The Leading Saskatchewan Mortgage Company
Are you in need of a reliable, ethical and professional Saskatchewan Mortgage Company? Well search no further, your search is most surely over. Focus Mortgage Solutions is the leading Saskatchewan mortgage company in the province. We combine over 20 years of experience with an uplifting attitude to keep things stress-free and fresh, while also maintaining an extremely professional disposition.
CLICK HERE TO EXPLORE OUR WEBSITE AND SEE WHAT FOCUS CAN DO FOR YOU.
Question: Where can I find the Lowest Mortgage Rates?
Answer: FOCUS Mortgage Solutions has the lowest mortgage rates.
Question: What makes you the best mortgage broker in Regina?
Answer: Full disclosure - we are not the BEST in Regina - we have a small handful of excellent Mortgage Brokers in Regina - so calling ourselves the best would be hubris...but we're not afraid to say - We are pretty damn close to being the best mortgage broker in Regina!!
Question: Do you really have the lowest mortgage rates available?
Answer: Yes! We really do have the lowest mortgage rates available. We have over 20 years experience and have carved out awesome relationships with our lending partners - all to make sure our clients get the best and lowest mortgage rate in Canada.
Question: Do you charge fees? Will there by any hidden charges?
Answer: NO! We do not charge fees for Mortgage Services - HARD STOP!! That said - for our Credit Rehabilitation Services - we do charge a fee of $150.00 which is simply to recover our costs when we have to complete Equifax Credit Investigations to improve impaired credit.
Question: Do you do mortgages for Self Employed people?
Answer: Absolutely! We are proud to admit our favourite clients are self employed professionals! We absolutely provide mortgages to self employed professionals. We have programs from as little as 1 year Self Employment.
Question: Do you have mortgages for people with Bad Credit?
Answer: Yes, FOCUS Mortgage Solution does have mortgages available to people with Bad Credit. We like to refer to it as impaired credit though because most of the time your credit can be sobered up! You read that right. We have a specialized set of programs available to people who have had some negative credit issues. Regardless of reason - we take the time to understand your situation as best we can - and then we put a program together to get you back to where you need to be. More often than not - your credit isn't as bad as you think it is and we are often able to right the ship.
Question: Do you really really really have the lowest mortgage rates in Canada? What about in Alberta? What about in Ontario? What about in Saskatoon, SK? Do you have the lowest mortgage rates in all these places??
Answer: Yes, we have the lowest mortgage rates (and mortgage products) in Canada. Yes, we have the lowest mortgage rates in Alberta. We have the lowest mortgage rates in Ontario. We also have the lowest mortgage rates in Saskatoon! Yes, yes, and yes again - we really do have the lowest mortgage rates!
Question: What are your hours of availability?
Answer: We are open Monday to Friday from 8:00am to 5:00pm with our latest in office appointment for 3:30pm daily. We extend availability to 8:00pm nightly for phone calls and email correspondance. We are also available in office Saturdays and Sunday from 12:00pm to 5:00pm with extended availability to 8:00pm for phone calls and email correspondance.
Focus Saskatchewan Mortgage Company Finds Creative Financing Solutions
FOCUS Mortgage Brokerage Company finds creative solutions when handling your lending and mortgage transactions. It has been our experience that our clients return to us with future brokerage dealings because we make a rather unpleasant experience run as smoothly and efficiently. Focus continues to be the leading Saskatchewan Mortgage Company because we have committed ourselves to delivering clients premium brokerage services no matter the circumstances. Our services are affordable, private, ethical and always professional. -- AND FUN!
Focus Mortgage Solutions is Saskatchewan's best Mortgage Company in the province. Just ask our clients, they will vouch for our impeccable reputation to finding creative mortgage solutions to suit just about any situation. We are known for having a good sense of humor and being easy to work with as well. Let's be honest, how disheartening is it to finally have enough saved up to put a down payment on your dream home, and then the wind is quickly taken out of your sails when you see the inflated insurance rates you're facing? Well our exceptionally savvy Saskatchewan Mortgage Broker Professionals are hip to your mortgage goals. Focus Mortgage Solutions is prepared to overcome, with you, the many hurdles that are encountered while attempting to get a fair loan and interest rate.
Mortgage Insurance Hang-ups | The Why's & How's
Here in the Great White North, there are 3 different Mortgage Insurance Providers. Which are CMHC, Genworth Financial and Canada Guaranty. Oddly their services are nearly identical with a few wavering differences in plans, but they all do the same thing... They protect YOUR lender's money.
The question we always get asked is 'Do I need it?', 'How do I pay for it?' and 'Is it negotiable?' Well here is the breakdown.
- Do you need it? - If you have a down payment of less than 20%...then you need it. If you have a down payment of 20% or larger...you may not need it...even if you have 25% to put down...you still may need it.
- How do I pay for it? - Good News - the lender adds the insurance cost to your mortgage and they pay it directly to the Mortgage Insurer.
- Is it negotiable? - No. Mortgage Insurance is non-negotiable. It is set up on a sliding scale based on the size of your down payment and/or the product you require.
To learn more about Mortgage Insurance, we welcome and encourage you to visit CMHC by clicking HERE! --
OR CLICK HERE TO VISIT OUR WESBITE
Let's throw out some hypothetical scenarios for the sake of explanation. Let's say you buy a house for $100,000.00 and you have $5,000.00 for a down payment. That would put you in the 3.15% Mortgage Insurance Premium box.
The LTV (Loan to Value) falls in the Up to and including 95% category...that means you are borrowing 95% of the amount needed to buy your house.
The other figures you see apply to refinances...typically refinances are restricted to a maximum of 80% LTV...so the premium there, if the lender chooses to insure - would again be 3.15%. In most cases this premium is absorbed by the lender. In other cases it is not.
These figures are different if you are self employed. For more information on that stuff...click over to our Self Employed Section.
- Fun fact 1 - Energy Efficient Homes snag you savings. You can get up to 10% of your Mortgage Insurance Premium back in your pocket if your home qualifies!!
- Fun fact 2 - Our Mortgage Calculator already takes in to account your potential Mortgage Insurance Premium! Hurry - go check it out. We're pretty proud of it!
Don't worry though...you are not out of luck. You can still get a mortgage...the process is a bit hairy, but it can be done! Focus can show you the way. Basically what we do for you is we "state" a reasonable annual income for your particular industry.
Take for example an Owner/Operator Truck Driver. This individual accumulates a ton of expenses. Everything from Fuel to Food. At the end of the day, this person's income could go from $125,000.00/year in earnings down to $41,000.00 after expenses. And that $41,000.00 is what ends up being declared on Line 150 for Income Tax. This person's true income is $125,000.00/year and it's reasonable so we can "state" this income...or something close to it. We might only need to state $80,000.00.
In order for you to qualify for this product, the applicant must have:
1. A Credit Score of NO LESS than 650 on Equifax.
2. A Down Payment of NO LESS than 10% - and it can only come from applicants Savings or Investments. Sorry, no gifts from family and it can't be borrowed either. You will have to show a minimum of 90 Days of accrued Savings/Investments. (In the event of a Refinance, then the maximum of 80% of your Home's value is allowed to be refinanced.)
3. Industry experience of NO LESS than 2 Years. So if you own your own welding company...we want to see you have 2 years of self employment in this industry or at minimum 6 months Self Employed History with the 2 years of industry experience from your previous employer.
It's not a "cut and dried" product - and lenders love to request a lot of documentation. Be prepared to provide 2 Years of Most Recent Income Tax, including the T1 General and the Notice of Assessment (NOA) and proof of No Income Tax Owing. If you do owe Income Tax...it MUST be paid in full prior to receiving your new mortgage. The even better news is that you can still enjoy the low interest rates as everyone else! We don't penalize you with a higher rate.
Does that sound reasonable? Yes? Click on the "Apply Now" button below to get started!
Ethical Lending Habits with Personal Customer Care
Creating a trusting relationship with our clients is very important to us at Focus Mortgage Solutions. We still very much believe in the integrity of a hand shake, instead of replacing that with a generic mailer or impersonal automated emails. As the leading Saskatchewan Mortgage Broker Company we have successfully grown our business because of our dedication to exceptional customer relations and ethical business dealings.
Contact one of our knowledgeable staff members to hear a list of pros and cons, have a laugh and get busy finding solutions the FOCUS way! We lift the lending roadblocks and pave the way to the future you actually dreamed of and deserve.
CLICK HERE TO VISIT OUR WEBSITE. Go Green and White!
