Mortgage Broker Markham

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A Recent Refinance Mortgage Example in Markham Ontario

A Refinance Mortgage can save you thousands if you make a few adjustments to how you handle monthly debt. Here’s an example of saving $1408 every month! That’s $16,896 of extra money you will have at the end of one year.

Current Mortgage

Current Mortgage

Home Value $450,000

Current Interest Rate 3.2%

$250,000 Current Mortgage – Monthly $1200

$33,000 Car Loan – Payment $745/month

$28,000 Credit Cards 19% int. $840/month

Total $2,785/month

A Recent Second Mortgage Example in Markham Ontario

A second Mortgage can save you thousands if you make a few adjustments to how you handle monthly debt. Here’s an example of saving $1,131 every month! That’s $13,572 of extra money you will have at the end of one year.

Current Mortgage

Home Worth $550,000

Current Interest Rate 2.9%

Current 1st Mortgage Payment $1,404

$300,000 Mortgage Balance

$26,500 Tax Arrears $600/month

$23,500 Credit Cards $705/month

Total $2,709/month

A Recent Self Employed Mortgage Example in Markham Ontario

Self Employed Mortgages are becoming harder to get with tighter rules in mortgage lending. Fortunately if you work with a mortgage broker who has good relationships with lenders you will be able to obtain a mortgage at a good interest rate. We have great relationships with both traditional lenders and alternate lenders.

Bob

Bob has excellent credit but doesn't have a lot of profit showing on his tax return. Because he is a sole proprietor, his expenses are recorded on his personal tax return. This is something banks just can't deal with. We were able to match Bob with one of our lenders and get his the mortgage to buy his dream home.Home Purchase $600,000

Downpayment $200,000

Mortgage $400,000

Interest Rate $2.9%

Monthly Payment $1872

For the past several years the housing market in the GTA has been accelerating. House values in greater Toronto have skyrocketed and this has flowed over to surrounding areas like Markham Ontario.

Markham Ontario is a great option for commuters and offers families great home options. Witko Mortgages work in the Markham area providing Markham families mortgage solutions for all types of financial needs. Whether you are a first-time home buyer and need your first mortgage along with help understanding the process, require a second mortgage, are self employed, investing, consolidating debt, paying off your credit cards, we have a mortgage solution for your needs.