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Why a Mortgage Broker?
Best rates available
Mortgage brokers provide mortgages from various lenders. A mortgage broker has direct electronic access to virtually every major lender in Canada and can show you a wide range of rates and features. They study rates daily and always know where to find the most competitive ones. Plus they can negotiate with lenders to ensure you're getting the best available deal.
Specialized knowledge
As specialists, mortgage brokers have a thorough understanding of all available products, features and rates. And they can explain everything to you so you know exactly what you're getting into.
Secure, established lenders
Mortgage brokers deal with the same reputable, established Canadian financial institutions you're used to. Plus, they have access to broker-only lenders who offer even more attractive rates and features.
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Today's BEST Mortgage Rates in the Toronto Area
| Closed Terms |
Posted Rates |
Discounted Rates |
Our Rates*
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| Bank Prime |
3.00 |
Ask for Details |
Available
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| 6 Month |
4.55% |
4.69% |
4.45% |
| 1 Year |
4.30% |
2.99% |
2.89% |
| 2 Year |
3.95% |
3.35% |
3.09%
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| 3 Year |
4.39% |
3.29% |
3.19%
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| 4 Year |
4.79% |
3.39% |
3.19% |
| 5 Year |
5.29% |
3.49%
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3.19% |
| 7 Year |
6.39% |
4.75% |
3.99% |
| 10 Year |
6.79% |
4.70% |
3.99% |
George Vasilache & Associates * To take advantage of our exclusive Special Rates, just give us a call:
- All rates are available for new business
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VARIABLE CONVERTIBLE Mortgage - 5 year Rate 2.90% (Prime-.10%)
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VARIABLE OPEN Mortgage - 5 year Rate 3.50% (Prime+.50%)
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VARIABLE CLOSE Mortgage - 5 year Rate 2.85% (Prime-.15%)
Contact us to pre-qualify (some conditions may apply).
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BROKER's SPECIAL RATE...3.12% -FOR NEW BUSINESS ONLY - 5 YEAR TERM (only for real deals, not pre-approvals) 50/50
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NOW !!!..." RENT-TO-OWN" PROGRAM AVAILABLE Are you tired of paying rent, struggling to make the transition from renter to home owner, and exhausted from dealing with inflexible banks? Well you're not alone.
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Do you:
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Have Credit Challanges due to a job loss, health issues, divorce or bankruptcy?
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Lack Sufficient Down Payment for Bank Financing?
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Lack Established Credit History?
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Are in Consumer Proposal?
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Have difficulty qualifying because you are Self Employed ora Small Business Owner?
Do you deserve to be punished, because of the above circumstances?
Our rent-to-own program is SIMPLE yet POWERFULL approach to home ownership, so don't waste another day renting and paying down someone else's mortgage!
If you're SERIOUS about HOME OWNERSHIP, you need to call us TODAY at 416-220-8485 to discuss how our program can change your life by helping you realize your dreams of home ownership NOW.
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What is a MORTGAGE BROKER?
A trained professional with a wealth of knowledge and experience to find the mortgage that best suits your needs, at the best rate available, from a large selection of lenders that include most major banks, trust companies, credit unions. A mortgage broker works for you, not for the lender. Many financial institutions pay finders fees to mortgage brokers who refer business to them making it possible for you to get the best mortgage product. 2010 Changes to Mortgage Insurance Announced
| Finance
Minister Jim Flaherty announced new rules aimed at preventing
homebuyers from getting into financial difficulty when mortgage rates
rise. |
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He announced three major changes to mortgage insurance rules which will affect all government backed insurance programs.
1. All
borrowers will need to qualify at a five year rate regardless of
whether they are choosing a shorter term or a variable rate mortgage.
It is unclear whether this rate will be the posted or discounted rate
as we await clarity for this question.
2. Refinances will be limited to 90% LTV versus the current 95% limit.
3. Non-owner occupied properties will require a down payment of 20%.
The
good news is that rumours of a required 10% down for new home buyers on
their principal residence and a reduction of amortization periods to 30
years are not currently being introduced.
These rule changes are scheduled to take place as of April 19, 2010. | |
2009 Changes Related to our Industry First Time Home Buyers Tax Credit
Home Renovation Tax Credit
RRSP Home Buyers Plan |
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Finding the right house is only half the battle, you also need to find the right mortgage loan. Just as no two houses are alike, no two mortgage loans are alike either. Interest rates and repayment terms are only the beginning. We are specialized in matching homebuyers with the right mortgages. Were committed to provide the highest quality service available anywhere. Contact us today to learn more about how we can help you buy your new home.
- APPROVALS & PRE - APPROVALS
- NO DOWNPAYMENT MORTGAGE
- UP TO 40 YEARS AMORTIZATION
- 1st, 2nd & 3rd MORTGAGES
- SELF EMPLOYED & BUSINESS FOR SELF
- REFINANCE & DEBT CONSOLIDATIONS
- BAD CREDIT & NO CREDIT (bankruptcies ok)
- NEW IMMIGRANTS & WORK VISA APPLICANTS
- INVESTMENT PROPERTIES (rentals)
Debt ConsolidationA Debt Consolidation loan is a personal loan that allows you to consolidate many other debts into one.
For example, if you have three credit cards, you may be able to eliminate your credit card debt by getting a Debt Consolidation loan to pay off the credit cards, so that you only have one payment each month instead of three.
The advantages of a Debt Consolidation loan are: 1. Your Debt Consolidation loan may have a lower interest rate than
the rate you are paying on credit cards, so the loan should reduce your
interest payments and help you eliminate your credit card debt,
eventually. Read more...
Improving your credit scoreImproving your credit score can save you money! Your credit score is a very important number that lenders use in order to determine whether or not to extend credit to you, and what the interest rate and terms of the credit or loan are. The lower your score, the less likely you will be approved for loans. If you are approved, you may have to pay a high interest rate. Your credit score is broken down into five categories: Payment History 35%
Total Amounts Owed 30%
Length of Credit History 15%
New Credit 10%
Type of Credit in Use 10% Read More...
Mortgage GlossaryAre there terms you don't understand (terms like "Amortization" or "Conventional Mortgage" or "Variable Rate")? Maybe you heard something about Mortgages that you don't know what it means? Find a complete list of Mortgage Terms explained HERE.
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Apply for a Mortgage Download or fill out our online Application Forms. We will contact you to discuss your application, answer any questions you might have, and explain the next steps after your approval.
CLICK HERE
Mortgage Calculators Find out how much your monthly payments will be or the maximum mortgage amount you can qualify for based on your income.
CLICK HERE
Contact infoGEORGE VASILACHE, AMP
MORTGAGE BROKER
FSCO Lic. No. M08002895
Real Mortgage Associates
Inc.
Tel: (416)220-8485
Fax: (905)713-3565
Fax Toll Free: 1(888)389-3565 E-mail:
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