We are always "Looking out for your best interest"
We are here every step of the way! We are your personal shopper to help navigate buying a home for the first time, refinancing your current home to gain access to equity or renewing your existing mortgage. With an abundance of information and financial options available, the mortgage process can be time-consuming, confusing and intimidating. CENTUM mortgage brokers go through licensing, ongoing training and education to make sure our advice is relevant and sound. With an unbiased mortgage broker by your side, we help you make an educated decision on what’s likely one of the biggest investments of your life. At CENTUM, YOU are our Customer, NOT the Lender. CENTUM mortgage brokers are not employees of any bank. We are not limited to one lender’s product offering, nor should you be. As your mortgage broker, we seek out the best financial solution to suit your specific situation, whether it’s with a Chartered Bank, Trust or Lending Institution.
Finding the Best Mortgage at the Best Rate At CENTUM, we’ve been successfully delivering the best rate for tens of thousands of satisfied clients for over 15 years throughout Canada. CENTUM is built on the philosophy of matching a mortgage to your unique situation and not the other way around. We negotiate with multiple lenders to get you the best rate on the best product. We are dedicated to knowing the mortgage system and having the industry knowledge required to present an appealing proposal for home financing to any lender. We do the due diligence, the paperwork and the legwork to make sure you will be on your way to smart home ownership! At CENTUM, we are always « Looking out for your best interest* »
Reach out to us for a question or complete an application
The best thing about working with one of our CENTUM mortgage brokers is that our services are free. Reach out to us for a question or complete an application, it will be at no cost to you!
Our focus is getting you the right mortgage solution
Whether you’re taking the plunge into real estate for the first time or maybe you’d just like a refresher, we’re here to make things easy to understand and incredibly convenient. Our CENTUM mortgage brokers want to be your source for mortgage advice providing help, advice and ongoing guidance. Our focus is getting you the right mortgage solution for your needs and budget. Let us simplify the financial side of home ownership. Check out our mortgage tutorial below. After you’re done, feel free to share it with your friends:
1. Always does your home work before you get into any project? 2. Make sure the permits are in place and you follow the guidelines of WSIB, Construction industry. Projects can be stopped for years for any issue while bypassing the Law. 3. Take neighboring similar projects into account. Don’t overbuild or don’t spend more money than the neighborhood deserve, you don’t get it back. 4. Always keep in mind of selling it one day. So keep your tastes on the side, someone else have to buy one day. (unless it is your dream project and you don’t care about the money) . 5. Do a thorough research on Builder and then hire them, take references. See what else they built in the area 6. Be prepared for delays. Unexpected delays can happen which may prolong the entire process. 7. Have an experienced Project manager to monitor and watch for efficiently progressing the project and find the mistakes. Catching a mistake early will save a lot of headaches later. 8. Keep on reviewing the material and labor costs as per your Budget, and usually there is a minor variation but be prepared for it. 9. Make sure everything is done as per the permits and inspections, so you successfully get the occupancy.
Mortgage is a mortgage registered on the title of the property… behind the 1st mortgage on the same property. As It is at a second position, you still need to have some equity in the property to get mortgage. Most of the cases this mortgage is higher rate than the 1st mortgage and still cheaper than the interest you pay on some of the Credit cards. The advantage of this is that, unlike Credit cards, which are compounded daily, Mortgage is Simple Interest and has Interest only payments. For Example $50K of mortgage will cost approximately $416 to $500 per month simple interest only payment. Imagine what all you can go with that $50K.
Consolidating the high interest debts to make the monthly cash flow better. If you have some family or medical emergency and you need to need the money right away and no other source is available. If you are a businessman and need to buy equipment, vehicle to grow your business or pay the invoices to easy on cash flow. Pay for kids education, Marriage Expense Need the money for short time Existing 1st Mortgage is locked in for a term with higher penalties. Pay mortgage arrears Pay Tax arrears
Quick Approval over the phone Get the money in 1 to 2 days in hand No tedious Paper work like the 1st mortgage or other loans Interest only payments or prepaid with no Monthly Payment Customized as per borrower needs So if you think you need the quick money and have a house, call us. We look at the whole situation and analyze if there is a genuine need for it, if so we will approve you over the phone in minutes and disburse the funds in as quick as same day. We also plan an exist strategy with you how to pay it off or combine with the 1st mortgage at the right time so that you can use the money now and get out of this mortgage as soon as possible.
A business loan is a loan specifically intended for business purposes.As with all loans, it involves the creation of a debt, which will be repaid with added interest. There are a number of different types of business loans, including bank loans, mezzanine financing, asset-based financing, invoice financing, microloans, business cash advances and cash flow loans.
A Mortgage Centre specialist can help. Whether you want to buy your first auto body shop, are building your next shopping plaza, or adding a new shipping centre to your growing business, we'll help custom-fit a commercial mortgage solution to your specific needs.
At The Mortgage Centre, we can shop your commercial mortgage to many major lenders that Canadian businesses have trusted for generations. What's more, we can generally access lenders who only deal with mortgage specialists, which could provide added choice and flexibility with your financing needs. If you need a commercial mortgage or are simply planning ahead:
Before deciding on a brand new home, let a Mortgage Centre specialist help you understand the special terms and considerations in construction mortgages, also known as self-build mortgages. Our mortgage specialists can help you decide which option best suits your particular situation.
Self-Build Home is when you act as your own contractor; hiring subcontractors to complete the work. Your mortgage options are: Progress Draw Mortgage, Completion Mortgage
Self-Build: Builder/Contractor is sometimes referred to as Turn Key. This is when you enter into an agreement with a contractor to build your home. Typically the builder will request Financing Draws. Your mortgage options are: Progress Draw Mortgage, Completion Mortgage
Mortgages on newly constructed homes, town homes, condominiums. Client requires funds when the home is 100% complete. Your mortgage options are: Completion Mortgage. If you need a commercial mortgage or are simply planning ahead, contact a Mortgage Centre specialist today for a quick assessment and recommendations. Your Mortgage Centre specialist is readily available to review the details of new construction financing. We encourage you to ask any questions you have and get the professional guidance you need to make an informed decision.
Building your dream home could be one of the most rewarding experiences you ever undertake. So how can you finance building your own home? A self-build mortgage is exactly what it says, a loan you secure to finance building your own house. With a self-build mortgage the money is released in instalments, typically with an initial loan to buy the land. Payments are then made at different stages of the build. The key to a successful build is to understand the steps involved, and to follow through with the many details involved in building a home. From the first idea to the finished project, planning ensures you have your bases covered. If you have any questions, contact your Mortgage Centre specialist. Buying from a Builder If you're looking for a brand new home without planning everything yourself, consider buying from a new home builder. This can give you the flexibility of defining the look and style of your home without being as involved in the self-build process. There are still many elements to consider, such as picking your lot, choosing your upgrades, and moving in, all of which can add up to a number of months, if not longer, to complete. Contact your Mortgage Centre specialist to discuss your options, and take the first step in financing your brand new dream home.
1. Do Your Research. Look at homes and communities and talk with builders. Do some pre-planning to help focus on the decisions ahead to help you prepare for a successful home search. 2. Define what you are looking for in your new home and community. By weighing your needs and wants, you'll be in the best position to determine what's most important to you. Then use your list to evaluate each house you visit. 3. Get pre-approved. It's a good idea to determine your price range before you start looking for your new home. Discuss your options for a pre-approval with your Mortgage Centre specialist. This will help you best understand how much you can afford to spend on your new home. 4. Selecting the right builder for you. When you choose to buy a new home, you should be confident in the company that will build it. Check to see that the builder has qualifications and is able to meet your needs and expectations. Ask for references and talk to other clients about the builder's work, or check the new home warranty program. 5. Warranty. Builders commonly offer a one-year warranty and after-sales service on workmanship and materials in your new home. This service may be backed up by a third-party warranty. Keep in mind that warranties vary from one province to the next, so check to make sure you understand yours. 6. Maintenance after completion. Many builders will provide you with a homeowner's manual describing the various elements of your home which set out the requirements for regular maintenance and
service. This not only helps you to keep your home in great condition, it also helps to ensure that you do not void the warranty on your home. Progress Draw Mortgage A Progress Draw Mortgage means that funds are advanced in intervals as your house is being built. There are usually 3 draws at 35%, 65% and 100% completion. A Land Draw (conventional only) may be required if you're also purchasing the land.
In the event that home completion takes more than 90 days, rate caps are available for up to 12 months depending on mortgage type and location. A rate cap locks in the maximum interest rate a client will receive for their mortgage, based on the rates at time of application. Rate caps are available on both Progress Draw and Completion Mortgages. All mortgages are subject to eligibility requirements and will vary by lender.
Truck & Equipment Loans is a full service lease finance company. We as brokers, work with various competitive, respected Lease Companies across Canada. We help offer both personal and commercial leases to our clients on their Equipment & Vehicles. We realize the impact a Vehicle & Equipment can have a small or a start up business. We are able to have quick turnaround times and are able to not only approve, but also fund a deal; within a few days. Whereas, due to the volatility of today’s markets, many banks have tightened up their criteria on lending & may take weeks to process a deal. We realize that New and Old business are constantly in Need of purchasing & replacing New or used Equipment & Vehicles, to help meet the demands of their business. We specialize in helping our clients find the most affordable Lease option for them and their needs. We are able to provide low interest rates from multiply leasing companies. We are able to provide Lease Financing for one of the broadest spectrums of credit. Our rates will reflect the perceived risk of the company or the individual that is applying for the lease.