Rate too high
An independent agent compares products across 55+ bank, monoline and alternative lenders. If your term is still running, we weigh any prepayment penalty against the interest you would save before you move.
What's wrong with your mortgage?
Answer three quick questions. A licensed mortgage agent looks at your situation and walks you through your options on a free call.
Question 1 of 3
Four problems, and what the review looks at
Renewal shock
Start reviewing your options 90 days before your term matures. Straight switches between federally regulated lenders no longer require passing the stress test, as long as your loan amount and amortization stay the same.
Declined by the bank
Alternative lenders look beyond credit scores to your property equity, job stability and income potential. For business owners, bank statement programs look at deposits and cash flow instead of net taxable income alone.
Debt piling up
A refinance can reach up to 80% of your home's appraised value, minus what you still owe, to roll high-interest debt into one monthly payment. It is a new mortgage, so it is tested at the stress test rate.
How the review works
Answer three questions
It takes about a minute. No documents and no credit check at this stage.
Talk it through
Alejandro calls at the time you pick and goes through your situation and the options that fit, in English or Spanish.
Decide with the numbers
Every fee, commission and cost is disclosed in writing before you sign anything. If staying where you are is the better move, you will hear that too.
5.0
49 Google reviews for Alejandro Libaque
“We had a wonderful experience from beginning to end with Alejandro. This was our first home purchase, and he walked us through all the steps and choices to be made with thorough explanations.”
“Alejandro understood my investment strategy and helped me secure my first property with minimal issues. He's professional with his work and is always available for a chat.”
Questions
Does the review cost anything?
The call is free. For most standard mortgages, my compensation is paid by the lender I place your mortgage with, so you pay nothing out of pocket. Fees can apply on some private or non-traditional files, and I explain them in writing before you sign.
Will switching lenders cost me money at renewal?
In many straight switches, the new lender covers the standard appraisal and legal transfer fees. We outline all costs upfront so you see your exact net savings.
Can I get a mortgage while I am in an active consumer proposal?
In some cases, yes. Certain alternative and private lenders allow you to refinance your home equity and pay out your consumer proposal at closing. That has credit and cost implications, so I walk through them with you first.