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My Rates

6 Months 3.34%
1 Year 3.04%
2 Years 2.89%
3 Years 2.74%
4 Years 2.74%
5 Years 2.44%
7 Years 3.39%
10 Years 3.64%
6 Months Open 5.75%
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:
5979 Lundy's Lane, Niagara Falls, Ontario

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“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

Virtual Tours and Live Streams a Hit on REALTOR.ca

While staying home to help stop the spread of COVID-19, Canadians are spending more time looking at properties on REALTOR.ca, Canadas No. 1 real estate platform*. During the week of March 9, visits to REALTOR.ca dropped by 30%; however, since April 12 traffic has crept back up by 14% and consumer inquiries to REALTORS through the site rose by 25%similar to levels during the same period last year. Despite the pandemic, REALTOR.ca has seen a 14% increase of visitors during the first quarter of 2020. As COVID-19 is limiting how buyers can visit homes that interest them, REALTOR.ca makes it possible for Canadian REALTORS to virtually showcase listings by integrating video and 3D tours from 10 of the most popular services. Since April 7, REALTORS can also schedule and promote live stream open houses using popular platforms such as Facebook Live, Instagram Live, Zoom and YouTube. If theres one thing 30-plus years in this business has taught me, its that as an industry we are early adopters of technology, said Costa Poulopoulos, Chair of the Canadian Real Estate Association. With restrictions on how we can continue to serve our clients, Im proud that weve been able to add features for REALTORS that allow them to continue to show homes to interested buyers.

Canada's Manufacturing heavily impacted in March

Manufacturing shipments fell 9.2% in March after climbing 0.4% the prior month. This result was more than double the drop expected by consensus (-4.5%). Lower sales were registered in 17 of the 21 industries surveyed, including transportation (-26.5%), petroleum and coal products (-32.2%), and plastics/rubber products (-10.9%). Alternatively, shipments increased for food manufacturing (+8.2%) and paper manufacturing (+8.4%). With the price effect removed, total factory sales decreased 8.3% m/m, while inventories grew 0.8%. As a result, the real inventory-to-sales ratio rose from 1.56 to 1.72, a bad sign for future production. Manufacturing sales came in much worse than expected in March, matching their largest one-month decline on record (December 2008). Sales retraced all the way back to their level in June 2016. It should come as no surprise that disruptions from COVID-19 were the chief cause of the decline. Indeed, 78.3% of manufacturing businesses reported being impacted by the pandemic. Transportation saw a significant decline owing to plant closures, while refineries lowered production as demand and prices waned. Not everyone experienced an adverse shock, as evidenced by marked increases for food (groceries) and paper manufacturing (toilet paper) in the month. This will likely be transitory, however, as households rushed to stock up in March. Eight of the ten provinces reported lower sales, with Ontario and Quebec posting the largest declines. All told, given that confinement measures had been in place for only two weeks in March, the April manufacturing picture can be expected to be even worse. Home sales fell 56.8% from March to April, to the lowest level recorded since the inception of seasonally adjusted data in 1988. The fall was generalized to all the 26 major markets tracked by CREA except Newfoundland and Labrador, where sales rose 13.6%. New listings also fell sharply (-55.7%) but active listings only 8.7%. Therefore, the active-listings-to-sales ratio (our preferred gauge of market conditions) skyrocketed from 4.3 months of inventory in March to 9.2 in April, the largest since the 2008-09 recession. Source: National Bank of Canada

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