A “no stress test mortgage” refers to a mortgage product that does not require the borrower to undergo the mortgage stress test, which is a mandatory qualifying requirement in Canada.

The stress test is designed to ensure that borrowers can still afford their mortgage payments even if interest rates rise significantly.
Obtaining a no stress test mortgage may be an option for borrowers who are unable to pass the stress test or have difficulty meeting the debt service ratios required by traditional lenders. However, these types of mortgages may come with higher interest rates and stricter requirements, such as larger down payments and more extensive credit checks.

It’s essential to carefully consider the risks and consequences before choosing a no stress test mortgage. It’s always a good idea to seek professional financial advice and work with a licensed mortgage broker to explore all available options and find the best mortgage product to suit your needs and financial situation.

Call me at +1 437-353-9977 or email me at



A “no payment mortgage” is a type of mortgage product where the borrower does not make any regular mortgage payments during a specific period, usually ranging from 6 months to several years. Instead, the interest charges and any other fees are added to the principal balance of the mortgage.

While a no payment mortgage can be appealing for some borrowers, it’s important to understand that interest charges and fees continue to accrue during the payment-free period, which means the overall cost of the mortgage will be higher. In addition, at the end of the payment-free period, the borrower will have a higher mortgage balance, which means higher monthly payments going forward.

It’s also important to note that no payment mortgages are not very common and may come with stricter requirements, such as higher down payments or more extensive credit checks. Borrowers should carefully consider all the risks and consequences before choosing this type of mortgage product.

It’s always a good idea to work with a licensed mortgage broker and seek professional financial advice to explore all available options and find the best mortgage product to suit your needs and financial situation.

Call me at +1 437-353-9977 or email me at



A “no credit mortgage” is a type of mortgage product where the lender does not require the borrower to have a credit history or credit score to qualify for the mortgage. This type of mortgage may be an option for borrowers who have little or no credit history, or who have a poor credit score.

However, it’s important to note that no credit mortgages are not very common and may come with higher interest rates and stricter requirements, such as larger down payments or more extensive income verification. Lenders may also require borrowers to have a co-signer or provide additional collateral to secure the mortgage.

It’s important for borrowers to understand that having no credit history or a poor credit score can make it more difficult to obtain a mortgage, and may limit the available options or result in higher costs. Building and maintaining a good credit history is essential for obtaining favorable mortgage terms and interest rates.

If you’re considering a no credit mortgage, it’s essential to seek professional financial advice and work with a licensed mortgage broker to explore all available options and find the best mortgage product to suit your needs and financial situation.

Call me at+1 437-353-9977 or email me at



A “no income mortgage” typically refers to a mortgage product that doesn’t require the borrower to prove their income. However, these types of mortgages are not very common and can be difficult to obtain.
I work with many different lenders and have access to a broad range of mortgage products. This means I can help you find the mortgage with No Income Verification.

These options are for borrowers who can’t provide traditional proof of income. However, these types of mortgages often come with higher interest rates and stricter requirements.

It’s important to note that borrowing money without being able to repay it can lead to financial hardship and may not be in your best interest. If you’re considering a no income mortgage, it’s essential to seek professional financial advice and fully understand the risks and consequences before making any decisions.

Call me at +1 437-353-9977 or email me at

Real Estate

4 Hidden Problems That Could Be Hurting Your Home Sale

June 12, 2020 | Posted by: Maxium Maurice Dsouza
One of the biggest fears that home sellers have is that their property will end up on the real estate market for months on end. This is a nightmare for a number of reasons. First of all, having your house listed on the market for more than a month or two can cause a huge strain on your finances, especially if you’ve just moved into a new home. Secondly, a house that has been on the market for a long period of time is less likely to sell, often because buyers come to assume there is something wrong with it. If your house has been on the market for more than a few months, and you’re sure you’ve priced it right, then there may be an unseen factor that is hurting your chances at selling. Here are four such factors that could be hindering your home sale:

1. Messy neighbors

You may have put a lot of time and resources into making sure your home’s curb appeal is top notch. However, your home’s curb appeal can be affected by your neighbor’s lack thereof. If you live next to someone who has neglected their yard, buyers can easily be turned off. This is especially true if your neighbor’s yard isn’t just overgrown and unkempt, but has also become a mini-junkyard of sorts, the landscape littered with rusted and broken lawn equipment. This can be difficult to deal with, since you can’t force your neighbor to do anything about it. Try organizing a block-wide cleanup in the hopes that the neighbor will take part as well. If this doesn’t work, try talking to the neighbor — you can even offer to help. If this still doesn’t get you anywhere, there’s a good chance your local health or zoning department will help if your situation is truly intolerable.

2.Poor parking
Does your house require off-site parking? Does your street have weekly street cleanings that require half the road to be cleared? These are issues that can become a real nuisance to some people, especially buyers that have more than one car in their family. If there are issues with parking, then buyers are going to figure it out right away as they try to find a place to park in order to come look at your home. Consider offering to pay the first month’s fee at a nearby garage or to pay for a resident parking sticker as an incentive.

3. Thin walls and ceilings
Can you clearly hear when someone is walking around upstairs? If you turn the TV on in your living room, can you hear it in every other room of your house? If so, your home probably has thin walls and ceilings. Not only will buyers be discouraged by the fact that they can hear every sound disturbance from anywhere the house, but they’ll be turned off by the lack of privacy that this affords them. There are a few solutions to this. Adding carpeting to your flooring can help create sound barriers, although this is a typically costly improvement. A more affordable alternative would be to have cellulose insulation blown into your walls and ceilings. Not only can this help reduce the amount of sound that travels from room to room, it can also have a positive effect on the heating costs of the home.

Noise pollution

You may still have an issue with outdoor sounds leaking into your home even if you’ve taken care of your thin walls and ceilings. If your home is located near a busy road or a train line, then these sounds will most likely be heard inside of your house. You may have gotten used to these sounds years ago. The first thing you should do is look up local noise regulations to see if there are any nearby violations you can report. Other solutions include making sure to seal any gaps around your home that could be letting sound in, such as around your windows. You may need to caulk your windows to help prevent outdoor sound from penetrating your home. Blackout curtains can help a great deal as well.

Sometimes, no matter what you do in terms of prepping your own home for sale, there could be unseen influences that are killing your sale. These are some of the more common hidden problems that could be driving potential buyers away.

Real Estate

The Benefits of Investing in Income Producing Properties

June 19, 2020 | Posted by: Maxium Maurice Dsouza

Making money in any real estate venture is a difficult task, and many people don’t have the skills (or the stomach) for flipping houses. An alternative to this intrinsically risky activity is to purchase a property for the long term and rent it out. These types of income properties are becoming more and more common and the following article will touch on why income properties make so much sense.

Low Interest Rates
Interest rates are currently at historic lows, and the central bank does not appear to be interested in increasing the rate any time soon. These rates allow investors to finance their properties more easily and allow them to offset a great deal of their reduced housing expenses via the income generated by renting the property. It is important to consider other costs associated with the property such as utilities, insurance, maintenance, and property taxes, but by renting out your property you are effectively having someone else pay down your mortgage for you.

Using Equity for Future Redevelopment
Holding an income property as a long-term investment means that over time you will be paying down a significant amount of your mortgage while, potentially, seeing appreciation in your property value. This long-term strategy could leave you in a position for future redevelopment of your property using mostly income (or equity) generated from your property.

Tax Implications
Depending on your local taxing jurisdiction there are likely some tax implications to consider before renting out a property. It’s important to understand the details related to property taxes, income taxes, and capital gains taxation. It is also crucial to understand what expense items are income-tax deductible. In many cases you will be able to deduct mortgage interest, utilities, property taxes, property management fees, and many other items. Some areas also permit investors to incorporate, allowing them to be taxed at the corporate tax rate while they pay themselves dividends. Each situation is different but incorporating can result in a corporate income-tax rate significantly lower than a person income-tax rate.

Grants from Municipalities
The need for higher density is a major priority for many local jurisdictions, and grant programs are becoming a popular way for municipalities to encourage investors and homeowners to add suites to their properties. These grants will not typically cover the entire cost of constructing a suite at your property, but some municipalities offer incentives of up to 25% of the construction expense.

Gaining Equity by Adding a Suite
Adding a rental unit, or multiple rental units, will typically add substantial equity to your property. This means that on top of having an investment that is generating income on a monthly basis, you will also have extra equity available if you do decide to sell your property in the short term.

It is important to remember that as a rental investment, your property doesn’t need to be renovated to a brand new level. Sweat equity is great, but try to keep costs reasonable, and maintain building quality at a level comparable to the local market, and expect to see some depreciation over the life of your investment.

Long-Term Returns
The biggest benefit of holding a long-term income property is the return you will see over your investment horizon. Your property will produce income regularly, and hopefully appreciate in value, and this could all be happening while you’re paying down some form of housing debt. For these reasons, the returns an investor can expect to see from their purchase or development of an income property have the potential to far outperform most other investments of a similar size.


Should You Spend the Full Mortgage Amount You’re Approved For?

Before you start shopping for a new home, you’ll need to know exactly how much house you can afford. Otherwise, you could end up in a home that is way out of your budget. What you qualify for may not be what you can actually afford, based on your personal situation. Only you can decide how much you’re comfortable paying every month.

How Much Home Can You Afford?

While you may be tempted to spend the full amount of mortgage you’re approved for, you should take your total expenses into consideration. When deciding how much to spend on a home, remember: your decision should be based on:

Your current expenses – Even if your mortgage amount is under 40 percent of your total debt, you may have other expenses not taken into consideration by the lender or the bank. Take into account your down payment, closing costs, monthly debt payments, and other living costs – such as groceries, transportation, and dining out.

Your future expenses – If your financial situation changes in the future, will you still be able to afford your home? Your pre-approval is based on your current income and debt levels. Consider whether you’ll still be able to pay your monthly mortgage if you lose your job or take on more expenses.

Your lifestyle – Take a look at your current budget. Are you going to have to make cutbacks or changes to your current lifestyle in order to live comfortably with the mortgage amount? Decide what parts – if any – of your lifestyle you’re willing to sacrifice. You may decide giving up certain aspects of your lifestyle are worth getting into a ‘better’ home. On the other hand, you may feel happier spending less on a home if you can maintain other aspects of your lifestyle. Figure out your priorities, and go from there.

How is Your Mortgage Amount Determined By the Lender?

When you go to a bank or lender for a mortgage pre-approval, you’ll receive a quote for the maximum amount you can borrow. Banks and lenders use specific calculations – called mortgage ratios – to determine what you can afford based on your overall monthly debts, including housing costs. These ratios are:

Gross Debt Service (GDS) Ratio – Your mortgage expenses (principal, interest, utility costs, condominium maintenance fees, and property tax) should represent no more than 32 percent of your gross annual income.

Total Debt Service (TDS) Ratio – The gross annual income needed for all debt, including housing costs, personal and car loans, and credit cards. Your total debt should not exceed 40 percent of your gross annual income.

Don’t feel pressured to spend the full mortgage amount you’ve been approved for. Once you’ve considered the above factors, you’ll have a better idea of how much money you should spend on a home.


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Refinancing is a great method to expand your options, acquire financial knowledge, and increase your borrowing capacity. It also helps you save money today, tomorrow, and in the future.

So, why refinance?

Consolidate Debt: Streamline payments, lower interest rates, and be free of worry.

Invest: Grow your net worth by effectively utilizing your equity.

Switch Rates: By making the correct move at the right moment, you may save money in the long run.

Renovate: You may update, improve, or enlarge your house without having to worry about the expense.

It's important to carefully consider the costs and benefits of refinancing and you may Contact Me to determine if refinancing is right for you.



Is Your Mortgage up for Renewal?

Here are some ways in which I can help you:

Reviewing your mortgage terms: I can review your existing mortgage terms and help you understand them better. I can explain any clauses, penalties, or fees that may apply if you choose to renew your mortgage with your current lender.

Shopping around for better rates: I can help you shop around for better mortgage rates and terms. I have access to multiple lenders and can compare different mortgage options to help you find the best one for your financial situation.

Negotiating on your behalf: I can negotiate with lenders on your behalf to get you better mortgage terms, such as lower interest rates, reduced fees, or flexible payment options.

Every few years life changes and so does your mortgage term, talk to me and I can guide you to make an informed decision based on your current lifestyle and needs.