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My Rates

1 Year 2.99%
2 Years 3.24%
3 Years 3.44%
4 Years 3.54%
5 Years 3.34%
7 Years 3.79%
10 Years 3.84%
*Rates subject to change and OAC
AGENT LICENSE ID
10349
BROKERAGE LICENSE ID
10349
Michael King Mortgage Broker

Michael King

Mortgage Broker


Address:
7676 Woodbine Ave. Suite 300, Markham, Ontario

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Established in 1990, Northwood Mortgage Ltd. is one of the largest brokerages in the GTA. With a staff of over 150 professionals, we offer only the highest quality services and products to our clients, lenders and investors alike.  At Northwood Mortgage all of our managers and agents are members of The Canadian Association of Accredited Mortgage Professionals(CAAMP), and subscribe to its by-Laws, code of ethics and standards of professional practice (CAAMP boasts most of Canada’s institutional lenders, including major chartered banks, as its members). We are also proud to be a part of the Independent Mortgage Brokers Association. We are experts in residential, commercial, industrial and investment mortgage placement. At Northwood Mortgage, we can help you to arrange loans from as little as $10,000, all the way up to $19,000,000. Our well-established relationships with over 36 mortgage lenders, including four of Canada’s largest banks, allows us to access the lowest possible mortgage rates for our clients. We are a one-stop mortgage broker, with a full range of services, providing a wide range of financing solutions to fulfill all of your lending requirements.

Our Mission

To match my clients with the best mortgage product and mortgage rate, to suite their individual, unique situations, while giving them the best possible service to establish a long-lasting relationship.


BLOG / NEWS Updates

Stress Test Best Practices Tool Kit

With the new Office of the Superintendent of Financial Institutions stress test rules firmly in place since January, Canadian homebuyers have learned they need to arm themselves with practical information on how they can ensure they are stress-test ready. The following is a guide and best practices tool kit for those about to embark on securing their new or next mortgage: Make a financial plan Any time a big purchase is at stake, laying out a financial plan is always the best first step to take. By creating a plan, home buyers can protect themselves from increased interest rates and ensure they are staying on budget. Have a contingency fund Without question and now more than ever, home buyers need to establish contingency funds. Its incredibly important to have funds set aside when unexpected costs such as property repairs arise. An established contingency fund also looks good to financial lenders. Pay off debts and increase downpayment The most important tool in the Best Practices Tool Kit is to pay off debts as quickly as possible and maximize your down payment. If you already have a mortgage, increase the frequency of payments by taking advantage of what the financial institution offers such as accelerated bi-weekly payments. Broaden search parameters Although you may have an ideal neighbourhood in mind, it is important to also consider broadening those search parameters. Often there are homes in other neighborhoods that could be a perfect choice if you are willing to commute a little longer. Im here to help you I can help you to navigate confusion surrounding the stress test. Ultimately, being stress test ready means being ready for future increases in rate so that you can afford your next home comfortably on your budget.

Preventing Falls on Stairs

Accessible housing refers to homes that are designed or modified to enable independent living for all residents, including seniors or persons with disabilities. Accessibility can be achieved through architectural design and also by integrating accessibility features, such as lowered light switches, grab bars, walk-in bathtubs, lowered shelves and cupboards, modified furniture or by installing electronic devices in the home. Stairs in the home can be dangerous and can be a barrier to accessibility unless they are designed or modified to reduce the risk of falls. If residents have limited mobility, it may be necessary to install ramps, home elevators or stairlifts to make the home safe and accessible. A high percentage of Canadians who visit hospitals after a fall on or from stairs or steps in their homes are seniors (men and women 65 years or older). When seniors fall, the consequences can be severe and long-lasting. Most falls on stairs can be prevented. Prevention starts by keeping in mind that there are risks in using stairs. Good planning and simple strategies can help prevent falls and injuries. Click here for more information https://www.cmhc-schl.gc.ca/odpub/pdf/63637.pdf?fr=1441901329905

MY LENDERS

TD Bank Scotia Bank First National B2B Bank Home Trust
MCAP Merix Industrial Alliance Optimum Canadiana Financial
Equitable Bank ICICI Bank Fisgard Capital  RMG Mortgages Street Capital