Home Purchase Mortgage

We Give You Professional Advice

Purchasing a home is one of the largest investments that you will make in your lifetime so it is very important that you are equipped with the right tools and are given the right advice. Whether you are a first time home buyer, New to Canada or simply purchasing an investment property or vacation home, our strategists will make sure you are fully prepared for your closing. When purchasing a new home, the minimum down payment required is based on your current credit rating. You are required to have a credit rating of 680+ in order to put a down payment less than 20%. Additionally, you will be required to purchase mortgage default insurance offered by one the 3 Canadian mortgage Insurers (Canada Mortgage and Housing Corporation (CMHC), Genworth Financial and Canada Guaranty). If your credit rating is poor, you will be required to put a minimum of 20% down payment on your purchase. If eligible for mortgage default insurance, you can put as little as 5% down payment on the first $500,000, 10% on the amount exceeding $500,000 up to $1,000,000. If the property is worth $1,000,000+ it will not be eligible for mortgage default insurance and you will be required to have a 20% down payment. Easy-Mortgage.ca Strategists will educate you on the various government programs and rebates available and calculate all your closing costs in advance.

Purchasing an Investment Property, Second Home or Vacation Property

If you are looking to purchase an investment property, vacation home or a second home, there are several different financing routes you can take. You may want to use equity in one of your existing properties to use as a down payment or to finance through, or you may decide to take out a Home Equity Line of Credit or apply for another mortgage. Either way, lenders have a different qualifying criteria for these properties. The condition and location of the property can often affect your rate. At Easy-Mortgage.ca, we will make sure that your purchase is within your reach.

Get Pre-Approved in Minutes!

Apply Now and one of our mortgage strategists will contact you and get you a purchase pre-approval in a matter of minutes. Getting a pre-approval will help you understand the price range you can qualify for when buying a new home. We can lock in your rate for up to 120 days, this way we can hold your lower interest rate approval even if the rates go up afterwards. We will work with your realtor to make sure you are prepared before putting an offer on your purchase.

New To Canada Mortgage

Our Mission

Our mission is to provide our customers with a quick and easy mortgage experience

Contact Us

3-10200 Yonge St
Richmond Hill, ON L4C 3B6