Services

Mortgages

Mortgages support various needs, from first-time home purchases to accessing home equity or renewing terms. Making informed choices with professional guidance ensures you get unbiased advice suited to your situation.

In challenging times, some homeowners may benefit from extending their mortgage term to lower monthly payments, though this increases interest over time. Others may adjust repayments to stay on track with their original schedule. Consulting a mortgage broker is crucial—they can discuss options with your bank, helping you find a plan that fits your financial needs. Professional advice keeps your mortgage aligned with your goals, offering stability and peace of mind.

How Much Does it Cost?

Mortgage professionals prioritize your best interests, not the banks’. Fees apply only for complex credit solutions, where they can often achieve results that banks cannot.

Many Canadians focus on finding the best initial mortgage but neglect to shop around at renewal, costing them significantly. Simply accepting the first renewal rate from your lender can lead to overpaying on interest. To avoid this, start comparing options four to six months before your term expires, rather than waiting for your lender’s letter. A licensed mortgage professional can help you secure competitive rates, potentially saving thousands. With many borrowers resuming payments post-deferral and facing reduced incomes, it’s crucial to explore all options and avoid the costly mistake of just signing a renewal without negotiation.
Home equity loans offer Canadians affordable borrowing options for renovations, investments, or debt consolidation, typically at lower rates than credit cards. Mortgage life insurance protects your home investment and secures your family’s future by paying off the mortgage in case of a death. Mortgages Montreal’s coverage includes both life and disability insurance, ensuring protection if you’re unable to work due to illness or injury. Unlike traditional bank insurance, it’s portable, retaining coverage even when switching homes or lenders, with stable premiums. Mortgages Montreal professionals provide instant coverage and a 60-day money-back guarantee for added peace of mind.

Commercial Mortgages

Commercial & Leasing

Commercial Mortgages are for businesses and investors to purchase or refinance income-producing properties, offering flexible capital options.

Common commercial mortgage products fund:

  • Income properties
  • Industrial & raw land
  • Multi-residential & office properties
  • Start-ups & bridge financing
  • Self-storage & retail malls
  • Restaurants & debt consolidation

Benefits of Leasing Professionals:

Mortgages Montreal helps structure lease financing for equipment, sale-leasebacks, and other acquisitions. Many of our leasing professionals are also mortgage brokers, providing tailored solutions.
Why Choose Mortgages Montreal?

As a franchise with local ownership, we understand your market and offer efficient, flexible solutions with over 30 lease-funding sources in Canada and the U.S. We simplify approvals, break up large transactions, and remove exposure limits, making equipment acquisition easier.

Self-Employed Solutions

Many self-employed Canadians face challenges when seeking home financing, as their income can appear less stable to lenders. However, Canadian mortgage lenders are increasingly offering programs tailored to the self-employed, making it easier to secure mortgages for primary and vacation homes. Licensed mortgage professionals specialize in helping self-employed individuals access the best mortgage options from major Canadian lenders.

Refinance

Refinancing can help access equity for debt consolidation, home improvements, investments, and more. Many used mortgage repayment deferrals during the pandemic, but with deferrals ending, it’s important to explore options.

Refinancing is beneficial if you plan to stay in your home long-term, offering savings for things like retirement. Mortgage refinancing terms depend on factors like market conditions. If you want to shorten your mortgage term, refinancing is a great option.

The process, including costs for appraisals, insurance, and inspections, is similar to your initial mortgage. Refinancing can lock in lower interest rates for up to five years, providing financial stability.

Retirement

Retirement dreams often involve staying in your home, enjoying family and relaxation. HomeEquity Bank empowers older Canadian homeowners with smart, simple solutions to use their home’s value during retirement.

For 25+ years, CHIP, our reverse mortgage, has helped many homeowners gain financial flexibility without selling or moving. CHIP might be the right choice for you.

CHIP Reverse Mortgage Features:

  • Available to homeowners 55+
  • No payments required
  • No income or credit qualifications
  • Qualify for up to 50% of home value
  • Funds can be received lump sum or over time
  • Maintain home title
  • Tax-free money

Have a Question? Get in touch with us!

Have questions about the services we offer? Our staff are always happy to provide you with the answers you need.
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