We want to be by your side on this exciting journey! Our commitment is to provide you with the advice and guidance needed to navigate your way to home ownership. We provide so much more than a mortgage. We are on your team to make sure you reach your home ownership goals and financial success.
In five years, your life can change a lot and we understand that. At Mortgage On Time, we will take you through our renewal process to make sure that you get a low rate but also the right mortgage. We will talk goals, future plans and about those big life moments to make sure that your mortgage is compatible to your life.
We understand that this purchase might be the biggest financial decision of your life and we take that seriously. Mortgage On Time mortgage brokers are here to walk you through every step of the process and make sure you have peace of mind that you are making the right decision when getting a mortgage.
Your pre-approval is your first step before purchasing a home as it allows you to determine how much you can afford to borrow, your approximate budget for your new home and it allows you to determine your mortgage payments.
By securing a pre-approval, you also protect yourself from any rate increases over the next three months – and if rates go down? You also allow yourself access to those new low rates!
A pre-approval is a advisable move for the home buyer and is cost-free. Call a Mortgage On Time specialist and get your pre-approval in the next 48 business hours.
Your Mortgage On Time specialist will consult with you regarding your housing needs and ask for a few items to get the Pre-Approval process started. These items may include:
Please see the attached checklist for documents.
Get up to 95% Loan-to-Value ratio from your home equity with a HELOC hybrid mortgage!
A Home Equity Line of Credit (HELOC) is a loan that is solely based on the amount of equity built up in your home. Due to recent changes to Canada’s banking regulations, banks can no longer provide you with an 80 percent LTV ratio. This has now decreased to 65 percent. That’s where we come in, offering up to 95 percent LTV.
How to Apply for a Home Equity Line of Credit?
To apply for a HELOC, the application process is quite similar to that of a traditional mortgage:
In five years, your life can change a lot and we understand that. At Mortgage On Time, we will take you through our renewal process to make sure that you get a low rate but also the right mortgage. We will talk goals, future plans and about those big life moments to make sure that your mortgage is compatible to your life.
We understand that this purchase might be the biggest financial decision of your life and we take that seriously. Mortgage On Time mortgage brokers are here to walk you through every step of the process and make sure you have peace of mind that you are making the right decision when getting a mortgage.
DOING IT RIGHT THE FIRST TIME.
We offer great first time home buyer programs to help you secure your home financing.
Experience counts. Especially when it comes to making a big decision like purchasing your first home. Mortgage On Time has that experience – our team has helped many of first time buyers and are here to help you every step of the way.
Buy your home with only 5% down payment!!
At Mortgage On Time we have helped hundreds of First Time Home Buyers purchase their first home with only 5% down. The 5% down program was initially set-up for qualified First Time Home Buyers but has recently been made available to everyone, providing they qualify.
Getting a mortgage as a new immigrant can be difficult, but we at Mortgage On Time have some great programs to help you qualify.
We have programs for landed and non-landed immigrants, if they can meet the credit guidelines they can qualify for up to 95% financing! Immigrants with no landed status can also be qualified, providing the right paperwork and Mortgage On Time on your side guiding you closer to a mortgage approval.
If you feel you are in a special circumstance and would like an assessment of your personal situation, feel free to contact us.
Being self-employed has shown its difficulties when qualifying for a mortgage however, with Mortgage On Time we have a simplified approval process designed specifically to meet the unique needs of entrepreneurs, you’ll benefit from a range of mortgage products with built-in flexible options and less paperwork.
Your approval is to be based on your personal credit history, not your business history. A number of choices in terms of mortgage products, allowing you to find the one that best suits your needs. A mortgage that is available across Ontario, on residential single-family, owner-occupied properties and in a conventional (uninsured) or high-ratio (insured) form.
You’ve spent all this time building a business, let us handle the rest.
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