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F Every mortgage we do is unique and customized to meet your financial needs - no mortgage is ever the same. Below, you'll find a list of our most common mortgage examples. Still have questions? Come talk to us, we'd love to chat about your mortgage options.
5% Down PaymentOwning a home is easier than you think. Many qualified Canadians have an opportunity to own a home with as little as 5% down payment.
Cashback EquityAs we said earlier, no two mortgages are ever the same. We're able to work with a diverse group of individuals. Some home buyers have an excellent credit history but have not yet saved the required down payment. Others have used their savings to build assets in different ways. We are delighted to work with both groups. Family AssistanceInterested in helping a loved one? Family based mortgages enable people to help buy a home for immediate family members who have good credit but lack the income to meet standard GDSR/TDSR requirements.
Options for New CanadiansNow qualified homebuyers who have immigrated or relocated to Canada can qualify with as little as a 5% down payment.
RefinancingBecoming more and more popular, refinancing enables borrowers to take equity out of their homes for a variety of purposes, including asset enhancement, debt consolidation, combining a first and second mortgage, or renovations.
Second HomesWe know that today's busy lifestyle requires more home ownership options - whether it's a second home in the city to reduce that weekly commute, or a cottage at the lake for weekend getaways. With our Vacation/Secondary Home Program, Canadians can now purchase a second home with an affordable monthly payment with 5% down payment. Premiere Mortgage Centre can assist up to 95% LTV for purchase and 90% for refinance, to qualified homebuyers allowing second mortgages to be registered against the property.
Self EmployedThis program is designed for self-employed borrowers who are unable to provide traditional income verification but have a proven 2-year history of managing their credit and finances responsibly. Eligible borrowers typically own a small size business for a minimum of two years, which can be confirmed via a third-party arms length document. In addition, the borrower is required to declare their annual income, which should be reasonable based on the industry, length of operation and type of business. Turnkey MortgagesNot all mortgages are for pre-existing houses! This program lets residential home builders and individual home buyers take advantage of progress advances while the property is being built.
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