Residential & Commercial Mortgages In Toronto, Ontario

Private Mortgages | Mortgage Refinancing | Self-Employed Mortgages

When looking for a Mortgage Broker in Toronto, look no further than MassMortgageGroup.com. We have immense experience serving the city and its surrounding areas, and dealing with various lenders and institutions to provide mortgages for all your home investment needs. We will continually be by your side when you require us and will not leave you in a challenging situation. When any changes occur in the market, you will be the first to know.

When you’re ready to purchase a home in downtown Toronto, it’s clearly important to negotiate from the strongest possible situation. In a fiercely competitive real estate market such as Toronto, it’s common for potential buyers to have to tussle for the home they want. This gives the seller the luxury to be selective about which buyer they wish to negotiate with. Therefore, it’s important that you leverage your own superiority to ensure your proposal is the one the seller accepts. A vast majority of buyers put themselves at an overwhelming disadvantage by approaching the process entirely wrong. If you view the process from the seller’s perspective, the point becomes uncomplicated. If you were looking to sell your home and were to receive multiple offers, in all obviousness, you would favor the offer which had a certificate showing Financing Approval over other offers which were Conditional on Financing.

Besides, if you're coming up for renewal, looking to refinance, or requiring more money for any purposes, our group of mortgage agents and brokers is well equipped to manage all of your borrowing needs. Our mortgage services are all about serving you and your family find the best possible way to address your home financing needs. We can even assist you if you're a first-time homebuyer or have bad credit and don't know where to begin. If you're searching for a mortgage broker/agent serving Toronto, let our knowledge give you the confidence. We can help.

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Speak Today to one of Our Toronto Mortgage Agents or Brokers at (905) 707-9595

Form Introductory Text

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  • 1. WHAT IS THE ADVANTAGE OF WORKING WITH A MORTGAGE AGENT/BROKER?
  • 2. WHAT IS A HOME EQUITY LOAN?
  • 3. WHAT ARE THE ADVANTAGES OF A HOME EQUITY LOAN?
  • 4. WHAT CAN I USE A HOME EQUITY LOAN FOR?
  • 5. HOW DO I CALCULATE THE EQUITY IN MY HOME?
  • 6. WHAT IS A SECOND MORTGAGE?

Experience: All our mortgage brokers are well-versed in every aspect of the mortgage industry. Moreover, our team consists of seniors, with each possessing more than ten years of experience.

Independent: While we represent both borrowers and lenders, we are independent brokers who work for you, and not the bank! This is because our business is primarily built through referrals, which means your satisfaction and your positive mortgage experience is essential for our business.

Efficient service: Our services are quick, friendly, and highly customer-centered. We are committed to serving you even after your transaction is complete. We’re available at all times to answer your questions and work around your schedule, to help you save time and energy.

Excellent connections: We have access to a network of over fifty lenders, which enables us to offer various programs as well as customize each mortgage product to suit your needs. With us, the SKY is your limit, not your bank!

No cost. We get compensated by the lender for arranging mortgages. So, fees are the least concern for the majority of our clients. All our mortgage market updates and annual reviews provided by our agents are also free of cost.

Real estate usually appreciates over time, so the chances are the value of your home has increased since you bought it. By obtaining a Home Equity Loan or Mortgage, you can get access to money based on the increased market value.

You can calculate how much you can borrow with a home equity loan by using the following equation:
PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY

For example:
If you bought a home 20 years ago for $400,000 and have paid $250,000 of your first mortgage you now only have $150,000 remaining to pay.

Over the twenty years that you have owned the home, its value has increased, giving it a present-day value of $850,000. By taking the present-day value and subtracting the amount remaining on your mortgage, you will get your home’s equity.

$850,000 (PRESENT DAY VALUE) – $150,000 (AMOUNT REMAINING ON INITIAL MORTGAGE) = $700,000

With MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.

Capitalizing on a Home Equity Loan has two primary advantages.

  1. Lower interest rate.
    The interest rate you pay on your average home equity loan is lower than the interest rate you will pay on your average credit card by at least eight percent. Home equity loans also have a lower interest rate than personal loans and other types of non-secured debt.
  2. Tax savings.
    If you obtain a home equity loan, you may be able to deduct the interest you pay on the money you borrow. However, it depends on what the money is used for. Also, the interest you pay on credit cards and personal loans is generally not tax-deductible.

You can use a home equity loan for anything you need the money for. Some of the common reasons people apply for a home equity loan are:

  • Home improvements
  • Investment purposes
  • Debt consolidation
  • To buy another piece of property
  • Pay off educational expenses/tuition
  • Start a business or grow an existing business
  • Take a dream vacation
  • Finance medical emergencies
  • For additional cash flow.

You can calculate how much equity exists in your home by using the following equation:
PRESENT VALUE OF YOUR HOME – THE AMOUNT OWING ON YOUR MORTGAGE = HOME EQUITY

To do so correctly, you first need to calculate how much home equity you have by following the formula mentioned above. Once you’ve determined your home’s equity, with MASS Mortgage Group’s home equity loan, you can have access to a portion of your home’s equity within ten days.

The mortgage you obtained to purchase your home is your first mortgage. Any subsequent mortgage or a home equity loan on the same house is considered to be your second mortgage.
Usually, a second or third mortgage is used by clients to consolidate outstanding debt from other sources and finance the following.

  • A home renovation
  • Pay for a child’s education
  • Start or finance a business
  • Any other reason you deem fit.

Before you obtain a second mortgage, you must have a thorough understanding of how it works. To help you better understand how second mortgages work, reach out to the experts at with MASS Mortgage Group. We will help find the best financing solution for you.