Tom Brothers Financial Inc.

Tom Brothers Financial Inc. We Finance All Your Dreams! We specialize in residential and commercial mortgages, providing flexible financing solutions to our clients since 2008.

05/01/2026

Don’t wait until you’ve saved a huge down payment to buy a home.

Most buyers think it has to come 100% from their own savings — it doesn’t.

Here’s what can actually be used in Canada:
• Savings or investments
• RRSP withdrawals using the Home Buyers’ Plan
• A gifted down payment from immediate family
• Equity from an existing property
• Proceeds from selling a home

As long as it’s clear, traceable, and documented — it counts.

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As expected, Bank of Canada holds interest rate at 2.25%, their third hold so far this year.
04/30/2026

As expected, Bank of Canada holds interest rate at 2.25%, their third hold so far this year.

04/29/2026

Your mortgage isn’t just a loan—it’s one of the biggest financial decisions you’ll ever make 🏡

Treat it like a strategy, not a transaction.

Smart mortgage planning helps you:
• Stay in control of your budget
• Pay less interest over time
• Align your mortgage with your long-term goals
• Prepare for life’s unexpected changes
• Create opportunities for prepayments and refinancing

The right plan doesn’t just get you into a home—it sets you up for flexibility, stability, and long-term financial growth.

Most people focus on the rate. The smart ones focus on the strategy.

Follow for practical mortgage insights.

04/29/2026

I mean it's better than nothing 🤣

In the Toronto market, the size of your down payment does more than just affect your monthly bill, it determines which "...
04/24/2026

In the Toronto market, the size of your down payment does more than just affect your monthly bill, it determines which "category" of mortgage you fall into.

Understanding the difference between High-Ratio and Conventional mortgages is a key step in your GTA home-buying journey. 🏠

High-Ratio (Insured) Mortgages
If your down payment is less than 20%, you have a high-ratio mortgage.

• The Catch: You must pay for mortgage default insurance (like CMHC). This premium is usually rolled into your loan.
• The Perk: Because the lender is protected by insurance, you often qualify for lower interest rates than conventional borrowers.

Conventional (Uninsured) Mortgages
When you put down 20% or more, your mortgage is considered conventional.

• The Catch: Interest rates can be slightly higher because the lender takes on more risk without federal insurance.
• The Perk: You avoid insurance premiums entirely, saving you thousands up front. You also gain flexibility, such as the ability to extend your amortization to 30 years to lower your monthly payments.

Deciding which path to take depends on your cash flow and how quickly you want to enter the market. ⚖️

Follow for more GTA mortgage tips.

📞 1-905-415-1115
📧 [email protected]

04/23/2026

Why do mortgage brokers ask for so much detail?

Because precision matters.

Every piece of information—income, liabilities, credit history, and employment—allows us to accurately assess your profile and match you with the right lender and product.

This level of detail helps:
• Improve your approval chances
• Secure more competitive rates
• Prevent delays or last-minute issues
• Structure a mortgage aligned with your long-term goals

A mortgage is not one-size-fits-all. The more precise the information, the stronger the strategy behind your approval.

04/22/2026

Let’s talk PROOF OF FUNDS.

If you’re buying a property, you need to show the money is there — whether you’re going all cash or using a mortgage.

One of the first things Mortgage Brokers will ask for?
👉 Your Proof of Funds

Basically, it’s evidence you’ve got your deposit or the full amount ready to go.

And no, it’s not us being nosy…
We need it to:
✔️ Check what you can actually afford
✔️ Make sure everything’s legit

Get this sorted early and you’ll move way faster in your mortgage application!

04/21/2026

Buying your first home can feel like everything hits at once…

Your mortgage broker needs documents.
Your lawyer is sending forms.
The agent wants updates.
The lender has more questions.

And suddenly your inbox is… chaos.😅

It feels overwhelming—but here’s the truth:

That usually means things are moving forward.

Every document, every question, every check
is another step closer to getting your keys.

Quick tips for first-time buyers:
• Keep everything in one place (you’ll thank yourself later)
• Respond as fast as you can
• Ask questions—nothing is “too basic”

It might feel messy in the moment…

But it’s all part of getting you home.

04/20/2026

“Not shopping around” can cost you more than you think.

Most people just go to their bank, sign the papers, and move on.

But here’s what they don’t realize:

Another lender could be just 0.5% lower.

On a $1,000,000 mortgage, that difference is:
→ ~$500/month
→ ~$6,000/year
→ $30,000+ over a 5-year term

Same house. Same income. Same credit.

The only difference?
You didn’t compare options.

You count on one thing:
Convenience.

But the easier it is for you…
the more profitable it is for them.

If you didn’t shop at least 3–5 lenders,
you didn’t get the best deal—you got the fastest one.

And “fast” can cost you $30K+.

04/20/2026

Renewing your mortgage in Toronto? Don’t just sign the renewal letter!

Your lender’s first offer is rarely their best — here’s how to secure a better deal:

• Start 4–6 months early
• Shop around and get competing quotes
• Ask for better rates and flexible perks
• Consider fixed vs. variable options and shorter terms
• Use your home equity as leverage
• Work with a mortgage broker — they often unlock deals you won’t see online

A few smart moves now can save you thousands later!

Follow for more mortgage insights!
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Address

7181 Woodbine Avenue, Suite 108
Markham, ON
L3R1A3

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 10am - 4pm

Telephone

+19054151115

Website

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