Mortgages Financed through Morcan Financial Inc Fsco Lic: #10687

A mortgage broker can make negotiating complicated mortgage instruments a snap. Whether you are seeking a new mortgage or renegotiating terms on your existing mortgage, we offer impartial, objective advice on the mortgage product you’re considering, and we can translate complicated lending terms into costs and risks that you understand.

We regularly deal with unique situations, including tough mortgages, specialty loans, refinancing, second mortgages, private mortgages, home equity loans, home renovation and repair, and secured debt consolidation.

Our mortgage brokers are on your side to protect you from banks and lenders, most of which make it a standard business practice to offer naïve homebuyers poor lending terms. When our mortgage brokers negotiate for you, we know what area lenders’ normal rates are, and we know when you’re getting a raw deal.

Stop wishing for a resolution to your mortgage-related problems and start acting by calling us today. Our experienced mortgage brokers can set you up with a variety of mortgage-related solutions without even breaking a sweat. Call one of our Canadian mortgage brokers today and let our specialists go to work for you.

We specialize in the following areas

• First/Second Mortgages
• Private Mortgages
  
• Commercial / Resdential Mortgages
  Debt Consolidation
• Refinance
• Purchases
• Line of Credit
• Renewals

Purchase and Renewal

• For a first-time homebuyer or an experienced investor getting professional mortgage advice is a great place to start. We specialize in the kind of education that can help get our clients off to a great start! We will help get you the right combination of mortgage features, privileges and rate that is best matched to your needs. The right mortgage goes beyond just the rate. It’s important to also consider term, prepayment options, refinancing penalties, restrictions, and fees. Be sure to talk to us about getting pre-approved, so you’ll get your interest rate guaranteed for a set period, typically 90 to 120 days. At renewal, we work for you and are in touch with a wide variety of lenders so we can always make sure you are in the best position possible. When you are six months from renewal, be sure to contact us so we can review all of your options and strategies, not just those presented by your current lender.
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Refinance and Debt Consolidation

• If you’re carrying high-interest credit card debt that has caused your cash flow to slow to a trickle, you owe it to your financial future to have a conversation about how you can roll that debt into your mortgage so you can save – sometimes thousands in interest – and start building wealth. Or if you have already built equity in your property, you can take advantage of it. We help you get access to the money you have in your property so you can use them towards a purchase of a new property, complete home renovations or simply go on vacation.

New to Canada

• Being new to Canada, we can streamline the mortgage process for you, from counseling on credit, to obtaining credit references from foreign banks, to confirming foreign income. We’ll advise you on the documents you will need to apply for the mortgage, and then present your financial history to the lender (s) that can best meet your needs.

• Self Employed

• We work with self-employed Canadians every day and understand the issues that keep them up at night. The dream for a home ownership should not be one of them! The more complex the mortgage situation, the more important it is to seek the expertise of an  experienced mortgage professional who can customize a mortgage to meet your short-term needs and your long-term financial plan. Your home is a very important asset; we will help you make the most of it!

• Rental Property and Construction Financing

• Across the country, Canadians are building personal wealth with investment property. For capital growth and rental yields. Rental income typically pays for most or all expenses and property appreciation has often outperformed stocks and bonds over the long term. There are many reasons to consider investing in property 
   A) Property has historically been less volatile than equities. Volatility is very dangerous when you have a leveraged position (borrowed money) as part of your strategy. Imagine using $100,000 of your own money and borrowing $300,000 to buy an asset worth $400,000 and within a very short period of time, its value drops by 40% and you have now have a value base of $240,000, but you have borrowed $300,000. Historically, investment grade properties simply don’t do this, but history has shown several occasions where shares have.
  
  B) This next point is that investment asset is so important to government revenue. All levels of government have a vested interest in the value of property going up. Federal governments receive capital gains revenues, state (Provincial) governments receive stamp duty revenues and local(Municipal) government receive rates revenues. And these revenues are significant amounts of money to all levels of government, money each level of government cannot do without, so in my view investing in property is almost a ‘government backed investment.’
  
  C) Control and influence – property’s tangible asset value can be influenced through improvements and good management. Plus, you can’t usually buy small amounts of shares within property, so full ownership gives you greater control over the asset to maximise its returns. Shares don’t give you this control and influence unless you are a billionaire!
  
  So if you are thinking about building wealth with an investment property, come talk to us. We can help you determine your down-payment options and run the financial calculations that you’ll want to see for cash flow and capital appreciation. Many homebuyers looking to buy older properties find themselves in a common predicament: they’ve found a property that suits them, but it needs some costly and immediate upgrades. Increasingly, buyers are adding the costs of those immediate renovations into their mortgage, instead of racking up credit card bills or selling investments to pay for the upgrades.