Discover Our Mortgage Solutions
At Mortgage Store Ontario, we offer tailored mortgage services to meet your unique needs, from first-time homebuyers and refinancing options to construction financing and HELOCs. Our expert team guides you through each step, ensuring you find the best financial solutions, whether you’re new to Canada or looking to consolidate debt. Let us help you achieve your homeownership and financial goals with ease.
First-time Home Buyer
Your First Home Journey Starts Here
Face your first-time home buyer blues with the right mortgage. Understand your down payment requirements, government solutions, and more as a first-time home buyer. Track your savings, income, debt-to-service ratios, interest rates and amortizations to find the best pathway to invest in your first home. You can obtain a pre-approval to reduce worry and uneasiness surrounding the home closing process. Choosing this service is helpful when you are a first-time home buyer with no first-hand experience or investment in the Canada real estate market. Take advantage of interesting benefits for first-time home buyers such as rebates on the land transfer tax, new to Canada benefits etc.
Best Suited for
- First-time home buyers who are new to the real estate market
Refinance
Leverage Your Home Equity for Financial Flexibility
Take advantage of equity accumulated on your property. An equity takeout mortgage is a loan used to ‘take out’ equity on the property for other purposes. Home equity is the difference between the appraised home value and the remaining mortgage amount. You can pull 80-85% of the equity. If a big home renovation project or an investment property is up your alley, an influx of cash can help. Equity takeout refinance is a great option if you choose the right mortgage corporation to help.
Best Suited for
- Those looking to consolidate loans and take advantage of equity on the property
- Those looking to improve or enhance their property portfolio
- Those who want to renovate or upgrade their home
Mortgage Renewal
Refresh Your Mortgage for Better Rates and Terms
Mortgage renewal is not just renewing your paperwork. It is an opportunity to renegotiate the terms of your contract, such as payment schedule, interest, term, additional payments, frequency of payments, or more. You can check the best mortgage renewal rates in Canada to get the best deal.
Best Suited for
- Those whose mortgage is up for renewal
Equity Takeout
Extract Equity for Financial Freedom
Take advantage of equity accumulated on your property. An equity takeout mortgage is a loan used to ‘take out’ equity on the property for other purposes. Home equity is the difference between the appraised home value and the remaining mortgage amount. You can pull 80-85% of the equity. If a big home renovation project or an investment property is up your alley, an influx of cash can help. Equity takeout refinance is a great option if you choose the right mortgage corporation to help.
Best Suited for
- Those looking to consolidate loans and take advantage of equity on the property
- Those looking to improve or enhance their property portfolio
- Those who want to renovate or upgrade their home
Construction Financing
Build Your Vision with Expert Financing
Build as you like with premium construction financing. If you have purchased land you want to build on or update your existing home, then construction mortgage or builders financing will be helpful for you. As your construction advances and progress, you will receive funds.
The amount changes as per the stages in the construction. If you already own the land, you will get an equity takeout advance. If not, you will get a lump sum to purchase the land.
Best Suited for
- Those planning to construct a home on your existing property
- Those with a piece of land to build/construct a home/second home
New to Canada
Guiding Newcomers to Homeownership in Canada
If you are new to Canada, there isn’t much you can provide in terms of employment, income and earnings, debt-to-service ratios, credit history, and so much more. You might not have any credit history in Canada, irrespective of your Permanent Residency or
Best Suited for
- Newcomers who may not be aware or have an existing credit history in Canada
- New immigrants who are looking to find financial solutions to their first home-buying problems
DEBT CONSOLIDATION
Simplify Your Finances with Debt Consolidation
Debt Consolidation is when you take one loan to pay out existing other loans. Consolidating multiple loans with high interest into one mortgage with a lower interest rate. This easily managed payment as part of the interest will simplify your repayment journey.
Best Suited for
- Homeowners looking to consolidate loans
- Those who want to renovate or upgrade their home
HELOC
Flexible Financing with a Home Equity Line of Credit
HELOC or Home Equity Line of Credit is secured against your home to give you a revolving credit line to use for large expenses like education, healthcare, vacations, home renovation, or to consolidate higher-interest rate debt on other loans. HELOC has lower rates of interest and offers a lot of flexibility.
Best Suited for
- Those looking to leverage home equity
- Anyone looking to make a new investment with a home
Commercial Mortgages
Secure the Right Funding for Your Business Goals
Commercial mortgages differ from residential lending, and there’s a strict set of guidelines and criteria that applies to each niche. Commercial mortgages include properties that are industrial, office, multi-residential or retail. Commercial mortgage renewals need to consider several qualifying factors, including your current business situation, qualifying factors including your current business situation, planned down-payment, debt service coverage ratio and credit history, planned down payment, and credit history.
Best Suited for
- Those looking to secure a commercial loan
- Anyone aiming to make real estate or commercial investments
Purchase & Improvement
Buy, Renovate, and Improve with Seamless Financing
This service is ideal for those looking to purchase a property and fund its renovation. The purchase and improvement mortgage will help buyers fund their renovation dreams. The right mortgage expert will allow lenders to make the right decisions considering the work and the level of job required for the same. This applies to new homeowners and first-time home buyers as well. You can make a single monthly mortgage without accumulating debt in other areas.
Best Suited for
- Those looking to buy and renovate or improve a property
MSO Awaits Your Financial Queries and Goals
Reach out to Mortgage Store Ontario for unparalleled financial guidance. Located strategically to serve you better, our team is just a call, email, or message away.
Address
940 Queensdale Ave E, Hamilton, ON L8V 1N4
Phone
(289) 933-1982
mortgagestoresontario@gmail.com
Working Hours
Monday to Friday: 9am – 5pm
Visit to office on appointment