You Get Professional Advice From Us

Making a home purchase is one of the most significant investments you will make in your life, so it’s important to have the right resources and advice. Our strategists will ensure you’re well-prepared for closing, regardless if you are buying a residence for the first time, are new to Canada or investing in a second property or holiday home. The minimum down payment depends on your credit rating; having 680+ allows you to set up a deposit lower than 20%. You must also secure mortgage default insurance through CMHC, Genworth Financial or Canada Guaranty in order to move forward with the purchase. If your credit score isn’t good enough, you’ll be required to put forward at least 20% as a down payment. If eligible and insurable, you can pay an amount of 5% on the first $500,000 and 10% on anything exceeding $500,000 up until $1M. If it’s a property worth 1M+ it cannot be insured and therefore necessitates 20% down payment. Beyondmortgagerealty.com Strategists will teach you about available government programs and tax credits as well as give an estimate of all closing costs ahead of time.

Investment, second home, or vacation property purchases

If you are looking to buy an investment property, vacation home or second dwelling, there are many financing options available. You may use equity from one of your current properties for a down payment or to finance the purchase, or consider taking out a Home Equity Line of Credit or another mortgage. Lenders often have unique eligibility criteria for these kinds of properties, in which case the condition and location play an important role in setting your rate. At Beyondmortgagerealty.com, we make sure that your dream purchase is within reach.

Pre-Approval in Minutes!

When you apply now, one of our mortgage strategists will contact you and offer you a purchase pre-approval within minutes. Getting a pre-approval helps you determine the price range you can afford when buying a new home. We can lock in your rate for up to 120 days, so if rates go up, the lower rate approval will remain. Prior to putting an offer on your purchase, we will work with your realtor to ensure you are prepared.