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Lic # 12487
Enrich Mortgage Group Ltd.-Ontario
Specialties: Residential Mortgages, First-Time Home Buyer, Reverse Mortgages, Self Employed, New Canadian, Alternative LendingApply Now
Stuart is an experienced mortgage professional who loves helping people understand and manage their real estate transactions.
A graduate of McMaster University, Stuart has years of professional management experience with organizations like STARS and TELUS Mobility, plus over 30 years volunteer experience with the Canadian Ski Patrol System.
Stuart grew up in Real Estate, as his father was a Real Estate Broker, Land Developer and Appraiser. Stuart was able to learn all aspects of this industry, and combine it with his passion to help find solutions, to be a strong partner for you.
Stuart is committed to life long learning, as evidenced in his over ten years in the mortgage industry. Stuart is a certified Equifax Credit Professional, to help his clients understand their credit bureaus and improve them. Stuart is a certified Mortgage Broker, the highest level of certification you can get. Stuart continues to educate himself, to help you, his clients, get the best possible service and solutions for your needs.
Stuart is always available to help, ask him anytime and he is happy to respond.
What do his clients say about him?
"“Stuart was extremely helpful in securing not only my new mortgage, but also the bridge financing I needed. He was clear, communicated well and most importantly, he got me a great rate and awesome terms. This was all done with little to no stress, and made the whole experience of moving less daunting. Thanks Stuart!” – Maddy Gillis, Real Estate Broker, RE/MAX Four Seasons
4 reasons why it's smart to use Mortgage Alliance - Enrich Mortgage Group Ltd.-OntarioCheck it out
Borrowing money is harder for many self-employed Canadians. While there is broad recognition that self-employed Canadians are reliable borrowers, it may be difficult to navigate the mortgage process and the different options available specifically for this group. We can help turn the tables. These individuals may run their own businesses, or work in a profession where the main source of their income is predominately capital gains, a form of income that is generally not considered by most “A Lenders”.
We work with self-employed homebuyers every day and understand the challenges that they may face when arranging a mortgage especially with no standard proof of income. Our brokers are experts when it comes to mortgage solutions and have access to multiple options, including mortgage products designed specifically for self-employed Canadians. They can pinpoint which lenders have more favourable terms and requirements and advise you on how you can improve your options to get the best possible rate and terms.
The more complex your mortgage situation, the more sense it makes to use an experienced mortgage professional who can help simplify the process and help you achieve both your short-term objectives and your long-term financial plan. Most of all, they allow you to stay focused on your business, alleviating the burden of many time-consuming and frustrating tasks and meetings associated with securing a mortgage and will also work around your busy work schedule. Many will even travel to your work site if required to make the transaction as convenient as possible for you.
Remember, that independent mortgage professionals work for YOU, not the lenders or banks, so you can rest assured that their advice is unbiased and in your best interest when it comes to finding the right lender and right product to meet your needs. Find out what your options are, give us a call.
If you’re a homeowner over the age of 55 and want to tap into your home equity, a reverse mortgage can be the right solution for you. A reverse mortgage is also known as an “equity release”. With a reverse mortgage, you can access up to 55% of the equity in your home tax-free as a lump sum or monthly cash deposits. The maximum amount you are able to borrow will depend on your age, your home’s appraised value, and our lender. No mortgage payments are required and you maintain ownership of your home. Repayment of the loan and interest is only required once you move or sell the home. At the end of your loan term, you may have less equity in your home. If you don’t make any payments, which is fine, you may have a larger interest payment to make when the home is sold.
A lender will often ask you to consult a lawyer prior to giving you a reverse mortgage to ensure you understand the conditions of the mortgage. The lender can never force you to sell your home to repay the reverse mortgage. It is also important to note that all existing loans on the property, including a mortgage or a home equity line of credit must be paid off prior to getting the mortgage.
Whether you’re looking for a financial cushion to live comfortably, funds to cover monthly expenses, pay off debt, renovate or fund your children’s education, you can use the funds from a reverse mortgage in any way you want without restrictions! What’s more, is if the home goes up in value, it doesn’t affect the reverse mortgage, meaning that all equity gained is yours! Lastly, you can get out of a reverse mortgage at any time by paying off the loan and any interest accrued.
Have a discussion with your mortgage professional to find out if a reverse mortgage is the right solution for you.
With the ever-changing market and a stricter stress test, many Canadians are finding it harder to qualify for a mortgage through traditional financial institutions “A-Lenders” and are turning to alternative lending solutions for their mortgage. At Mortgage Alliance we work with many alternative lenders, who can offer excellent mortgage options with more flexible criteria and more lenient qualification requirements.
Alternative lenders are great for individuals who have non-traditional forms of income for example, capital gains, room rental income, child tax benefits and others or for self employed applicants who may not have the minimum required number of years being self employed.
These lending solutions are also a good option for those with lower credit scores. While the rate they offer is slightly higher than what you will see posted by an A-Lender, they are nothing out of the ordinary when compared to traditional rates posted in Canada. They also generally have shorter terms, meaning that you can get into the home of your dreams while being able to rebuild your credit at the same time.
Buyers who don’t qualify under the mortgage stress test can also take advantage of the expanded debt service ratios allowed by alternative lenders to qualify for a mortgage and get into the home of their dreams. If you have a very unique situation, we also have access to various private lenders who are even more flexible and lenient in requirements and may be able to offer you mortgage options that fit your situation. In today’s environment, we’re seeing more private lenders helping Canadians with their mortgages.
Call your Mortgage Alliance professional to find out about the different options available to you. They are experts when it comes to mortgage products and different solutions and will provide you with unbiased advice. They work for you, not the lender.
Today's Mortgage Alliance - Enrich Mortgage Group Ltd.-Ontario Exclusive Rates
As of March 27, 2023
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