Residential Mortgage Programs

Because of the diversity in employment and immigrant status in Toronto and other urban areas in Canada, mortgage lenders have had to develop new lending mortgage programs to help these consumers buy homes.

Apart from the standard programs for clients who either; earn salary or hourly income, there are other specific programs in place to help all clients get into the housing market.

For example: The Self Employed Mortgage Program helps self employed or commission earning borrowers obtain mortgage financing without having to provide proof of income.  With nearly 30% of the Canadian population now either self employed or earning some kind of commission income, mortgage lenders have had to change their qualifying guidelines so these borrowers can obtain a mortgage.

Examples of specific mortgage programs are:

• The Self Employed Mortgage Program helps self employed clients or commission income people qualify for a mortgage without having to show income.
• The New to Canada Mortgage Program helps new immigrants or people in Canada on working visas obtain mortgage financing.
• The second home or Cottage Purchase Mortgage Program helps clients purchase a second home or cottage property.
• The Purchase plus Improvements Mortgage program helps borrowers add renovation cost onto their mortgage when they first purchase a home.
• The Toronto Mortgage Broker provides access to this specific mortgage programs and can guide the client to the lender that offers a mortgage program for their specific needs.

Contact Robert Clancy today for a no-obligation quote on how you might qualify for such a program.