Mortgage Solutions
First Time Home Buyers |
Your Next Home Purchase |
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Buying a home is an exciting time and is one of the most important financial decisions you’ll ever make. Finding the right mortgage for your individual or family |
When preparing to buy your next home, there are many things for you to consider, one of which is deciding what to do with your existing mortgage. |
Refinancing your Home |
Renewals and Transfers |
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Do you dream about a new kitchen or living with less debt? Refinancing your existing mortgage can allow you to access equity in your home for a variety of reasons. Housing values in most areas have risen recently. This increase in property values often means more available equity. |
Is your mortgage up for renewal? Vertuity Mortgage is always prepared to discuss your options when your mortgage term expires. The most common solutions are to renew with your existing financial institution, you can shop your mortgage around for the best rate, or you pay out your mortgage in full. |
Cash Back Mortgages |
RRSP Home Buyers Plan |
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With a Cash-back mortgage, the client receives a cash rebate on their mortgage at the time it closes. This rebate varies anywhere from 1% to 5% of the mortgage amount depending on the lender and length of mortgage term chosen. |
The Home Buyers’ Plan (HBP) allows first time homebuyers to withdraw their down payment from a Registered Retirement Savings Plan (RRSP) to purchase or build a home without having to pay tax on the withdrawal. The current withdrawal limit for this purpose is $25,000. |
Zero Down Payment |
Home Equity Line of Credit |
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Our Zero Down Payment Mortgage allows you to become a homeowner sooner rather than later. Vertuity will advance 5% of the home’s purchase price to your solicitor upon funding, in addition to the mortgage proceeds. |
With a Home Equity Line of Credit (HELOC), equity can be withdrawn to be used for any purpose. You can use your equity to help planning your investments, including establishment of a fund(s) for your children's educational needs. |
Newcomers to Canada |
Free Appraisals |
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Newcomers to Canada play an increasing role in Canada’s population growth, and create new market opportunities. Insured financing is available to borrowers with permanent and non-permanent residence statuses |
Vertuity Mortgage will pay for an appraisal, if required by the lending institution, on mortgages over $100,000 in major urban areas once we receive the signed mortgage commitment.
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