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My Rates

6 Months 3.10%
1 Year 2.64%
2 Years 2.54%
3 Years 2.84%
4 Years 2.94%
5 Years 3.04%
7 Years 3.44%
10 Years 3.84%
6 Months Open 6.45%
1 Year Open 3.70%
*Rates subject to change and OAC
AGENT LICENSE ID
M08007884
BROKERAGE LICENSE ID
12805
Jivan Sanghera Mortgage Broker

Jivan Sanghera

Mortgage Broker


Phone:
Address:
4361 Harvester Rd Unit 7, Burlington, Ontario

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Welcome to Circle Mortgage Group. Where you can get the best mortgage rates, but still receive Old School advice. We are one of very few Better Business Bureau Accredited Mortgage Brokers.

 

We are here to meet you at your convenience either at one of our office locations, in your home, or online via Skype, or Facetime.

 

At Circle Mortgage Group we believe that each consumer should get advice prior to entering in to any Mortgage Approval. Assistance in understanding the nuances of each and every lender that offers them a mortgage. Taking the time to do this results in a happy and informed client. We make sure you understand how your rate is calculated but also how your Mortgage Penalty is calculated. So in the event that a life change happens, you are already prepared and you know how your Mortgage can move with you.

 

Getting the best rate is only one part of a transaction, making sure you have the best product should be your primary goal. Reach out to us, we will make sure that you are getting the best rate and product for your scenario.

 

So whether you are a first time buyer or a commercial client try us! You will see the Circle Difference. Probably by the end of our initial conversation.


BLOG / NEWS Updates

OSFI tightens mortgage rules

The Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions. The changes to Guideline B-20 reinforce OSFIs expectation that federally regulated mortgage lenders remain vigilant in their mortgage underwriting practices. The final Guideline focuses on the minimum qualifying rate for uninsured mortgages, expectations around loan-to-value (LTV) frameworks and limits, and restrictions to transactions designed to circumvent those LTV limits. OSFI is setting a new minimum qualifying rate, or stress test, for uninsured mortgages. Guideline B-20 now requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada or the contractual mortgage rate +2%. OSFI is requiring lenders to enhance their loan-to-value (LTV) measurement and limits so they will be dynamic and responsive to risk. Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve. OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits. A federally regulated financial institution is prohibited from arranging with another lender a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institutions maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law. To find out how this will affect you, please contact me at anytime.

OSFI tightens mortgage rules

The Office of the Superintendent of Financial Institutions Canada (OSFI) published the final version of Guideline B-20 Residential Mortgage Underwriting Practices and Procedures. The revised Guideline, which comes into effect on January 1, 2018, applies to all federally regulated financial institutions. The changes to Guideline B-20 reinforce OSFIs expectation that federally regulated mortgage lenders remain vigilant in their mortgage underwriting practices. The final Guideline focuses on the minimum qualifying rate for uninsured mortgages, expectations around loan-to-value (LTV) frameworks and limits, and restrictions to transactions designed to circumvent those LTV limits. OSFI is setting a new minimum qualifying rate, or stress test, for uninsured mortgages. Guideline B-20 now requires the minimum qualifying rate for uninsured mortgages to be the greater of the five-year benchmark rate published by the Bank of Canada or the contractual mortgage rate +2%. OSFI is requiring lenders to enhance their loan-to-value (LTV) measurement and limits so they will be dynamic and responsive to risk. Under the final Guideline, federally regulated financial institutions must establish and adhere to appropriate LTV ratio limits that are reflective of risk and are updated as housing markets and the economic environment evolve. OSFI is placing restrictions on certain lending arrangements that are designed, or appear designed to circumvent LTV limits. A federally regulated financial institution is prohibited from arranging with another lender a mortgage, or a combination of a mortgage and other lending products, in any form that circumvents the institutions maximum LTV ratio or other limits in its residential mortgage underwriting policy, or any requirements established by law. To find out how this will affect you, please contact me at anytime.

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