PURCHASES

We offer flexible financing options tailored to suit various property purchases, whether it's your principal residence, second home, vacation getaway, or a cherished family abode. With a mere 5% down payment, our high-ratio mortgage facilitates your homeownership dreams. Conversely, if you're eyeing an investment property, a 20% down payment secures a conventional mortgage.

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Feeling bewildered by the multitude of mortgage choices? Allow me to simplify things for you:

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Conventional Mortgage:

This mortgage caps at 80% of the property's purchase price or appraised value, requiring a minimum 20% down payment. By opting for this route, you sidestep the need for mortgage insurance premiums. Plus, enjoy the flexibility of a 30-year amortization period.

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High-Ratio Mortgage:

For those with a down payment below 20%, our high-ratio mortgage comes to the rescue. Your loan is insured, with premium rates varying according to your down payment percentage (5%, 10%, 15%). The insurance premium is seamlessly integrated into your mortgage, and the maximum amortization period spans 25 years.

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Home Equity Line of Credit (HELOC):

Unlock the potential of your home's equity with a HELOC—a revolving line of credit boasting lower interest rates compared to traditional lines of credit. Capped at 65% of your home's value, a HELOC, when combined with a mortgage, extends lending up to 80% of the property's value. Benefit from predominantly variable interest rates and interest-only payments, ensuring cost-effectiveness. However, do note that HELOCs are not available for high-ratio mortgages.

Navigating the mortgage maze has never been easier. Let's chart your path to financial empowerment together.