Mortgage Information

If you're like most buyers, a home is the most expensive purchase you'll ever make, and you'll probably need some form of financing.

There are many lending institutions that offer a variety of mortgage products. Financing options and rates can vary widely, so it is important to do your research and shop around to ensure you get the mortgage that best meets your needs at the best price.

We would be happy to refer you to some very good mortgage contacts we have in the GTA, or to help you in any other way we can to secure the best possible rate for your home purchase.

Use the mortgage calculators provided in the link in the top right hand corner  to assist you in making some decisions around financing your new home.

 The calculator will help you determine how much money you qualify to borrow. The results are informal. You will be subject to a credit approval from your financial institution taking into consideration existing debt load, amount of down payment, income and other variables.

 The calculators will help you determine what your mortgage payments will be based on purchase price, interest rate and mortgage term, as well as other factors. The amortization table shows what the interest and principal payments will be over the term of the mortgage.


Allows borrowers to repay the total amount of their mortgage at any time without penalty. Ideal for those who plan to sell their homes in the near future.

Usually has the lowest interest rate available. A good choice for those that want security in knowing their monthly payments are fixed for a certain term. Lacks the option of repaying the entire amount of the mortgage upon request.

A short term mortgage usually six or twelve months, allowing the borrower to switch into a longer term at any time without penalty.

A mortgage where payments can be fixed from one to five years, but the interest rate could change from month to month depending on market conditions. Payments and balance outstanding are adjusted accordingly.

This mortgage is given the first priority at the registry office. It can be conventional or high ratio mortgage. First mortgage can give borrowers the best rate of interest.

A higher interest rate loan that provides borrowers with additional financing if the first mortgage does not meet their total financial requirements.

Call today for further information with no obligation.