Let's Chat: 519-571-1121
TMG The Mortgage Group (Ontario) Inc.

As one of the best mortgage brokers in the Cambridge, Kitchener, Waterloo and the Greater Toronto Area, Steve Futyer provides the mortgage information and services that people have come to rely on as he is one of the best mortgage brokers in Toronto and area. Steve, mortgage broker in Kitchener - Waterloo, offers a variety of mortgage and loan products, including the mortgage types listed below, that are available to his clients in Ontario.

Fixed-rate Mortgage

A mortgage with a fixed interest rate that remains the same throughout the loan term, typically ranging from one to ten years. Learn more about Fixed Rate Mortgages.

Variable-rate Mortgage 

A mortgage with an interest rate that fluctuates based on the current market interest rates. The borrower's payments may change according to these fluctuations. Learn more about Variable Rate Mortgages.

Home Equity Line of Credit (HELOC) 

A line of credit secured against the borrower's home equity, which can be used for various purposes, such as home renovations, debt consolidation, or investment. Learn more about Home Equity Line of Credit (HELOC) Mortgages.

Cash-back Mortgage 

A mortgage that offers the borrower a lump sum of cash at the time of closing, which can be used for various purposes, such as down payment, closing costs, or other expenses. Learn more about Cash-back Mortgages.

High-ratio Mortgage 

A mortgage that requires a down payment of less than 20% of the home's purchase price. This type of mortgage typically requires mortgage default insurance. These mortgages are ONLY available to A lenders (Best rates and no fees) MUST meet Stress test criteria and are subject to default insurance premiums. Learn more about High-ratio Mortgages.

Open Mortgage

A mortgage that allows the borrower to make prepayments or pay off the loan before the end of the term without penalty. Learn more about an Open Mortgages.

Closed Mortgage 

A mortgage that allow a percentage of the outstanding mortgage balance to be paid off without penalty either annually or in a lump sum, however if more than this allotment is paid a pre-payment penalty is incurred. Learn more about Closed Mortgages.

Second Mortgage

A mortgage taken out on a property that already has an existing mortgage. This type of mortgage is often used to access home equity for various purposes.

Used primarily for debt consolidation or equity take out for various reasons. Learn more about Second Mortgages.

Reverse Mortgage 

A mortgage designed for seniors who own their home and want to convert some of their home equity into cash without selling their home.
You can structure this to either make payments or no payments are required. You will never be forced out of your home. An excellent resource if you have limited pensions or savings and want to unlock the equity in your home. Learn more about Reverse Mortgages.

Private Mortgage

A mortgage designed to use non-traditional financing methods to access equity with limited to no documentation. These can be up to as much as 80% Loan to Value. Appraisal is always required. Learn more about Private Mortgages.

Alternative Mortgage

This is a mortgage from a Financial Institution that allows Clients to extend ratios beyond the established norm based on several criteria: Business for self / Stated Income / Alternative Income sources / Bruised Credit / Past Bankruptcies or Consumer Proposals. This provides creative financing solutions to homeowners to either refinance or purchase homes. Learn more about Alternative Mortgages.

Refinance Your Mortgage

A mortgage designed to help in unlocking the equity in your home to consolidate debt / use funds to help children buy a home / send them to post secondary school / fund a business venture / or do home improvements. Subject to qualifications and approval form either an A / B or private lender. Learn more about Refinancing a Mortgage.

Rental Mortgage 

A residential mortgage for an investment property up to 4 Units. Minimum of 20 % downpayment for either a purchase or a refinance. Qualification criteria is different at each level of Lender whether it be A / B or Private. Learn more about Rental Mortgages.

Commercial Mortgage 

A mortgage designed to refinance or purchase a Commercially zoned property for Business purposes. Subject to qualifying conditions. Learn more about Commercial Mortgages.

Contact Steve, the Best Mortgage Broker in Kitchener Waterloo, for your new fixed rate, variable rate and new mortgage. If you need assistance with refinancing a mortgage, whether you are looking for a Home Equity Line of Credit Loan and any of the various types of mortgages listed for TMG Mortgage Group. Steve offers a free mortgage consultation to help you understand the ins-and-outs of mortgages

10 Second Mortgage Application

Complete this form to start your mortgage application!

Get started now and Steve will contact you for any additional information needed. Include in your message the type of mortgage you want (please do not include any personal financial info).