Mortgage & Financing
We strive to convert the mortgage transactions into relationships and make every client a repeat client by providing outstanding service and by being there with you from start to finish. We genuinely want to see you achieve your real estate investment goals and gain the financial freedom you desire!
How Intellivesting can help?
Our Best Care & Services
We ensure the best care and service to our clients. We’re here to serve your mortgage needs and make a difference in your mortgage transaction.
Our goal is to help Canadians to buy homes, refinance and renew at the best mortgage rates ,pay off their mortgage sooner, get finance for their real estate investments and build wealth.
Your Best Interest in Mind
We recommend what is in the best interest of our clients. We have no commitment to any one lender or product; we rely on our client’s referrals and their repeat business, so we have a personal stake in exceeding our client’s best expectations.
Our Solutions Meet Your Needs
Our mortgage professional team has extensive experience working with banks and other lenders. With our deep understanding of the benefits of the various mortgage options, we choose the right mortgage for you. We’ll simplify the whole mortgage transaction which can be an overwhelming experience .
We Bring You the Best Rates
We get the lowest mortgage rates using our strong relationship with Canada’s leading Mortgage Companies and Banks. We use our relationships with these companies to have them compete for your business to ensure you get the best possible mortgage rates and features.
You Don’t Pay
We are paid by the lender we place the mortgage with.
We Offer Personal Advice
We will show you strategies that are so simple but rarely discussed by banks to help you pay off your mortgage sooner. We’ll shop your mortgage at every renewal to ensure you get the best rate and product. Building long term relationships with our clients is the cornerstone of our business and what sets us apart.
You Are Our Top Priority!
We are honest with our clients and ourselves. We strive to deliver an outstanding experience to everyone we serve and that serves us. We help our clients achieve higher levels of success by showing them ways to make better decisions with their money.
Mortgage Services
Mortgage Pre-Approval
Find out how much you could afford before you start house hunting. You would know the size of the mortgage you qualify and the guaranteed rate for a specific period.
Mortgage For Purchase
You are ready to buy a home or property. With accesss to Canada's top lenders, we will help you find the best rates and mortgage options.
Debt Consolidation
Refinance your property to pay off high interest credit card debt and loans. A Single monthly payment rather than multiple payments
Self Employed
Low Rates and excellent options for self-employed individuals looking to get mortgage financing. You are not required to prove your invome - reasonable estimate is acceptabe
Mortgage Renewal
If your mortgage renewal is fast approaching, then, now is a great time to look at the many excellent options and competitive rates available. the best rates at renewal.
First Time Home Buyer
Buying your first home is an exciting time. Home buying in Canada can be a complex process. We will help you simplify the process so you can focus on finding the right property.
FAQ's
A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.
To determine ‘affordability’ you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage payment, property taxes and heating costs. If applicable, half of the estimated monthly condominium maintenance fees will also be included in this calculation. Second, calculate 40% of your taxable income and deduct all of your monthly debt payments, including car loans, credit cards, lines of credit payments. The lesser of the first or second calculation will be used to help determine how much of your income may be used towards housing related payments, including your mortgage payment. These calculations are based on lenders’ usual guidelines. In addition to considering what the ratios say you can afford, make sure you calculate how much you think you can afford. If the payment amount you are comfortable with is less than 32% of your income you may want to settle for the lower amount rather than stretch yourself financially. Make sure you don’t leave yourself house poor. Structure your payments so that you can still afford simple luxuries.
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Very few home buyers have the cash available to buy a home outright. Most of us will turn to a financial institution for a mortgage the first step in a potentially long-standing relationship. But even with a mortgage, you will need to raise the money for a down payment. The down payment is that portion of the purchase price you furnish yourself. The amount of the down payment (which represents your financial stake, or the equity in your new home) should be determined well before you start house hunting. The larger the down payment, the less your home costs in the long run. With a smaller mortgage, interest costs will be lower and over time this will add up to significant savings.
A minimum down payment of 5% is required to purchase a home, subject to certain maximum price restrictions. In addition to the down payment, you must also be able to show that you can cover the applicable closing costs (i.e. legal fees and disbursements, appraisal fees and a survey certificate, where applicable). Regardless of the amount of your down payment, at least 5% of it must be from your own cash resources or a gift from a family member. It cannot be borrowed. Lenders will generally accept a gift from a family member as an acceptable down payment provided a letter stating it is a true gift, not a loan, is signed by the donor. Where the mortgage loan insurance is provided by Canada Mortgage and Housing Corporation (CMHC), the gift money must be in the your possession before the application is sent in to CMHC for approval. Mortgages with less than 20% down must have mortgage loan insurance provided by either CMHC or GE.
Most lenders will accept down payment funds that are a gift from family as an acceptable down payment. A gift letter signed by the donor is usually required to confirm that the funds are a true gift and not a loan. where the mortgage requires mortgage loan insurance, Canada mortgage and housing corporation requires the gift money to be in the purchaser’s possession before the application is sent in to them for approval. where mortgage loan insurance is provided by GE Capital this is not a requirement. See ‘what is mortgage loan insurance?’ for further information
The answer to this is NO. This question is a common misconception that homebuyers have. What homebuyers often do not realize is that there are many other lending institutions that compete with banks. In order to remain competitive, they often lower their rates to an extent which banks are not allowed. However, the only way to get access to these other lenders is through a mortgage broker.
These smaller lenders often do not have big overheads as the large banks have. They do not have to pay as many employees, landlords, bills, etc. These small lenders are specialized in only one thing – mortgage lending. All this extra saving is reflected in their rates, as they can afford to bring them down.