OUR 
MORTGAGE
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Buying a home is one of the biggest steps in life. Whether you’re a first-time homebuyer or a seasoned investor; whether you want to upsize or downsize, purchase a vacation home, or acquire a rental property, buying real estate is one of the largest financial transactions you will make in life. The West Mortgage Group is committed to providing the highest quality service and advice, negotiating the best terms at the lowest possible rate, all while striving to make the loan process as quick and effortless as possible. ​ The Home Purchase Process: ​ 1. Get pre-approved. 2. Work with a trusted realtor to find a property that suits your needs. 3. Make an offer on the property subject to financing, inspection, etc. 4. Mortgage approval. An appraisal may be required by the lender. 5.Satisfy any additional lender/insurer requirements. 6. Remove subjects and pay your property deposit. 7. Meet with a lawyer/notary of your choice prior to the completion date to execute final documents. 8. Get the keys to your new home. Congratulations!

CMHC (Canada Mortgage and Housing Corporation) multi-family residential financing provides support for the construction, acquisition, or refinancing of multi-family properties, such as apartment buildings and condominiums. This program is designed to enhance the availability of affordable housing in Canada.

Self Employed applicants often think they will have difficulty obtaining a mortgage. This isn't the case at all! Providing your most recent T1's, Notice of Assessments and confirmation that your business is operational via bank statements or GST returns is often the only additional information that is required. ​ We have exclusive access to additional competitive rate programs that utilize bank statement deposits for self employed individuals who minimize their taxable income on their CRA returns. ​ Contact The West Mortgage Group today for more information.

Maximize Your Home’s Value with Our Refinancing and Mortgage Renewal Services. If you want to lower your monthly payments, access cash for renovations, or secure a better interest rate, we can help. Our team is here to assist you through every step of the process. MORTGAGE RENEWALS ​ When your current mortgage is up for renewal you have a great opportunity to have The West Mortgage Group find you the most competitive offer in the market and create a seamless easy process to switch lenders. A good time to start preparing for this process is 3 to 6 months prior to your current mortgage maturing. ​ REFINANCING ​ Refinancing allows you to make changes to your mortgage at any time, you do not have to wait until the maturity date. Perhaps you are consolidating other debts or taking equity out of your home for new investments. The West Mortgage Group will review all of your options and work with you to find the best solution for your financial and personal situation.

A purchase plus improvement mortgage is for homebuyers who have found a home and seek to make improvements to it immediately after taking possession. Improvements can range from simple kitchen and bathroom upgrades to a complete home remodel. THE PROCESS You find a home that suits your needs but requires some renovations. The West Mortgage Group will work with you can get you an approval based on the home’s “as-is” value, before renovations. Work with a home renovations specialist to see what needs to be done and how much it will cost. The renovation quotes should state the work that is to be completed. The West Mortgage Group will then have your mortgage approval revised to include the price of renovations. Complete your home purchase. Once you take possession of your new home, start the renovation work. Once the work is completed we send out a lender representative to ensure the renovation was completed as required. Your lawyer will be instructed by the lender to release the money for the renovations.

Access Your Home’s Equity with a Home Equity Line of Credit (HELOC). A HELOC is a flexible financing option that lets you tap into the value of your home. By using your home as collateral, you can access funds when you need them. A home equity line of credit ( HELOC ) is a secured form of credit. The lender uses your home as a guarantee that you'll pay back the money you borrow. Home equity lines of credit are revolving credit. You can borrow money, pay it back, and borrow it again, up to a maximum credit limit.

The West Mortgage Group is an alternative lending expert with access to multiple lenders specializing in private loans and 2nd mortgages. Private loans can be used to renovate your property, consolidate debt, or access cash. These mortgages offer alternative financing options for those with equity in their home who do not qualify under traditional lending guidelines.

If you live and work abroad and are looking to purchase a property in Canada, The West Mortgage Group can help you. We work extensively with U.S. and international buyers and have a wealth of knowledge on how to secure loans for non-resident borrowers. Residents of other countries seeking to purchase a second/vacation home in Canada.