Milton is quickly becoming one of the most popular residential areas in Ontario due to its proximity to the Greater Toronto Area, it’s family friendly atmosphere, and affordability compared to Toronto.
We have several residential mortgage programs available in MIlton and make the process of acquiring a mortgage quick and easy. Our team of professional mortgage brokers will be able to offer you the best rates and terms on the market as they customize your mortgage package just for you.
Whether you’re buying a home in Milton, renewing a mortgage, refinancing, or accessing home equity, our team of experts will be able to help build you a custom loan package. We will be able to personally assist you every step of the way and look forward to answering any questions you may have about the mortgage process.
Custom Mortgage Programs Available in Milton
We also have custom mortgage programs available such as the Canadian RRSP Homebuyer Plan, First Time Homebuyer programs as well as programs available for obtaining a mortgage if you’re self-employed, new to Canada, or retired. No matter what your mortgage-related question is, we’ll be able to provide you with the most honest and helpful answer for your situation.
Mortgages For The Self-Employed
There are more self-employed people in the Milton area than ever before due to the new employment climate of independent contractors, freelancers and small business owners etc. Many residents work for themselves in a full or part-time capacity, especially when it comes to computer and internet-based jobs which can be done at home.
Being self employed and acquiring a mortgage means you’ll need to be able to prove you can handle the mortgage payments as well as your regular bills. Your income can typically be proven via income tax returns, notice of assessments, and other financial records and statements which relate to your business. Many lenders offer mortgages for self-employed clients via stated income, but typically they will only do so up to 65% loan to value. In addition, your personal and business credit score can also go a long way in helping you secure a mortgage as well as any future employment contracts.
Mortgages With Bad Credit
Sometimes even the most financially-conscious and responsible people may find themselves with a bad credit rating due to unforeseen circumstances. If you find yourself in this situation, our mortgage professionals may be able to assist you with a mortgage even if you have bad credit.
If one spouse has a bad credit rating we’ll be able to discuss your options. For instance, it may be a good idea for the spouse with good credit to apply for the mortgage on their own. Both spouses names can be listed on the home’s title, but the one with good credit will be named on the mortgage. There may be different scenarios regarding a spouse with bad credit and a professional mortgage broker will be able to find the best solution when it comes to lower interest rates and the amount of money you’d like to borrow. Homebuyers in Milton may still be able to acquire a mortgage when one spouse has bad credit and we’ll make sure you get the best deal possible.
First Time Home Buyers
When it comes to first time home buyers in Milton, we’ll will be able to simplify the process as we’ll be able to customize a mortgage to suit your unique financial situation and lifestyle. We’ll help you make the right choices by discussing all of the options open to you. Our team of experienced mortgage brokers have experience with the Milton housing market, will fully explain each step of the process, and will be able to calculate both the suitable amount and length of payments for your unique situation.
We will go over the key areas of obtaining a mortgage, such as the amount of your down payment, the differences between variable and fixed mortgages, the different products and interest rates, the length of amortization, and the frequency of the payments.
If you’re planning on building a new home in the Milton area, we will make sure your mortgage won’t be complicated and get bogged down with red tape. There are different types of financing available for new construction and we’ll be glad to explain exactly how each of them works. These include completion mortgages and progress draw mortgages. Let us take care of all the legwork and present you with the best mortgage solution for your newly constructed home.
Not all people looking for mortgages in the Milton area plan on living in their homes as some of them are looking for a mortgage for investment properties. We can assist you in this scenario as well if you’re interested in exploring the real estate market and earning a return on your investment. Our helpful team will explain your property mortgage options in Milton and and the surrounding area. You’ll learn how using a mortgage for the purpose of investing may benefit you and can help obtain financing for potential investment properties. We’ll go over the important keys such as the number of units, the size of down payment, the amortization period, mortgage default insurance, residential and commercial zoning, and owner or non-owner occupied options.
We have dozens of different mortgage programs available for every type of financial and lifestyle situation. Contact one of our mortgage professionals today to learn more how we can help get you approved for a mortgage, all without leaving the comfort of your own home.