Obtaining a mortgage is a major step in many people’s lives. That’s why it’s essential to secure the best possible terms to protect your investment. The experts at J. Gérard Fortin & Associates work with over 20 financial institutions and specialized lenders, giving you access to a wide range of offers tailored to your situation. Whether you’re looking for a first-time home loan, renewal, renovation, or commercial project financing, we help maximize your chances of obtaining a competitive rate and flexible terms. This service is offered at no cost or obligation, guiding you through each step with transparency and professionalism.
Selecting a mortgage isn’t straightforward, especially with the variety of products available. Our partner experts at J. Gérard Fortin & Associates guide you in selecting the option best suited to your financial and personal needs.
Working with the experts at J. Gérard Fortin & Associates ensures you’re well-advised to navigate this complex landscape and find the mortgage that fits you best.
Assesses your borrowing capacity before property hunting, preventing unpleasant surprises.
Choose between fixed or variable rates based on your risk tolerance and anticipated market trends.
A shorter term reduces total interest but increases monthly payments; a longer term does the opposite.
Anticipate your needs to negotiate favorable terms during mortgage renewal.
For self-employed individuals, commercial loans, renovations, or credit rebuilding, specific solutions are available.
An option for older homeowners wishing to convert part of their property’s value into cash without selling.
These descriptions are provided only as a guide. Certain conditions, limitations and exclusions may apply to each of these guarantees, as specified in the forms. Coverage is also subject to change without notice. Please refer to the forms provided by your insurer and to their modifications.
Obtaining a mortgage can be challenging for self-employed individuals. Traditional bank criteria often do not align with your reality: you may not have been self-employed long enough, your reported income may be deemed insufficient, existing loans might affect your borrowing capacity, or your declared expenses reduce your net income too much.
If the income reported on line 150 of your tax return does not reflect your true financial capacity, there is a self-reported income program specifically designed for self-employed workers or small business owners who meet certain criteria. These criteria include, among others: a clientele that partially includes individuals, the possibility of cash payments, a profitable service-oriented business, at least two years of operation, a good credit history, a minimum 10% down payment, and full payment of taxes owed.
Service professions and trades, such as construction, residential services, beauty, health, or other personal services, often qualify for this program.
The partner experts at J. Gérard Fortin & Associates Inc. are available to guide you through these steps and help you secure your mortgage. Contact us at 514-729-6001 for a free, no-obligation consultation.
Life can be unpredictable, and unforeseen events might place you in a precarious situation. If your bank issues a 60-day notice of exercise, indicating the start of property seizure proceedings, immediate action is crucial. The experts at J. Gérard Fortin & Associates can analyze your situation and suggest alternative lenders, known as “B” lenders, to prevent property loss and provide an opportunity to rebuild your credit, eventually returning to an “A” lender.
Don’t hesitate to contact us at 514-729-6001 to discuss your situation confidentially and explore alternative solutions to navigate this challenging time.
Are you over 55 with a fully paid-off home? Do you wish to leverage its value without selling? Consider a reverse mortgage. This type of mortgage doesn’t require repayment until you move, sell the house, or upon the death of the last spouse.
A significant advantage of a reverse mortgage is retaining homeownership. However, you must continue paying maintenance costs, property taxes, and insurance. No tax is levied on received amounts, interest can be paid annually in full or partially, and your heirs are protected as the debt will never exceed your home’s value.
To learn more and discuss with an expert at J. Gérard Fortin & Associates, call us at 514-729-6001.
A fixed-rate mortgage guarantees a constant interest rate for the entire term of the loan, providing stability in your monthly payments. A variable-rate mortgage can change according to market fluctuations, which may result in lower or higher payments.
Yes, there are solutions tailored for self-employed individuals. Our partner experts understand the specific requirements of these cases and can help you secure the best terms.
It is important to inform your broker or financial institution. Depending on the circumstances, it may be possible to renegotiate certain terms or adjust your repayment plan. Our partner experts can guide you through these steps.