Khurram Chaudry - K the Mortgage Agent

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Markham, ON
Khurram Chaudry - K the Mortgage Agent

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Ontario Mortgage Specialist. Expert in tailored solutions for residential, commercial & investments.

Having invested in his first real estate property at the age of 21, Khurram’s passion for home ownership, and building an investment real estate portfolio, has naturally evolved in to an interest in helping others explore the benefits of real estate. As a mortgage agent, Khurram’s goal is to instill confidence in his clients so that they too can forge a similar path to achieve financial freedom and their home ownership dreams. By understanding your short and long-term financial goals, Khurram is committed to educating his clients on all the options available to them so they can make the best decisions for their future.

11/02/2026

Renewing in 2026–27? Switching lenders just got easier. 🔁

A straight switch at renewal (same loan amount, same amortization, just a new lender) doesn't need to pass the stress test again. Insured mortgages already could, and since Nov 21, 2024 uninsured mortgages can too.

So shop your renewal. Send me your renewal letter: DM RENEW.

Lender policies vary. Subject to lender approval.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

11/02/2026

Self-employed? You earn more than your tax return says. The bank only reads the return. 📄

Lenders typically look at your last 2 years of T1 Generals and NOAs and average them (or use the lower year if income dropped). Every write-off that saves tax shrinks the income they see.

There are 3 lanes: bank/A lender, alternative/B lender, private. The right one depends on how your income shows on paper.

Get ready: taxes filed and paid, a separate business account, and a write-off plan with your accountant.

DM me SELF and I'll match your file to the lender that reads it best.

Example figures. Subject to lender approval.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

11/01/2026

Fixed or variable? Wrong question. 🤔

The real question is how much your payment can move before it hurts.

Fixed locks your payment and follows bond yields, but breaking it can cost more. Variable moves with prime, and the penalty is usually 3 months' interest. Can't decide? Look at a shorter fixed term or a hybrid.

Renewing or buying? DM me RATE and we'll pick the one that fits your life, not this week's rate sheet.

Penalty terms vary by lender. Check your contract.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

11/01/2026

Save this before you start house hunting. 📌

8 documents to gather for a pre-approval: photo ID, job letter, 2 recent pay stubs, 2 years of T4s/NOAs, 90 days of bank statements, a gift letter (if gifted), your current mortgage statement (if you own), and a list of your debts.

Self-employed? The list is different, so ask me. DM START.

Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/31/2026

Your next property might already be inside your house. 🏠→🏘️

Example: home worth $900,000. Most lenders refinance up to 80% = $720,000. Minus the $450,000 you owe = up to $270,000 you could access.

3 ways to unlock it: refinance, HELOC (revolving portion up to 65% of value), or a second mortgage.

Check first: your penalty, whether your income still qualifies, and whether the new property cash-flows on its own.

DM me REFI and I'll work out your number.

Example only, before costs and penalties. Subject to income qualification and lender approval.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/31/2026

Your house might be sitting on your next down payment. 🔑

$900K home × 80% = $720K. Minus $450K owed = up to $270K you could put to work: a rental down payment, renovations or a second suite, or paying off expensive debt.

What could yours do? DM me REFI.

Example only. Subject to income qualification & lender approval. Penalties may apply.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/31/2026

Boo. 👻 5 mortgage moves scarier than tonight:

1. Changing jobs before closing
2. Financing a car before closing
3. Auto-signing your renewal
4. Missing any payment, even a phone bill
5. Big deposits you can't explain

Buying or renewing soon? DM me START and I'll keep your file spook-free.

Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/30/2026

Myth: "My bank gives me its best rate because I'm loyal." ❌

Fact: loyalty isn't priced in. Your renewal offer is one offer.

Compare it before you sign. Staying is fine, if you choose it on purpose. DM me RENEW.

Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/30/2026

You saved the down payment. Now save for these. 🏡

On a $700,000 first home in Ontario:
• Ontario land transfer tax: $10,475, minus up to $4,000 for first-time buyers = $6,475
• In Toronto, add the municipal LTT: $10,475 minus up to $4,475 = $6,000 more
• The hidden one: Ontario's 8% sales tax on mortgage insurance is due in cash at closing (≈ $2,096 in our example)
• Then legal, title insurance, inspection and adjustments. Budget 1.5–4% of the price.

First home soon? DM me FIRST and I'll work out your real closing number.

Estimates only. Sources: Ontario Ministry of Finance, City of Toronto, CMHC.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

10/29/2026

Your first rental isn't financed like your home. 🔑

• Won't live there? Plan on at least 20% down.
• Living in one unit of a 2-unit home: from 5%. In a 3–4 unit home: 10%.*
• Lenders count only part of the rent to qualify you.
• Run 4 numbers before you offer: rent, payment, carrying costs, vacancy.

The #1 mistake is finding the property first and the financing second.

Planning your first rental? DM me INVEST and we'll run the numbers before you make an offer.

*Insured, owner-occupied: 5% of the first $500K + 10% of the rest (2 units); 10% (3–4 units). Premium applies. OAC.
Khurram Chaudry, Mortgage Agent Level 2 | Magellan Capital Network, Brokerage Lic. #13521 | 905-518-0104

Address

308B-80 Acadia Avenue
Markham, ON
L3R9V1

Telephone

+19055180104

Website

http://www.khurramchaudry.com/

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