Toronto Mortgage Solutions

LendingSuperStore.ca is your Toronto Mortgage Solutions professionals. If you are looking or a mortgage in Toronto this is an excellent time to get competitive financing rates and mortgage options. Mortgage rates in Toronto are at historic lows and the real estate housing market has proven to be resilient. Lending Super Store has the most experienced mortgage brokers in the industry that can provide a wide array of Toronto mortgage solutions as well as established lenders.

Toronto Mortgage Services to fit your needs

• Toronto Mortgage Refinancing
• Debt Consolidation
• Mortgage Renewals Toronto
• Toronto Home Equity Line of Credit
• Toronto Commercial Mortgages
• Vacation and 2nd Homes Mortgages
• Investment Property Mortgages

You can buy a home in Toronto with as little as 5% downpayment. A Toronto Mortgage Broker from Lending Superstore.ca will help you purchase your dream home. Many people don’t realize the various mortgage solutions available in Canada. We can truly help you find a mortgage that is right for you!

First Time Homebuyers Plan Toronto

We realize as a first time buyer that getting a mortgage can be very overwhelming. Our experienced Toronto Mortgage Brokers will assist you with every step of your mortgage financing until closure.

• We will pre-approve you, and do a 120 day rate hold on the best fixed rate in Toronto
• Work with your Toronto realtor to make sure the mortgage financing is in place to secure the offer of your home
• Explain in detail all the paperwork that the banks require
• Work with your Toronto lawyer to make sure they get solicitor`s instructions and your mortgage closes on time

First Time Toronto Homebuyers Plan using RRSP's

Today, an estimated 50% of first-time home buyers in Toronto Ontario use their RRSP savings to help finance a down payment. With the Canadian federal government's Home Buyers' Plan, you can use up to $20,000 in RRSP savings ($40,000 for a couple) to help pay for your down payment on your first home. You then have 15 years to repay your RRSP.

How can I qualify?

• The RRSP funds you're using must be on deposit for at least 90 days.
• You need a signed agreement to buy a qualifying home.

Even if you have already saved for your down payment, it may make good financial sense to access your savings through the Home Buyers' Plan. For example, if you had already saved $20,000 for a down payment - and assuming you still had enough "contribution room" in your RRSP for a contribution of that amount you could move your savings into a registered investment at least 90 days before your closing date. Then, simply withdraw the money through the Home Buyers' Plan.

Advantages on using your RRSP's for Toronto Home Purchases

• Your contribution will count as a Canadian tax deduction this year. Use any tax refund you receive to repay the RRSP or other expenses related to buying your Toronto home.
• You maybe able to buy a home sooner by using your RRSP's as your downpayment.

No Money Down in Toronto Program

Why rent a home in Toronto when you can buy? Many people have good income but don`t have enough funds saved to put a downpayment on a home.

We have various Canadian Mortgage lenders who will allow you to purchase a home with 0% downpayment. They will give YOU the 5% cash on closing. For this Toronto program you will need to qualify based on your income, good credit, and you must have enough funds for closing costs and one of our Toronto Mortgage Specialists will handle the rest!

New to Toronto, Canada Program

Toronto Canada has an increasing growth population of New Immigrants in Canada.

We have various Toronto mortgage solutions programs for people with newly Landed Immigrant status, Permanent Resident status, and Work Permit status.

Newcomers to Canada can purchase a Toronto home with as little as 5% downpayment insured through CMHC or Genworth Financial. If you are full time employed but have very little Canadian Credit history, or no Canadian Credit, we can accept International Credit reports, confirmed rental payment history, confirmed utility phone or cable history.

We can also get a Canadian mortgage for customers who have no employment but have at least 25%-35% downpayment.