Mortgage Lenders – Current rates

I have worked closely with our mortgage lenders to ensure the deals make sense, following our policies and underwriters’ guidelines. As a result, this helps me get approval for majority of my clients. Here’s a list of available programs for

High Ratio Mortgage

Qualified borrowers are able to purchase a home with as little as 5% down. The insurance premium is applied to the principle of the mortgage upon funding. Usually, CMHC or Genworth insure the mortgages.

Conventional Mortgage

Mortgage in which the current loan is less than 80% of the home’s value. Usually this means your down payment is equal to 20% or more of the purchase price/value of your home.

New to Canada Mortgage

With three months employment history, even with no Canadian credit bureau history you may qualify.

No Frills Mortgage

The 5 year No Frills Fixed Rate Mortgage program designed for borrowers who are willing to accept a lower prepayment option and a reduced rate hold period in return for a discount to the 5 year fixed rate product. Let a Dominion Mortgage agent review your situation, and your future hopes to see if this is the right mortgage product for you.

Investment / Rental Mortgage

This program is suited to home buyers who have established an excellent credit history and wish to invest in a rental property.

Business for Self Mortgage

When you’re in business for yourself, your income is often inconsistent year over year. I understand that while traditional sources of income verification may be impossible. But this doesn’t mean you’re not a great mortgage client! So we’ve created a Business For Self program designed for people who cannot provide traditional sources of income verification.

To determine eligibility requirements for these mortgage programs, please call Amritjot Saini at (647) 568-5120.

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