• First Mortgage
• Second Mortgage
• Renewal of an Existing Mortgage
• Pre-Approval for a Mortgage
• Refinancing
• Private Mortgages
• 100% Financing / Zero Down Mortgage
• Commercial Mortgage
• Self Employed
• 5% Down Mortgage

When you purchase a property (i.e. personal residence, vacation property, investment property etc.) and do not have 100% cash for your purchase you will have to borrow funds to complete the purchase. Such a transaction is completed by arranging a FIRST MORTGAGE which will be registered as the 'first' legal obligation registered against the property entitling the holder to the 'first' claim in the event of any default.

If your down payment is greater than 20% of the purchase price/appraised value rarely will you be required to have your mortgage insured by CMHC or Genworth. A JEM Mortgage Consultant will confirm this and at this point will instruct you regarding the necessary documentation required with your First Mortgage application. If you are ready to apply online Click Now and begin the JEM Mortgage two part application process or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

Assume your property has an purchase price/appraised value of $150,000 and there is a first mortgage of $100,000 registered against the property. Your equity in your property is $50,000. If you were to arrange a second mortgage the second mortgage would be registered behind the existing first mortgage.

Assume a lender is willing to provide you with a second mortgage so long as the loan-to-value ratio (first and second mortgages) does not exceed 85% of value. From the example above that would mean you would be eligible for a second mortgage amount of up to $27,500.00

Considering that second mortgage rates are higher than first mortgage rates, that the second mortgage would have to be registered by a law firm, that dependent upon the lender a Mortgage Insurance Premium might be required and that there will be two payments would a second mortgage be your best choice vs. arranging a new first mortgage? Maybe yes. Maybe no. Maybe you don't have a choice. Perhaps you do.

If you are ready to apply online Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

If the term on your existing mortgage is about to come due make the appropriate arrangements early. Remember you can get up to a 120 day interest rate hold at No Cost and No Obligation. On the renewal date your mortgage becomes fully open and can be paid out without penalty, paid down without penalty, renewed for the end of term balance at a new term, new payment method and a new amortization and a straight renewal with your existing lender does not require a lawyer.

On the other hand, if the term of your mortgage is not due but you want to take advantage of current lower interest rates, marketing offerings like a Cash Back mortgage or you are concerned that interest rates will be substantially higher when your mortgage term does mature then you must weigh the costs to determine whether or not this strategy is economically feasible. Bear in mind that you will in effect be breaking the terms of your existing mortgage contract and you will have some legal costs and a pre-payment penalty to incur.

JEM Mortgage™ can assist you these decisions.

If you are ready to apply online to Renew your mortgage Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

Most people get a mortgage pre-approval before they start looking for their real estate purchase. They want to know in advance what the maximum amount of mortgage is that they will qualify for. A Pre Approved mortgage is a preliminary approval by the lender of a borrower's application for a mortgage to a certain maximum amount and rate and with a guaranteed rate hold for 60-120 days.

History has proven that rates can increase over a very short period of time so this no cost no obligation offering could easily save you thousands of dollars. Should rates fall during your rate hold period you are guaranteed the lower than pre-approved rate hold. This is a definite win-win situation for you the consumer.

If you are ready to apply online for a Pre-Approval Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

Everybody talks about refinancing at some stage of their “mortgaged life”. Knowing why you want to refinance should be your most important consideration followed by a clear understanding of the associated costs of refinancing vs. the savings of refinancing. Remember that a mortgage is a contract and if you chose to break that contact there will be a penalty (the greater of either a 3 months interest penalty on the outstanding mortgage balance or an interest rate differential penalty (IRD) for the remainder of the contract term) and there will be legal costs.

People refinance for a variety of reasons: To consolidate high interest rate debt, to obtain funds for a renovation, to purchase a recreational or investment property or for tax implications. Regardless of your reason JEM Mortgage™ will provide you with the necessary information and options available for you to make the best decision.

If you are ready to apply online to Refinance your mortgage Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

A private mortgage is simply a mortgage held by a non commercial lender. The private mortgagee could be a single individual, a group of individuals, a private partnership or corporation.

Not everyone qualifies for conventional financing, normally for qualifying reasons such as credit history, too much borrower debt, insufficient income, job history, type and location of the property or incomplete documentation. Whatever the reason Private Lenders will consider the circumstances and depending on the applicant’s type of security and their equity in that security a Private Lender could possibly provide a financial solution.

Sometimes individuals that do qualify for conventional financing prefer to arrange private financing for reasons such as privacy, elimination of costly CMHC Mortgage Insurance Premiums, to avoid having to arrange new financing at a higher interest rate and to avoid costly pre-payment penalties if having to refinance an existing mortgage.

If you think a Private Mortgage is the answer to your situation Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

Can you really buy a home without providing a down payment?

In reality NO. A down payment must come from some source. It could come from a cash back offer, a gift from an immediate family member or from any of the eligible sources explained below in the CMHC Flex Down Program.

The CMHC Flex Down Program “provides borrowers with the opportunity to purchase their own home sooner by using a wider range of sources for a down payment “

Please review the guidelines for 100% Financing/Zero Down Mortgages.

JEM Mortgage™ will always provide you with the information that you require to better understand the mortgage underwriting process.

If you are ready to apply online for a 100% Financing/Zero Down mortgage Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

JEM Mortgage™ can arrange conventional financing in major Ontario urban centres for the following property types: office, anchored retail, unanchored retail, industrial, conventional and insured multi-family, insured retirement and nursing, mixed use with above property types. Strong “A” or “B” class properties.

If you have a commercial project that you are trying to finance please provide the details to Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

Historically it has been difficult for the self-employed (business-for-self) sector to arrange mortgage financing. Fortunately things have begun to change and lenders are weighing more emphasis on the applicant’s credit worthiness than on their net income.

With Low Documentation Mortgages and No Income Mortgages business-for-self individuals, with proper documentation, can now qualify for Loan To Value (LTV) mortgages of 75% TO 90%.

A JEM Mortgage Consultant will instruct you regarding the necessary documentation.

If you are Self Employed and ready to apply online Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.

When you apply for a mortgage loan that is more than 80% of the purchase price/appraised value you must buy Mortgage Loan Insurance. CMHC/Genworth Mortgage Loan Insurance protects the lender’s investment should you, the borrower, default on your mortgage. With the risk of losing their money removed lenders have the confidence to make mortgage loans of up to 95% of the purchase price of the home.

That means your down payment can be as little as 5% of the house price. With Mortgage Loan Insurance many Canadians who might be unable to obtain a 20% down payment can still buy a home.

Please review the following:

Loan to Value Ratio Single Advance Rate* Multiple Advances** Up to and including 65% 0.50 1.00 Up to and including 75% 0.65 1.15 Up to and including 80% 1.00 1.75 Up to and including 85% 1.75 2.50 Up to and including 90% 2.00 3.00 Up to and including 95%:     Traditional Down Payment 2.75 4.25 Flex Down Payment 2.90 4.25       * Premium/Single Advance - payable at time of loan advance. ** Premium/Multiple Advances - payable as funds advanced.

Try the JEM Mortgage 5% Down Payment Calculator and calculate the CMHC/Genworth Mortgage Insurance Premium (either added to the mortgage or paid to the insurer on closing) and the PST payable on closing to the Province of Ontario.

Calculate your Land Transfer Tax payable on closing to the Province of Ontario.

If you are ready to apply online for a 5% down high ratio mortgage Click Now and begin the JEM Mortgage two part application process, or if you have any questions Email JEM Mortgage, call us at 1-877-977-8946 or Return To Homepage.