Mortgage

With a team of licensed mortgage brokers working for you, North East Mortgages services all of Canada and deals with over 20 financial institutions in order to provide you with the best residential, commercial or multi-unit mortgage fit for your needs
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Financial Tools

There are many tools available to help you evaluate your financial situation and make your dream of becoming a homeowner a reality.

Borrowing Capacity and Mortgage Pre qualification​

When you start looking for a property, it's in your best interest to determine your borrowing capacity. That way, you know what type of property to lean towards during your search. One approach is to get a mortgage before even finding your property. Thanks to a mortgage ​ pre qualification​ you already know how much money you can borrow, your interest rate and the amount of each payment. You will be able to find a property that matches your means.

Mortgage Loan Insurance

You dream of buying property but you don't have enough for a down payment? Not a problem! Mortgage loan insurance can help make your dream a reality. In general, lenders require you to get mortgage loan insurance when you have put down less than 20% of the property's sale price.

Mortgage loan insurance is applicable to various new or existing properties. Also, bear in mind that a modest down payment means a higher mortgage payment and in the end, a greater total cost. In Canada, mortgage loan insurance is available through Canada Mortgage and Housing Corporation (CMHC) and Genworth Financial Canada.

The Home Buyer's Plan

The Home Buyer's Plan is a government program that allows buyers to withdraw money from their RRSP, without paying tax on withdrawal, in order to purchase a home. Funds withdrawn must be paid back into the RRSP within a fixed time limit.

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Considering Start-Up Costs

Did you know that when you buy a property, you must have money set aside to cover start-up costs? Your down payment and mortgage payments are not the only costs involved, so it´s wise to have some additional savings set aside that can be used for your additional expenses. These expenses should not be taken lightly and some mortgage lenders will even check that you have these funds available before granting you a loan. Mortgage loans are calculated based on the value of your home and, therefore, cannot be used to pay these additional costs.

Here is a list of common start-up costs:

- Property inspection and evaluation
- File processing fee for mortgage insurer as well as any taxes on the premium Notary fees
- Adjustment costs determined by the notary (electricity, heating, municipal and school taxes, equipment rental contract, etc.)
- Property transfer tax (welcome tax)
- Moving expenses
- Service and utilities hook-up fees (phone, electricity, etc.)
- Decorating (paint, curtains, etc.)

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Testimonials
  • Sale of property by Athena Baktis
    If it was not for Athena, getting a second and third opinion, this sale would not have gone through. Athena went to bat for her client, as she should, and she got the ball rolling on the way to a timely signing. I dealt with Athena in 2014 when I purchased my condo and now in 2017 for the sale of the same condo. Athena has always been friendly and helpful, and has always gone above and beyond for me. I really felt that Athena was there for us, she was there to make sure we were being treated honestly.

    I want to take this time to thank Athena for all her help, her time, her perseverance and just for being there for us. Again, without her, the condo would not have been sold yesterday.

    Thank you Athena


    Theo Caimassidis, CPA, CA, MBA
    Kathleen Flynn
    Theo Caimassidis
  • Thank you!
    I'm still so thankful to Eleni Akrivos for getting it sold quickly!!! So many great things have come out of this move to Toronto. If you're in the Montreal area and need some great real estate or mortgage solutions you have to check out her team! Top notch
  • Thank you!
    Thank you Eleni, Fred and everyone at North East Mortgages and Realties for all your hard work. We love our new home!
    Nadia
    Nadia
  • SOLD in Laval
    Excited to have listed my home with Eleni Akrivos ! Ste-Dorothee, Laval. Beautiful area, amazing neighbours. Reason for selling:#TorontoBound
    Ellie Borden
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