Let's chat: 604-722-8404
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TMG The Mortgage Group Canada Inc.
John Lee - Mortgage Broker
Specializing in First Time Home Buyers, Alternative Mortgages, and Private Lending
Thank you so much for taking the time to learn more about me! I achieved my Business degree from SFU concentrating in Finance and Economics and have worked in different major Canadian financial institutions for many years helping clients fulfill their financial goals. Working as a Mortgage Professional, my role allows me to share my knowledge on the real estate market and advise people through one of the largest investments of their lives. My approach is to strategize and execute a plan to help clients get the most out of lenders and government incentive programs. When I'm not in the office, I'm a proud supporter of Compassion Canada - a non-profit organization that helps release children from poverty. I love volunteering at my local church and spending quality time with my wife and young daughter.
  • First Time Home Buyers Specialist
    I was a first time home buyer and I understand the stress and struggle of buying your first home. I'll guide you step by step through the buying process. In addition, I'll do my best to help you save thousands of dollars by taking advantage of all the government programs available for first time home buyers. In addition, for more difficult financial situations, I will get your file approved.
  • Alternative and Private Mortgage Specialist
    Have you been declined by your bank or credit union? I have access to many lenders and investors with a more relaxed lending guideline. I will give you the best chance of getting your approval.
  • Access to Hundreds of Different Bank and Lenders
    When you consult with me, you're actually talking to my network of hundreds of different banks and lenders. Save your time and let me do the shopping for you to achieve the best rate and terms that suits your needs.
Why Should You Use My Services?
I will negotiate on your behalf. Many people are uncertain or uncomfortable negotiating mortgages directly with their bank. And even if you have an existing relationship with your branch, TMG does millions of dollars of transactions yearly with a wide variety of lending institutions so we have strong lender relationships. I can use that relationship to your advantage to negotiate your mortgage to ensure you secure competitive rates and terms that benefit you.
 
I will also ensure that you're getting the best rates and terms. Even if you've already been pre-approved for a mortgage by your bank or another financial institution, you're not obliged to stop shopping! I can investigate on your behalf to see if there is an alternative to better suit your needs.
 
Do you know about mortgage customization? All mortgages are not created equally, and depending on your financial goals, I will ensure the mortgage you receive helps you with those goals. Whether borrowing to purchase, renovate, or make your mortgage interest tax deductible, I can ensure that the mortgage you have helps achieve these financial goals.
We Can Help With All Types of Mortgages
Residential Mortgage
Need a new mortgage or would like to maximize your equity in your home? I have a full range of lenders to offer you the best rate and terms that fits your needs.
Commerical Mortgage
Obtaining a mortgage on a commercial property is much more complicated. Whether it is an office, retail, or industrial, I can help!
Construction Mortgage
Building your dream home? Get the funds you need from building the foundation all the way to obtaining occupancy permit.
Get started with your application now!
I'm here to help with your mortgage needs, refinancing, new home purchases or mortgage renewals.
Types of Mortgages

A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD). The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select.

A variable-rate mortgage allows you to take advantage of today's low Prime Rate. Most variable rate products are set below prime, terms range from 1 to 5 years. Payments vary depending on the product or lender you choose. In some cases you can fix your payments for up to 5 years, but the interest rate will fluctuate as the Bank Prime Rate changes. In other cases your monthly payments will fluctuate depending on how many times the Prime Rate changes during your term.

An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.

A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance is interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage, if you have good equity in your home.

The Rates, Today
Because I work with a wide variety of lenders I can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates.
How Much Can You Afford?
Use this mortgage calculator to help you figure things out
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Contact me! Let's get started today!

Get in touch with me today for your free consultation!

I'm available to help and add value to your mortgage process. Call me at 604-722-8404 or email john.lee@mortgagegroup.com

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