Services
Get personalized Mortgage Services
Mortgage Pre-approval
With a Mortgage Pre-Approval, you can learn about your eligibility and credibility.
First Time Home Buyer
Learn about the ins and out of buying a home for the first time. Get complete guidance from pre-approval to mortgage approval.
Debt-Consolidation
Debt Consolidation means to take out a new loan to pay out other liabilities. Consolidate and save for your new home with a debt-consolidation mortgage
Refinance
Save your money by refinancing your mortgage at a lower rate.
Construction Financing
Planning to construct your dream home? Get a funds in advance by applying for construction loan.
Finance Renovation
Give your house a new look by applying for a renovation loan. A Renovation loan gives you funds to renovate your kitchen, bedroom, or your entire house.
Equity Takeout
An Equity Takeout loan is a mortgage taken out for other purposes. The loan amount can be used for repairs, renovation, to fund another property, or for investment.
Reverse Mortgage
Want to buy a home before or after retirement? A reverse mortgage will help your dream come true. It is a special loan designed for individuals of 55 years and above.
Commercial Mortgage
If you are planning to buy a commercial property in Canada, you need a commercial mortgage loan.
Finance Second home
Planning to buy a property for the second or third time. There are many ways to finance your property. A second time home buyer loan can give you funds to book a new property anywhere in Canada.
Purchase & Improvement
Purchase and improvement loans are ideal for those planning to buy a property and renovate it immediately. Get the best mortgage rates for your purchase and improvement plans.
Equity Line-of-Credit
A home equity line of credit is a line of credit secured on the basis of your home. It gives you revolving credit line to fund large expenses or consolidate higher-interest rate debt on other loans.
New to Canada
If you have recently become a permanent resident or a citizen, I can get you a mortgage without hassle. There are several lenders that lend mortgage to individuals who have come to Canada within 5 years.
Co-equity HomeOwnership
Buy your dream home with a co-ownership loan. With a co-owning partner, you can purchase a new home and if you plan to sell it in the future, both partners share equal profits.
Mortgage Renewal
Is your mortgage renewal date approaching soon? I can help you secure better rates upon mortgage renewal to save your money.
Best Mortgage Services
Serving across ontario
With over 5000 mortgage products to choose from and partnerships with the best lenders in Ontario, Mortgages by Jaymit is committed to delivering 100% satisfactory services. Whether you want to finance your residential or commercial property, construction, renovation, or improve a property after purchase, there is a mortgage product for you. I will negotiate with lenders on your behalf to get the best deals.
FAQ
How Can I know that I am qualified for a mortgage?
Various factors are considered by banks and lenders before lending a mortgage. The three major factors that define whether you are qualified for a mortgage in Canada are: your credit score, your debt-to-income service ratio, and your home equity.
In which areas does Mortgages by Jaymit offer services?
Mortgages by Jaymit offers services across Ontario. You can avail Jaymit’s services from Hamilton, Brampton, Scarborough, York, Etobicoke, Toronto, Pickering, Markham, Vaughan, Oshawa, Mississauga, Newmarket, Bowmanville, Oakville, Milton, and surrounding regions.
I already have one mortgage. Which other mortgages can I apply for?
If you already have a mortgage, it is possible to get another one for renovation or to buy another property. Contact me to get the best financial advice to fund your next property, renovate your house, start a business, or repay an old mortgage.
What is a Mortgage Pre-approval?
A pre-approved mortgage gives an interest rate guarantee from a lender for a specific duration and a fixed amount of money. This pre-approval is calculated based on the borrower’s information and current financial situation. A pre-approval helps real estate agents identify your affordable rate. It is among the first steps in your home buying process. Most real estate agents prefer showing homes to individuals having a mortgage pre-approval.
What is a Variable-rate Mortgage?
A variable mortgage rate is a mortgage in which the interest rate is not fixed. The interest payments are adjusted at a level above a specific benchmark or reference rate. If the rates decreases, most of the payment goes in reducing the principal. If the rates increase, most of the monthly payment goes in covering the interest.
What is a Fixed-rate Mortgage?
A fixed mortgage rate offers a pre-determined interest rate for a certain term. The period is typically between 6 months to 25 years. A fixed rate mortgage allows borrowers to know in advance how much mortgage they will be paying until the term ends.
Want Free Consultation?
Get free consultation for any type of mortgage service in Ontario. Don’t hesitate to get in touch with me. I will answer all your questions and guide you through a hassle-free mortgage process.