Salaried workers have a range of mortgage product options to choose from, but only a broker, such as one from Multi-Prêts, can offer you such a wide choice.
Multi-Prêts Hypothèques offers you over 165 different mortgage products chosen from the biggest financial institutions in the country. You will therefore be able to secure a better mortgage rate or mortgage refinancing.
When you do business with us, you do business with over 15 financial institutions in just one appointment.
You can get funding for up to 100% of the property value* (some conditions apply).
Buy a duplex with a mere 0% down payment (owner-occupied).
Own a triplex or quadruplex with a 10% down payment (owner-occupied).
Get fixed, variable, open, convertible, closed, discounted rate mortgages, etc.
The eligibility criteria depend on the mortgage product and the lending institution. You must also satisfy the financial institution’s debt ratio.
Here is a brief summary of the selection criteria:
The Gross Debt Service Ratio (GDS) should not be higher than 32%. This is the ratio of your gross household income to your mortgage payment, taxes and energy costs as well as half of condominium fees where applicable.
The Total Debt Service Ratio (TDS) is 40%. This calculation is necessary if you have other debt obligations in addition to the mortgage loan (car loan, credit cards, line of credit, etc). This is the ratio of your gross household income to the mortgage loan, taxes, energy costs and other loans (car loan, credit cards, line of credit, etc).
Generally speaking, you should not exceed any of the above ratios.
You may however still be eligible even if you exceed or think you exceed these ratios (alternative loans). Please contact us for additional information.
You must provide us with proof of employment/income and must be practicing your profession for at least one year;
We will verify the down payment.
As a mortgage consultant, we will calculate your debt ratio and check whether you satisfy the requirements to secure a mortgage that best suits your needs and budget.
After that, all you have to do is find your dream property!
Source : So many posibilities!
The H.B.P. is a governmental program by which every qualifying individual can extract up to a maximum of 20 000 $ from his(her) RSSP without any taxes, provided he(she) acquires a property which will become his(her) main residence.
However not all RRSPs can qualify to be used in H.B.P.
When considering H.B.P., the amounts cashed out of the RRSP have to be repaid in their entirety within 15 years maximum.
The first repayment is due after the third civil year following the year of the cash out. Revenue Canada mails you an annual statement. If you do not remit the minimum annual amount, this amount will become a taxable one in your current year's tax declaration.
In order to qualify for this program, you need to comply with the following requirements :
Not to have owned your main residence for the last 5 years.
To have signed a purchase offer or a preliminary contract (for a new construction).
To become the owner before October 1st of the year following the cashing out from the RRSP.
To have had the RRSP for a minimum of 90 days.
Not to be living in couple with the owner of the property you currently live in (fiscal contamination by the spouse).
having repaid in its entirety the 1st H.B.P. if this is your 2nd H.B.P.
Which properties can qualify :
To qualify, a property must be located in Canada and used as a main residence. It must not have been your own property, or your spouse's, more than 30 days before the cashing out of the RRSP. Finally, you have to occupy the residence as your main lodging location less than one year after its acquisition or its construction.
Types of property which qualify : Condominium
Semi-detached
Single family dwelling
Semi-commercial
Duplex
Triplex
Town house
Multi-units, ... 
Historically, a minimum down payment of 5 % of the purchase price was required to purchase a property.
However, recently rules have changed allowing you to purchase without putting any cash down.
These mortgage products are aimed at house buyers who have excellent credit records, a regular flow of income, but who have not yet accumulated the required down payment amount (traditionally 5 %) or who have chosen to use their savings to another purpose in terms of asset growth.
It is the bank which will then provide the equivalent of 5 % of the property's borrowing value.
Since Multi-Prets consultants negotiate on your behalf the best mortgage conditions with over 15 financial institutions, you are being offered a range of mortgage products.
It is then essential to communicate with one of our consultants to get informed about the particular conditions of every product in order to make the best possible mortgage choice. 
You are your own boss, your business is running fine and you are proud to be self-employed. The only shadow in this perfect picture comes from the fact that several people lead you to believe that it would be rather difficult to obtain the financing to purchase your new property.
Your Multi-Prets mortgage financing consultant could very well be the solution to achieving your project.
Thanks to our partnerships with over 15 financial institutions, your Multi-Prets consultant can offer you a wide variety of outstanding mortgage products including a range of specially designed products which address the particular conditions of self-employed people.
In fact, you might even not have to disclose any company financial statements, which means both less paper and forms to fill-in. When communicating with one of our consultants, you might be able to obtain a mortgage approval based upon your previous personal credit records and not necessarily based upon your company records.
In addition, it is possible for you to become the owner of a property by putting down a mere 10% down payment.
Fill-in our online application now! . 
