We Are Mortgages
Homeowners' Choice For Mortgage Solutions
Apply today with Canada's #1 Mortgage Lending Team
Brokerage Made By Bankers
Today's lending environment has made it more challenging than ever for self-employed, commissioned based, and regularly employed borrowers to qualify for a mortgage financing under traditional "A" guidelines.
As a result, there is a growing demand for alternative lending solutions. Our brokerage is a team of ex bankers who work for YOU not the banks. We are in your best interest throughout the process.
ONE application allows access to over 62 top Canadian
mortgage lenders ready to fund home owners looking for
solution based financing.
This allows us to access MAXIMUM
EQUITY and competitive rates for any situation for smooth
stress free approvals fast.
WHY WORK WITH US ?
QUALITY SERVICE
We provide quality and unbiased guidance in your mortgage decision in order to find the
RIGHT mortgage that suits you.
BEST RATES
Negotiating for our clients gives us access to some of the best rates - whether you are purchasing, refinancing or renewing.
SAVES YOU TIME
One application allows us shop the market to save you time - Calling A Mortgage Agent is like calling over 60 different Banks and Credit Unions.
AVAILABILITY
We are available on your terms - day, evening and weekends to get you funding fast in as little as 72 hours.
CREDIT & INCOME
Homeowners with low income & Bad credit are welcomed by several of our lenders.
Book Your FREE 30 Min Mortgage Meeting
OUR SERVICES
Purchases & Pre-Approvals
Looking to purchase a new
property? Need a quick reliable
closing ? No matter what your
situation is, we can help simplify the buying process. Access to A, B, &
Private lenders leaves us with
strong solutions for any situation & lifestyle.
Refinaces
We help homeowners review all options before you renew your mortgage to ensure you have the right mortgage, term, amortization and of course the best possible interest rate. Before you renew with your current bank it is important to check to make sure they are still the best option for you.
Private Mortgages
Fast, affordable private 1st, 2nd & 3rd private mortgages. We have access to Canada’s best resource for private mortgage funds. All Income & Credit Types Welcomed.
Homeowners with bad & bruised credit or low & no income where they would not be an option for the bank can explore an equity based lending solution such as a private mortgage.
Our lenders can lend up to 80 % of your home equity.
Worried about affording the monthly payment? Don't be! Private mortgages are flexible enough for Special No Monthly Payment Options.
Rates currently start at 9.99%
Self Employed Mortgages
We have access to lenders that understand business owners. Instead of using your claimed income on your taxes, they use a common sense approach by reviewing 6-12 months bank statements to average out your real income.
Flip & Construction
We have a few lenders that love lending short term funds to start and finish construction projects. The process is simple. We even have a lender that will allow a low downpayment so you can use your funds on your renovation project instead of putting it all towards your downpayment.
Mortgage Calculator
Easily find out how much you can
afford and what your payments will
look like
Mortgage Solutions For The GTA
Renée Ross
Renée Ross brings over 13 years of experience in the financial industry with 6 years as a mortgage agent and now licensed under Ontario Lending Solutions.
“Each Individual Has A Unique Situation & Lifestyle which is why I make it my business to find the Right Mortgage for YOU!”
- Renée Ross
Mortgage Agent Level 2
What is a pre-approved mortgage?
A pre-approved mortgage provides an interest rate guarantee from a lender for a specified period of time (usually up to 120 days) and for a set amount of money. The pre-approval is calculated based on information provided by you and is generally subject to certain conditions being met before the mortgage is finalized. Conditions would usually be things like 'written employment and income confirmation' and 'down payment from your own resources', for example. Most successful real estate professionals will want to ensure you have a pre-approved mortgage in place before they take you out looking for a home. This is to ensure that they are showing you property within your affordable price range. In summary, a pre-approved mortgage is one of the first steps a home buyer should take before beginning the buying process.
Can I get a home with just 5% down payment?
First Time Buyers they can put down as little as 5% for the first 500k of the property. Any amount over 500k to 999,999 a down payment of 10% is needed and over $1,000,000 up 20% . Example if a property is 650k they can put down 5% of the first 500k which is $25,000. Then 10% of the remaining 150k which is $15,000 a total of $40,000 ($25,000 + $15,000)
All other types of buyers must put down at least 20% downpayment.
How To Calculate How Much Equity I Have? How Much Can I Borrow?
If you want to calculate approximately how much equity you have in your property simply use this calculation : Property Value - All debts = Equity
Lenders may agree to fund based on a percentage of your equity. Most lenders will lend up to 80% of your equity by using Loan To Value or LTV.
To calculate Loan To Value : Loan/ property Value=LTV%
Example:
Total debts of 450k (mortgage, credit cards, car loan)
Property value 800k
Loan/Value= 450/800=.5625 =56% LTV
Based on lenders funding up to 80% LTV
(80%-56%=24%) there is still 24% of equity that can be accessed in this example.
24% of 800k is $192k
This means that you may request up to 192k including fees.
Short or long term mortgage?
A longer-term mortgage is worth considering if you don't plan on breaking it by moving or refinancing.
Short term loans are great for those who need temporary financing. The shorter the term the higher the rate. They also may be faster to fund.
What's a fixed rate mortgage?
The interest rate on a fixed-rate mortgage is set for a pre-determined term - usually between 6 months to 25 years. This offers the security of knowing what you will be paying for the term selected.
What's a variable rate mortgage?
A mortgage in which payments are fixed for a period of one to two years although interest rates may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest. Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.
Ontario Lending Solutions
Welcome to a unique mortgage brokerage created by former bankers. We work closely with clients, provide excellent services and advice on mortgages and other forms of alternative financing.
*Approvals are on a case by case bases and subject to change at anytime *
*rates are subject to change*
*fees may apply*
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