Matt McKillen Toronto Mortgage Planner

06/17/2020

Excellent article regarding HSBC’s 5 year fixed 1.99% offering everyone is buzzing about. Interest rate is just one compelling factor when choosing a mortgage. This article explains that if you break the mortgage 3 years early, which 70% of Canadians break early for ine teason or another, on a 400k mortgage you could expose yourself to a penalty of over $23,000 dollars. If you take a mortgage at a slightly higher rate with a lender that calculates break penalties friendlier, you would only be exposed to a penalty of $1900. I would rather make a payment $20 dollars higher per month than lose a additional $21,000 in a penalty. Please
call me for options.

Why HSBC’s 1.99% Five-Year Fixed-Rate Mortgage, the lowest rate being offered in Canada right now, can cost you more than you realize.

06/14/2020

Great overview of the mortgage renewal process. Please contact me for options versus just taking the one offer from your existing lender. It costs you nothing to just transfer your balance at a lower interest rate. The receiving lender will cover any costs and you could benefit from cash back on some programs. Contact me for info!

07/25/2018

Free download of my mortgage application. Calculate payments, closing costs, review rates and all my contact info. It’s the most robust application available in Canada.

Download the #1 mortgage app in Canada using my personal install buttons above so you can get exclusive access to all premium features.

06/10/2018

Amen!!

10/27/2017

Concerned about the new rule changes January 1st?? Contact me to clarify and navigate you through the changes. I am here to destress you from the new stress test.

Do the new mortgage rules have you feeling lost? Mortgage Architects is here to help!

03/30/2017

Here is a promo code to waive the ticket charges for The Property Show being held this Saturday April 8th. Use the cone MAFB on the website to get free tickets. If you are a property investor, first time buyer or interested in hearing from the experts on the Toronto Real Estate market and abroad, you don't want to miss this event. I'll be speaking on the main stage at 3pm.

The Property Show is an event geared towards consumers, real estate investors and industry professionals.

04/11/2016

Great repayment tips from one of my lender partners!

The quicker you reduce your principal, the more you can save in interest. In fact, you can save thousands of dollars in real estate mortgage...

03/23/2016

Here is a simplified calculator that explains the new downpayment calculations for insured mortgages with a purchase price over 500K. Feel free to contact me for clarification or mortgage assitance.

Determine whether your new mortgage will be effected by Canada's new mortgage down payment rules.

11/27/2015

Mortgages are great; they make it possible to buy a home even if you don't have hundreds of thousands of dollars laying around in the bank. But you know what's even better? Paying your mortgage off.

11/27/2015

Contact me 3 months prior to your renewal for better options.

This is your chance to shop around and find a lower interest rate.

11/05/2015

Spring housing predictions from CMHC for Canada

Mortgage Architects is a Canadian Mortgage Brokerage supported by a network of experienced and caring Mortgage Brokers who have access to more than 50 lending institutions. Our head office is located in Mississauga and we have regional offices in Vancouver, Calgary, Laval and Halifax.