First-time Home Buyers

Purchasing a home for the first time is a substantial purchase. It is a tremendous investment that can get extremely complicated, especially for first-time homebuyers. And understanding the home buying process is a great way to make making a decision a lot less stressful.

Here at Mortgage Residence, we ensure that you secure a home mortgage with your best interest in mind. We connect you with leading bank institutions, giving you access to competitive home mortgage rates. We’ll also hook you up with a knowledgeable broker that’ll guide you throughout the process. By securing a mortgage with us, we can guarantee that you’ll get a bank mortgage that accommodates your budget. After all, our goal is to make things easier for first-time homebuyers.

New to Canada

Purchasing a new home when you are new to Canada can be an overwhelming process. And we’re here to simplify it! We provide a home equity mortgage for all your needs. If you are new to Canada, have poor credit, or are self-employed, we’ll ensure you receive the best rates for your home mortgage loans.

Second & Third Mortgages

If you’re looking for a private loan with flexible terms, you’ve come to the right place. Most banks will often deny your claim or offer you unreasonable rates. At Mortgage Residence, you won’t have to worry about any of that. We’ll provide you with a second or third mortgage fast, with negotiable terms.

When Do You Need a Second or Third Mortgage?

  • Your bank denies your mortgage claim
  • Poor credit or self-employed
  • Looking for a private loan without having to pay high penalty fees
  • Luxury property financing

Renovation Mortgage

Renovating a home can be an expensive project to take on. You may find obtaining the funds for a large-scale remodelling project challenging. To make things a little easier, we are pleased to offer renovation mortgages to our clients. We offer multiple financial solutions to meet your home improvement needs.

We save you the headaches of hidden fees and penalties that come with banks, and solely offer you a loan with negotiable terms. Whether you need the money upfront or in installments, we put your comfort first!

Fixed-Rate vs. Variable-Rate Mortgages

Choosing between a fixed-rate loan or variable-rate loan is a crucial step in coming to terms with your mortgage. Both options have their advantages, so it’s essential to understand which works best in your situation. Fixed-rate mortgages have a set interest rate for the entire duration of the contract, while a variable rate loan has fluctuating rates based on current market conditions.

We recommend fixed-rates for those who plan to pay off their mortgage over a longer period, and variable rates for those looking for a shorter-term payment period. Visit our Fixed-Rate vs. Variable-Rate Mortgage page to learn more.

To get instant approval, call us today! For more clarity on mortgage payments, check out or free home mortgage calculator. Mortgage Residence makes getting a home loan more accessible than it’s ever been!