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Mortgage Broker Serving Vaughan and Thornhill
Vaughan’s Mortgage Broker of Choice — Your Mortgage Lady
Our staff is proud to offer the residents of the area professional help and advice. We have years of experience in the property mortgage market. Our knowledge of the industry has saved our clients thousands of dollars in reduced rates and in avoided costs. Our service is quick but personalized.
WE DO WHAT IT TAKES
Closing your mortgage at best possible rate and hassle free.
TRANSPARENCY
We have your financial interests in mind.
WE ANSWER OUR PHONES
We are a call away every step of the way.
LOWEST RATES
Offer lowest rates or will match existing offer.
Access to Dozens of Lenders
Because we have access to dozens of mortgage providers, we can negotiate that best interest rates for you. We take the time to get to know you. We’ll discuss your lifestyle requirements and your future financial plans.
Once we understand what you want, we can find you a mortgage to suit your needs. We’ll save you time and money. We fill in the paperwork, cover the credit requirements and then find a match.
Featured Rates
| Lender | Rate | Term | |
 |
Lendwise | 1.59% | 5-Year |
 |
First National Financial | 1.69% | 4-Year |
 |
RMG Mortgages | 1.54% | 3-Year |
 |
Meridian Credit Union | 1.54% | 2-Year |
 |
TD Bank | 1.84% | 1-Year |
| Term | Rate |
| 5-Year Variable | 1.15% ( prime – 1.3% ) |
| 3-Year Variable | 0.99% ( prime – 1.46% ) |
| Type | Rate |
| HELOC | 2.85% ( prime + 0.4% ) |
| Type | Rate |
| Line of Credit | 2.85% ( prime + 0.4% ) |
| Equity Loans | Starting at 5.99% |
| Private Mortgages | Starting at 4.99% |
Client Testimonials
WE OFFER UNIQUE MORTGAGE SOLUTIONS FOR EACH CLIENT
Irrespective of the mortgage product you need, and whether you are a first-time homeowner or seeking a second mortgage, you can count on us to help you choose a product that suits you best.
Residential Mortgages
Residential Mortgages
At Your Mortgage Lady, we understand that buying a home is one of the most important decisions in your life. Our reliable mortgage broker serving the Scarborough area will help you choose the right mortgage product. We will take the time to assess your financial situation to secure the best mortgage deal for you. A residential mortgage is a long-term financial commitment. You don’t just need the lowest mortgage rates in Scarborough; you need the appropriate mortgage product.
We do not adopt a one-size-fits-all approach when handling our clients. We understand that every client has unique needs; we personalize our services and solutions to meet a client’s unique needs. We provide not only excellent customer service but also offer competitive rates. It is more challenging to secure a mortgage in Canada, given the recent policy changes. For you to qualify for a mortgage, you have to pass a mandatory stress test. This test applies to all applicants who seek a first-time mortgage or a refinance from a federally owned bank.
You can only qualify for a residential mortgage if it’s evident that you can afford to make payments as per the Bank of Canada’s set standards. Along with helping you find a suitable mortgage, Your Mortgage Lady’s residential mortgage brokers provide easy pre-approvals and unmatched advice on Canadian mortgage rates. We have an intimate understanding of the city’s housing market and mortgage rates. Our agents will help you take advantage of opportunities in your local real estate market.
First Time Homeowners
First Time Homeowners
Diving into the world of homeownership is one of the biggest milestones in your life. When buying your first home, you want to ensure that you make the right decisions. With the help of our reliable mortgage brokers, buying your first home in Scarborough does not need to be overwhelming. An agent will help you explore the mortgage options available and provide you with the right advice and guidance. Your Mortgage Lady has helped countless first-time homebuyers to make the right mortgage decisions to suit their needs and budgets. We will make the process of acquiring your first home simple and straightforward.
We will simplify the first-time mortgage process by helping you understand the pre-approval, deposit, home inspection, appraisal, down payment, closing costs, and beyond possession. Before you start looking for homes, it is important to understand what you can afford. For a pre-approval, lenders consider several factors like your income and credit history. Our mortgage brokers will make your shopping experience seamless by securing pre-approvals from our extensive list of lenders. Take the first step towards homeownership – contact us.
Refinancing
Refinancing
When you pay down your mortgage over time, you build equity in your home. You can borrow against this equity when you need money to fund large expenses. Refinancing involves taking a new mortgage to replace the current mortgage. You can choose to refinance with your current lender or choose a different one. The new mortgage could be the same amount or larger than your current mortgage. A refinance gives you the option of borrowing more cash, changing the mortgage conditions, and negotiating for new rates.
A mortgage refinance is different from a mortgage renewal. You can only renew a mortgage at the end of a mortgage term. You can refinance your mortgage during or at the end of the current mortgage term. Some of the reasons why you may need to refinance your mortgage are to take advantage of lower interest rates, access the equity in your home, and consolidate your debt.
Our Scarborough mortgage brokers make it easy for clients to get the most favourable mortgage refinancing rates in Canada. Our extensive network of lenders enables us to shop for the most affordable mortgage refinance rates in Canada, most of which are exclusive to Your Mortgage Lady clients. Take advantage of the equity you have built-in your home to fund your expenses through a mortgage refinance loan.
The Second Mortgage
The Second Mortgage
A second mortgage is an additional mortgage that you take out on a property that you are already making mortgage payments towards. You could take out a second mortgage for several reasons like unexpected expenses, home renovations and improvements, and to pay off high-interest debt. A second mortgage allows you to borrow larger amounts than what you would access through a personal loan. In most cases, you can borrow up to 80% of your home’s value. Compared to personal loans and other types of financing, second mortgages attract lower interest rates.
Before taking a second mortgage, you should ensure that you have gathered enough equity in your home. You also need to identify the right lender. Our mortgage brokers will take the time to understand your unique circumstances and recommend the best solution. A second mortgage subjects you to the risk of foreclosure if you fail to make the payments on time. You should only take a second mortgage if you can make the extra payments comfortably.
At Your Mortgage Lady, we have helped thousands of homeowners in Scarborough to acquire second mortgage loans, helping them leverage their home equity to finance their dream homes. With our large network of private and institutional lenders, we will help you acquire a second mortgage at a more favourable rate than you would get from your local bank.
Private Mortgages
Private Mortgages
A private mortgage is a short-term secured loan that typically runs for six months to three years. The borrower makes monthly payments that only cover the interest while the principal amount is recovered at the end of the loan term. Many conventional banks employ stringent lending criteria; most applicants do not meet their requirements. Private lenders have seized this opportunity in the market.
Unlike conventional lenders, private lenders consider more than an applicant’s credit history. They mainly focus on the value of the property the buyer will use to secure the loan — other factors that private lenders consider include income, down payment, and equity for refinancing. Even if a private mortgage is more expensive, it saves the day in many circumstances when traditional lenders will not approve you for a mortgage. With a private mortgage, you don’t have to wait through the long approval process. Private mortgages are suitable for self-employed persons who, despite having the ability to repay a mortgage, find it challenging to prove their income to prime lenders.
Accessing a private mortgage is not difficult. However, you should prepare before you apply. For instance, you should pay your existing debt, ensure a stable income, and build your funds to enable you to make a down payment. Our mortgage brokers will match you with the best private mortgage lenders in Scarborough.
Commercial Mortgages
Commercial Mortgages
Since commercial mortgages involve businesses rather than individuals, they are more complicated than residential mortgages. If you are looking for a commercial mortgage in Scarborough for a property like a warehouse, factory, or other plants, Your Mortgage Lady has extensive experience in commercial mortgages. We are leaders in commercial and industrial mortgages in Scarborough. You can count on us for financing on properties of all sizes, be it warehouses or factories.
Compared to residential mortgages, commercial mortgages have higher interest rates and a longer approval process. A mortgage broker can streamline the application and approval process for your commercial mortgage, irrespective of the amount. We will provide you with the maximum savings possible by helping you secure an excellent deal. Our experienced team of agents and commercial mortgage brokers simplify the intricate commercial mortgage application process. We will guide you and help you complete every transaction.
Consult your broker
...and yet they cost you NOTHING. The lender pays the broker’s fee.