Our Services
Advantageous and flexible mortgage products are becoming increasingly accessible over the years. That’s why Équipe Hypothécaire offers a range of mortgage services tailored to your short and long-term needs. This allows you to make well-informed financing decisions.
Paid entirely by financial institutions, our brokers inform and advise on financing solutions and loan terms, according to your situation. Whilst preparing you for and involving you in the mortgage process, our team excels at supporting you.
Our Services
Advantageous and flexible mortgage products are becoming increasingly accessible over the years. That is why Équipe Hypothécaire offers a range of mortgage services tailored to your short and long-term needs. This allows you to make well-informed financing decisions.
Paid entirely by financial institutions, our brokers inform and advise on financing solutions and loan terms, according to your situation. Whilst preparing you for and involving you in the mortgage process, our team excels at supporting you.
PRE-APPROVAL
NEW PURCHASE
RENEWAL
REFINANCING
MULTI-HOUSING UNITS
ALTERNATIVE CREDIT
EQUITY PROGRAMS
SELF-EMPLOYED WORKERS
PRE-APPROVAL
Pre-approval is a crucial step in the mortgage process, as it allows you to obtain a formal letter of financing, accelerate the financing process at the time of purchase and increase your negotiating power. Even before the official loan is granted, the Équipe Hypothécaire informs you about the available options and makes you aware of the various mortgage products, therefore anticipating time constraints.
NEW PURCHASE
The purchase of a property is an important investment that must be planned financially. This is why the choice of mortgage should be made considering all the possibilities offered in the market. Looking beyond your borrowing capacity and the Beacon Score, Équipe Hypothécaire offers you different scenarios based on the purchase value of the intended properties as well as your budget. The use of concrete tools allows a precise visualization of the appropriate purchase price according to your needs. This ensures your financial health in the short and long terms.
For an eventual property purchase, pre-approval is recommended. in order to prepare the implementation of financial strategies and to fully understand the mortgage products available.
RENEWAL
Renewal is an important step, as it allows you to review the financing terms of your mortgage without penalty and to compare the options offered by different financial institutions, based on your new mortgage balance. At this stage, you can make the desired changes without necessarily having to refinance: consolidate your margin at a reduced rate, transfer your loan or review your mortgage balance or amortization balance. Équipe Hypothécaire is a trusted ally in developing strategies to reduce your rate and cover the full cost of your transaction.
REFINANCING
A refinance allows you to change the characteristics of your loan, such as the mortgage balance, amortization or the registration of a credit line. Depending on your situation and on team’s recommandations, refinancing offers you the possibility to review your financing conditions before the end of your term. Équipe Hypothécaire provides you with adequate and transparent advice to avoid notary fees. By strategically targeting certain lenders that partially or fully cover notary and appraisal fees, you will save on your transaction.
MULTI-HOUSING UNITS
Multi-housing unit projects require special attention, as standards and funding arrangements vary depending on the building’s category: 4 units or less, 5 to 8 units or 8 units and more. In all cases, our mandate is to advise you and enlighten you on the various financing opportunities, particularly through our calculating tools of the various lenders.
ALTERNATIVE CREDIT
Alternative credit is available to borrowers who do not meet the qualification criteria for standard mortgage financing. The establishment of a trust bond between our brokers and you is a priority for sharing confidential information that could impact your financing. In an alternative credit situation, all our resources are used to redress your credit and obtain standard financing conditions.
EQUITY PROGRAMS
With some lenders, it is possible to acquire or refinance a property with a down payment or an equity gain of a portion of the property’s market value. Not requiring any income confirmation, the equity program aims to ensure that income approval is not taken into account or that it is more flexible when you have sufficient equity at the time of purchase or on your property. Our team will then refer you to the lenders whose financing options best suits your needs.
SELF-EMPLOYED WORKERS
A mortgage is conditional on two things: the borrowing capacity and the Beacon Score. Self-employed workers are sometimes constrained in their borrowing capacity, as only reported income is considered in a funding application. In this situation, our brokers will explain the tax strategies available to you and direct you to the lender best suited for your application.
FAQ
Whilst dealing with a mortgage broker, you will be aware of the most advantageous financing offers and get objective information about the financial products available in the market. Our role will be to guide you and negotiate financing options for your project, at the best rate and on the best terms for your situation.
Depending on your preferences and risk tolerance level, a variable rate gives you the advantage of being lower, however, it is directly affected by fluctuations in the Prime rate. A variable rate could therefore increase at any moment in time. A fixed-rate will protect your rate for the term of your mortgage, however, it will be a little higher.
The first step to buying a house is to consult a mortgage professional to assess your purchasing power and determine your needs. Afterwards, it is recommended to obtain a pre-approval for the amount of money needed for your purchase. Real estate agents are increasingly asking this before proceeding with any transaction.
- A score higher than 680 is considered good for a mortgage;
- A score between 650 and 680 is considered average;
- A score of less than 650 is normally analyzed on a case-by-case basis.
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