OCTOBER RATE SHEET
What we Offer
As part of INVIS, Canada’s largest mortgage brokerage firm, we have spent the last 10 years providing clients with innovative mortgage products that suit their individual needs and objectives.
When renewing your mortgage your current lending institution will not necessarily offer you the best rate. Too many people don’t take advantage of their position at this critical time of home ownershipThis is the time when your equity grows substantially from decreasing your principal load balance combined with the appreciation of your home. Over 70% of mortgage holders simply sign their current lenders renewal form and the result is a higher rate and a product which no longer fits their financial situation and goals.
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First Time Home Buyers
The Federal Home Buyers Plan allows first time home buyers to withdraw up to $20,000 from their RRSP for the purpose of buying or building a qualifying home. The primary benefits are that the RRSP issuer will not withhold tax on the amount nor will you have to claim the amount as income.
Closing costs are a list of charges your lawyer presents to you on the closing date of your home. Many people are surprised at the additional costs over and above the price of the home. According to the CMHC and Genworth Financial you should have at least 1.5% of the purchase price for closing costs in addition to the down payment (have around 2.5% to be on the safe side). The costs vary among provinces and cities.
Your credit rating is a measure of your credit-worthiness or in other words, your record of borrowing and repayment. Without a credit rating, few institutions will lend you money.
Governed by provincial laws, the credit bureau – the clearing-house of information on consumers’ use of credit – provides a credit history, which is a list of facts about how you handle debt. Read More.
Here’s what just some of our clients have said
As a first time home buyer I was very nervous about getting a mortgage. I was not familiar with the process and did not know what my options were. Jora Purewal was my Mortgage Agent at Invis, he was very understanding and patient. My numerous concerns were addressed in a professional and non – judgmental manner and all my questions answered thoroughly. I was presented with three mortgage options so I could pick the one that best suited my needs. The rate offered to me was very attractive and now I can enjoy my new home without worrying about meeting unreasonably high monthly mortgage payments..
To a very special person “Joe”… Thanking you very much for your caring, kindness and understanding, helping us making our dream come true. Wishing you the very best in life and blessings. Thank you from our sincere hearts. Because of your will, there is always hope, kids are happy and a mother’s heart content with peace. Thank you Joe!!
Helping People just like you
Whatever your Mortgage Needs…
We can Help!
Would you like to speak to one of our mortgage specialist over the phone? Just submit your details and we’ll be in touch shortly. Send us an email or phone 905 281 3555 between 09:00 and 5:00 Monday to Friday — we would be delighted to speak.
It is important to consult a mortgage broker to assure the right mortgage product and the right lender institution, depending on your situation, one type of mortgage may be better for your circumstance than another. Over 70% of mortgage holders simply sign their current lenders renewal form and the result is a higher rate and a product which no longer fits their financial situation and goals.
Refinancing is when you take your existing home mortgage, break it, and replace it with another mortgage with different terms and conditions. In some cases, there are life events that require that you to refinance (equity take out) your home mortgage in order to have the capital on hand or you need to repair your credit.