Burlington, Hamilton & GTA Mortgage Brokers | Loewen Group Mortgage Professionals

WE’RE MORTGAGE BROKERS WORKING WITH YOU. FOR YOU.

As your brokerage, we represent YOU our amazing client. Our mission: to review your needs, existing offers, educate you on alternatives and ultimately assist you on selecting the right lender and term to meet your home ownership goals.

Our team works with you to develop a strategy that works for you and we’re not driven by any 1 bank or lenders bottom line. With over 34 lenders in our pocket our only job is to help your hard earned money stay in yours – that’s the Loewen Group Difference.

cmp2012cmp2013cmp2014 2013 2012

SECURE APPLICATION

With the same level of security that your online banking has, our mortgage application is both simple and secure.

APPLY ONLINE NOW

MEET THE TEAM

The Loewen Group Team

We recruit the greatest minds in the business who help deliver great results for our amazing clients.

MEET THE TEAM

Mobile Mortgage Apps

Download your free mortgage app today and get those valuable up to date rates on your phone.

Apple Android

Loewen Group Reviews

Darren Jamieson
Darren Jamieson

5 out of 5 stars

posted 1 day ago

Being a first time home buyer, my wife and I did not know where to start.
James and his team were extremely helpful every step of the way.
From getting a pre-approval, to assisting in communication with all the different parties required when buying a house they were great!
They made the financing portion of buying our first home simple!
I highly recommend this office to anyone shopping for a mortgage that wants a great rate, and a great group of people that makes home-buying easy!

Leah Boucher
Leah Boucher

5 out of 5 stars

posted 4 weeks ago

The first time 'round James did a great job of being our advisor and helping us secure a mortgage that met our needs. Now that we are renewing, James has done it again - making the process easy. I'm happy to recommend him - he's great partner in the home ownership process!

Remember to bring these important documents with you!

Speed up the approval process and be prepared for the application process.

We have put together a list of documents needed from you when applying for financing through the Loewen Group.

 

Proof of Down Payment

  • If your down payment is coming from savings, a lender will want statements proving that the funds have been accumulated over at least three month’s time.
  • If your down payment is a gift, provide a statement showing the funds deposited into your account, and get a signed gift letter.
  • If your down payment is coming from the sale of another property, provide a copy of the final sale agreement for that home, as well as its most recent mortgage statement.
  • If you are borrowing from a secured line of credit (LOC), you need a copy of the LOC statement showing the funds being withdrawn.
  • If you’ve put down a deposit on the property, provide a deposit receipt, plus statement(s) showing the deposit funds being withdrawn from your bank account.

Tips

  • Bank or financial statements must always show your name, account number and dates.
  • Gifted down payments must generally be from a parent, sibling or grandparent. Otherwise the money may be considered borrowed funds, which may affect your ability to qualify.
  • Online statement printouts are fine, as long as all info appears on one page, or if multiple pages, the account number appears on every page.

MLS Listing

  • Either an online or Realtor copy is fine.
  • If you bought your home on a private listing website (like propertyguys.com), provide that listing instead

Signed Purchase Agreement

  • You’ll need to provide the final purchase agreement signed by all parties, with all conditions waived.

Tips

  • Make sure it’s legible, all dates are entered and all witness lines have signatures.

.

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)

Tips

  • All ID text, photos and numbers must be clearly visible

Income Verification

  • If your income is salary or wages, provide:
    1. A recent pay stub showing the pay date, pay amount, your name and the employer’s name
    2. A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
  • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
  • If you are self-employed, provide:
    • The most recent two year’s NOAs
    • Your business license, articles of incorporation, or GST registration number
  • If you earn rental income, provide a copy of each lease, as well as either:
    • A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
    • Two year’s of T1 generals (personal tax returns), or
    • Two year’s of NOAs
  • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
  • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

Tips

  • Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Void Cheque

This cheque is used by the lender to deduct payments from.

Income Verification

  • If your income is salary or wages, provide:
    • A recent pay stub showing the pay date, pay amount, your name and the employer’s name
    • A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
  • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
  • If you are self-employed, provide:
    • The most recent two year’s NOAs
    • Your business license, articles of incorporation, or GST registration number
  • If you earn rental income, provide a copy of each lease, as well as either:
    • A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
    • Two year’s of T1 generals (personal tax returns), or
    • Two year’s of NOAs
  • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
  • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTips

  • Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

Your Most Recent Mortgage Statement

Must show your name, property address, balance or original mortgage amount, and monthly payment.

A Void Cheque

For the lender to deduct payments

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)

Tips

  • All ID text, photos and numbers must be clearly visible

Your Most Recent Mortgage Statement

Must show your name, property address, balance or original mortgage amount, and monthly payment.

Identification

  • Copy of driver’s license, passport, or other government-issued photo ID (but not a Health card)

Tips

  • All ID text, photos and numbers must be clearly visible

Income Verification

  • If your income is salary or wages, provide:
    • A recent pay stub showing the pay date, pay amount, your name and the employer’s name
    • A job letter. Job letters should be on company letterhead and show your start date, position, guaranteed salary/wages, and a human resources contact with phone number.
  • If any of your income comes from a bonus, commissions, overtime, a contract, gratuities or investments, provide the most recent two year’s Notice of Assessments (NOAs) from Canada Revenue Agency (CRA).
  • If you are self-employed, provide:
    • The most recent two year’s NOAs
    • Your business license, articles of incorporation, or GST registration number
  • If you earn rental income, provide a copy of each lease, as well as either:
    • A Canada Revenue Agency T776 Statement of Real Estate Rentals, or
    • Two year’s of T1 generals (personal tax returns), or
    • Two year’s of NOAs
  • If you earn Alimony/Child Support, provide NOAs and the full separation/support agreement.
  • If on maternity/paternity leave, ensure your job letter shows the return date and salary/income upon return.

intelliTips

  • Self-employed applicants may have to show two years of unaudited accountant-prepared financials, depending on the lender and circumstances.

A Void Cheque

For the lender to deduct payments

Join Our Mailing List!

  • Choose which email list you'd like to join. We respect your inbox like we respect our mothers, so we will never fill it with junk... Promise.

Calculator Corner

calculator-iconWith our online calculators you can instantly see the figures that will provide you with a feeling of confidence as you purchase your new home.

Here is a quick list of the available calculators:

MORTGAGE PAYMENT

MORTGAGE AFFORDABILITY 

LAND TRANSFER TAX

Click Here

 

Recent Posts

Come for a visit!

© 2015 Loewen Group in association with Serious Monkey. James Loewen Lic. # M0800338, Loewen Group LIC#12268.

CONNECT

Hours Of Operation

Monday - Friday: 9am - 7pm
Saturday & Sunday: By Appointment

Location

5044 Fairview St,
Burlington, ON
L7L 0B4

Contact

Office: (289) 337-4029
GTA: (416) 907-3173
Thank You for checking out our new site. We would love to know more about what you think. This could win you a free dinner for two. Just send us an email with what you would like to see in the best mortgage brokers site on earth, and you will be entered into the draw. We would love to hear from you and Thanks again!