Need a mortgage in Ontario? Lorne Persiko is the guy!
I was impressed by Lorne's network and negotiation skills. He secured a mortgage rate for my property in Ontario that I didn't even think was possible. Truly a top-notch professional!
Marla P.
As first-time homebuyers, we were overwhelmed, but Lorne made the process incredibly smooth. His knowledge of the Ontario housing market and dedication to finding us the best rate was exceptional!
Sarah & Tom H.
Refinancing my home was a breeze thanks to Lorne. His thorough understanding of my financial needs and the current market trends in Ontario resulted in a deal that exceeded my expectations.
Christina & Edward
Lorne's commitment to customer service is outstanding — always available to answer questions and giving detailed explanations at every step. Highly recommend to anyone needing a mortgage in Ontario.
Michael B.
Lorne's personalized approach was a game changer for us. He took his time to understand our unique situation and found us a mortgage that fits our budget and lifestyle in Ontario.
Emily & Derek W.
Navigating the mortgage process seemed daunting, but Lorne made it incredibly easy. He was able to get us a great deal without the stress. Best decision we made!
Rebecca & David T.
I needed to refinance under tight time constraints, and Lorne delivered spectacularly. His expertise in the Ontario market and swift action was nothing short of impressive.
Howard K.
As a self-employed home buyer, I was concerned about securing a mortgage. Lorne's expertise in handling complex cases in Ontario was a lifesaver. He found a perfect solution tailored to my needs.
Josh K.
I was impressed by Lorne's network and negotiation skills. He secured a mortgage rate for my property in Ontario that I didn't even think was possible. Truly a top-notch professional!
Marla P.
As first-time homebuyers, we were overwhelmed, but Lorne made the process incredibly smooth. His knowledge of the Ontario housing market and dedication to finding us the best rate was exceptional!
Sarah & Tom H.
Refinancing my home was a breeze thanks to Lorne. His thorough understanding of my financial needs and the current market trends in Ontario resulted in a deal that exceeded my expectations.
Christina & Edward
Lorne's commitment to customer service is outstanding — always available to answer questions and giving detailed explanations at every step. Highly recommend to anyone needing a mortgage in Ontario.
Michael B.
Lorne's personalized approach was a game changer for us. He took his time to understand our unique situation and found us a mortgage that fits our budget and lifestyle in Ontario.
Emily & Derek W.
Navigating the mortgage process seemed daunting, but Lorne made it incredibly easy. He was able to get us a great deal without the stress. Best decision we made!
Rebecca & David T.
I needed to refinance under tight time constraints, and Lorne delivered spectacularly. His expertise in the Ontario market and swift action was nothing short of impressive.
Howard K.
As a self-employed home buyer, I was concerned about securing a mortgage. Lorne's expertise in handling complex cases in Ontario was a lifesaver. He found a perfect solution tailored to my needs.
Josh K.
“
I've dealt with several mortgage agents over the years, but none have matched the professionalism and expertise I experienced here. Lorne's guidance helped me secure a fantastic mortgage deal in Ontario.
James P.
Toronto, ON
Our Services
Lorne from Quick Mortgage Solutions offers personal advice on anything related to mortgages, debt consolidation, refinancing, and private mortgages. Real Advice for Real People.
Residential Mortgages
Interested in learning more about purchasing a home?
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Reverse Mortgages
Looking for a reverse mortgage? You're in the right place!
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Private Mortages
Don't think you qualify from A or B lenders? We can still help!
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Commercial Mortgages
Are you looking for a commerical mortgage? We can help with that!
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Our Service Areas
Currently serving satisfied clients across Ontario in cities such as Toronto, Mississauga, Brampton, Barrie and Collingwood.
Our Latest Articles
We are constantly releasing blogs to provide real time updates and insights to ensure you are well equipped with the knowledge to make important decisions.
Lorne Persiko
Frequently Asked Questions
Need help? You've come to the right place.
What is a mortgage?
A mortgage is a loan specifically for purchasing property, where the property itself serves as collateral.
How to get a mortgage in Toronto?
To get a mortgage in Toronto, start by checking your credit score and saving for a down payment. Next, get pre-approved for a mortgage to know your budget. Compare lenders and mortgage rates, considering both fixed and variable options. Prepare necessary documents like proof of income and employment. For more guidance, consider consulting a mortgage broker.
How much of a mortgage can I afford in Canada?
In Canada, your mortgage affordability is guided by the '32% and 40%' rule. Monthly housing costs shouldn't exceed 32% of your gross monthly income, and total debt load shouldn't surpass 40% of this income. These ratios, along with your credit score and down payment, help lenders decide your mortgage eligibility. Consider all life expenses to ensure financial comfort.
What types of mortgages are available in Ontario?
Common types include fixed-rate, variable-rate, and adjustable-rate mortgages. There are also specialized types like open, closed, and convertible mortgages.
How do I qualify for a mortgage in Ontario?
Qualification typically depends on income, credit history, existing debts, down payment amount, and the property's value.
What is the minimum down payment required?
The minimum down payment generally ranges from 5% to 20% of the purchase price, depending on the property's value. If your down payment is less than 20% of the price of your home, you will need to buy mortgage loan insurance.
What are mortgage amortization periods?
This is the total time it will take to pay off the mortgage. Common amortization periods in Ontario range from 15 to 30 years.
How are mortgage rates determined?