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Financing Solutions

Tailored mortgage and financing solutions to meet your needs, whether buying or improving your home.

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Financing Tailored to Your Needs

At Team HSS, we understand that every financial situation is unique. Our financing services are designed to help you secure the right mortgage or loan for your needs, whether you’re buying a new home, renovating, or preparing to sell. We provide expert advice to help you understand what you can afford and guide you through loan options that fit your goals.

  • Customized Mortgage Solutions: We assess your situation and find the best mortgage options for you.
  • Home Improvement Loans: Secure financing to boost your property’s value before selling.
  • Expert Budget Planning: Understand your affordability and plan effectively with our advice.
  • Home Purchase Assistance: Get the right financing for your next home purchase with ease.
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    Smart Financing Choices

    We take the stress out of securing financing by offering personalized advice and guidance at every stage. Whether you’re looking for a mortgage for a new home or need funds to improve your current property, Team HSS helps you make smart financial choices that align with your long-term goals. Our team works closely with you to find solutions that fit your budget, helping you make informed decisions.

    • Tailored Mortgage and Loan Options: We offer personalized financing and mortgage solutions designed specifically for your situation, ensuring you get the best possible terms whether you’re purchasing or improving your home.

    • Flexible Home Improvement Financing: Whether you’re repairing before a sale we connect you with loan options that fit your needs.

    • Clear Financial Planning Advice: Our advisors help you understand what you will be able to afford. We provide step-by-step guidance on managing your budget and exploring financing options.

    • Streamlined Loan Approval Process: We assist you with the entire loan approval process, followed by a smooth and stress-free experience.

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    Our Service Areas

    GTA

    • Toronto
    • Vaughan
    • Aurora
    • Newmarket
    • Mississauga
    • Oakville
    • Richmond Hill
    • Halton Hills
    • East Gwillimbury
    • Caledon
    • New Tecumseth
    • Cambridge
    • Ajax
    • Oshawa
    • Barrie
    • Markham
    • Brampton
    • Maple
    • Burlington
    • Woodbridge
    • Bolton
    • King
    • Orangeville

    Other

    • Ottawa
    • Hamilton
    • London
    • Waterloo
    • Sudbury
    • Owen Sound
    • Schomberg
    • Niagara
    • Guelph
    • Niagara
    • Orillia
    • Sarnia
    • Kitchener
    • Brantford
    • St. Catherines
    • Sault Ste. Marie
    • Uxbridge

    FAQ About Financing Services

    How do you determine what mortgage I can afford?

    We assess your current financial situation, including income, debt, and long-term goals, to determine what mortgage you can comfortably afford. We guide you through this process to ensure you’re confident in your decision:

    • Income: We use your gross income-the amount of money you earn before taxes to determine how much you can afford to repay. Lenders generally look at your annual salary, and bonuses, commissions, or other income.
    • Debt-to-Income Ratio (DTI): Your debt-to-income ratio will be calculated by comparing the total monthly debt payments for loans, credit cards, and other financial liabilities against your gross monthly income. Total debt should not necessarily exceed 40-44% of your gross monthly income.
    • Down Payment: The size of your down payment affects how much you need to borrow and, therefore, your affordability. If your down payment is big enough, your monthly payments will be less.
    • Credit Score: Your credit score influences the interest rates available to you. Higher credit ratings usually qualify for lower interest rates, reducing your overall cost.
    • Interest Rates: We consider current mortgage rates, including the cuts by the Bank of Canada. They can significantly reduce your monthly payments​. Even small changes in rates directly impact what you can afford in terms of a mortgage.
    • Property Taxes and Insurance: More costs are factored into your monthly mortgage payment total so that you can find out how much you really can afford.

    Yes, we can help you get a loan for house improvement. We can offer different variants of personal loans, home equity loans, or lines of credit that best suit your needs and budget. Our solutions ensure flexible financing for everything from small repairs to major renovations​.

    We offer a variety of mortgage solutions aligned to your financial goals. From first-time buyer through upgrading to a new home, we’ll match you with the loan. Choose from fixed-rate mortgages for stability or variable-rate options for potential savings when rates drop.

    Yes, we have financing support for sellers. This would cover loans for home improvement or repairs to increase the value of your property before selling. We also help in bridging the gap between selling your current home and purchasing a new one with our bridge loans or other financing options custom-made for you.

    We simplify the loan approval process by guiding you through every step. We help gather the required documents, submit your application, and work closely with lenders to ensure a smooth and quick approval.

    The general loan approval follows a multi-step process, with the steps summarized below.

    1. Pre-approval: You start by providing basic financial data on income, credit score, and debts. It ascertains how you can borrow.
    2. Application: You will then be required to make an official application together with all supporting documentation, including income tax returns and bank statements for means testing.
    3. Loan Underwriting: An assessment of your creditworthiness, financial history, and details of the property to classify the risk associated with lending money to you will be done by the lender.
    4. Approval and Closing: After being approved for the loan, the lender will have a final offer for the loan. You then sign the documents, after which there will be a disbursement of the funds.