Services

---

A pre-approval determines the home price you can afford which allows you to budget for your home purchase and focuses your home search. With a pre-approval you’ll also be able to lock in a mortgage rate in case rates increase during your home search. 

A “purchase mortgage” is a home loan used to purchase a piece of property, whether it be a principal residence, a second home, or an investment property. If you're looking to buy a home, you'll need a purchase mortgage. 

A refinance is the process of replacing an existing mortgage with a new loan. Refinance in order to reduce your monthly payments, lower your interest rate, pay off debts, or make improvements on your home. 

As a first-time home buyer there are many things to be aware of, such as; Mortgage Default Insurance (CMHC), RRSP Home Buyer's Plan, Land Transfer Tax Rebate, Tax Credit and many more. 

 Self-employed mortgages are specifically designed to help self-employed Canadians buy a home. If you can save up a proper down payment, provide a high enough stated income or secure insurance through the CHMC mortgage program, you’ll be well on your way. 

A second mortgage allows you to use the equity you have in your home as security against another loan. This is an ideal option for many that require funds, typically based more on equity than income and credit. 

A private mortgage is a short-term, interest-only loan that is often taken out by someone who doesn’t qualify for prime or bad credit lending. Fast funds for those that can afford to make the interest-only payments. 

Consolidating debt into a mortgage means breaking your current mortgage and rolling high-interest credit cards, car loans, and other non-mortgage debt into a new mortgage at a new lower interest rate, overall. 

Genworth's New to Canada program helps new Canadians purchase their first home sooner, making it easier for these families to become economically established in Canada. 

 A ``commercial mortgage`` is usually a long-term loan (often up to 25 years) that provides the cash to purchase business premises. Most commercial mortgages only offer up to 70% of the total value of the property. 

A ``construction mortgage`` is given on a progress advance basis. The full amount that you need to borrow, in order to complete your construction, is given in draws as you complete various levels of completion.