INVESTING IN PROPERTIES HAS NEVER BEEN THIS SIMPLE
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Purchase
Whether you are purchasing your new home or investment property, we are here to make it simple and smooth. We love helping First-Time buyers under the First-Time Home Buyers plan too!
Real Problems, Real Solutions
We are dedicated to helping our clients find the investment property that is right for them. Whether you need a mortgage for your first investment property or are looking for properties to invest in areas like Toronto, Oakville, Brampton, Mississauga, and more, we have the expertise and resources to help you achieve your goals.
Our experienced professionals will work with you to assess your situation and find the mortgage solution that best meets your needs, whether you are looking for a competitive rate or exceptional customer service.
Ready to take the next step toward investment success? With us, your investment property goals will be achieved!
We Got The Answer For Every Situation
When buying a property for investment, consider different aspects to step up your investment-hunting game! Your salary is the primary factor that will determine the amount of the mortgage that you will have no trouble paying down.
Suppose you plan to invest in a property in areas like Oakville or Brampton; we can help you find the best deal possible. Experience, expertise, and a deep understanding of the mortgage industry are just a few benefits you will enjoy when working with our team!
Don’t wait any longer; your dream of an investment property will be just a few steps away with our guidance/help.
The Right Solution To Every Situation
The Answer To Your Problems
We provide solutions for investments on rental properties or mortgages tailored to our client’s unique needs. Whether you are looking for a first investment property in Mississauga or considering expanding your investment portfolio, our team has the knowledge and expertise to help you achieve your investment goals.
From competitive rates to excellent customer service, we strive to provide you with everything you need for a successful investment. We are committed to helping you find the right investment property for you, so get in touch with us today, and let’s start working toward your investment success!
Consult Our Experts Today
We know that making critical financial decisions can be daunting. Whether you’re interested in an investment property in Vaughan or considering expanding your real estate portfolio, our experts at Orion Financial are here to help. Our team is dedicated to providing you with the guidance you need to make informed financial decisions.
Whether you’re buying your first investment property or are considering refinancing an existing investment mortgage, our team of experts can help. We offer free consultations to help you assess your financial situation and determine the best action for your unique needs and goals.
Things To Take Note When Comparing Property Mortgages
Fixed Vs Variable Rates
Mortgages come with the option of fixed or variable interest rates. Fixed rates are recommended if you prefer predictability and stability in your mortgage payments. This is a good option if you plan to have your property up for rental services.
Variable rates, on the other hand, can fluctuate with market conditions, making them more suitable for short-term or variable-length mortgages. You may even be able to lock in a fixed rate for a short period at the beginning of your mortgage term.
Prepayment Options
You also need to consider whether you want to be able to make extra payments or accelerate your mortgage pay-off date, and if so, how this will affect your interest rates. Some lenders may charge a penalty if you exceed the prepayment amount or pay off your mortgage early.
Consulting an expert mortgage broker can help you navigate these and other important considerations when choosing a mortgage loan. With the help of our team at OrionFinancial you can find the investment property mortgage that’s right for your unique needs and goals.
Prepayment Options
You also need to consider whether you want to be able to make extra payments or accelerate your mortgage pay-off date, and if so, how this will affect your interest rates. Some lenders may charge a penalty if you exceed the prepayment amount or pay off your mortgage early.
Consulting an expert mortgage broker can help you navigate these and other important considerations when choosing a mortgage loan. With the help of our team at Orion Financial, you can find the investment property mortgage that’s right for your unique needs and goals.
Length of Mortgage Term
The amortization period refers to the actual amount of time it will take you to pay off your mortgage loan in full. Generally, the longer you take to pay off your mortgage, the lower your monthly payments will be, which means you will pay more interest over time.
Your amortization period will generally depend on several factors, including how much you can afford to pay each month and your financial goals. By consulting with our mortgage broker, you can ensure that you choose the best amortization period for your specific needs and budget.
Down Payment Amount
Another important thing to consider when comparing mortgages is your down payment amount. Generally speaking, the more money you can put down on your property, the better it will be for your financial situation in the long run.
Suppose you are buying a property for investment purposes. In that case, it’s even more important to have a large down payment amount, as this will reduce your overall debt consolidation load and allow you to earn a higher rate of return on your property.
Open Or Closed Mortgage
You need to decide whether you want an open or closed mortgage. With an open mortgage, you can pay off your loan early or take out a large lump sum of cash without paying any penalties. However, the interest rates on these loans are generally higher than those charged by closed mortgages.
On the other hand, closed mortgages limit your flexibility when making extra payments or accessing large sums of money. However, they typically have lower interest rates and fees. When choosing between an open or closed mortgage, it’s important to consider your financial goals and how you plan on using the loan proceeds.
Our experts are highly knowledgeable in property investment and can help you make smart decisions about investment rental properties, investment taxes, investment property calculators, and more.
Get Your Investment Property On Your Terms
Only settle for a mortgage loan that fits your needs and goals. We are committed to helping you find the investment property mortgage that’s right for you. Our experienced mortgage brokers will help you navigate all the important factors in choosing a property loan.
Here are the steps involved in the purchase of a home:
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Determine your budget and get pre-approved for a mortgage:
Before you start looking for a house, it's important to have a clear idea of how much you can afford to spend. You can get pre-approved for a mortgage, which means that a lender has agreed to lend you a certain amount of money based on your income, credit history, and other factors. Pre-approval can help you narrow down your search and make you a more attractive buyer to sellers.
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Find a real estate agent:
A real estate agent is a professional who helps people buy and sell houses. They can help you find houses that meet your criteria, negotiate with sellers on your behalf, and handle all the paperwork involved in the process.
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Search for homes:
With the help of your agent, you can start looking for houses that meet your needs and budget. This might involve browsing listings online, visiting open houses, or touring homes with your agent.
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Make an offer:
When you find a house you want to buy, you'll need to make an offer to the seller. This involves stating the price you are willing to pay and any other terms or conditions of the sale, such as closing dates or contingencies. Your agent can help you craft a strong offer that stands out to the seller.
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Negotiate:
Once you've made an offer, the seller may accept it, reject it, or counter with a different offer. You and the seller can negotiate back and forth until you reach an agreement that both parties are happy with.
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Get A Home Inspection:
Before you finalize the purchase, it's a good idea to have a professional inspect the house to make sure there are no major issues that need to be addressed. The inspector will look at the condition of the house and report back to you on any problems they find.
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Finalize The Sale:
Once you and the seller have reached an agreement and the inspection has been completed, you can move forward with the sale. This usually involves signing a contract and paying a down payment (usually a percentage of the purchase price). The rest of the purchase price will be paid in installments over time, usually through a mortgage loan.
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Close On The House:
Closing is the final step in the process of purchasing a home. It involves signing all the final documents and paying the remaining balance of the purchase price. Once the closing is complete, you'll be the owner of the house!
What People Say About Us
This company [Maksim and the entire staff] was amazing to work with. I really had no issues whatsoever. They were on time and very diligent. They went above and beyond to make sure that my experience was great. They were able to get me a fantastic rate on my mortgage. I have now used them for 2 mortgages, and I will not use any other agent in the future. I highly recommend.
Tamer Abdelshaheed
The Orion Financial team exemplifies professionalism and attention to detail in their work and their relationships with their clients. They definitely have a winning formula for your home ownership dreams!
Jessi
Max is a real pro and a great person to work with. He knows all the possible options for mortgages, including for complicated cases that we recently had, always available and supportive through the whole (sometimes long and stressful) period of getting the mortgage. I would recommend Max without any reservation and would use the Orion Financial service in the future.
Gennady Pekhimenko