REALTY LEADERS Ltd. Smart Real Estate!
Your Real Estate LEADERS to SUCCESS!

CENTUM Freeland Mortgage Group Inc.


"Knowing others is intelligence; knowing yourself is true wisdom. Mastering others is strength; mastering yourself is true power. - Lao Tzu"

MORTGAGES | COMPETITIVE RATES |  LINE OF CREDIT | CONSOLIDATION LOANS | RE-FINANCING | MORTGAGE RENEWAL | CONSTRUCTION LOANS | BUSINESS LOANS | GET YOUR OWN MORTGAGE BROKER | COMPARE RATES & CONDITIONS OF 20+ LENDERS
 
FAST PRE-APPROVALS  CUSTOM MORTGAGES  LOWEST RATES  LOANS from 50,000.00 to 500,000,000.00
   
Always looking out for your best interest
At Centum Canada, the best rates are being successfully delivered for tens of thousands of satisfied clients for nearly a decade.
 
Get Lowest Rates, Fast Approval & Personalized Custom Service!
 
Cell. 416-850-2130 
 
 
Economic indicators can change quickly,  and we can determine which mortgage can be best suited for your personal situation and advise you about present market conditions and economic indicators. We keep you up to date with the latest mortgage options, news and changes. We can help you benefit and even save money on your next mortgage or renewal.
Share our services and information with others you may know, who would like to learn more, so they can too, make fully informed mortgage decision, choose the lowest rates and right mortgage their custom circumstances.
 
 
 
 
INVESTMENT MORTGAGES - CHANGES
 
Some changes: Approximate 4 out of 5 lenders no longer entertain 80% mortgages on rental properties... particularly for Condominium Apartments. Lenders would now mostly advance mortgages between 65-75% of the properties value, with interest rate premium.  Also, the underwriting criteria for mortgaging investment properties can be significantly different from lender to lender. "Equity mortgages" are no longer allowed. These mortgages were for borrowers that have a large amount of cashable assets but little monthly income. New mortgage regulations insist that all lenders need to clearly document the ability of the borrower to pay monthly obligations with their monthly income regardless of how much money they have or assets they own. Having a lot of assets or cash, but little or no documented income, no longer secures a mortgage in Canada. This is where our expertise is crucial in guiding potential investors through their best mortgage options.
 
THE QUESTION: FIXED OR VARIABLE MORTGAGES
 
Most of borrowers rely on news, predictions, statistics, worry, or on logic that rates do fluctuate and therefore periodically rise and drop... Financial institutions historically made more profit with a standard 5-year fixed mortgages, and because of that those mortgages are generally highly preferred and more pushed by most banks - lenders. On the other side, the 5-year variable mortgage is based on expectation that changes between rising and falling rates will stay within expected reasonable range, so that on average less interest should be paid to the Bank. By examining and comparing historic data of variable and fixed mortgage rates, it is clear that variable interest rates helped borrowers save more money, and made less profit for the bank. Also, most variable rate mortgages are also "flexible" mortgages, allowig borrower the ability to convert, once, their variable rate mortgage to a fixed term mortgage, choosing a fixed rate offered at that time, with NO penalties, while with fixed mortgages, borrower is locked in with the same rate until maturity, with penalties required for any rate change. But, there are no right or wrong mortgages, as no one really knows the future, and personal preferences of each borrower.
 
"You deserve not just great rate, but also exceptional service, and your own Mortgage Broker to help you get custom mortgage that is custom tailored for you.
DARKO MAKIC | 416-850-2130
 
_________________________________________________________________________________________
 
         
 
              
 
              
 
         
_________________________________________________________________________________________
 
Independently Owned and Operated

Licence #: 11947

1017 Kingston Rd. Toronto, ONM4E1T3

Always looking out for your best interest. 
 
Check our mortgage-financing calculators, or for fast pre-approval, click here to APPLY ONLINE  NOW
 


Our calculators can help you determine loan amounts, mortgage qualification, affordability or whether you should be renting or buying.

By completing the fields below and clicking Calculate Now, you can review results of each calculation, and click on the various tabs.  To email yourself a copy of the results, click the Receive this Detailed Analysis link.

And, please call us with any mortgage question. We have means and contacts to help you get custom tailored mortgage and lowest competive mortgage rates!

 

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43% of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
Results
  Receive this Detailed Analysis

Your Monthly Payments
 
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
 
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
 
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Renting
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
 
Owning
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %
Realty Leaders Ltd.  |  Contact Us  |  Real Estate News  |  Sellers  |  Home Evaluation  |  Buyers  |  For Sale  |  Home Search  |  Mortgages
 

Privacy Policy  |  Site Map  |  Profile  |  Sign In

Choose language: