• Nos meilleurs taux hypothécaires au Canada • Explorer des scenarios hypothécaires avec le calculateur

Expertise de 25 ans en crédit et épargne; Spécialité: Résidentiel, Multiplex et Commercial et Communautés Ethniques (Marocaine, Asiatique, Etc…)

PROMOTION DU MOIS!

Residentiel

2.99%: 5 ans Fixe Garantie 120 jours           2.99%: 5 years Fixed Garanty 120 days

3.09%: 5 ans Fixe + 500$(notaire) 30jours  3.09%: 5 years Fixed + 500$ (notary) 30 days

2.56%: 2 ans Fixe débours 31/08/12             2.56%: 2 years Fixed funding 08/31/12

2.94%: 4 ans Fixe Fermé                                 2.94%: 4 years Fixed Closed

(avec ristourne .20%, 2.74% pour 4 ans)     (with .20% ristourne, 2.74% for 4 years)

3.89%: 10 ans Fixe Fermé                              3.89%: 10 years Fixed Closed

Promo pour professionnels; Avocats, Ingénieurs, Médecins, Pharmaciens

Marge de crédit = P+0% + 850$ remise au notaire

Multiplex/ +1millions$

2.56%: 5 ans Fixe Fermé/SCHL                    2.56%: 5 ans Fixe Fermé/SCHL

Prêts Privés/RPV jusu’a 80%, 1er & 2ième   Private Lenders/LTV Up to 80%, 1st & 2nd

Expertise unique au Québec ***********      Unique expertise in Quebec*********

10%, 12% ou 15%/Aucun frais                      10%, 12% or 15%/No fees

Rétribution-Partenaires/Jusqu’a 50%       Commissions-Partners/Up to 50%

Daniel Lavoie, B.A.A. (Fin.)
Courtier Hypothecaire Agree Senior/proprio DLCCO
DLC Centre Ouest  #1 au Quebec
Cell: 514-592-2300
Email: daniel.lavoie@dominionlending.ca

For First Time Home Buyers

Buying a home might be the largest investment you will ever make. As a first time buyer, you have a lot of questions and a lot of important decisions to make.

To begin, you might be interested in these topics:

• How much can you borrow?
• How much should your down payment be?
• Searching for your home.
• Getting a pre-approved mortgage.
• Choosing the right mortgage.
• Budgeting for other costs of homebuying.
• Incentives for new home buyers.

At HSBC, we offer personalized service combined with expert advice to help you make the right mortgage choices for you, your family, and your future.

How much can you borrow?

To borrow money to finance the purchase of your new home, you will need to determine how a mortgage payment will affect your current budget.

You can do some short and long-term planning to see how different sized mortgage payments or mortgage amounts will affect your finances.

Try our online mortgage calculators to find out how much you could borrow and what your mortgage payments would be.

How much should your down payment be?

How large a down payment you put toward your new home is one of the most important decisions to make in the homebuying process. Putting down a sizable down payment is a cost-saving measure.

The greater the down payment, the more you will save in interest and insurance fees on your home mortgage. The smaller the down payment, the longer it will take for you to become mortgage-free .

The source of your down payment may come from the sale of an existing home, your personal savings, or other sources, such as family members, or a combination of these.

Your first mortgage decision involves determining what percentage of the purchase price of your home will go toward your down payment. This decision, in turn, determines which type of mortgage you can apply for.

• With as little as 5% down payment, you can own your own home.
• Compare mortgages to find the one that’s right for you.

RRSP Home Buyer’s Plan

If you are a first-time home buyer, you can take advantage of the RRSP Home Buyer’s Plan to withdraw up to $25,000 from your Registered Retirement Savings Plan to use as a down payment.

• For more information, go to the Canada Customs and Revenue Agency.
• Try our online mortgage calculator to find out how different down payment amounts affect how much you could borrow and what your mortgage payments would be.

Default insurance

Subject to the rules and regulations of the National Housing Act, if the amount of your down payment is less than 20% of the value or purchase price of your property, you are required to have default insurance in order to protect against a loss in the event of default.

The Canada Mortgage and Housing Corporation is a Federal Government Agency that provides default insurance.

The insurance premium will often be added to the amount of your new mortgage loan.

To learn more, click Mortgage Default Insurance Disclosure Notice.

Searching for your home

When you begin your search for the ideal home, you face many choices. Consider every option and weigh them against your needs.

Choose the features of your home House or apartment; number of bedrooms; gas fireplace; patio; extra parking; etc. List the features that you would like, and then prioritize them to help you choose among properties from your short-list.

Choose your neighbourhood As soon as you have a good idea of where you want to live, get to know the area as well as you can. You want to be happy where you make your home.

Choose your real estate agent When you know where you want to live and have decided the type of property you want, it’s time to choose a real estate agent. Your agent will provide you with a list of properties within your price range that meet your requirements.

Find out more in Searching for Your Home.

Getting a pre-approved mortgage

Before you start house hunting, consider applying for a pre-approved mortgage. With a pre-approved mortgage, you have some advantages:

• You know your price range, so you can narrow your search.
• The seller will find your offer more attractive when they know that you already have financing.
• Your mortgage rate is guaranteed for 60 days. Applying is free, and you are under no obligation to accept our offer.

Choosing the right mortgage

HSBC offers many types of mortgages, and within each mortgage option are features that can be tailored to fit your needs and your financial situation.

HSBC Mortgages Our mortgages are designed to meet your individual needs as a new home-buyer:

• HSBC Smart Savers Mortgage^TM.
• Traditional Mortgage.
• Equity Power Mortgage.

Compare mortgages to find the one that’s right for you.

Budgeting for other costs of homebuying

Besides your mortgage and your down payment, there are other costs involved in purchasing a home. Plan to budget from 1.5 – 4.0% of the purchase price for the:

• Appraisal Fee.
• Building Inspection Fee.
• Land Survey Fee.
• Land Transfer Tax.
• Registration Fees.
• Legal Fees.
• GST.
• Moving Expenses.
• Connection Fees (e.g., cable, telephone).
• New Furnishings & Fittings.
• Immediate Renovations & Repairs.

Incentives for new home buyers

Incentives for new home buyers that you may be interested in:

<!–
• 15% Home Renovation Tax Credit (HRTC).–>
• Home Buyers’ Plan RRSP maximum withdrawal increased from $20,000 to $25,000.
• ecoENERGY Retrofit Grant – Grants up to $5,000 to offset the cost of making home improvements to reduce energy consumption.
• First-Time Home Buyers’ Tax Credit (HBTC).

Mortgage principal

The mortgage principal is the amount of the original mortgage, less any payments made towards it. This does not include interest, which is calculated on the remaining principal balance and paid with your regular payments.

Mortgage interest

Generally, mortgage interest costs are front-loaded, so that that interest comprises a much larger percentage of  your regular mortgage payment at the beginning of the life of the mortgage than toward the end.

Property Tax

This may be part of your regular mortgage payment. The property taxes that are based on the official assessment of the market value of your property. These taxes are ordinarily paid in installments. Will hold these payments in escrow until they are due as the respective city/municipality will send the bills directly to CIBC.

Mortgage life insurance

For convenience mortgage life insurance premiums are added to your regular mortgage payment. Should you pass away and your claim is approved, the outstanding principal balance of your mortgage on the day you pass away would be reduced or paid off (up to a maximum of $750,000).

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.

Credit bureaus create a detailed report containing information such as personal identification, your credit history, public records with an effect on your credit and a list of parties you have authorized to access this information. For example, if you pay your bills on time or if you repay a loan, you will be in good standing with the credit bureau. So, when it’s time to borrow, a lending institution will know that you are credit worthy.

How do you get your credit rating?

You have the right to see the information in your credit bureau file, which includes your credit rating. Contact one of Canada’s credit bureaus to receive a copy of your credit report by mail, free of charge. For a fee, you can also view your credit report online. Check your report carefully – if there are errors in the payment information on your credit report, you should send a letter to the credit-reporting agency requesting rectification of your records.

For more information, contact one of the credit bureaus directly at:

TransUnion Canada: 1-866-525-0262

Equifax Canada: 1-800-465-7166

How do I establish a good credit rating?

The easiest way to establish a good credit rating is to pay your bills on time. Another way is to get various forms of credit, such as a credit card, loan, or a line of credit. If you use your credit responsibly and at least make your minimum payments, you can develop a history of good credit.

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.

Important home buying questions to ask yourself:

• Is this home the right size? Are there enough bedrooms and bathrooms?
• Is the yard big enough? Does it have a finished basement?
• Is it in your general price range?
• What is the condition of the home? How old is the furnace and wiring? Take a look at the roof and the foundation.
• Take a look at the neighbourhood. What’s the condition of other homes in the area? Does the community appeal to you?
• Is there access to public transit and major roads? Are there good public facilities like schools, hospitals, shopping and recreation facilities in the area?
• Is this an older, more established neighbourhood or a new development?
• How do the municipal taxes compare to those in other areas? Are there any development plans that will affect the neighbourhood?
• Are there any zoning bylaws that might affect you – such as your ability to have a home office in your house?
• Does the property have the potential to increase in value?

Search Canadian real estate listings on The Canadian Real Estate Association’s Multiple Listing Service.

• Consider your annual household income. This is a key factor when determining how much of a mortgage you can afford. In addition to calculating your annual household income, consider any income changes that may impact your ability to make your payments. For example, if there are currently two major income sources within your household, would you still be able to afford your mortgage if one was removed? What if a child comes into the picture and your partner decides to become a stay-at-home parent? Consider all factors before deciding.
• Consider your down payment. Currently, you are required to have at least a 5% down payment when buying a house. The size of your down payment is one factor in determining the size of mortgage you can afford.
• Consider your debt. When determining “How much can I afford?” one of the other important factors to take into account is the amount of debt you currently have. The lower your debt-to-income ratio, the more money you’ll likely have to put towards your mortgage. In addition, your debt level will also help to determine how large of a mortgage you will qualify for.
• Consider your amortization period. If you are simply trying to keep your regular mortgage payments low in order to comfortably fit the payment into your budget, you will probably want to apply for a mortgage with a longer amortization period. However, if you don’t mind a somewhat larger regular mortgage payment in order to save money on interest in the long run, you may want to consider a shorter amortization period.
• Consider your closing costs. Closing costs are an often overlooked expense that will definitely help determine how much money you can afford as a down payment.
• Consider your property taxes, various types of homeowner’s insurance such as damage, title etc and additional expenses. Lastly, there are a few additional expenses that may impact how much money you have to put towards your mortgage each month. Expenses like property taxes, homeowner’s insurance and even things like home maintenance should be factored in before making your final decision. These costs are often overlooked but should be considered before settling on the home of your dreams.

We help you answer the question “How much can I afford?”

Buying a home is a big financial decision. When you start out by knowing what mortgage you can comfortably afford and what houses fit into your price range, you will be prepared to find the ideal house for your situation. also makes it easy, by offering helpful mortgage calculators like the Mortgage Affordability Calculator that lets you enter your information to find out the price range that’s right for you.

For additional information about how much mortgage you can afford or to complete an application by phone, contact us!

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.

What’s the difference?

• Conventional mortgage: means your down payment is at least 20% of the purchase price.
• High-ratio mortgage: means your down payment is less than 20% of the purchase price.

High ratio mortgages must be insured by a third party such as the Canada Mortgage and Housing Corporation (CMHC), Genworth Financial Canada or Canada Guaranty and require you to pay an insurance premium.

The insurance premium:

• Will depend on the amount you are borrowing and the percentage of your down payment (Usually, mortgage default insurance premiums range between 0.5% and 2.75% of your total mortgage amount)
• Can be added to the principal balance and paid off as part of your mortgage, or paid off in a lump sum at the time of purchase (may be subject to provincial sales tax which cannot be added to mortgage amount)

The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.

What is a mortgage down payment?

A mortgage down payment is the amount of money you pay upfront when purchasing a home. A down payment, typically expressed as a percentage, is calculated as the dollar value of the down payment divided by the home price.

Mortgage loan insurance is typically required by lenders when homebuyers make a down payment of less than 20% of the purchase price. Mortgage loan insurance helps protect lenders against mortgage default, and enables consumers to purchase homes with a minimum down payment of 5% — with interest rates comparable to those with a 20% down payment.

To obtain mortgage loan insurance, lenders pay an insurance premium. Typically, your lender will pass this cost on to you. The premium payable is based on a percentage of the home’s purchase price that is financed by a mortgage. The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

Mortgage loan insurance is not to be confused with mortgage life insurance which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

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En quoi consiste l’assurance prêt hypothécaire?

L’assurance prêt hypothécaire est exigée habituellement par les prêteurs, lorsque l’emprunteur effectue une mise de fonds inférieure à 20 % du prix d’achat de l’habitation. D’une part, elle protège les prêteurs contre les défauts de paiements hypothécaires et, d’autre part, elle permet aux emprunteurs de faire l’acquisition d’une habitation avec une mise de fonds minimale de 5 %, tout en bénéficiant de taux d’intérêt comparables à ceux qui sont consentis aux emprunteurs effectuant une mise de fonds de 20 %.

Les prêteurs paient une prime pour obtenir une assurance prêt hypothécaire. En général, votre prêteur vous demandera de lui rembourser le montant de cette prime. Le montant de la prime exigible se fonde sur la proportion du prix d’achat de l’habitation qui est empruntée. La prime peut être réglée en une seule fois ou être ajoutée au montant du prêt hypothécaire et être incluse dans vos mensualités.

Il ne faut pas confondre l’assurance prêt hypothécaire et l’assurance-vie prêt hypothécaire, qui garantit que votre succession n’aura pas à rembourser le solde de votre prêt hypothécaire au moment de votre décès.

Best of all — our services are free*.

It’s the selected lender that pays us and YOU get the best rate.

• Our Best National Rates • Explore Mortgage Scenarios with Helpful Calculators on http://joannekmortgages.com

*for all residential mortgages including multi-plex

There are a lot of different kinds of mortgages – each with its own numbers to consider. To help you feel comfortable with whatever one you choose, we’ll help you get to know all the flexible options we offer first time buyers.

Fixed Rate Mortgage

Get security and peace of mind, knowing your interest rate won’t increase over the term you select. You can also increase your payments without affecting the interest rate you pay. Terms up to 10 years.

See a chart with specific details

Today’s Rates

Six-Month Convertible Mortgage

Benefit from the typically lower interest rate of a 6-month mortgage term.  Plus, you can always switch your mortgage to a longer term closed mortgage at any time during the 6 months – at no cost to you.

See a chart with specific details

Today’s Rates

One-Year Open Mortgage

Pay a little extra, any time without incurring additional fees or charges. This mortgage lets you do so without administration costs or prepayment compensation. And though the interest rate is fixed for the full year, you have the flexibility to switch your mortgage to a closed term at any time, without a fee.

See a chart with specific details

Today’s Rates

5% CashBack Mortgage

For renovations, furniture, appliances, or extra funds in your account, this mortgage gives you up to 5% of the value of your mortgage principal back, up front. The money is yours to spend as you choose.

This is a great option for first-time home buyers. You can even use your CashBack to pay down your mortgage*.

*Subject to the terms of your mortgage.

See examples and specific details

Today’s Rates

Green Mortgage

Go ‘green’ with your mortgage and you’ll be eligible for a 1% discount off the posted interest rate and up to a 1% cash rebate when you make qualified energy-efficient purchases for your home¹.

See more specific details

High Ratio Mortgage

If you’ve saved between 5 and 20% of the money you need, a High Ratio Mortgage can help you own a home now.

See a chart with specific details

Today’s Rates

Closed Variable Interest Rate Mortgage

Use interest rate fluctuations to your advantage with this option.

You can lock in your interest rate by converting to a Fixed Rate Mortgage at any time, as long as the new term is at least the lesser of 3 years or the remaining term.

See a chart with specific details

Today’s Rates

Open Variable Interest Rate Mortgage

This mortgage gives you great rates, fixed payments and the ability to pay off your mortgage faster.

You get the flexibility to increase your payments to any amount, anytime. Plus, you can pay off all or part of your mortgage without paying compensation (an administration fee applies in year one and two only). So lump-sum payments of any amount can also be made at any time.

If interest rates fall, more of your monthly payment goes toward your principal and less toward interest. So your mortgage gets paid off faster.

You can also lock in your interest rate by converting to a TD Canada Trust Fixed Rate Mortgage at any time.

See a chart with specific details

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Here are today’s rates. (Jan 16, 2012 – from TD)

Mortgage details to keep in mind

Mortgage Financing

All of our mortgages are available as Conventional or High Ratio financing.

Mortgage Payment Options

All of our Fixed Rate and Variable Interest Rate Mortgages can be paid weekly, rapid weekly, biweekly, rapid bi-weekly semi-monthly or monthly.

Rapid Paydown

For all of our mortgages, payments can be increased by up to 100% over the term without charge.

Prepayment Option

You can pay down up to 15% of your original mortgage amount each year, with the exception of the 1-Year Open Mortgage and the 5-Year Open Variable Interest Rate Mortgage.

With our 5-Year Open Variable Interest Rate Mortgage you can make a full or partial prepayment on any date; however, full prepayment is subject to an administration fee.

We can always help you learn more.

• Call us at 514 679 8578

• Nos meilleurs taux hypothécaires au Canada • Explorer des scenarios hypothécaires avec le calculateur

Expertise de 25 ans en crédit et épargne; Spécialité: Résidentiel, Multiplex et Commercial

PROMOTION DU MOIS!

Residentiel

2.99%: 3 ans Fixe, 120 jours                         2.99%: 3 years Fixed, 120 days

3.29%: 5 ans Fixe Garantie 15/07/12             3.29%: 5 years Fixed Garanty 07/15/12

3.24%: 5 ans Fixe Fermé + 750$                    3.24%: 5 years Fixed Closed + 750$

2.50%: 5 ans Variable Fermé                         2.50%: 5 years Variable Closed

Multiplex/+750k$

2.68%: 5 ans Fixe Fermé/SCHL                     2.68%: 5 ans Fixe Fermé/SCHL

Retribution-Partenaires/Jusqu’a 50%$$$$ Commissions-Partners/Up to 50%$$$$

Voici un article radiophonique en francais et vous allez comprendre pourquoi un banquier comme moi est maintenant Coutier Hypothecaire Agrée Senior:

http://www.radio-canada.ca/emissions/samedi_dimanche/2010-2011/chronique.asp?idChronique=190490

2011: 60,000,000$ de dossiers acceptes EXPERTISE : les meilleurs taux pour le Residentiel 250,000$+ 1 à 4 Plex 3.24% : 5 ans Fixe Fermé + 750$ 2.50% : 5 ans Variable Fermé 3.50% : Marge de crédit hyp. 5.05% : Équité 70% – Aucun documents 5.29% : Remise de 5% 5 plex/conventionnel 3.03% : 5 ans Fixe Fermé 2.50% : 5 ans Variable Fermé 3.25% : Marge de crédit hypothécaire/ (P+.25%) SPECIALITE : les meilleurs taux pour le Multi logement et Commercial! 5 à 8 Plex 2.59% : 3 ans Fixe Fermé 3.03% : 5 ans Fixe Fermé/SCHL 3.03% : 5 ans Fixe Fermé 2.50% : 5 ans Variable Fermé 9 à 50 Plex/1 million$+ – ma specialite 3.19% : 3 ans Fixe Fermé 2.68% : 5 ans Fixe Fermé/SCHL 3.63% : 5 ans Fixe Fermé Commercial – ma specialite + 1.5M$ 3.16% : 3 ans Fixe Fermé 3.45% : 4 ans Fixe Fermé 3.65% : 5 ans Fixe Fermé 3.49% : 5 ans Fixe/Awap rate 4.00% : 5 ansVariableFermé/(P+1%) Indivise – ma spécialité 3.03% : 50 mois Fixe Fermé 2.50% : 5 ans Variable Fermé Auto declare – Aucune preuve de revenu Clients CIBC et Firstline, jusqu’à 80% Salarié & Travailleurs Autonomes, jusqu’à 65% Resident Americain – nouveau Jusqu’a 80% Non resident – nouveau Jusqu’a 70% Fermette – nouveau Jusqu’a 80%, taux résidentiel Dossiers – B Jusqu’a 90% Location d’Équipement - nouveau et exclusif à DLC Bureau, Technologie, Industriel, Transport, Ferme, Etc… Hypotheques Commercial - nouveau et exclusif à DLC Immeubles; Appartements, Bureau, Industriel Centres d’achats Construction Mezzanine Centres d’acceuil et Résidences personnes agées Retributions – Partenaires*** - offre unique aux courtiers etablis 25%, 40%, 50% = 2, 4, 5+ Transactions notaries/an

2011: 60,000,000$ Accepted files EXPERTISE : the best rates for 250,000$+ residential 1 to 4 Plex 3.24% : 5 years Fixed Closed + 750$ 2.50% : 5 years Variable Closed 3.50% : HELOC 5.05% : Equity 70% – No documents 5.29% : Cash Back 5% 5 plex/conventionnel 3.03% : 5 years Fixed 2.50% : 5 years Variable 3.25%: Home Equity Line of Credit/ (P+.25%) SPECIALTY : the best rates for Multiplex and Commercial! 5 to 8 Plex 2.59% : 3 ans Fixe Fermé 3.03% : 5 years Fixed Closed/CMHC 3.03% : 5 years Fixed Closed 2.50% : 5 years Variable Closed 9 to 50 Plex/1 million$ – My specialty 3.19% : 3 years Fixed Closed 2.68% : 5 years Fixed Closed/CMHC 3.63% : 5 years Fixed Closed Commercial – My specialty + 1.5M$ 3.16% : 3 years Fixed Closed 3.45% : 4 years Fixed Closed 3.65% : 5 years Fixed Closed 3.49% : 5 years Fixed/Swap rate 4.00%: 5 years Variable Closed/ (P+1%) Undivided Co-property – My specialty 3.03% : 5 years Fixed Closed 2.50% : 5years Variable Closed Auto declared – no proof of income CIBC & Firstline clients, up to 80% Employee / Self-employed, up to 65% US resident – new Up to 80% Non resident – new Up to 70% Small farm – new Up to 80%, residential rates Files – B Up to 90% Equipment Leasing - new and exclusif to DLC Office, Technology, Industrial, Transport, Farming, Etc… Commercial Mortgages – new and exclusif to DLC Buildings; Appartments, Office, Industrial Shopping centres Construction Mezzanine Care facilities & Senior Housing Commissions – partners*** – unique opportumity for established brokers 25%, 40%, 50% = 2, 4, 5+ Notarized transactions/year

http://dlcdaniellavoie.ca

Interest Rate – A Key Component of Your Mortgage

Deciding on the type of mortgage interest plan is one of the most important decisions a home buyer will make.
Your choice of mortgage plan can save you tens, even hundreds of thousands of dollars over the life of the mortgage. While we offer the best rates in the industry, obtaining the lowest rate does not guarantee the lowest total cost.

You also need to consider the following:

1)       Are you obtaining the right term based on your plans and objectives?

2)      Should you choose a fixed rate or variable rate mortgage?

3)      Does it have the right features – portability, assumable, prepayment, etc.?

4)      Is it tax efficient? Can you make your mortgage tax deductible?

5)      Is it better to go for a lower interest rate or lower payments?

There are many lenders in Canada each offering different rates, terms and features, you need a mortgage broker who will guide you through the maze of mortgage products. Let us analyze your financial situation and objectives so you can obtain the best value for your mortgage. Get great rates and build wealth through your mortgage.