Mortgages
SIMPLIFYING THE PROCESS
Let Tim show you where to start
Mortgage Pre-approvals
First Time Homebuyer
Refinancing
Renewal
Reverse Mortgages
Self-Employed Mortgage
Mortgage Pre-Approvals
Mortgage Pre-Approvals
Get into your home faster with a Mortgage Pre-Approval
Tim believes that knowledge is power! He wants to make each and every home buyer aware of the many mortgage and finance options available to them right from the pre-approval.
Now, more than ever, financial institutions are regularly launching products and programs which make it easier to get into that new home sooner.
Above all, today’s interest-only loans, self-employment programs, rental purchase programs, vacation property programs and a host of other innovative financing alternatives are dotting the home purchase landscape making home-ownership a reality for more people.
First Time Homebuyer
Tim makes the purchase of your first home easier
He knows that your first home purchase is a daunting but exciting experience. The new First-Time Home Buyer Incentive allows eligible first-time homebuyers, who have the minimum downpayment for an insured mortgage, to apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada.
Lower monthly mortgage payments
Interest-free incentive program
No pre-payment penalty
Newly constructed homes eligible for 5% or 10%
Exisiting homes eligible for 5%
Canada’s First Time Homebuyer Incentive Program
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Canada’s First Time
Homebuyer Incentive Program
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First Time Homebuyer
First Time Homebuyer
Tim makes the purchase of your first home easier
She knows that your first home purchase is a daunting but exciting experience. The new First-Time Home Buyer Incentive allows eligible first-time homebuyers, who have the minimum downpayment for an insured mortgage, to apply to finance a portion of their home purchase through a form of shared equity mortgage with the Government of Canada.
Lower monthly mortgage payments
Interest-free incentive program
No pre-payment penalty
Newly constructed homes eligible for 5% or 10%
Exisiting homes eligible for 5%
Mortgage Refinancing
Mortgage Refinancing
What is mortgage refinancing?
Refinancing your mortgage refers to the process of renegotiating your current mortgage agreement for a variety of reasons. Refinancing allows you to pay off your existing mortgage and replace it with a new one.
There are a variety of reasons to consider mortgage refinancing, including but not limited to:
Wanting to pull equity out of your home to fund renovations or upgrades
Wanting to leverage large increases in property value
You are looking to consolidate debt
You want a better interest rate than your current one
You want to convert your mortgage from fixed to variable, or vice-versa
Looking to finance post secondary education
You want to purchase an investment property
If you opt to refinance during your term, it is considered to be breaking your mortgage agreement. Tim understands the best options to keep the cost of refinancing at a minimum and will work with you to determine if it’s the right option for you.
Mortgage Renewal
When Can I Renew My Mortgage?
Generally it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. This means that you need to be tracking your own mortgage term time-frame and know when it is time to start shopping for a good mortgage renewal rate.
There are a number of factors to consider when renewing such as…
Has your income changed?
Have your expenses changed?
Has your appetite for financial risk changed?
Are you starting a family?
Change in your marital status?
Do you need to pay for a large expense?
Review your future goals with Tim today and come up with a plan of action that best suits your financial goals and requirements.
Mortgage Renewal
Mortgage Renewal
Mortgage Renewal
When Can I Renew My Mortgage?
Generally it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. This means that you need to be tracking your own mortgage term time-frame and know when it is time to start shopping for a good mortgage renewal rate.
There are a number of factors to consider when renewing such as…
Has your income changed?
Have your expenses changed?
Has your appetite for financial risk changed?
Are you starting a family?
change in your marital status?
Do you need to pay for a large expense?
Review your future goals with Abbi today and come up with a plan of action that best suits your financial goals and requirements.
Reverse Mortgages
Reverse Mortgages
Thinking about using your home equity to accomplish some of your goals?
Paying off debt
Covering everyday expenses
Making renovations
Supporting your family
Paying for in-home care
Investing
As a licensed mortgage professional Tim will be happy to walk you through your options to find the product that is right for you.
Self-Employed Mortgages
How to Get a Mortgage When You’re Self-Employed
This program is for self-employed borrowers who are unable to provide traditional income verification but have a proven history of managing their credit and finances responsibly. Eligible borrowers typically own a small size business for a minimum of two years.
It may be harder to get a mortgage if you’re self-employed. You’ll need to provide more documentation than someone who has had the same W-2 employment for several years. Self-employed borrowers can improve their prospects by:
Increasing their credit score
Offering a larger down payment,
Or paying down debt
Tim will work with you to help you determine what you can do to obtain the best self-employed mortgage option for your situation. Armed with knowledge and patience, Tim will find ways to qualify you for a self-employed mortgage.
Self-Employed Mortgages
Self-Employed Mortgages
Self-Employed Mortgages
How to Get a Mortgage When You’re Self-Employed
This program is for self-employed borrowers who are unable to provide traditional income verification but have a proven history of managing their credit and finances responsibly. Eligible borrowers typically own a small size business for a minimum of two years.
It may be harder to get a mortgage if you’re self-employed. You’ll need to provide more documentation than someone who has had the same W-2 employment for several years. Self-employed borrowers can improve their prospects by:
Increasing their credit score
Offering a larger down payment,
Or paying down debt
Abbi will work with you to help you determine what you can do to obtain the best self-employed mortgage option for your situation. Armed with knowledge and patience, Abbi will find ways to qualify you for a self-employed mortgage.
"Each office independently owned and operated Dominion Lending Centres Valko Financial Ltd. | FSRA# 13047"
"I have done all my mortgages with Tim and send all my clients to him. He truly is the best, he is a clear and concise communicator and takes the time to explain the options and gets you the best rate."
Christina. R
Contact Info
Address:
137 Glasgow St.
Suite 210, Office 167
Kitchener, ON
N2G 4X8
Phone:
(519) 497-0512
Email:
tim.bloomfield@valkofinancial.ca