Either buying your first home or second home, it's always a very exciting time.  Going to open houses and showrooms, waiting to hear if your offer is accepted, getting your financing and moving in!  But it is also one of the biggest purchases of your life - you may be nervous and have a lot of questions about the home buying process.

We have years of experience in helping people buy their first home.  We have pulled together information that can help you with the big questions such as how much can I afford, how do I get approved for a mortgage, what is my lawyer responsible for?  

What Lenders Look For:

Read this article of interest from the Desks of Mortgage Intelligence Inc.

No Money Down Program
You may have owned a home before and are presently renting or maybe you are a first-time home buyer and need a way to break into the housing market, but feel discouraged because you’ve been told that need thousands of dollars for a down payment and perfect credit to qualify. Think again!

We specialize in helping people like you and families like yours reach their dreams of owning a home by overcoming the savings barrier.

We have a network of lenders with literally hundreds of loan programs available to accommodate your situation. Today, there are plenty of opportunities to own a home with absolutely No Down Payment.  Depending upon your qualification, you may also qualify for 3% CASH BACK. Some of these mortgage programs allow for less than perfect credit, while others require higher credit standards. We’ve helped many people just like you purchase the homes of their dreams, even when they thought they couldn’t.

Self Employment Program
For many entrepreneurial Canadians, keeping taxable income low is just smart business. But when it comes to getting a mortgage, that income statement can be a liability. We believe that you shouldn't be penalized for smart income management.  We give you credit for excellent credit: no income declaration, no Notice of Assessment, no confirmation of business ownership. And we don’t rely on the traditional debt servicing ratios. We simply verify your place of employment and assess your loan amount based on your field of work and capacity to make payments.

You deserve an easier mortgage approval process that accommodates your income situation.  Call or Apply today!

We can arrange a mortgage up to 90% of the value of the home to clients that are currently in Consumer Proposal. This will allow those individuals who are currently paying a Consumer Proposal and that own their own home the ability to purchase or refinance their home and place a new first mortgage with a lender. As a refinance, this program will allow applicants the ability to payout the existing mortgage(s) on that home as well as any balance that is owed to the trustee to complete their obligation under the terms of the Consumer Proposal. This assumes that these individuals have sufficient equity in their home to pay off any existing mortgages and the balance remaining on the Consumer Proposal. As a purchase, it is not a requirement that the consumer proposal be paid in full.

- For Purchases:
1. Lender will lend to qualifying applicants to 90% which they are unable to obtain from other lenders.
2. The remaining balance owed under the terms of the proposal does not have to be paid out to secure mortgage financing (the TDSR calculation must include the monthly obligation to the trustee).

- For Refinances:
1. It provides qualifying individuals the ability to complete the Consumer Proposal sooner than the terms specified;
2. Typically the new mortgage payment will be less that the total payments currently being paid to their existing mortgage holder(s) and the trustee, thus providing individuals with additional monthly resources, and;
3. Puts clients in a position where they can re-establish their credit sooner than if they were to continue under the terms of the Consumer Proposal.

Bankruptcy Discharge Program
If you have been turn down for a mortgage either for a purchase or refinance for an existing property.  Don’t’ worry no more.  We have mortgage products that are geared to assist clients in obtaining mortgage financing after they have been discharged from bankruptcy or have completed their consumer proposal. 

- Product Highlights:
• 1 day discharged from Bankruptcy or completed consumer proposal
• No re-estatblised credit required
• For purchase or Re-Financing of existing property
• No high ratio insurance or lender premiums.

Effective Credit Strategies

Do you need some insight into debt management and ways to tweak your credit worthiness? This is key in obtaining the best or "prime" rates from the Banks. Often, if you already own a property, this is key to improving your cash flow and credit.

Managing Your Debt

Give Yourself Some Credit
 
Using Your Mortgage To Lower Your Debt