Your business is important to us, which is why we stand by our statement! Great Mortgages Made Simple! We are here to offer fast, professional and personal service around your schedule!

• Residential and Commercial Mortgages in Toronto, Barrie, Mississauga, Brampton, Pickering, Oshawa, Ajax, Whitby, Maple, Richmond Hill, Markham, Vaughan, Thornhill, Aurora, Newmarket, etc...
• Mortgages for Vacation Homes
• New Immigrant Financing, Multi Unit Residential, Private funds and financing
• Self Employed and Commissioned buyers.
• First Time Home buyers: taking you through the process, step by step.
• Refinancing options: renewals, home improvements, debt consolidation.
• Bankruptcy and Credit Challenges.
• Cashback options available.
• Second Mortgages; Home Equity Loans and Lines of Credit.
• Rate holds up to 120 days.

Determine your needs.

Review the features and amenities that you desire in a home.

Investigate the areas you would prefer to buy in and determine which locations you like the most.

Determine whether you would prefer to purchase a new home or a resale.

Examine your asset base and establish the size of your downpayment.

Complete a budget for yourself to determine the maximum monthly mortgage payment you can afford. (Don?t forget to allow for property taxes, heat, insurance, etc?)

Many people ask what to allow for closing costs. A common estimation of costs suggests to allow between 1.5% and 2% of the purchase price.

Contact your Oriana Mortgage consultant to obtain pre-qualified mortgage financing.

Outline the amount and source of your downpayment and how much you can afford in monthly mortgage payments.

Complete an application for pre-qualification.

Your Oriana Group Consultant will examine your income and liabilities in conjunction with the lending institutions guidelines and policies.

Now is a good time to determine whether your mortgage will be conventional (maximum mortgage amount is 75% of the purchase price) or high ratio (CMHC insurance required, and downpayment is a minimum of just 5%).CMHC insurance may also be required for a property that does not meet lender guidelines. Please refer to the attached appendix for an outline of current CMHC policies.