Purchasing a home can be exhilarating and daunting at the same time. So many things to consider with finding the perfect home or condo that meets all of your needs and mortgage financing is one of the biggest considerations.
Before you set off on your search, a pre-approval is always a good idea as it can provide you with a framework of what you can qualify for but also what would be most affordable for you. We can have your application reviewed and have an answer for you within 24 hours. With a pre-approval, you will have a guaranteed rate for up to 120 days which gives you plenty of time to find that perfect home. A pre-approval also protects you in the case of a rising rate environment during that 120 day time frame. Alternatively, if rates go down by the time you have an accepted offer then we rescan the market for the best mortgage and rate for you at the time. Either way, you are covered and you can proceed with shopping – with confidence. Of course, we are available should you find a home that you want to put an offer on and need us to “crunch” the numbers prior to the offer stage. We are here to guide you through the process and provide you with the crucial support you need.
There are many scenarios for purchasing such as:
Owner occupied residence:
- First time homebuyer
- Upgrading to a larger property
- Downsizing to a smaller property
- Owner occupied/rental properties
- Owner occupied second home
- New construction
Purchasing a non-owner occupied property as a rental for investment purposes also has it’s allure and also it’s requirements from a mortgage qualifying standpoint. For more info please refer to
In Canada, for owner occupied properties we still have mortgages that are 100% with a 0% downpayment but they are not as common as days gone due to the fact that the amount of lenders that provide this is minimal. However, with as less as 5% for a downpayment, we have access to well over 50 lenders to find you the perfect mortgage for you. Amortizations of up to 35 years are also still available for those with a larger downpayment.
Whatever your situation is, with the Purchasing Super Plan™ we have a personalized solution for you and professional advice to make your goal a reality. Contact your Mortgage Superhero® today!
Mortgage Superhero® 416-400-8107