HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

6 Months 3.14%
1 Year 3.04%
2 Years 3.19%
3 Years 3.39%
4 Years 3.54%
5 Years 3.59%
7 Years 3.79%
10 Years 4.09%
6 Months Open 6.70%
1 Year Open 3.95%
*Rates subject to change and OAC
AGENT LICENSE ID
M16000500
BROKERAGE LICENSE ID
12060
Jennifer Di Francesco Mortgage Agent

Jennifer Di Francesco

Mortgage Agent


Phone:
Address:
403-2800 Skymark Avenue, Mississauga, Ontario

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

Helping you with your financial needs.

 

Be PREPARED in today's market!

 

Paperwork Required for your Mortgage Application

 

Reduce your stress by gathering all documentation required ahead of time. Being ready will relieve you mentally and free you up to concentrate on last-minute details.

1. Identification: 2 pieces of ID (one must be photo ID, typically Drivers License)
2. Employment details: Proof of income, T4 slips, copies of your last 3 paystubs, T1 generals (personal income tax returns), years Notice of Assessments, employment letter from your company stating position, length of service and salary.
3. Self-employed: Talk to your accountant or bookkeeper for these reports. Incorporation documents, if applicable, financial statements of the corporation for the last two to three tax years, full personal tax returns, Notice of Assessments for both the corporation and personally, Lender may also ask to see portions of your books, such as General Ledger or Profit & Loss statements.
4. Other sources of income: Pension, rental income, part-time work, etc. You’ll probably be asked for copies of your tax returns, or copies of paystubs or rental income documentation.
5. Already own property?: Copy of the mortgage statement on your current property, copy of last year’s property tax statement, this year’s up-to-date property tax statement.
6. Current banking information: Including bank, branch, accounts and balances.
7. Verification of down payment: Bank account statement where money is currently deposited or a letter from a family member stating that the money is a loan or gift.
8. Consent to credit history search: Sign an authorization form allowing them to pull your credit history.
9. List of debts (otherwise known as liabilities) and List of Assets: Provide a list of what is owed, to whom you owe it to and what monthly payments, if any, you put towards paying down the debt, List should include student loans, credit card balances, car loans, monthly lease (or lease-to-own) arrangements and personal loans, lines of credit. Provide a list of everything you own, savings, investments, properties, etc... anything that shows your personal and business worth.
10. Copy of the listing: MLS listing and include this in your mortgage documentation package.
11. Copy of purchase document: The Purchase and Sale Agreement, signed document that states the address, what’s included/excluded and the price, deposit and down-payment you agreed to.
12. Condo or Townhome documentation: Condo corporation’s financial statements and status certificates.
13. Rural property: Certificate for the well and/or septic tank if you’re property isn’t on municipal water and sewer.

14. Multi-Residential/Commercial/Industrial/Builder: Typically lenders need to know more about the borrower ie. business structure, bio, etc., property i.e. appraisal, environmental test, etc., and project i.e. business plan, financials, etc.

 

This list is subject to change at any time and subject to individual Lender requirements.

Financing based On Approved Credit.

 

Click on APPLY NOW above to start your application!


BLOG / NEWS Updates

Canadian home sales fall in April

Statistics released today by The Canadian Real Estate Association (CREA) show national home sales fell from March to April 2018. Highlights: National home sales fell 2.9% from March to April. Actual (not seasonally adjusted) activity was down 13.9% from April 2017. The number of newly listed homes declined 4.8% from March to April. The MLS Home Price Index (HPI) in April was up 1.5% year-over-year (y-o-y). The national average sale price declined by 11.3% y-o-y in April. National home sales via Canadian MLS Systems declined by 2.9% in April 2018 to the lowest level in more than five years (Chart A). About 60% of all local housing markets reported fewer sales, led by the Fraser Valley, Calgary, Ottawa and Montreal. Actual (not seasonally adjusted) activity was down 13.9% compared to April of last year and hit a seven-year low for the month. It also stood 6.9% below the 10-year average for the month. Activity was below year-ago levels in about 60% of all local markets, led overwhelmingly by the Lower Mainland of British Columbia and by markets in and around Ontarios Greater Golden Horseshoe (GGH) region. The stress-test that came into effect this year for homebuyers with more than a twenty percent down payment continued to cast its shadow over sales activity in April, said CREA President Barb Sukkau. Its impact on housing markets varies by region, she added. A professional REALTOR is your best source for information and guidance in negotiations to purchase or sell a home during these changing times, said Sukkau. This years new stress test has lowered sales activity and destabilized market balance for housing markets in Alberta, Saskatchewan and Newfoundland and Labrador Provinces, said Gregory Klump, CREAs Chief Economist. This is exactly the type of collateral damage that CREA warned the government about. As provinces whose economic prospects have faced difficulties because they are closely tied to those of natural resources, it is puzzling that the government would describe the effect of its new policy as intended consequences. https://www.crea.ca/news/canadian-home-sales-fall-in-april/

First quarter: The value of multi-family dwellings leads the rise

Canadian municipalities issued $24.9 billion worth of building permits in the first quarter of 2018, up 3.3% compared with the fourth quarter of 2017. Construction intentions for residential dwellings led the national increase, rising 6.9% from the fourth quarter of 2017 to $15.9 billion in the first quarter of 2018. The 18.4% increase of the multi-family component more than offset a 3.5% decline in the single-family component. On the other hand, the value of non-residential building permits fell 2.6% from the fourth quarter of 2017 to $9.0 billion in the first quarter of 2018. The drop was the result of lower activity in both the industrial and institutional components.

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