Time to turn your dreams into reality.

Home ownership is a goal many Canadians like you work towards. It can be a rewarding experience that helps you achieve personal and financial aspirations.

If you already own a home, you understand the value and security property ownership brings. Your home is an investment you're paying off over time, so you may have built up valuable equity. That equity can be leveraged to improve your home, lifestyle, or help you realize other dreams.

Flexible Mortgage Payment Options

When selecting a mortgage, payment flexibility like frequency and down payment will likely be top priorities. Customizable mortgage payments can help you better manage your finances, plan for the future, and feel more comfortable with your home purchase.

Mortgage Payment Schedules

You can choose weekly, bi-weekly, semi-monthly, or monthly mortgage payments.

Prepayment Privileges

Various prepayment options are available to suit different homebuyers' needs. Many mortgages allow you to increase your regular payment amount (principal and interest) without penalty.

Open Mortgages

An open mortgage can be partially or fully prepaid during the term without incurring a prepayment charge.

Mortgage Costs Breakdown

Your regular mortgage payment typically covers principal, interest, and property taxes. Let's look at each component:

Mortgage Principal

The principal is the original loan amount, minus any payments made. Interest is calculated on the remaining principal.

Mortgage Interest

Interest makes up a larger portion of payments early in the mortgage, and declines over time.

Property Taxes

Property taxes based on your home's assessed value may be included in your mortgage payment. The lender holds these funds until the municipality sends the bills.

Whether you're a first-time buyer, looking to leverage equity, purchase another home, refinance, or pay down your mortgage faster, The MountainView Mortgage is here to help you achieve your goals.

Refinancing

Make your home equity work for you

Like many Canadians, you may want to use your home equity to reinvest in your dreams or consolidate debt. Mortgage refinancing allows you to borrow more against your home to afford the things you want. It can save you money and simplify your payments.

Refinancing may be right if you want to:

With our mortgage expertise, we'll help you understand how your home fits into your overall finances and provide sound financing options tailored to your current and future goals.

Portability to a New Property

If your mortgage is portable, you may be able to transfer the existing terms (like interest rate and remaining term) to a new property when you sell your current home. The new property must meet the lender's criteria, and you'll need to reapply or requalify for the financing.

Renewal

Let us help you get a better deal at renewal.

Many Canadians simply renew with their current lender, thinking it's too much hassle to shop around or that their bank's offer is the best. But that's not always the case. We will shop leading lenders to compete for your renewal, so you can be confident you're getting a competitive rate and features suited to your needs.

Pay Your Mortgage Down Faster

There are several ways to pay down your mortgage quicker and save on interest:

- Increase your regular payment amount

- Make payments more frequently (if allowed)

- Use any prepayment privileges to make lump-sum payments

- Pay as much as possible when renewing (mortgages are open at renewal)

Reducing your mortgage term can lead to substantial savings over the life of your loan.