HOME RATES ABOUT SERVICES VIDEOS BLOG CONTACT ME TEAM

My Rates

6 Months 3.34%
1 Year 3.14%
2 Years 3.14%
3 Years 2.92%
4 Years 3.14%
5 Years 2.97%
7 Years 4.24%
10 Years 4.39%
6 Months Open 6.70%
1 Year Open 4.45%
*Rates subject to change and OAC
AGENT LICENSE ID
M19000904
BROKERAGE LICENSE ID
12953
Steve Hammond Mortgage Agent

Steve Hammond

Mortgage Agent


Phone:
Address:
103-60 Lacoste Blvd, Brampton, Ontario

BROWSE

PARTNERS

COMPLETE

THE SURVEY

REFER

A FRIEND

“Why would I not just go to my bank to get my mortgage?”

If you have never dealt with a licensed mortgage professional before, that’s a fair question to ask. However, there is a big difference between going to your bank and having someone like myself help you with your mortgage needs.

When you visit your bank to get a mortgage, your only options are their rates, products, terms, and set of qualifications. That’s it… one choice. What if there are much better rates out there? What if you don’t meet their specific qualifications?

As a licensed mortgage agent, I often deal with those very same banks and well as credit unions, trust companies, private lenders, and financial institutions, so I have a wide array of products to work with. My goal is to find the best mortgage possible for you. I review your financial standing, listen to your needs, and then we choose the lender that’s the best fits your needs.

Typically, my services have no cost to my client either. Think of me as your personal mortgage shopper and advisor. I’ll take the time to explain how mortgages work and I’m more than happy to meet you for a coffee at Tim’s, my office, or at your home if that’s more convenient for you. And I know there’s no way a bank will text you back if you message them with a question at 11 pm.

Give me a call, send me a text, or email if I can assist with any of the following:

Mortgage Refinancing - Get out of a high rate mortgage, or unlock some of your home equity for debt consolidation or other important needs, such as financing an investment property.

Mortgage Renewals - At renewal, you can renegotiate everything pertaining to your mortgage - with no penalties. It's also a great time to save money!

Home Purchases - Review your mortgage options before you buy your next home, vacation or investment property.

First Time Home Buyers - There are many things to think about when buying your first home. Professional mortgage advice is a great place to start.

Debt Consolidation - I can help you find a mortgage lender that fits your budget, or start improving your credit now for the best mortgage rate later.

Personal Loans - Unsecured loans from $1,000-$35,000

Looking forward to working together, and finding you the right mortgage!

Steve

attain Mortgage

More than just Mortgages. We can help you build your future.

attain Mortgage

More than just Mortgages. We can help you build your future.

BLOG / NEWS Updates

Almost no annual growth for national HPI

The national HPI has grown at a below-inflation rate of 0.5% over the last 12 months, the smallest gain since November 2009. Moreover, the fact that monthly gains are reported for May and June does not mean that the market recently turned the corner. These two months typically register the strongest growth rates in a year. Indeed, the two latest rises were among the weakest in history for months of May and June. If seasonally adjusted, the national HPI would been down in both months this year. However, the weakness is not regionally broad-based. The national HPI was dragged down by 12-month home price declines in Western Canada metropolitan areas (Vancouver, Calgary, Edmonton and Winnipeg) and a tiny increase in Victoria. In Central Canada and in the East, home price growth ranges from decent to strong (left chart). This is consistent with the state of home resale markets. For example, the Vancouver market turned favorable to buyers at the end of last year, while the Toronto market remained balanced and Montreal’s market has never been this tight since 2005. That being said, a rebound in home sales recently occurred in Canada which was also felt in the largest Western metropolitan areas. This should help limit home-price deflation in these areas. The Teranet–National Bank Composite National House Price Index increased 0.8% in June, a second gain in a row after an eight-month string without a rise. Highlights: On a monthly basis, the index rose in 8 of the 11 markets covered: Winnipeg (0.1%), Quebec City (0.3%), Montreal (0.8%), Toronto (1.3%), Halifax (1.5%), Hamilton (+1.6%), Victoria (+2.1%) and Ottawa-Gatineau (+2.2%). The index was down in Calgary (-0.1%) and Vancouver (-0.3%), and flat in Edmonton. From June 2018 to June 2019, the Composite index rose 0.5%, the smallest 12-month gain in ten years. The HPI declined in Vancouver (-4.9%), Calgary (-3.8%), Edmonton (-2.6%) and Winnipeg (-0.4%). It was up in Victoria (0.3%), Quebec City (1.5%), Halifax (2.7%), Toronto (2.8%), Hamilton (4.8%), Montreal (5.4%) and Ottawa-Gatineau (6.3%). Source: National Bank Financial Markets; Marc Pinsonneault

NORTHERN STAR (FOR NOW...)

In contrast to the US, Canadian growth is accelerating sharply going into the second quarter, following a solid gain in domestic demand to start the year. Fast, and accelerating, population growth, and remarkably strong employment growth are providing a solid underpinning to consumer spending and the housing market. Positive export data suggest that the ongoing strength in domestic demand will be buttressed by net exports in the second quarter, and possibly beyond. Canadian inflation is at the Bank of Canadas target, in sharp contrast to the US, where it has moved away from the Feds objective. This gives the BoC room to keep rates on hold if inflation remains on target. Downside risks remain important and are all linked to US-centric developments, with worries about US trade policy ongoing despite the pause with China. Recent Canadian developments stand in sharp contrast to events in much of the rest of the world. Whereas US growth is clearly decelerating, Canadian growth is on an upswing, with recent indicators pointing to a very sharp rebound from a somewhat sluggish start to the year. Canadians appear to be, for the time being, largely insulated from the broader malaise facing the global economy as consumer and business confidence has improved sharply in recent quarters, owing to strong sales and job creation. While there are a number of factors suggesting that the growth rebound observed will persist through 2020, there is a risk that a divergence between Canadian and US outcomes may not last. Source: Scotiabank Economics

MY LENDERS

TD Bank Scotia Bank Attain Mortgage First National MCAP B2B Bank
Home Trust Merix Equitable Bank Street Capital CMLS Fisgard Capital
ICICI Bank Optimum  RMG Mortgages Bridgewater Marathon Mortgages