Mississauga Mortgage Broker

Tips for Renewing Your Mortgage

Renewing your mortgage is an important process that every Canadian homeowner will face at some point in their lives. When your mortgage term comes to an end, you have the opportunity to renew it and potentially secure a better interest rate or different terms that better suit your current financial situation. However, the process of [...]

By |2023-03-21T16:47:38+00:00March 21st, 2023|Mississauga Mortgage Brokers|Comments Off on Tips for Renewing Your Mortgage

Help for Self-Employed Borrowers

For those who are self-employed and show low personal income to save on income tax by keeping money in your corporations, it is tough to qualify for a mortgage isn’t it? Luckily, Lotus Loans & Mortgages Corp. has access to A Lenders that will take your corporation’s income into consideration which will allow you to [...]

By |2023-03-22T14:54:05+00:00February 3rd, 2023|Mortgages|Comments Off on Help for Self-Employed Borrowers

OFSI Leave MRQ Same at 5.25%

Looking for a Mississauga mortgage? We've got you covered with everything you need to know about the market and the latest rate trends. This past week Canada’s banking regulator called OFSI confirmed that it would leave the qualifying rate for the mortgage stress test unchanged. That means the qualifying rate remains at the higher of [...]

By |2023-03-21T16:57:41+00:00December 16th, 2022|Mississauga Mortgage, Mississauga Mortgage Brokers, Mortgage Rates|Comments Off on OFSI Leave MRQ Same at 5.25%

Reasons for Private Mortgages on New Construction Homes

There has been an uptick in the need for private mortgage financing lately especially for new construction homes. When a new construction property is completed, the new homeowners are often required to close on the property with minimal final notice. Our office has seen deals where buyers are only receiving 2 weeks notice to arrange [...]

By |2022-12-23T14:53:41+00:00November 28th, 2022|Mississauga Mortgage Brokers, Mortgages, Private Mortgages|Comments Off on Reasons for Private Mortgages on New Construction Homes

Closing Costs You Can Expect

A lot of planning goes into buying a home, especially when it comes down to putting funds aside for things like your down payment and closing costs. Quite often, homebuyers can be caught by surprise when it comes to closing costs, so it's important that you ask your lender or broker what costs you will [...]

By |2022-01-08T00:38:57+00:00January 8th, 2022|Mortgages|Comments Off on Closing Costs You Can Expect

New Construction Mortgage

Many homebuyers look into purchasing a new build home when they are considering home buying options. This type of home purchase requires a specific type of mortgage known as a construction or new build mortgage. There are 2 types of construction mortgage options that you can choose from, each with its own benefits that we [...]

By |2020-11-23T18:56:03+00:00April 15th, 2020|Mortgages|Comments Off on New Construction Mortgage

Characteristics of a Great Mortgage Broker

As a Mississauga mortgage broker, I pride myself on my ability to find the best mortgage options for my clients. After all, my job is to look out for the best interests. It's one of the main characteristics you should look for when shopping around for a mortgage broker, and not all are the same. [...]

By |2020-11-23T18:56:03+00:00December 11th, 2019|Mortgages|Comments Off on Characteristics of a Great Mortgage Broker

Mortgage FAQ (Frequently Asked Mortgage Questions and Their Answers)

Working as a mortgage broker in Mississauga, Canada, I get asked a lot of questions about mortgages. Taking out a mortgage is probably the largest investment that you can make in your life. It can also be a confusing process for some, especially if you are a first time home buyer. Today I'm sharing the [...]

By |2020-11-23T18:56:03+00:00September 13th, 2019|Mortgages|Comments Off on Mortgage FAQ (Frequently Asked Mortgage Questions and Their Answers)
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