With every new client, we take the time to listen to your needs in order to build a plan that is in line with your goals. The process is divided into parts where we focus on information gathering, communication and processing, and delivery. It is important to us that you are informed and assured when selecting a mortgage.
Buying a home
Whether you are a first time home buyer or looking for that savvy investment property, stress and complications can arise when arranging financing. That's where we come in. Let us help you secure the right mortgage.
Considering a refinance
There are many reasons to consider a refinance. Lower interest rates, debt consolidation, or even just accessing the equity in your home. We can discuss the pros and cons with you to see if a refinance is right for you.
Renewal coming up?
Is your mortgage renewal coming up? Is your lender offering you the best rate and terms? Call us for a no obligation consultation to see if we can find you something better and if it makes sense to switch.
Jose and Balraj are friends and mortgage broker partners who have worked together for several years. They started lendlab in the hopes of adding warmth to a process that can sometimes feel impersonal. Their team based approach is focused on putting you and your family first.Read more
Ready to get started?
A mortgage broker is an independent, licensed, and certified professional with an established network of lenders who works on your behalf to find the most suitable option for you. We do the research to save you the time and hassle of dealing with different banks and lenders so that you can focus on other aspects of the home buying process.Apply now
We highly recommend Jose and LendLab! Jose made financing happen for us in record time, had an answer and explanation for every single question we had, was available at any time of the day or night and was even able to get us a last minute rate drop. On top of that, he was patient, pleasant and genuinely cared about us and his knowledge, professionalism and expertise can’t be beat. We are so appreciative of the way Jose went above and beyond to make purchasing our first home such a wonderful, stress free experience and we are looking forward to working with him for years to come! Thanks for making our dreams come true Jose!
Jose made getting our new home not only possible but set us up for it to be absolutely painless, Jose spent months making sure we set every pawn in place so that our current house and our new house were set in perfect positions to help us maintain a positive cashflow, by following his expert advice we were able to get our dream home and not stress about anything during the whole process, if you want a stress free transaction, backed by skill and expert advice Jose is the man for the job!
I couldn't be happier with the support and service that was provided while I was shopping for a home. I have used previous banks/mortgage brokers in the past and I have never been more satisfied or felt I was able to trust in the way I was able with lendlab mortgage. Through every step of the way, my worries were eased and it was a truly painless and all around wonderful experience. You can tell Jose truly loves his job and always looks out for the best interest of his clients, is always one step ahead of the game and makes the perfect recommendations for other businesses that are required when purchasing a home. I can say I'd choose lendlab mortgage again, 100 times over.
Working with Balraj was a great experience for me. For my first time researching my own mortgage I had a lot of questions and different scenarios I wanted to explore and Balraj was patient, professional and knowledgable about everything I asked. I never felt pressured to make any decisions and truly appreciated the guidance in making such an important financial decision. I would highly recommend him as a mortgage broker!
5 Credit Habits To Boost Your Score
Your credit score is essentially your passport to financial opportunities. A low credit score can prevent you from getting the lowest mortgage rate, or even from getting a mortgage at all. But here’s the thing, this important factor in your mortgage negotiation is entirely within your control. That’s why it’s important to know the key credit behaviors that can boost your score or keep it high
What does a mortgage broker do?
Negotiate a client’s mortgage application with several financial institutions. Get you the best mortgage conditions available on the market, depending on your financial situation and credit history. Advise you on the best products and financial institutions available for your particular circumstances.
What is a conventional mortgage?
A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.
What is mortgage loan insurance?
Mortgage loan insurance is insurance provided by Canada Mortgage and Housing Corporation (CMHC), a crown corporation, Canada Guaranty and Sagen, approved private corporations. This insurance is required by law to insure lenders against default on mortgages with a High Ratio. The insurance premiums are paid by the borrower and can be added directly onto the mortgage amount. This is not the same as mortgage life insurance.
What is a fixed rate mortgage?
The interest rate on a fixed-rate mortgage is set for a pre-determined term - usually between 6 months to 5 years. This offers the security of knowing what you will be paying for the term selected.
What is a variable rate mortgage?
A mortgage in which payments are fixed for a period of one to two years although interest rates may fluctuate from month to month depending on market conditions. If interest rates go down, more of the payment goes towards reducing the principal; if rates go up, a larger portion of the monthly payment goes towards covering the interest. Open variable rate mortgages allow prepayment of any amount (with certain minimums) on any payment date.
What is a down payment?
Very few home buyers have the cash available to buy a home outright. Most of us will turn to a financial institution for a mortgage the first step in a potentially long-standing relationship. But even with a mortgage, you will need to raise the money for a down payment. The down payment is that portion of the purchase price you furnish yourself. The amount of the down payment (which represents your financial stake, or the equity in your new home) should be determined well before you start house hunting. The larger the down payment, the less your home costs in the long run. With a smaller mortgage, interest costs will be lower and over time this will add up to significant savings.