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Helping You Secure Your Financial Future —
Mortgages, Investments & Insurance Tailored to You
"Where TRUST Grows, Business Begins – RP"
RESIDENTIAL MORTGAGES
Residential mortgages are loans provided by banks, credit unions, or licensed mortgage brokers to help individuals or families purchase or refinance a home. These loans are secured against the property and are a key component of homeownership.
✅ Why Work With A Mortgage Broker?
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Access to multiple lenders and mortgage products, not just one bank
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Help securing competitive rates and favorable terms
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Personalized guidance based on your financial goals and credit profile
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Simplified application process with expert support every step of the way
A broker works in your best interest to save you time, stress, and money.
✅ Types of Mortgages:
🔁 Variable-Rate Mortgages
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Variable-rate mortgages, also known as adjustable-rate mortgages, are tied to a lender’s prime lending rate. As interest rates fluctuate—often in response to Bank of Canada decisions—your mortgage rate (and possibly your payment amount) will also change.
✅ Why Choose a Variable Rate?
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Potential for lower overall interest costs: Historically, variable rates have averaged lower than fixed rates over the long term, especially in a balanced or declining interest rate environment.
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Greater flexibility for short-term investors: Variable-rate mortgages are often ideal for real estate investors or short-term property owners who don’t plan to hold the property for the full 5-year term.
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These borrowers may benefit from lower break penalties compared to fixed-rate mortgages if they sell early.
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More responsiveness to market changes: If interest rates decline, borrowers with variable rates may see immediate savings in their monthly payments or increased principal repayment.
⚖️ Considerations:
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Payments may rise if rates increase, so borrowers must be comfortable with some degree of risk.
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Some lenders offer variable-rate mortgages with fixed payments, where the payment stays the same, but the amount applied to interest vs principal fluctuates.
🔒 Fixed-Rate Mortgages
A fixed-rate mortgage is a loan where the interest rate remains unchanged for the full term of the mortgage—typically ranging from 1 to 5 years, though some lenders offer up to 10 years.
✅ Why Choose a Fixed Rate?
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Predictable payments: Your interest rate and monthly payments remain the same throughout the term, making it easier to budget and plan long-term.
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Protection from rate increases: In a rising interest rate environment, fixed rates provide security and stability.
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Peace of mind: Many first-time homebuyers or conservative borrowers prefer the certainty that comes with fixed payments.
⚖️ Considerations:
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Fixed-rate mortgages may come with higher prepayment penalties if you break your mortgage early.
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The initial interest rate may be higher than variable rates in certain market conditions.
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Less flexibility in taking advantage of falling interest rates.
PURCHASE
Getting a mortgage is one of the most important steps in buying a home in Canada. It typically means borrowing funds from a lender to finance the purchase of a residential property. Whether you're a first-time homebuyer or moving into your next property, understanding the process can save time, money, and stress.
REFINANCE
Refinancing your mortgage in Canada involves replacing your current home loan with a new one—typically to secure a lower interest rate, improve mortgage terms, or access built-up home equity. This strategic financial move empowers Canadian homeowners to better align their mortgage with changing goals, life circumstances, or market conditions, helping them save money, reduce debt, or unlock investment opportunities.
RENEWAL
Mortgage renewal in Canada refers to the process of extending or renegotiating the terms of your existing home loan once your mortgage term comes to an end. Unlike refinancing—where you replace your mortgage entirely—a renewal allows you to keep your current mortgage balance while either renewing with your existing lender or switching to a new lender offering better rates or terms.
💡 Mortgage Insight: Fixed or Variable Rate?
There's No One-Size-Fits-All
The right mortgage choice depends on your financial goals and the market conditions at the time you apply. That’s why speaking with a qualified mortgage and financial advisor early on can make all the difference.
📌 Let’s find the option that works best for you.
FIRST TIME HOME BUYER INCENTIVE
The First-Time Home Buyer Incentive (FTHBI) is a federal program introduced by the Government of Canada to help eligible first-time buyers reduce their monthly mortgage payments without increasing their down payment. Administered by the Canada Mortgage and Housing Corporation (CMHC), this program allows qualified homebuyers to access a shared equity mortgage, where the government contributes 5% or 10% toward the purchase of a newly built or existing home. By lowering the overall mortgage loan amount, the FTHBI helps first-time homebuyers in Canada achieve homeownership with greater affordability and less financial strain.
A first-time home buyer mortgage in Canada is specifically designed to support individuals who are purchasing their first property—or those who haven’t owned a home in several years. These mortgage solutions often come with access to special incentives, government programs, and flexible qualification criteria aimed at helping new buyers overcome financial barriers such as high down payments or limited credit history. With the right mortgage strategy, first-time homebuyers can make homeownership more accessible, affordable, and sustainable—whether buying a condo, townhouse, or single-family home.
FIRST TIME HOME BUYER
SPOUSAL BUYOUT MORTGAGE
A spousal buyout mortgage is a specialized mortgage solution designed for individuals going through a divorce or legal separation who wish to retain sole ownership of a jointly owned property. This type of loan allows one spouse to buy out the other’s share of the home by refinancing the mortgage and using the available home equity to cover the buyout amount. Commonly used during family law settlements, a spousal buyout mortgage helps ensure a smoother transition by allowing one party to stay in the home while resolving financial obligations. This option is especially beneficial in Canada, where family property division laws often require equitable distribution of assets during separation.
TOTAL NETWORTH PROGRAM
The Total Net Worth Mortgage Program is a tailored financing solution designed for high-net-worth Canadians who may not meet traditional income verification requirements but possess substantial liquid or non-liquid assets. This program allows individuals to leverage their total net worth—including investments, savings, and real estate equity—to qualify for larger mortgage amounts. Ideal for self-employed professionals, retirees, or those with complex financial portfolios, the Total Net Worth Program provides greater flexibility by focusing on overall financial strength rather than just income. It’s a strategic path to homeownership or investment for clients with significant assets who seek alternative mortgage qualification in Canada.
SELF-EMPLOYED
NEWCOMERS TO CANADA
A self-employed mortgage is specifically designed for individuals who run their own business, freelance, or earn income through non-traditional sources. Unlike conventional mortgage applications that rely on consistent, salaried income, self-employed borrowers often have fluctuating earnings or complex financial profiles. These mortgage solutions are tailored to accommodate the unique income structures of entrepreneurs, contractors, and gig workers, allowing them to qualify for competitive mortgage financing even without standard income documentation. In Canada, self-employed mortgage programs provide flexible qualification options using business income, stated income, or bank statements to verify financial capacity.
A New to Canada mortgage program is specifically designed to help newcomers and recent immigrants establish themselves financially through homeownership. Recognizing the unique challenges faced by those new to the country—such as limited credit history or non-traditional employment—this program offers flexible qualification criteria, including options for alternative credit verification and low down payment solutions. Tailored to support the transition into Canadian life, New to Canada mortgages make it easier for permanent residents, and new citizens to secure financing and begin building equity in their new home.
HYBRID MORTGAGE
A hybrid mortgage—also known as a combination mortgage—blends the features of both fixed-rate and variable-rate mortgages. This type of home loan provides borrowers with the stability of fixed payments on a portion of the mortgage, while allowing them to benefit from the potential cost savings of variable interest rates on the remaining portion. Hybrid mortgages are designed to offer greater flexibility and help mitigate the risks associated with interest rate fluctuations. In Canada, they’re a smart choice for homeowners who want to balance rate predictability with the opportunity to take advantage of lower market rates.
SECOND MORTGAGE
A second mortgage is an additional loan secured against a property that already has an existing first mortgage. It enables Canadian homeowners to tap into the equity they’ve built up in their home to access funds for a variety of purposes—such as home renovations, debt consolidation, investment opportunities, or other major financial expenses. Second mortgages are a strategic way to unlock the value of your home without selling it, offering flexible financing for those with sufficient equity and a strong repayment plan.
PRIVATE MORTGAGE
Private mortgages in Canada are alternative financing solutions offered by individual investors or private lending companies, rather than traditional banks or credit unions. These mortgage products are specifically tailored for borrowers who may not qualify for conventional financing due to poor credit, limited income verification, or unique financial situations. A private mortgage is typically a short-term solution, often used for bridge financing, debt consolidation, or non-traditional real estate deals. Because of the higher risk, private lenders focus heavily on the borrower’s exit strategy—how they plan to repay or refinance the loan at the end of the term. This type of mortgage offers fast approvals and flexible terms, making it an option for those needing quick access to home equity.
OPEN MORTGAGE
An open mortgage is a flexible type of home loan in Canada that allows borrowers to repay the mortgage in full or make additional payments at any time without incurring prepayment penalties. This mortgage option is ideal for individuals who anticipate having the ability to pay off their loan early—whether through a bonus, inheritance, or other financial windfall. Open mortgages are typically offered with shorter terms and may carry slightly higher interest rates compared to closed mortgages, reflecting the added flexibility. For homeowners seeking freedom and early payout options, an open mortgage provides valuable financial agility.
PURCHASE PLUS IMPROVEMENT MORTGAGE
A Purchase Plus Improvements mortgage is designed for homebuyers who want to finance both the purchase of a property and the cost of planned renovations or upgrades through a single mortgage solution. This specialized mortgage allows buyers to borrow additional funds to cover improvements—such as kitchen remodels, new flooring, or essential repairs—making it easier to buy a home that may need updates. Popular among Canadian buyers looking for fixer-uppers, this option provides the flexibility to customize a property right from the start, while maintaining one convenient mortgage payment.
HOME EQUITY LINE OF CREDIT (HELOC)
A HELOC is a revolving line of credit secured against the equity in your home. It allows Canadian homeowners to borrow funds as needed, up to a pre-approved credit limit, and repay over time—similar to how a credit card works. However, because a HELOC is secured by your property, it typically comes with lower interest rates compared to unsecured credit. This flexible financing option is ideal for home renovations, emergency expenses, investment opportunities, or debt consolidation, giving you access to funds when you need them while only paying interest on the amount you actually use.
A reverse mortgage is a specialized home financing solution available to Canadian homeowners aged 55 and older, provided the lender is federally regulated. It allows borrowers to access a portion of their home’s equity in the form of tax-free cash, while continuing to live in their primary residence. Unlike traditional mortgages, no monthly mortgage payments are required—repayment is deferred until the home is sold, the homeowner moves out, or passes away. While most reverse mortgage products have a minimum age requirement of 55, some private lenders may offer more flexible options with no age restrictions. Reverse mortgages are ideal for retirees looking to supplement their income, fund lifestyle needs, or manage unexpected expenses without selling their home.
REVERSE MORTGAGE
MORTGAGE DISABILITY INSURANCE
Mortgage disability insurance is a specialized protection product designed to cover your mortgage payments if you become disabled and unable to work due to illness or injury. During periods of disability, this insurance ensures your monthly mortgage obligations are met, helping you maintain your home and avoid financial strain. By safeguarding your most valuable asset, mortgage disability insurance provides critical peace of mind and financial security, allowing you to focus on recovery without the added burden of missed payments or potential foreclosure.
MORTGAGE PROTECTION
INSURANCE
Mortgage protection insurance is a type of protection that pays off the remaining balance of your mortgage if the borrower passes away during the term of the loan. This ensures that surviving family members or dependents can retain ownership of the home without the financial burden of continued mortgage payments. Typically offered by lenders and major banks at the time of mortgage closing, this coverage provides peace of mind—but it's important to compare it with term life insurance, which may offer lower premiums and broader coverage tailored to your overall financial needs. Choosing the right solution depends on your health profile, budget, and long-term goals.