Switch or Renewal

Term APR 5 yr variable 1.75 1 yr fixed 2.80 3 yr fixed 3.85 5 yr fixed 4.59 10 yr fixed 5.59

Do you have a current mortgage coming up for renewal?

If you do, we can offer you some terrific options.

A very wise move is to shop 4 months in advance of your renewal date. This allows us to do a rate lock for you. Then you can wait and see how rates move, or see what your current bank offers you.

Go with the better deal. It's as simple as that. No commitment. We shop on your behalf.

It's free. By and large there is no cost involved in moving. We are taking one bank instrument and moving it to another bank intact. Sometimes an appraisal is requested, in many cases the bank will pay for it.

Do you prefer branch banking or virtual banking?

A key factor is getting pre-approved.

This is fast and painless and most of all, useful.

A preapproval offers you three advantages:

1. You lock in the rates for 120 days. This rate guarantee can prove invaluable.

2. You are not committed in any way shape or form. If we earn your business we would welcome that. If you choose another route, we wish you the very best.

The pre-approval is a mix of your income, your down payment, the interest rate and your credit rating.

This involves taking details such as:

• Your name
• Your address
• Date of birth
• Social Insurance Number
• Where you work, how long and how much you earn
• Income: is it hourly, salary or commission
• Asset and Liability information
• Down Payment amount and source

There are many options for making your mortgage application:

1. Contact us online using our web contact form here.
   
   
2. Give us a call at 905-388-3176 or toll free at
   1-800-713-0985. We would love to discuss your options and the best mortgage solution for you.
   
   
3. Write us an email with your preferences and any questions you might have. We will promptly reply with tips and advice to help you along in your mortgage planning. Send your emails to advice@fairmortgagesolutions.com
   
   
4. Send a fax with details for what you want for your mortgage to 905-388-1737 or toll free at 1-800-713-0994
   
   
5. Personal meeting at a convenient location for you - your home, your work, our office etc... We won't squeeze you into our schedule - we'll make time for you and fit ourselves into yours!

Whatever you prefer. We will do our best to make it easy and simple for you.

Talk over your situation with us, we can provide advice and options as to what you can do and what the market indicates may be a good route to go.

You want the home to be affordable.

A general ratio is if you are hourly or salaried based, your mortgage payment, property taxes and heating payment should amount to 32% or less of your gross combined income. This called your GDSR.

In addition your mortgage payment, property taxes, heating, all other debt like credit cards, student loans and car loans, should amount to no more that 40% of your gross combined income. This is your TDSR.

Every person is different, every situation is different.

If you are self employed, above doesn't apply. You must use common sense. There are excellent programs for self employed clients.

Statistically, it has been shown that if you keep within these parameters, it is generally affordable for you. Try and make yourself bulletproof.

Save money. Compare.
There is no downside.

The process involves signing a number of documents to transfer from one bank to another. We would be glad to guide you through it.

Take the Next Step

Choose one of the four options below:

1. Apply for a Mortgage Online
2. Call Us at 1-800-713-0985
3. Let Us Contact You
4. Our Contact Info

Apply for a Mortgage Online

Call Us at
1-800-713-0985

Let Us Contact You

Our Contact Info