The first step in the home buying process is to obtain a pre-approval. At this stage, there’s a lot to consider: whether you’ve saved enough for your down payment, what you can afford, advice on the Government of Canada Home ownership Incentives, and more.  So, before your search begins, the first call you should make is to RS Mortgage Solutions. RS Mortgage Solutions will explore the best options for your wants and needs and explain what is required to qualify you for a home.  Every home buyer’s scenario is unique and that’s why we enjoy taking the time to ensure you…

There are a number of good reasons why clients refinance their mortgage: Debt consolidation.       Paying off high interest debts.         Repairing poor or challenging credit.         Home Renovations.         Lowering mortgage rate. These are all great examples of why refinancing your property may be the best option to help alleviate financial burdens. But refinancing isn’t always just about paying off debt.  There are other opportunities you can take advantage of by using the equity from your home, like investing the funds passively or purchasing an investment property, to help grow your financial wealth. With more than…

More and more Canadians are finding that they cannot qualify under the newly imposed stress test and are in search of a different type of mortgage financing solution. This is when a qualified Mortgage Agent can help you explore alternative financial solutions such as an Alternative Lender (also known as a B-Lender).  Clients that tend to have the most difficult time qualifying for a mortgage using a traditional lender are: Self-employed / Non-traditional income Low credit score Not able to meet the Stress Test Not aligned with the GDS/TDS ratios We understand the struggles many will face as traditional financial institutions turn your business away, making…

Having access to over 57 lenders, Robert works extremely hard to ensure that he finds the absolute best mortgage product for your situation. Most of the time it's about finding the best interest rate, but it may also be about finding the best product. So before signing back with your current lender, talk to Robert about reviewing your file so that you can feel confident in knowing you’ve got the best possible option. 

A Reverse Mortgage may be an option for you if you are 55 or older. Many Canadians find that their retirement income isn’t sufficient to support their lifestyle. With the cost of living increasing and managing other expenses, the Reverse Mortgage plan can help you unlock 55% of your home’s value and use those funds to improve your retirement lifestyle.  A Reverse Mortgage can also help pay for home improvements, travel, or to help your children and grandchildren with an early inheritance for an investment of their own. A Reverse Mortgage is tax free money and you will never have to…

Clients look at Private Mortgages for various reasons: Short-term loans Consolidating high interest debts Making a real estate investment Purchasing an unconventional property that a prime lender won't finance Self-employed with an irregular or unsteady income At RS Mortgage Solutions we have access to a number of private lenders across the GTA with competitive rates and terms. Having equity in a home means you can secure a 1st or 2nd mortgage against your property to help with your unique situation.  

Building a home can be a challenging task when you’re not working with the most qualified contractor for the job. This is no different in Construction Loans and working with the best qualified Mortgage Specialist for the job. At RS Mortgage Solutions, we understand that obtaining a loan from a traditional lender may be impossible. That’s why we have a streamlined process that can assist you in saving the most money over the duration of the project.  Whether you are looking at building your dream home, or you find a place that is in need of major renovations to make it…