British Expats - Mortgage for Toronto

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nottingham

Feb 10th 2006 5:26 am

Mortgage for Toronto

Can anyone recommend a Mortgage broker in Toronto.

We have been quoted for a mortgage by our bank, but they want 35% deposit?

Can anyone help as we were looking to put down 15-20%?

Souvenir

Feb 10th 2006 5:45 am

Re: Mortgage for Toronto

Quote:

Originally Posted by nottingham

Can anyone recommend a Mortgage broker in Toronto.

We have been quoted for a mortgage by our bank, but they want 35% deposit?

Can anyone help as we were looking to put down 15-20%?

35% sounds on the high side. You can get less than that. Bear in mind, though, that if you put down less than 25%, you're very probably looking at mortgage indemnity insurance - a one-time premium that can be rolled into your mortgage loan.

We got our mortgage through FirstLine.

ray1968

Feb 10th 2006 8:58 am

Re: Mortgage for Toronto

Quote:

Originally Posted by Souvenir

I have a mortgage broker , please PM or email me for details

Ray

Souvenir

Feb 10th 2006 9:51 am

Re: Mortgage for Toronto

Quote:

Originally Posted by ray1968

I have a mortgage broker , please PM or email me for details

Ray

Why? I've already got a mortgage.

ray1968

Feb 10th 2006 10:45 am

Re: Mortgage for Toronto

Quote:

Originally Posted by Souvenir

Why? I've already got a mortgage.

it was meant for the original poster

Souvenir

Feb 10th 2006 10:49 am

Re: Mortgage for Toronto

Quote:

Originally Posted by ray1968

it was meant for the original poster

Oh, OK. You probably meant to reply to the OP's post and not mine.

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