Ottawa Mortgage Services
Comprehensive mortgage solutions for Ottawa homebuyers, refinancing, and investment properties
From first-time home buyer programs to commercial mortgages, our licensed mortgage broker offers competitive rates and expert guidance for all your Ottawa real estate financing needs.
First-Time Home Buyers
Step-by-step guidance for new buyers
Key Benefits:
- Down payment assistance programs
- Pre-approval with competitive rates
- Educational support throughout the process
How much do I need for a down payment?
For homes under $500,000, you need just 5% down. For homes over $500,000, you need 5% on the first $500,000 and 10% on the remaining amount. I can help you explore down payment assistance programs to reduce this requirement.
Refinances
Lower your rate or access equity
Key Benefits:
- Access to lower interest rates
- Cash-out options for renovations or investments
- Debt consolidation opportunities
When should I consider refinancing?
Consider refinancing when rates drop significantly, you need access to equity, or want to consolidate high-interest debt. I can analyze your current mortgage and determine if refinancing makes financial sense for your situation.
Reverse Mortgages
Options for retirement freedom
Key Benefits:
- Access home equity without selling
- No monthly mortgage payments required
- Flexible payout options available
Who qualifies for a reverse mortgage?
You must be 55+ years old, own your home outright or have significant equity, and live in the property as your primary residence. The amount you can borrow depends on your age, home value, and current interest rates.
Debt Consolidation
Combine payments and reduce interest
Key Benefits:
- Lower overall interest rates
- Simplified single monthly payment
- Improved cash flow and credit score
How much can I save with debt consolidation?
Savings depend on your current debt interest rates and mortgage rate. Many clients save 50-70% on interest payments by consolidating high-interest credit cards and loans into their mortgage at a much lower rate.
HELOCs
Access home equity flexibly
Key Benefits:
- Flexible access to funds as needed
- Interest-only payment options
- Competitive variable interest rates
What can I use a HELOC for?
HELOCs are perfect for home renovations, investment opportunities, education expenses, or emergency funds. You only pay interest on what you use, making it a flexible and cost-effective borrowing solution.
Renewals
Secure a better rate before your term ends
Key Benefits:
- Rate shopping across 50+ lenders
- Negotiation leverage for better terms
- Switch lenders without penalties
When should I start the renewal process?
Start 120 days before your renewal date. This gives us time to shop rates, negotiate terms, and potentially switch lenders if needed. Early preparation often results in better rates and terms.
Not Sure Which Service Is Right for You?
Every situation is unique. Let's discuss your goals and find the perfect mortgage solution tailored to your specific needs and financial situation.