A Broker has access to all Major Banks and as well as many non conventional (private) lenders. The broker knows…

You will need a minimum of 20% down.

Though this varies depending on your location and specific circumstances, most First Mortgage lenders require you to show 1.5% of…

Minimum down payment required is 5% of the purchase price.

Yes but you will likely need a larger down payment and may get a rate that’s higher than our lowest…

A second mortgage is a loan secured by your home which goes behind your 1st mortgage.

2nd mortgage rates will range between 10% and 15%

No, 2nd mortgages are available to 85% of the value of your home, 90% on exception.

They will not take your house for being one month behind, but as with your 1st mortgage you cannot fall…

In most cases, for a 2nd mortgage you will provide the lender with 12 post dated cheques. For a first…

For a 2nd mortgage you will be responsible for the brokerage fee, legal fee, lender fee and an appraisal fee.

Yes, for 1st. mortgages you can. For 2nd mortgages the lender will have their own lawyer which you must use.…

Everyone on the title to a property will have to be on the mortgage.

Most often yes, but some of the 2nd mortgage lenders will allow you to pay principal and interest. Most of…

All refinances will require an appraisal at the clients’ expense. A home purchase may not require an appraisal depending on…

The lender will choose the appraiser.

For a refinance: You can either bring the closing fees to the lawyer in cash or have them deducted from…

You can use the money for anything you’d like.

A Guaranteed Return Policy (GRP) is a specifically designed Participating Whole Life Insurance Policy. The plan provides 3 major benefits:…

Participating whole life insurance allows the policy owner to “participate” in the insurance company's profits. They provide guaranteed cash values…