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My Rates

6 Months 4.25%
1 Year 2.99%
2 Years 2.79%
3 Years 2.19%
4 Years 2.99%
5 Years 2.19%
7 Years 3.24%
10 Years 3.24%
6 Months Open 5.75%
1 Year Open 5.75%
*Rates subject to change and OAC
AGENT LICENSE ID
M14000361
BROKERAGE LICENSE ID
11995
Surinder Lamba Agent

Surinder Lamba

Agent


Phone:
Address:
1024 Kennedy Road, Toronto, Ontario

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Getting a mortgage has never been so stress-free.

 

Welcome to my website, your one-stop shop for everything regarding your mortgage needs. 

 

I am a licensed mortgage agent with one of the top agencies in the country, Ultimate Mortgage and Financial Solutions Inc.

I have access to over 70 lenders, including major banks, monolines, private lenders, and trust companies.

I can offer innovative and unique products and programs catered towards a wide range of needs from both individuals and consumers.

We work with everyone, including: first-time homebuyers, sophisticated investors, and real estate professionals among others. 

For those that do not qualify under normal guidelines, such as those with challenged credit or insufficient income, we can help you as well.

I have been a mortgage agent for over 5 years and have other 100 clients that I have helped with their mortgage needs.

 

And hopefully, I can help you too.

attain Mortgage

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

BLOG / NEWS Updates

Mortgage Deferral Agreements and Their Impact

CMHCs Fall 2020 Residential Mortgage Industry Dashboard discusses mortgage deferral agreements and their impact. At the end of the second quarter, credit unions, mortgage finance companies (MFCs) and mortgage investment entities (MIEs) have allowed mortgage deferral agreements for about 6%, 7% and 7% of their respective residential mortgage portfolios. Chartered banks have allowed 16% of mortgages to go into deferral since the beginning of the pandemic. Of these, close to 2 out of 3 borrowers had resumed payments on their mortgages at the end of the third quarter of 2020. In the coming months, we could see higher delinquency rates if some borrowers are unable to resume their payments; these mortgages will have to be booked as arrears. These deferral agreements have affected financial institutions cash flows, with reductions of: 4% in scheduled mortgage payments 3% in non-scheduled payments (accelerated monthly payments and lump-sum payments) While remaining at low levels, mortgages in arrears (90 or more days delinquent) have increased slightly between the first and second quarters of 2020 from: 0.24% to 0.26%, on average, for chartered banks 0.23% to 0.25%, on average, for non-bank mortgage lenders We also observe an increase in early-stage delinquencies (31 to 59 days and 60 to 89 days), which suggests that arrears could continue on an upward trend. Source: CMHC

Bank of Canada will maintain current level of policy rate until inflation objective is achieved, continues its quantitative easing program

The Bank of Canada today maintained its target for the overnight rate at the effective lower bound of percent, with the Bank Rate at percent and the deposit rate at percent. The Bank is maintaining its extraordinary forward guidance, reinforced and supplemented by its quantitative easing (QE) program, which continues at its current pace of at least $4 billion per week. The rebound in the global and Canadian economies has unfolded largely as the Bank had anticipated in its October Monetary Policy Report (MPR). More recently, news on the development of effective vaccines is providing reassurance that the pandemic will end and more normal activities will resume, although the pace and breadth of the global rollout of vaccinations remain uncertain. Near term, new waves of infections are expected to set back recoveries in many parts of the world. Accommodative policy and financial conditions are continuing to provide support across most regions. Stronger demand is pushing up prices for most commodities, including oil. A broad-based decline in the US exchange rate has contributed to a further appreciation of the Canadian dollar.

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