Finding the perfect spot you want to live in is difficult. But it's even more important to find the proper financing options on how to purchase a home in the chosen place. Our expert mortgage agent in Richmond Hill is always available to support you and help you realize your dream and get your desired home. Here are the top reasons why you should trust Everything Mortgages:
Access a broad network of lenders to find the best mortgage rates and terms.
Choose from various down payment plans tailored to fit your financial situation.
Save money over the life of your loan with our competitive interest rates.
Benefit from our thorough evaluation of your income to secure the best mortgage terms.
Get customized mortgage programs made to fit your particular requirements.
Examine any tax advantages linked to your mortgage to optimize your savings.
Our desire to achieve is fueled by the impact we create, not by the loan we obtain. We work hard to help you become mortgage-free sooner and create wealth more quickly, whether you’re a first-time home buyer, a small company owner searching for a better option, or a diligent professional trying to get out from under high-interest debt. Our drive to achieve comes from the individuals who would otherwise be ignored, rejected, or denied. We want to make sure they get a chance to get a mortgage in Richmond Hill.
Selecting Everything Mortgages means choosing a streamlined, stress-free mortgage application procedure. Our team works diligently to acquire the best rate and loan choice from over 35 lending institutions, and you can get started in minutes with our online application. We have a track record of closing more than 5,000 mortgages, so we can handle the challenges of alternative lending with confidence.
Starting your mortgage journey in Richmond Hill is a challenging yet important and rewarding choice. We are here to help you out and make sure you succeed. Contact us to start your journey with us!
A newer detached home in Oak Ridges or Jefferson often sits close to or above the $1.5 million insured mortgage ceiling, while a resale bungalow near Mill Pond usually still qualifies for standard insured financing with a smaller down payment. Bayview Hill’s larger estate properties frequently fall into conventional, uninsured territory altogether.
Condos and townhomes around Langstaff and the Richmond Hill GO corridor come with their own qualifying step: a review of the building’s status certificate and reserve fund. If you’re weighing a purchase just south in Markham instead, our mortgage broker in Markham page walks through that market’s pricing and condo rules.
Ontario’s insured mortgage rules set the minimum down payment at 5% on the first $500,000 of a purchase price and 10% on the portion above that, up to the $1.5 million insured ceiling. On a $900,000 Richmond Hill home, that’s $25,000 on the first $500,000 plus $40,000 on the remaining $400,000, for $65,000 total, not the $45,000 a flat 5% calculation would suggest.
Once the purchase price clears $1.5 million, common for larger homes in Bayview Hill and parts of Oak Ridges, CMHC insurance is no longer available and lenders require at least 20% down. We run these numbers with buyers before they write an offer, not after.
Every file is different, so we match Richmond Hill buyers and owners to the lender that fits their situation:
Bank statement and add-back reviews for business owners whose tax returns understate their real income.
Access to lenders who look past a low score at your income, equity and current situation.
A second look at your rate and equity before you sign a renewal offer or take on a reno.
Faster approvals for income types and debt ratios that don’t fit a big bank’s rules.
Amy Asadullah
Toronto, Ontario
A++++.
I had the pleasure of working with Manzeel at Everything Mortgages. After dealing with 2 other brokers, Manzeel made this purchase happen for me and my family. He has been professional, approachable and sincere. I couldn’t be happier and highly recommend him.
Hovig Tchaderian
Toronto, Ontario
I was extremely pleased with the service I received!! The communication from start to finish could not have been any better.
I would recommend the whole team for anyone that’s looking for a mortgage!!
Thanks again!
Sarah Paul
Toronto, Ontario
My experience with Everything Mortgages was excellent. My mortgage broker was very knowledgeable, professional, and personable. Also, the process was smooth and uncomplicated. I would recommend Everything Mortgages for any type of buyer, new or seasoned, residential or commercial.
Varun Kalia
Canada, Toronto
Manzeel and his team at Everything Mortgages are fantastic! Buying a house can be quite an ordeal but these guys made it stress free and painless. Not only did they take the time to answer all the questions I had but they were also respectful and diligent in keeping me informed through out the closing process. They were mindful of my time and worked around my schedule. It was an excellent experience from end to end. I highly recommend them for anyone in need of a mortgage. Thanks Manzeel and team!
Rahee G
Canada, Toronto
My experience with Everything Mortgages was excellent. Manzeel and his team are best in class. They were very professional and really simplified the process for me. I would recommend Everything Mortgages for everyone!
Melissa Emond
Toronto, Ontario
I’ve personally dealt with Everything Mortgages for years now and they have done many transactions for me (purchases and refinances). They are competitive, tech savvy, and trustworthy. I highly recommend them for all your mortgages needs.
Yes. We use bank statements and add-back calculations to show your real cash flow, and some lenders will work with one year of returns if the rest of the file is strong.
Yes, through our B-lender and private network, which weighs your income and equity more heavily than your score, though the rate usually runs higher until your credit recove
When your current rate sits well above today’s, or you need equity for a renovation before your term ends. Breaking early carries a penalty, so we check whether the savings outweigh it first.
B-lenders are regulated institutions with more flexibility than a bank on income type. Private lenders move faster and lend mainly against your home equity, at a higher rate.
Yes, most lenders accept a gift from an immediate family member with a signed letter confirming it doesn’t need to be repaid, and we’ll confirm what documentation your lender needs.