Kelvin Chan- Mortgage Alliance

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Canada
Toronto, ON
Kelvin Chan- Mortgage Alliance

#1410-5140 Yonge Street,
North York, ON M2N 6L7

5355 Driscoll Drive, Manotick, ON, K4M 1E3

Phone number: 613-252-3389

My main objective is to deliver value to my consumers, and make sure you get the Right Mortgage

07/30/2026

🚨 Don’t assume the HST rebate will automatically reduce your mortgage.

One of the biggest misconceptions I see with pre-construction buyers is assuming the Ontario HST rebate will lower the amount they need to finance at closing.

The reality? It depends on your builder.

Some builders apply the rebate directly at closing if you assign it to them, reducing the amount you need to borrow.

Others require you to pay the full HST upfront, meaning you’ll need to qualify for a larger mortgage and then apply to the CRA for the rebate after closing.

That difference can have a major impact on your financing and the amount of cash you’ll need on closing day.

Before buying a pre-construction home:
✅ Ask your builder how the HST rebate will be handled.
✅ Review your Agreement of Purchase and Sale with your lawyer.
✅ Make sure your mortgage is structured based on the actual closing requirements—not assumptions.

A quick conversation today can save you from an expensive surprise later.

Have questions about pre-construction financing? Put it in the comments and I will answer as soon as I can

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07/23/2026

Should I refinance my current home or just get a new mortgage for property number two? 🏠🤔

I get asked this every single week by clients looking to build wealth through real estate.

Here’s the reality: It’s not an either/or. In real estate investing, these two strategies actually work hand-in-hand! 🤝

Think of it this way:

🏡 Refinancing Property #1 = Accessing Liquidity

Extract your accumulated equity (lenders typically allow up to 80% of your home’s appraised value) to fund your down payment.

🔑 Purchase Mortgage on Property #2 = Securing the Asset

Take out a new mortgage secured against the second property to finance the remaining purchase price.

Depending on your cash flow and goals, you have three main paths:

1️⃣ Cash Savings + Purchase Mortgage: Best if you already have liquid funds and want to keep your current primary mortgage rate untouched.

2️⃣ Refinance #1 + Purchase Mortgage #2: Ideal when your home equity is high, but liquid cash on hand is low.

3️⃣ Refinance #1 to Buy 2 Outright: Great for lower-cost properties, fixer-uppers, or vacant land that traditional mortgages won'’ cover.

💡 The Golden Takeaway: The right strategy looks at your entire balance sheet—balancing breaking penalties, debt ratios, and rental rules to keep your borrowing power intact.

Thinking about adding a second property to your portfolio this year? Let’s look at the numbers together before you start shopping. 📊

👇 Drop "“ORTFOLIO” in the comments or send me a DM to get started!

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07/21/2026

Your bank’s “No” isn’t always the end of the story.

Most buyers don’t realize that standard retail banks rely heavily on rigid default rules—like taking 3% of your balance as a monthly debt hit regardless of your actual payment.

Alternative prime lenders often look at loan structures differently. By simply shifting liabilities into structured minimum payment plans, you can often free up hundreds in monthly qualifying room without paying off the balance early or needing a co-signer.

Mortgage financing isn’t just about rate—it’s about matching your unique situation to the right underwriting rules.

Save this post for when you’re reviewing your pre-approval, and drop any questions in the comments below!

[email protected]

07/03/2026

Just an update for all my viewers 🤙

[email protected]
613-252-3389

06/04/2026

🚨 STOP believing the biggest myth in Canadian real estate. 🚨

You do NOT need 20% down to buy a home in Canada.

In 2026, you can still buy with as little as 5% down depending on the purchase price. Yet thousands of Canadians are staying on the sidelines because they think homeownership is completely out of reach.

Here’s what most people don’t realize: putting less than 20% down may require mortgage insurance, but insured mortgages often qualify for LOWER interest rates from lenders.

Could the “20% down rule” be costing you years of waiting and thousands in missed equity?

👇 Read the full breakdown of a $700,000 purchase in the caption and see the actual numbers for yourself.

Would you buy with 5% down or wait until you saved 20%? Let me know in the comments.

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05/29/2026

🚨 The Canadian homeownership playbook has changed.

If you’re trying to buy a home and wondering why your income isn’t enough anymore, you’re not alone.

A growing number of first-time buyers are turning to parents, family members, and co-signers—not for extra spending money, but simply to qualify for a mortgage under today’s rules.

The reality? Home prices have stayed high, wages haven’t kept up, and even households earning six figures are finding themselves capped by the stress test.

But before anyone signs on the dotted line, there’s something most people don’t realize:

A co-signer isn’t just helping you qualify—they’re taking on full legal responsibility for the mortgage if payments are missed.

This isn’t a trend anymore. It’s becoming the new normal for Canadian homebuyers.

🏠 Did you buy with a co-signer?
👨‍👩‍👧 Would you co-sign for your child?
💭 Is Canada’s housing system broken, or is this just the reality now?

Drop your thoughts below. I read every of them

05/28/2026

Your bank is praying you never learn this. 👀

In Canada, nearly 80% of homeowners just sign their mortgage renewal letter without negotiating… and it could be costing them THOUSANDS. 💸

Here’s the part the banks don’t advertise:
At renewal, you can switch lenders for FREE.

No penalty.
No massive legal bill.
No appraisal costs in most cases.
No loyalty rewards for staying either.

In 2026, banks and credit unions are fighting HARD for mortgage business. That means some lenders are covering the switch fees just to win you over.

Even a 0.3% lower rate could save you thousands over your next term.

Stop auto-renewing out of convenience. Your mortgage is one of the biggest financial decisions you’ll ever make.

Use the free mortgage switch calculator in my bio to see how much your loyalty could actually be costing you. 📉🏡

05/23/2026

Canadians are quietly making sacrifices nobody talks about. 🇨🇦

Skipping dinners. Cancelling trips. Saying “maybe next time” more often than ever before.

While mortgage delinquency rates remain historically low, many homeowners are fighting to stay ahead by cutting back on the things that once brought them joy.

The reality? People aren’t failing. They’re adapting.

And in places like the GTA, we’re starting to see the financial squeeze show up in everyday decisions—from restaurant reservations to family vacations.

But here’s what most people don’t know 👇

New lending changes and specialized mortgage programs are creating opportunities that didn’t exist a few years ago. There may be more options available than you think.

If you’ve felt the pressure of rising costs, you’re not alone.

Comment “SQUEEZE” if you’ve noticed yourself spending differently in 2026, and DM me “SQUEEZE” if you’d like me to review your mortgage options.

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05/22/2026

🚨 The 5-Year Fixed Mortgage is Losing Its Crown 👑

For years, Canadians treated the 5-year fixed like the safest bet in real estate.

In 2026? Not anymore.

The biggest shift I’m seeing right now:

📉 Variable-rate borrowers are positioning themselves for future rate cuts and want their payments to benefit the second rates move lower.

🔒 Meanwhile, the 3-year fixed has become the sweet spot for homeowners who want stability without being locked into today’s rates for half a decade.

The result? More Canadians are ditching the traditional 5-year fixed than we’ve seen in years.

Here’s the truth:

❌ It’s not about predicting the Bank of Canada.
❌ It’s not about “beating the banks.”

✅ It’s about choosing the mortgage that matches your cash flow and risk tolerance.

So what’s your move in 2026?

👇 TEAM VARIABLE
👇 TEAM 3-YEAR FIXED

Comment your choice and I’ll tell you which option is dominating the market this week.

05/21/2026

🚨 If your mortgage renews in 2026, this could cost you an extra $400+ EVERY month.

Remember those 1.79%-2.25% mortgage rates from 2021? Millions of Canadians are about to say goodbye to them.

The result? Higher payments. Tighter budgets. Less money for vacations, sports, savings, and everyday life.

But here’s what most homeowners don’t realize 👇

❌ You don’t have to blindly sign your renewal offer.
✅ You may be able to lower the payment shock.
✅ Re-amortize your mortgage.
✅ Make strategic lump-sum payments.
✅ Explore mortgage relief options available in Canada.

The biggest mistake? Waiting until your renewal date arrives.

Your mortgage renewal could save—or cost—you thousands.

Comment “PLAN” and I’ll send you the steps to prepare before your renewal hits.

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Address

200-2005 Sheppard Avenue E
Toronto, ON
M2J5B4

Website

https://www.mortgagealliance.com/en/mortgage-broker/KelvinKaChunChan/, https://www.linkedin.com/in/kelvinchan9513

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