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33 Pearl Street, Mississauga, Ontario

Tereza Kumric

AGENT LICENSE ID
M11002466
BROKERAGE LICENSE ID
11819
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Total Mortgage Solutions


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647.883.3593
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Welcome

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It PAYS to shop around.

Many Canadian homeowners pay too much for their homes because they are not getting the best mortgage financing available in the market.

The mortgage process can be intimidating for homeowners, and some financial institutions don't make the process any easier.

But I’m here to help!

I’m a VERICO Mortgage Advisor and I’m an independent, unbiased, expert, here to help you move into a home you love.

I have access to mortgage products from over forty lenders at my fingertips and I work with you to determine the best product that will fit your immediate financial needs and future goals.

VERICO mortgage specialists are Canada’s Trusted Experts who will be with you through the life of your mortgage.

I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the VERICO Mortgage Advisor who can help you get the right financing, from the right lender, at the right rate.

BLOG / NEWS Updates

Jul 29

2014

TORONTO COUPLE WINS $5000 FOR RENOS! ASK ME HOW!

VERICO Canada and VERICO Capital Mortgages Inc. are pleased to announce the June winners of the VERICO Purchase Plus Improvements Contest. Brad Nemes of VERICO Capital Mortgages along with Martin Marshall, Eastern Regional Sales Manager of VERICO Canada, presented a cheque to winners Marc Pepin and Rebecca Thompson of Toronto, ON. When Brad called we thought Wow, were really lucky because our renovation budget is squeezed to the max!, laughs Rebecca Thompson. Weve had our eye on some high end appliances that will bump up the value of the home, says Rebecca when asked what the couple would do with the prize money. Clients of VERICO mortgage brokers can win 1 of 6 prizes of $5000.00 to go towards their home renovations through the VERICO Purchase Plus Improvements Contest. Another four prizes are still up for grabs. A Purchase Plus Improvement mortgage gives qualifying you the ability to access up to $40,000 for the purpose of renovations. This amount is rolled up into your mortgage so you are able pay it off as a part of your regular mortgage payments. This mortgage option allows home buyers, especially first timers, to take their first step into home ownership and still have the funds to renovate their purchase into their dream home. To find out how you can qualify for this mortgage or this contest, please contact me!

Jul 23

2014

Number of home sold edged up slightly in June

According to statistics released by The Canadian Real Estate Association (CREA), national home sales activity edged up almost one per cent on a month-over-month basis in June 2014. Highlights: - National home sales rose 0.8% from May to June. - Actual (not seasonally adjusted) activity stood 11.2% above June 2013 levels. - The number of newly listed homes was little changed from May to June. - The Canadian housing market remains in balanced territory. - The national average sale price rose 6.9% on a year-over-year basis in June. - The MLS Home Price Index (HPI) rose 5.4% year-over-year in June. Sales rose in about half of all local housing markets in June, led by gains in Greater Vancouver where activity hit its highest level in more than three years, and Montreal where activity is now 10 per cent above post-recession lows reached earlier this year. Sales have improved compared to their slower start earlier this year, said CREA President Beth Crosbie. That said, there are still important differences in how housing markets are faring depending on location, housing type and price point. Whether youre looking to buy or sell, your local REALTOR is your best source of information on all the factors driving the market where you currently live or might like to in the future.

Jul 21

2014

Should you invest in an income property?

Owning a rental property can be a profitable investment - but its not for everyone. Its important to do the research needed to have a clear understanding of the steps in financing an income property and all the responsibilities that will come with an investment. Ive provided some information below to help you get started. If you are interested in finding out if investing is right for you, contact me and Id be happy to assist you. Why purchase an investment property? Real Estate is still a great long-term investment Property values have been historically more stable than the stock market A source of monthly income, if you do not have a monthly shortfall There are some tax deductible expenses Approved Rental Property Types: Single-family dwellings Town homes Condos Duplexes Triplexes Fourplexes Most lenders allow applicant to hold a maximum of 4 rental properties. Anything over is considered a commercial business. Downpayment Most lenders require 25% -35% for downpayment. If between 20-25%, the mortgage will need to be insured for default with CMHC/Genworth/Canada Guaranty and a premium will be added to the mortgage. Downpayment cannot be borrowed or gifted Must provide proof of downpayment (30 to 90 day account history) An investment property is a big commitment for you and your family. Im here to help you figure out if its the right move for you! As a professional mortgage broker in one of Canadas largest Mortgage Broker Networks, I have access to an array of lenders and products that may suit your needs. Dont hesitate to contact me for a meeting.

Jul 18

2014

Are housing starts rebounding?

Consensus is looking for Canadian housing starts numbers for the month of June to come in near 190k, down from the strong 198.3k in May but still stronger than levels seen earlier this year when a mix of harsh weather and uncertainty weighed on overall levels of construction, driving housing starts to an annualized low of 157k in March. We wouldnt make too much of the very soft levels of construction during Q1: Canadas weather is very harsh in the winter, and the low seasonally adjusted monthly housing starts numbers seen during Q1 didnt actually represent a massive decrease in the quantity of housing starts that the country will actually see in 2014. As we noted at the time of the weak March housing starts number (157k), in unadjusted terms, the first three months of the year only constitute 18-20% of the cumulative quantity of housing starts that typically happen over a full 12-month stretch. Peak housing starts months in absolute terms occur in May through July, with those months typically averaging 55-60% more actual starts (not seasonally adjusted) than is typical during Q1. In other words, the strong numbers that were seeing for Q2 are much more important than the weak numbers that we saw for Q1 and represent much more actual building. Source: Scotiabank

MY LENDERS

Scotia Bank First National National Bank B2B Bank Home Trust Bridgewater Bank
MCAP Merix Industrial Alliance Optimum Canadiana Financial Equitable Trust
ICICI Bank Moncana Bank of Canada Fisgard Capital  RMG Mortgages