About Me
I am an experienced Mortgage Agent with a demonstrated history of working over 18 years in the financial services industry. Representing the Greater Toronto area and all of its surrounding area, I can guide and hold your hand every step of the way through the mortgage process.
Whether you are buying your first, second or third house, refinancing to take out equity, or simply having a question about rate, I will gladly help.
Services Offered
Mortgage Preapproval and
Rate Holds
Shop for your home with confidence. Getting a pre-approval will keep you focused on shopping for homes within your price range. When you qualify for a preapproved mortgage, you will be sure of the size and price of the house for which you qualify. In addition, you will be guaranteed a rate for a specific period so you can make your offer with assurance and minimal conditions, making your offer the best offer.
First Time Home Buyer
Buying your first time can be scary and daunting. Let me help you take all the fear out and make it as exciting as possible for you. You are about to make the biggest purchase of your life, so you will need advice from a mortgage expert. I will give you the facts your bank will not tell you about financing your first home. With access to multiple lenders, I will help you find the best rates and mortgage options to help you buy your dream home.
New to Canada
Being a new immigrant does not mean you must wait to purchase a home. For example, if you have been in Canada for less than three years, have landed immigrant status, and have been employed in Canada for a minimum of three months, you can qualify for a mortgage.
Foreign Buyers
If you want to invest in the Canadian Market, I can help guide you to the perfect home. I can assist you with obtaining a Mortgage in Canada with your foreign income. I can connect you with the best realtors to help you identify the best real estate investment opportunities.
Self-Employed
Being self-employed is a dream for many people, and though it has many tax advantages, it comes with its own disadvantages, such as being approved for home financing. Unfortunately, declaring write-offs and expenses reducing your taxable income is a double-edged sword when trying to qualify for a mortgage. But don't worry, there are solutions!
Home Equity Line of Credit
Tap into your home's equity with a HELOC (Home Equity Line of credit). This will give you access to a large chunk of the equity you have built in your home without paying any monthly payments or interest unless you use it. With interest rates as low as Prime, you can budget for large future purchases or have them ready in case of a rainy day.
Credit Counseling / Repair
Life happens, and sometimes your credit could get bruised in the process. I can help you repair your credit to get your score to where even Tier 1 banks can approve you. Then, using a direct link to Equifax, we can evaluate your credit bureau report and put you on a plan to significantly increase your credit score so that you can qualify for that dream home and pay the least interest possible.
Investment & Secondary Properties
Real estate has been one of the most attractive and lucrative forms of investing. Are you ready to build your investment property portfolio but don't know where to start? I can assist you with formulating your plan to buy that 2nd, 3rd, or 4th property. I will help you explore innovative new options the bank doesn't tell you about.
Budgeting & Expense Planning
Are you considering buying your first or second home in the next few years but don't know if you'll be able to afford the down payment or the monthly mortgage payment? I can assist you with creating a budget to set you on your path to have the down payment necessary and plan out your different time horizon options. A detailed but straightforward plan is the first and best step toward achieving your goals.
Debt Consolidation to Improve Cash Flow
Cashflow is king. Many Canadians are taking advantage of refinancing some of the equity in their mortgage to reduce their credit card debt. Why pay high-interest rates on your bank's credit card debt when you can add that debt to your mortgage and pay a much lower interest rate! One crucial part of a strategy is knowing "good debt" from "bad debt". A well-planned mortgage can help you turn those bad debts into good debts and get them out of the way.
These are the steps we can do together:
- Consolidate high interest rate credit cards to one lower rate.
- Save money and increase cash flow.
- Reduce stress knowing that your financial situation is now manageable.
Reverse Mortgage
This is a financial solution designed for Senior Canadian homeowners.
Unlike a traditional mortgage, where you make payments to a bank or someone else, a reverse mortgage pays you. As a result, you can use the money in any way you see fit and live your retirement comfortably, knowing you don't need to leave your home. The most significant benefit of the CHIP reverse mortgage is that you are not required to make regular payments for as long as you or your spouse lives in your home.
Purchase Plus Improvements
The purchase plus improvements mortgage is one of the best-untapped opportunities when buying a home. So many homes in the market are in great locations, and the property's structure or 'bones' is also excellent. But the property may not be up to date as far as to look or feel goes, or there may be a problem with the property that needs repair, or you might just have a different idea about how the interior could look. Either way, if the home needs a bit of updating or renovations, this is where a purchase plus improvements mortgage could really help out.
What Clients Say
"Pleasant to work with. Everything is clearly shared throughout the whole process which I appreciated a lot. I will confidently recommend Erick to any one I know, and definitely will look forward to work with him again."
"Erick helped us purchase our first home in Canada when other brokers and lenders told us we couldn't. We were refugees in Canada from Venezuela in the process of obtaining our permanent residence and had been told NO by many brokers and banks. Erick helped us find the right lender with the right product for us at an amazing rate. He guided us every step of the way and we have given his contact information to many friends and family and he is now helping us buy our next home."
-A.Ramirez-
"Working with Erick was a delight. He helped us upgrade from our condo downtown to our dream home in Mississauga and guided us every step of the way. He was available to us whenever we had any sort of inquiry and provided concise advice which was key in being able to find our dream home."
-Mark Simonik-
"Erick helped us refinance the mortgage for our home and helped us tap in to our equity. This gave us the financial freedom make significant life and career changes. His expertise in the different products available allowed us to make educated choices and gave us the freedom to pursue our dream jobs that allowed us more time and flexibility with our family."
-Phil Gunther-
Download My App
What you can do with my App:
- Calculate your total cost of owning a home
- Estimate the minimum down payment you need
- Calculate Land transfer taxes and the available rebates
- Calculate the maximum loan you can borrow
- Stress test your mortgage
- Estimate your Closing costs
- Compare your options side by side
- Search for the best mortgage rates
- Email Summary reports (PDF)
- Use my app in English, French, Spanish, Hindi and Chinese
Ready to Proceed?
Potential clients often ask me: "Why would I work with you instead of the bank?" The best answer is that when you work with me, you are working with somebody looking out for YOU. You are making the most significant financial decisions of your life and want somebody that will be on your side, not just for this purchase, but for the rest of your life. Having worked for 3 of the 5 big banks, I can guarantee that the chances of you working with the same bank employee are slim to nil. I am here to foster an ongoing relationship with my clients and make sure I am there to answer any questions you may have years down the road. Whether you are looking to upgrade to your next home or buy an investment property, you can rest assured that I will always be there for you, even years later. Let me take that stress off your shoulders and work with somebody who has a vested interest in making sure you are completely satisfied with your transaction and that you are cared about as an individual so that you have the confidence to come back next time and refer your friends and family.
