Residential Mortgage

The minimum down payment can be as low as 5% for an insured mortgage. Alternatively, if you choose not to buy mortgage insurance, the minimum down payment requirement is 20%. We tailor our services to best meet the client’s needs based on their individual financial situation.

If you are a Canadian citizen or permanent resident but have overseas income, we can still assist you in applying for a mortgage in Canada.

An increase in the number of properties owned can significantly impact your mortgage application. Each time an additional property is acquired, the calculations for a new mortgage application change, and securing a mortgage becomes increasingly difficult. Fortune Link Mortgage Group has extensive experience in assisting clients with multiple properties in applying for mortgages, with one client owning as many as 10 properties. So, if you already own several properties and need to apply for another mortgage, feel free to reach out to Fortune Link Mortgage Group for assistance.

Each bank’s mortgage policies vary slightly. Since we work with over 50 banks and financial institutions, we are highly familiar with the mortgage policies of many lenders. This allows us to assist clients with low reported income in finding the most suitable bank and loan solutions for their needs.

When applying for a mortgage in Canada, your credit score is very important. Generally, banks prefer a score of 680 or higher. However, we have successfully helped clients with credit scores below 680 secure mortgages, with some as low as 400. If you’re concerned that a low credit score may affect your mortgage approval, feel free to contact us for assistance.

A reverse mortgage is a type of loan specifically designed for individuals aged 55 and older. If you are 55 or older and own a home that is fully or nearly paid off, you may qualify for a reverse mortgage. This mortgage has minimal qualification requirements for the borrower, and no monthly payments or interest are due until the mortgage is fully repaid or the borrower passes away. It is an ideal option for those looking to enhance their retirement lifestyle through a lump sum payment or regular monthly payments. Additionally, the older you are, the higher the loan amount you may qualify for. If you’re interested in this type of mortgage, feel free to contact us at any time.