• Buying a Home?

    MyMortgage.ca offers a variety of mortgage options for home buyers. Regardless of your circumstances, we can usually find a mortgage to suit your needs.
  • Need to Refinance? Let us help

    Don't let circcumstances prevent you from reaching your goals. MyMortgage.ca offers a number of mortgage products designed to suit your refinancing needs.
  • Save Money on Mortgage Renewals

    Mortgage up for renewal? This is the ideal time to re-assess and re-examine your financial situation. Call us today.

Mortgage Solutions

Mortgage Debt Coverage Ratios

In following our commitment to providing current product information for our clients, MyMortgage.ca is pleased to announce the following changes to insurer’s guidelines for borrower qualifications (GDS/TDS).
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Mortgage Insurance Premiums

The Insurance Premium is paid once, at the time of closing, and may be added onto the mortgage or paid separately.
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Mortgage Amortization Period

The mortgage amortization period, is the length of time it will take you to pay off your entire mortgage. Longer amortization periods reduce your monthly payments, as you are paying your mortgage off over a greater number of years. However, you will pay more interest over the life of the mortgage.


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Mortgage Qualifying Rate (Bank of Canada)

CMHC defines the benchmark rate as the Chartered Bank — Conventional Mortgage 5-year rate that is the most recent interest rate published by the Bank of Canada in the series V121764 as of 12:01 AM (Eastern Time) each Monday.

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First Time Home Buyers Mortgage

Purchasing property is the single most expensive investment most Canadians will ever make.  The process can be extremely intimidating and stressful.  Working with a professional mortgage specialist can substantially ease your worries!  We are here to answer all of your questions and walk you though the steps of buying your home.  We also help you understand the process and explain all the options in order to make you feel more comfortable with your purchase.
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Home Buyers Plan (RRSP)

The HBP is a program that allows you to withdraw up to $25,000 per person (or $50,000 per couple) from your registered retirement savings plan (RRSP) to buy or build a qualifying home.
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Non-Traditional Down Payment Mortgage

The Non-Traditional Down Payment Mortgage has been developed for homebuyers who have excellent credit history (Score of 650 or greater) but have not accumulated the required down payment.
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Cash Back Mortgage

Buying a new home can feel overwhelming. There are all kinds of things you need to consider, such as lawyer’s fees, moving costs, closing costs, and other expenses. You can receive as much as 5% of the mortgage amount paid to you at closing.
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Purchase with Improvements Mortgage

This program is designed for people who wish to purchase a home that may require some immediate upgrades. For example, a new electrical service, a new roof, central air, a new furnace, new siding, eaves, fascia, doors, windows, a new kitchen, carpeting… or any other renovation that would increase the value of the home.

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Construction Draw Mortgage

Customers receive funds at various stages of completion of the construction of a new owner occupied home

A first advance is available to assist with the purchase of vacant land or as equity take-out when the lot is already owned (up to 65% of the property lending value of vacant land – uninsured only)
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Acreage Mortgage

Rural properties (normally small acreages- 10 acres) will be considered providing they are not farming operations and the applicant’s main income is not derived from the property.
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New to Canada Mortgage (Work Visa/landed Immigrant)

At MyMortgage.ca we recognize the increased migration of foreign works to Canada. With new programs now available through the insurers’ these individuals can qualify for mortgage financing with as little as 5% down payment.
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New Permanent Resident Mortgage( No employment)

The Welcome to Canada Mortgage is for new immigrants who established their residence in Canada within the last 6 years and are unable to meet normal guidelines.

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Net Worth Mortgage Program

The Net Worth Mortgage Program has been developed to assist homebuyers who have established an excellent credit history but have not accumulated the required down payment, or have chosen to use their savings for other asset enhancing purposes.

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Gross Up Mortgage - Non-Taxable Income

For borrowers with non-taxable income, lenders may now gross-up this income for the purpose of mortgage qualifying.

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Home Equity Line of Credit 65% LTV (HELOC)

We offer Home Equity Line of Credits (HELOC) up to 80% LTV, so homeowners can enjoy access to additional funds with more flexibility and convenience.

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Rental/Investment Mortgages 80% LTV

An increasing number of regular homeowners are purchasing second homes to flip or as a rental property to hold. Purchasing investment/rental property can be an excellent way to increase wealth and provide passive income. With the wide range of products available to homebuyers, you can purchase investment/rental property with as little as 5% down. With real estate prices consistently appreciating over time in Canada it is an excellent time to be considering these options.


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Rental/Investment Mortgages 65% LTV (Non-Resident)

U.S. residents and residents of other countries seeking to purchase a second/vacation home in Canada for their personal use or to be occupied by a child attending school in Canada or for investment purposes. This program allows conventional mortgage financing up to and including 65% LVR for U.S. Residents and up to 50% for All Other Non-Residents

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Investment Mortgage 95% LTV (Second Home)

Lifestyles are changing and these changes affect decisions that Canadians make regarding how and where they live. With this in mind CMHC will now provide homeowner insurance for borrowers with more than one residential property. You can now buy a second home with as little as 5% down from your own or borrowed source.

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Investment Mortgage 95% LTV (Vacation Home)

Owning vacation or recreation property can be an extremely rewarding experience! Borrowers can now obtain financing on vacation/recreation homes with 5% down.

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Self Employed Mortgage 95% LTV(Declared Income)

Self Employed Mortgage 95% LTV (Bonused)

Self-employed borrowers can now enjoy a new approach to income determination and verification through a simple 15% gross up of the total income (line 150) on their Canada Revenue Agency (CRA), Notice of Assessment (NOA).

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Self Employed Mortgage 90% LTV(Stated Income)

At MyMortgage.ca we understand that as a consultant, contract worker, or independent business owner your taxable income may not reflect your true income.

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Self Employed Mortgage 65% LTV(Stated Income)

Clients who have difficulty proving their true income can qualify based on 35% down.

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Bad Credit Mortgage

While you might be in a tough spot, with financial wos and credit agencies at your heels, there is light at the end of the tunnel. And it might just come in the form of a Bad Credit Mortgage.

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Reverse Mortgages for Seniors-CHIP

A ‘reverse mortgage’ is a new way of borrowing money for people 60 or older and own a home or condo to qualify for a reverse mortgage in Canada.

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Commercial Mortgages

Are you struggling to meet your business financial requirements? Whether you are a first time commercial buyer or a seasoned commercial owner, arranging a mortgage can be very confusing. That's why you should work with a mortgage professional who can answer all your questions and tailor a mortgage to suit your individual needs.

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Bankrupcty Mortgage


Unfortunate situations like job loss, divorce, injury or illness can negatively impact your overall credit rating.  At MyMortgage.ca  Inc. we are aligned with lenders who will consider your mortgage application even after a consumer proposal or bankruptcy.

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Raw Land Mortgages

Raw land mortgages are the most difficult mortgages to obtain. Here are some of the reasons why lending institutions are not aggressive on lending on raw land.

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Green Homes Mortgages

More than 17 percent of the energy consumed in Canada is used to run our homes. Buying an energy-efficient home or making energy-saving renovations can offer big savings.

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Refinancing Options

Renewals and Transfer Mortgages

Just like an annual financial plan you should review your mortgage on a regular basis. When your mortgage is up for renewal it is the ideal time to re-assess and re-examine your financial situation. MyMortgage.ca is available to answer any of your questions or concerns and help you choose the options that best suit you.


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