Burlington, Hamilton, Oakville, Mississauga and Toronto Mortgage Brokers | Loewen Group Mortgage Professionals

Talk to our Mortgage Experts Today (289) 337-4029

Proudly serving Halton & GTA

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.

Download a Free Guide to Mortgage Shopping

This free guide to mortgage shopping will give you the questions you need to ask when you are shopping for a mortgage. There is more to a mortgage than just rate, these questions are intended to educate you on what you need to know about mortgages before you buy your new home.

Some of the topics covered:

  • Standard vs Collateral charge mortgages
  • Mortgage penalty calculations
  • Renovations included with your mortgage
  • Does accelerated bi weekly payments really save money


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Loewen Group Reviews

Curtis
Curtis

5 out of 5 stars

posted 1 month ago

I cannot say enough positive things regarding James and his team. Extremely professional service. Very prompt with communication, very knowledgeable and down to earth. I do not hesitate to recommend Loewen group Mortgages to anyone looking. I was a first time buyer and he just did an outstanding job for me and my family. Thanks again to everyone at Loewen Group. Top shelf across the board.

Ann Foster
Ann Foster

5 out of 5 stars

posted 1 month ago

I've worked with James and his team three times now and have been really impressed with how smooth they make the whole process. James takes the time to explain things clearly and concisely, showing his years of expertise instantly while also adding his own brand of humor that has you feeling like a friend even if you might be strangers at the start of the process. This most recent experience, it was now my husband and I buying together and we dealt mainly with Michelle after our initial consults with James. Michelle is incredibly enjoyable to work with. She is kind and helpful and is also extremely efficient at her job. Every e-mail and question was answered in a timely manner, making the whole process that much easier. She consistently followed up on any loose end to ensure every detail was complete on our deal. Loewen Group truly make you feel like a priority, no matter how many clients they might be dealing with at the same time. They are considerate, approachable and proficient at what they do. I never hesitate to recommend Loewen Group Mortgages to my family and friends, as I know I am putting them in touch with a broker they can truly trust.

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.

Purchase Documents

  • 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.
  • 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
  • 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.
  • 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
  • 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.

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

Refinance Documents

  • 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
  • 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.

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

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

Switching Over Documents

  • 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
  • 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.

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

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

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© 2019 Burlington, Hamilton, Oakville, Mississauga and Toronto Mortgage Brokers | Loewen Group Mortgage Professionals

Hours Of Operation

Monday - Friday: 9am - 5pm
Evenings & Weekends Are Available By Appointment

Location

5044 Fairview St,
Burlington, ON
L7L 0B4

Contact

Office: (289) 337-4029
james@loewengroup.ca
Thank You for checking out our 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'll be entered into the draw. We would love to hear from you and Thanks again! -James
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