried Mortgage Qualification Chart

Self Employed Mortgage Qualification Chart

If you are not sure where to start - simply fill out the online application and we will take it from there. We will call you and review your needs and then move forward in the direction that accomplishes everything that you are looking for!

The most common mortgages for a purchase are as follows:

• High Ratio Mortgage Programs (less than 20% down)

• Conventional Mortgage (20% down or more)

• First Time Buyer

• Self Employed Mortgage

• Equity Mortgage

We have also established associations in the Real Estate market to assist you with your purchase, so when ready - simply apply online with our secure application. We will usually get back to you in under 1 hour! (Application is on our secure site)

High Ratio Purchase Programs

When you purchase with 0 - 19% down, it will be done in one of four ways:

1. Standard 5 - 19% downpayment

2. Zero Down - Don't have a down payment but excellent credit - Ask us how you can own a home now!

3. Flex Down Payment - Have access to borrowed funds to take advantage of the lower rates - here's how!

4. Gifted Down Payment - Don't have the required down but family does.. you are a gift letter away!

Conventional Purchase

When you purchase a home with a down payment of 20% or more of the purchase price, your mortgage in underwritten conventionally and not insured by CMHC, Genworth or AIG. An appraisal is usually required when not insured.

First Time Buyer

A first time buyer will qualify for a mortgage in the normal manner with one added benefit. If you are a first time buyer you are able to withdraw from your existing RSP's to a maximum of $20,000.00 for your down payment. For more information, please view our First Time Buyer Page

Self Employed Purchase (also see chart above)

► First Choice        10% down with very good credit minimum & 2 years+ self employed.

 

► Second Choice    10% down payment for purchase

                                    We have 2 choices - Insured product and Non-Insured depending on area. Good credit minimum,

                                    no personal taxes outstanding for Insured product.

 

► Third Choice       10 - 20% Down Purchase - Self declared letter, must have average - good credit. Doesn't matter how

                                    long you've been self  employed! Same Industry required though

 

► Fourth Choice     15 - 35% Down Purchase self declared income letter.

                                    Credit if flexible - Good or bad!

 

► Fifth Choice         Up to 85% Private Mortgage - based on equity in the home and flexible credit history.  Income also

                                    flexible.

Equity Purchase

Similar to above, purchase is based on 0 - 85% of the property. Income and credit history are flexible or may not even be necessary depending on which route we take.