What Mortgage is Right For You?
Discover the ideal mortgage for you with our expert guidance. Whether you're a first-time buyer or a seasoned investor, we'll find the perfect fit for your needs. From stability to flexibility, we're here to simplify the process and help you achieve your homeownership goals.
First-time Home Buyer
Enables qualified borrowers to become first-time homeowners with as little as a 5% down payment. Available for 1 and 2 unit properties up to a maximum value of $500,000 with 5% down. For properties >$500,000, 5% down payment on the first $500,000 with an additional 10% on the portion of the home value above $500,000.
Available for both existing and new construction homes.
Mortgage Renewal
Most property owners do not realize they do not have to remain with their current mortgage lender. If you do not renew or pay off your mortgage in full, the lender has the right to automatically renew your mortgage into a higher rate open term or could even lock you into a one-year closed term. We will make sure you are offered the best renewal solution rate and terms.
Mortgage Refinance
Refinancing a mortgage is a strategic financial decision that is applicable in a variety of situations and may require an advisor to ensure the best solution is found to fit your specific needs.
Purchase Mortgage
Provides qualified borrowers with the opportunity to purchase any owner-occupied home for as little as 5% down and any investment property with a minimum of 20% down.
Home Equity Line of Credit (HELOC)
A line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher interest rate debts on other loans. You’ll incur a variable rate of interest on any outstanding balance.
Reverse Mortgage
** Available to Anyone age 55+ or older **
It is a simple and sensible way to unlock your home's value and turn it into cash to help you enjoy life on your terms. You receive the money tax-free. It is not added to your taxable income so it does not affect Old Age Security or Guaranteed Income Supplement government benefits you may receive.
Purchase Plus Improvements Mortgage
Helps qualified home buyers carry home improvement costs into their mortgage with as little as 5% down. It is for borrowers who want to make improvements to their home immediately after taking possession of the purchased property, the Purchase Plus Improvements Program allows you to do so with one manageable mortgage.
Spousal Buy Out Mortgage
A Spousal Separation Mortgage allows a remortgage of up to 95% of the value of your home, which can provide a fair buyout and possibly pay off any other joint debt.
Flex Down Mortgage
Makes it possible for borrowers who cannot save a down payment to start building equity now. This program allows qualified borrowers to get into a property prior to having the full 5% saved up. This is ideal for someone with a higher credit score and the ability to handle a new mortgage payment as well as a payment on a personal loan, lines of credit, credit cards.
New To Canada Mortgage
Help individuals who have recently immigrated or relocated to Canada to purchase property with as little as 5% down.
Borrowers must have a valid work permit or permanent residency
Borrowers must have a minimum of 3 months full time employment in Canada (those transferred under a corporate relocation program are exempt)
Investor Purchase Mortgage
Provides qualified borrowers with the opportunity to purchase an additional investment property with a minimum 20% down payment.
Private Lending
When you cannot qualify for your standard mortgage; private, short-term lending can be the option that saves the day. I have access to a number of private lending options for different scenarios.
“At Joy In Mortgages, I believe in more than just securing mortgages; I’m dedicated to unlocking the joy of homeownership, one client at a time.”
