Use our calculators to help determine your mortgage payments, what you owe, or how much you can save!
Nearly 60% of borrowers simply sign and send back the first renewal the lender offers them without ever shopping around for a more favourable interest rate. Homeowners should never accept the first rate offer from their existing lender. Without any negotiation, simply signing up for the market rate on a renewal unnecessarily costs the homeowner a lot of money on their mortgage.
Generally it is a good idea to start shopping for a new term four to six months before your current mortgage term expires. Before you ever hear from your lender about renewing your mortgage term, have the Galon Mortgage Team shop around for you. You will be amazed at what we can accomplish on your behalf!
First Time Home Buyers
Whether you are a first-time homebuyer or an experienced buyer, we can provide you with access to the best mortgage products and rates across Canada.
Let us educate you about our flex down-payment mortgages, self-employment programs, rental purchase programs, vacation property programs, and other financing alternatives before you make your purchase. We can help you get into your new home much sooner than you expect.
Real estate can be a highly profitable investment and can diversify your current portfolio of investments. Whether you are looking to generate monthly income or earn long-term return on your investment, we can assist find the best fit mortgage solution for you.
If you are interested in borrowing for purpose of investing in real estate, give us a call to discuss your options. We’re here to help.
There are many reasons for refinancing a mortgage. You might want to stabilize your payments by changing from a variable to a fixed rate mortgage. Perhaps you have improved your credit score and qualify for a better mortgage with a better discount. Or maybe you want to refinance a home loan to pull out equity for home improvements, investments, college expenses, or high-interest debt consolidation.
Home equity is an easy and affordable way to access money you have accumulated in your home, especially if you have a good first mortgage in place. If you plan to remove equity from your home, you should be aware of the benefits and possible risks. Talk to a licensed mortgage professional and financial planner to discuss how you can make home equity work for you.
Do you currently have mortgage debt? A car loan? Credit card debt? Or maybe all of the above? If so, we maybe able to save you money by consolidating your debt in a single stream borrowing structure. There are a variety of reasons to consolidate; perhaps you want to lower your monthly payments; maybe you want to lower your overall interest payments; perhaps you are looking for additional borrowing – all of these are valid reasons to give Galon Mortgage a call to discuss debt consolidation options.
If you’re self-employed you aware of the variety of methods of managing money. As a self-employed individual, there are unique rules and regulations applied to borrowing, and we work with lenders who understand your unique position.
At Galon Mortgage, we believe in helping individuals succeed and achieve their life goals by offering services that are shaped to help you succeed. Self-employment and entrepreneurship offers unique opportunities for individual who want to realize their dreams. Give us a call to discuss your borrowing needs.
Investing in a recreation/vacation property is a life decision that will pay you back in multiples with the memories that you and your family and friends will create. Whether you are looking for a cottage to spend weekends or plot of land to build your own retreat, we want to help you establish a borrowing structure that will give you flexibility and options that will fit your needs.
We are excited to hear about how you are planning to spend your leisure time and we’ll find a suitable lender to provide you with the funds. There are a variety of ways to mortgage a second property and to leverage your current equity and that is why you should give Galon Mortgage a call for professional advise.