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The Mortgage Centre is Centered on You!

As one of Canada’s most established mortgage brokerage networks, we’re dedicated to providing you with all the information you need to make a well informed decision on your mortgage financing needs.

Our mortgage specialists update their knowledge of the current market trends, rates, and regulations regularly, allowing them to provide you with sound guidance.

Your time is a precious commodity, and we’re experts in taking care of the financing details on your behalf – with your best interest in mind. We shop your mortgage options to a number of leading Canadian financial institutions, many of which Canadians have trusted for generations, and find the mortgage that’s best for you. Plus, we have access to broker-only mortgage lenders, which could offer mortgage rates and features that you may not otherwise have access to.

What’s more, we’ll take your needs and goals into consideration when shopping for your mortgage. We understand that mortgages aren’t a one size fits all proposition. Using our exclusive Mortgage Market technology, we’re able to factor in a number of lifestyle and financial variables to search for the mortgage that’s exactly right for you.

Q Can we make changes to the mortgage application, such as length of term, repayment frequency, etc., once the application has been submitted

Yes. Your ideal mortgage formula has probably already been created, but if you want to consider a change let's review the possible benefits and implications.

Q How much of a downpayment will I need?

The downpayment usually represents between 5-20% of the total price of the property.

What is the difference between High Ratio Mortgage Insurance and Mortgage Life Insurance? High Ratio Mortgage Insurance protects the lender against payment default by the home buyer. It is required by most lenders if the home buyer has less than 20% downpayment. An insurance premium will apply. Mortgage Life Insurance protects your dependents and loved ones in the event of your death.

When the mortgage lender pays the Property Taxes, how are payments calculated? The estimated amount of your Property Taxes can be added to the mortgage payment and paid on your behalf at the appropriate times. Depending on the balance in your tax account, it may be necessary to increase or decrease the amount of monthly payments to reflect the timing of Property Tax payments.

Q I am looking at buying a new construction home. What type of products do you offer?

Various Mortgage products may be available with rate caps from 4 months up to 12 months.

Q Is GST paid on a resale home?

There is no GST unless the house has been renovated substantially, and then the tax is applied as if it were a new house.*

Q What is an IAD or Interest Adjustment Date?

If your transaction is due to close in the middle of the month, but your regular mortgage payments are set for the start of the month, your first mortgage payment could be delayed for several weeks. To cover this, a date is set as the IAD and an amount is collected on closing to cover this Interest Adjustment Date period.

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