Danny Bell
Mortgage Broker - M13001996
danny.bell@premieremortgage.ca
Tel: 888-561-2525 | Cell: 289-200-9061
Conventional/Uninsured PurchaseMinimum 20% down paymentPurchase price can be above $1M “Sliding scale” financing applicable on some purchase prices above $1M (depending on lender/bank)For example: $1.5M purchase price might offer 80% financing...
With inflation on the rise in April, economists say the BoC is likely to raise the overnight lending rate again. This will impact variable rate mortgages and lines of credit. Read more here: There’s a chance of a BoC rate hike this week, but...
Are you or someone you know experiencing cash flow challenges? In today's inflationary economy with rising costs of essentials like groceries, gas, utilities, and mortgages, it can be difficult to meet financial obligations. But don't worry...
A high ratio/insured (i.e. CMHC) purchase consits of:Minimum 5% down paymentLess than 20% down paymentMaximum purchase price of $999,999Maximum 25 year amortizationPurchase price over $500k requires 5% of the first $500k and 10% balance above $500k ...
To qualify for a "High Ratio Insured" (i.e. CMHC) mortgage, the purchase price cannot exceed $999,999 in order to fit the insurers guidelines.A High Ratio Insured mortgage can be qualified with less than 20% down payment. The property is usually...
When it comes to qualifying for a mortgage, some people might think their regular salary is the only income that matters. However, other sources of income can be considered, such as overtime, commission, and bonus income. These additional sources of...
Whether you are first-time buyer or an experienced buyer with excellent credit, The Mortgage Centre has access to the very best products and rates available across Canada. Give us a call… we think you’ll be pleasantly surprised!
Learn MoreThrough training and certification, we have a good understanding of available products, features, and rates. We are here to keep your mortgage moving forward with our Mortgage Market technology, we have electronic access to various major lenders in Canada, so you’re not tied to one lender or one type of mortgage.
Learn MoreWe understand that mortgages can be confusing and intimidating. To help demystify the process, The Mortgage Centre provides a glossary and a variety of free calculators to assist you in researching, and planning your mortgage.
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