By using a mortgage broker, you will access to over 50 lenders giving you the most options in mortgage products and rates. A mortgage broker does the shopping for you saving you time and money. Your bank can only offer you the products and rates of that institution.

Getting approved for a mortgage when you are self employed can be a little more difficult. Working with a mortgage broker who has the expertise and knowledge to be able to navigate the extra paperwork and work with your taxable income can be the difference in an approval or a decline. 

The amount of downpayment required can range based on the purpose of the purchase. If you are buying a second home as a recreational property or as a place for a child to live while in college, you can purchase with as little as 5% down. If you are buying a property with the intention of renting it out, there is a minimum 20% downpayment required. 

A draw mortgage, also known as a construction draw mortgage is a mortgage product that funds your mortgage at certain stages of the building process. Some builders or contractors will request a draw mortgage to finance your custom home build as it gives them access to funds during the build process instead of at the end of the build. This is common with a custom home build. 

Ideally a person will reach out to me 3-6 months before their mortgage is up for renewal. I will ask key questions to assess your personal and financial goals. From here I will help align your goals with the type of mortgage and term. I will seek out your best options and negotiate a rate on your behalf.