Mortgage | Licensed Mortgage Broker | AWealth

MORTGAGE MISSISSAUGA

AWealth can help you find a fix or variable rate mortgage when you are looking for a new home. There are two ways to get a mortgage in Canada. One is from a bank, the second is from a licensed mortgage broker. Licensed mortgage brokers have access to hundreds of mortgage products to offer you more choice. We specialize in mortgage to help you make an educated buying decision with professional unbiased advised. Mortgage professionals work for you, therefore, they work in your best interest. Services such as consultation to the signing of your mortgage are fee. However, a fee is charged for the most challenging credit solutions like under those circumstances that a mortgage professional can do for you what your bank cannot.

Do I qualify for the first time home buyer program?

In order to qualify for the Home Buyers Plan, the RRSP funds you are using must be on deposit for at least 90 days and provide a signed agreement to buy or build a qualifying home.

What are the costs associated if I have to sell my home?

Selling a home is stresfull and can carry a lot of costs if not planned properly. Breaking a mortgage early can be very costly, depending on the original agreement. Learn how to most effectively go through this process without paying unnecessary fees.

FIXED RATE VS. VARIABLE RATE

Fixed rate mortgages appeal to clients like young couples who want stability in their payments or manage a tightly monthly budget.

Variable rate mortgages allows borrowers to take advantage of lower rates. (The interest rate is calculated on an ongoing basis at a lenders' prime rate minus or plus a set percentage).

AWealth will provide you with the best option by ensuring you have a full understanding o the risks and rewards of each type of mortgage.

SELF EMPLOYED SOLUTIONS

Those who are self employed may face roadblocks when they are trying to obtain personal financing such as a mortgage or a vehicle loan. As business owners, proving self employment income and income stability can be difficult.

However, Canadian mortgage lenders understand the importance of self employment and have created mortgage programs that are available to the self-employed to finance their homes. Therefore, obtaining a mortgage if you are self employed has never been easier.

Contact AWealth to learn about the mortgage products available today that are structured to help you succeed in your business and personal life.

PAY OFF YOUR MORTGAGE FASTER

Thinking ahead and a bit of sacrifice will help you pay off your mortgage in a much shorter period of time.

Here are the steps you should take:
1. Making mortgage payments each week, or even every other week. This will lower your interest paid over the term of your mortgage and paying off your mortgage in this way can take your mortgage from 25 years down to about 21 years.
2. If your income increases, you should increase the amount of your mortgage payments. For example, if you get a 50% raise ease year at work, if you put that extra 5% of your income into your mortgage, your mortgage balance will drop much faster without feeling like you are changing your spending habits.
3. If you inherited some money from a relative or received a nice holiday bonus at work, you should apply this mortgage to your mortgage as a lump-sum payment and watch the results!

MORTGAGE RENEWAL

Mortgage insurance is required in Canada for any down payments that are between 5% and 19.99%. Mortgage insurance protects the lender should a borrow cease to make payments or default on the loan. This insurance is ideal and helpful for potential homeowners as it gives them a better chance at the real estate market. Without this the of insurance, mortgage rates will be much higher and the chances of defaulting on a loan would increase. This insurance also allows lenders to offer lower rates because they have protection as the risk of a defaulted loan is passed onto the mortgage insurer.

APPLYING FOR A MORTGAGE COULDN’T BE EASIER

APPLY FOR A MORTGAGE

MORTGAGE INSURANCE

You can qualify for a new mortgage if you have improved your credit score. You will qualify for a new mortgage with a better discount and stabilize your payments by changing from a variable rate mortgage to a fixed rate mortgage.

USING HOME EQUITY TO YOUR ADVANTAGE

Home ownership has proven itself to be a good stable investment over time.

While many people have chosen to purchase their first home during thee times of lower interest rates, there has been an increase in refinancing home loans and pulling out equity for investments, home improvements, and more.

REFINANCE YOUR MORTGAGE

You can refinance your mortgage by improving your credit score in order to qualify for a new mortgage at a a better discount and to stabilize your mortgage payments by changing from a variable rate mortgage to a fixed rate mortgage.

Refinancing your mortgage is a good option to pull out equity for consolidating debt, investments, home improvements, and more.

CANADIAN HOME INCOME PLAN (CHIP)

Seniors face the challenge of managing with less cash flow than they anticipated. HomEquity bank is the only bank dedicated to older Canadian homeowners with smart and simple ways to use the value of their home during retirement.

CHIP has helped thousands of older Canadian homeowners enjoy more financial flexibility.

WHICH AWEALTH PLAN IS RIGHT FOR ME?

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Contact Us

Phone:
(416) 666-7264
Email:
info@awealth.ca
Web:
www.awealth.ca

Address:
425 – 6755 Mississauga Road
Mississauga, ON L5N 7Y2
Business Hours:
Monday-Friday: 9:00 – 20:00
Saturday-Sunday: 9:00 – 17:00

Financial Services

Investment*:
Registered Education Savings Plan*
(RESP)
Tax Free Savings Account**
(TFSA)
Registered Retirement Savings Plan***
(RRSP)
Non Registered Account****
Registered Retirement Income Plan*****
(RRIF)

Insurance**:
Life Insurance*
Health Insurance**
Travel Insurance***

Mortgage***

Life Events

Starting Out
Getting Married
Home Ownership
Parenthood
Empty Nest
Retiring
Divorce
Death of A Loved One

*Investments provided as segregated funds through Carte Financial Services Inc. and Kabis & Associates Inc. **Insurance products & services provided through Carte Financial Services Inc. and Kabis & Associates Inc. ***Mortgage products and services provided through Dominion Lending Centres Forest City Funding.