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Scarborough’s #1 Mortgage Broker Welcomes You!

Home Refinancing Specialists Available in Scarborough

CMB – Scarborough’s Very Own Mortgage Brokers

In the East of Toronto lies Scarborough, home to over 40,000 people. We welcome you here and hope you enjoy your new home. Just remember that we should be your first call when it comes to getting your mortgage done, regardless of what type of deal it is. Beacuse we are the best Mortgage Broker in Scarborough.

The Top Mortgage Brokers

Banks advertise their rates, but those are not the lowest available. For our brokers, lenders have rates even lower than advertised, and those rates are what we will get for you. Because of the rapport we have built with local lenders, your process is guaranteed to be faster than it will be with any other broker. We ensure that. Here in Scarborough, we have made life easier by providing mortgage broker services that are unbeatable. If you would like your mortgage done quickly and professionally, give us a call today. We are here for you.

Our Scarborough Based Mortgage Brokers Offer The Following Services

First-Time Buyers

Our experienced brokers specialize in assisting first-time buyers in reaching their homeownership aspirations. We'll lead you through the process, outlining options and assessing expenses to find the most suitable solution.

Mortgage Refinancing

Unlock additional funds through mortgage refinancing. We'll assess your situation to ensure it's the right move, enabling you to start afresh with updated terms and rates.

Mortgage Renewals

Take charge of your finances with a renewal contract. Contact our mortgage brokers three months in advance to secure the best deals and lowest rates from lenders.

Private Mortgage

When traditional lenders can’t help, private mortgages provide a solution. Prioritizing property value over credit scores, they cater to diverse borrowers and need considerably less time to process applications.

Second Mortgage

Access up to 90% of your home's value through a second mortgage. Minimize risk by assessing properties and choosing trustworthy brokers who will protect your home given lenders as collateral.

Self-Employed Mortgage

Receiving mortgage approval can be challenging for the 15% of Canadians who are self-employed due to strict income verification. Acknowledging these obstacles, we provide customized mortgage solutions tailored to the unique needs of self-employed individuals.

Construction Financing

Building your dream home requires dedication and financing. With typical down payments ranging from 25-35%, meticulous planning is essential. Our construction financing options cater to both contractors and homeowners, featuring a 15% contingency fund.


In Canada, HELOCs offer flexible financial options, granting access to up to 65% of home equity with appealing low-interest rates. However, responsible fund management is vital to prevent overspending and the risk of losing your home.

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Why Us

For Your Home

For the fastest residential mortgages, just give us a call. We will get to work right away for you so you can spend more time getting ready to move into your new home instead of spending that valuable time messing around with paperwork, paperwork, and more paperwork. Not only are we the fastest at getting your deal closed out so you can get on with your life, but we are also the cheapest. Despite that fact, you still receive a better quality of service than you would with another broker. Our vested interest is in getting you the absolute lowest rates available.

Mortgage Refinancing Experts

Getting your house refinanced can be just as much of a trying time as it is when getting a new loan. Now that you know we are here, mortgage refinancing is the easiest it has ever been or ever will be.

For Your Business

We have highly trained staff members in the area of commercial property investment. This is why our highly qualified staff are getting any commercial mortgage as painless as it can be. Our people work closely with lenders to ensure you get the lowest rate in the shortest amount of time possible.

Best Stress-Free Mortgage!
We Will Answer Your Phone Calls!
Have Your Financial Interests In Mind!
Get You Rates Others Will Not!
Call us: +1 866 921 8890

Questions? We’re here to help!

Certified Mortgage Broker Scarborough!

Frequently Asked Questions About Your Scarborough Mortgage

  • What Is A Mortgage?

A mortgage is a loan agreement between a borrower and a lender specifically for the purpose of buying a property. The property in question is used as collateral against the loan meaning the mortgage holder can repossess it if the borrower fails to make repayments.

The property is then sold, and the proceeds are used to cover the capital and any outstanding interest. A mortgage has a set term, capital amount, negotiated interest rate and resultant repayment amounts.

  • What Is The Difference Between A Closed And An Open Mortgage?

One of the decisions that you will have to make when you enter into a mortgage agreement is whether to take a closed or open mortgage repayment plan. It is important to understand the difference between the two because the wrong choice could ultimately cost you a lot of money.

An open mortgage repayment plan

An open mortgage repayment plan places no restrictions on paying off your mortgage early. For this flexibility, they charge a higher interest rate. Open mortgage plans are typically shorter than closed plans, running for six to twelve months on fixed interest rates and one to five years on variable interest rates.

A closed mortgage repayment plan

Although most mortgages do come with acceleration clauses, a closed mortgage repayment plan restricts the size of your repayments. If you choose to pay the mortgage early you will pay penalties. The interest rates on a closed mortgage are however lower.

  • What Are The Advantages Of Getting Mortgage Pre-Approval?

Mortgage pre-approval is the process of calculating what size mortgage you will qualify for. During the quick and easy process (it shouldn’t take more than a few days) you’ll find out exactly the size of the mortgage you qualify for, what your repayments will be. You will also lock in the interest rates for between 60 and 120 days.

The benefits of getting mortgage pre-approval are:

  • You can save time and effort by looking only at properties that you can afford
  • You may have a better chance of negotiating with the seller because he knows that the money is pre-approved
  • Pre-approval will give you a better picture of what you can afford and can help you to budget.
  • Should I Opt For Fixed Or Variable Interest Rates?

Whether you choose to go with fixed or variable interest rates for your mortgage depends very much on your personal circumstances and your appetite for risk. Here’s how they differ;

Fixed interest rates

Fixed interest rate mortgages are by far the most popular choice in Canada. The interest rates on a fixed term mortgage will not change for the full term of the mortgage. A fixed term mortgage makes it possible to budget with certainty for the monthly repayments, which for some people is very important. Although fixed interest rates are higher over the longer term, many of these rates are highly competitive.

Variable interest rates

Variable interest rates are tied to the prime interest rate and move up and down in tandem with prime. Over time variable rates are lower than fixed rates, but if you need the comfort of knowing exactly what your monthly repayments will be over an extended period, this option may not be for you.

  • How Much Will I Need For The Down Payment On The Mortgage?

The down payment is the amount that you contribute to the payment of your home. How much you put down can have a big influence on the property that you can afford, the size of your repayments and on whether you will have to pay mortgage default insurance or not. It is always best to put down as much as you can afford.

In Canada, depending on the value of the property you buy, the minimum down payment permissible is 5%. If you put down less than 20% you will have to purchase mortgage default insurance. This insurance is calculated as a percentage of your mortgage. It protects the lender against default.

  • What Are Closing Costs?

Closing costs are costs incurred in the purchase of a house. They are paid over when the property is transferred from one buyer to another. These costs can be substantial and you should budget for them. Typically, they come to between 2% and 4% of the mortgage. These costs include;

  • Land transfer taxes
  • Home owner’s insurance
  • Property appraisal fees – the lender will require an appraisal to verify the value of the property you plan to buy
  • Legal fees
  • Home inspection fee – required to satisfy yourself the home you plan to purchase is structurally sound
  • Pre-paid utility bills
  • Property insurance.
  • Understanding The Terms Associated With Mortgages

Amortization – The period over which you will make regular payments to pay off your mortgage.

Appraisal – the formal assessment of the value of the property that you plan to buy.

Deposit – the amount of money that you pay to the seller to signal so that he will hold the property for you. For your protection the money is paid into a trust and will form part of the down payment.

Down Payment – the portion of the funding that the buyer supplies for the purchase of the house. It represents the buyer’s equity in the home.

Home equity – the difference in the market value of your home and the amount that you own on it. It represents the part that you own.

Home Inspection Fee – The cost of having the property inspected by a professional to ensure that there are no structural or other faults.

Property Transfer Tax – when you buy property, you will pay tax when the property is transferred from the current owner to you

Mortgage default insurance – this is a requirement for Canadians who are unable to put at least 20% down payment on a property that they buy. The insurance covers the lender in case of defaults in payment.

Term – every mortgage has a set term. This is almost always shorter than the amortization period and will have to be renewed at the end of the term.

You have questions. We are here to help!



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Henry Wright

Was looking for a mortgage broker in Toronto. Heard about Leon and his team from a co worker and decided to give them a call. after some time on the phone talking about mortgages and what would work best for me I was VERY impressed. They were polite and most importantly they knew what they were talking about. We then scheduled an appointment and I got my mortgage with a great rate. Definitely recommend.

Gina Carroll

Got tired of sow service and mediocre rates from my bank, so I started looking for a mortgage broker. Had some family friends recommended Leon and his team, so decided to check them out. Was very impressed with Leon, he guided me through step by step, recommended a mortgage and I ended up switching to him. My rate is better and he always answers call and emails right away.

Wilton Marble

A little while back my wife and I finally decided to stop renting and get a place of our own. After some searching we found a condo we both liked and that was in our price range. The next step was a mortgage, but honestly, neither of us knew too much of what we were getting into. We found Leon and his team after a quick search on google and have had a wonderful experience. Leon and his team of mortgage brokers are VERY knowledgable, polite, work fast and just all around very professional. They answered all our questions and we got a great rate.

Afton Jaskolski

Getting a private mortgage was not easy to be honest, but at least with Mr. Leon it was doable. Thank you for your help!

Wendy Langdon

Going through with this company was my best decision. These Burlington mortgage brokers are real professionals. They helped me to save thousands of dollars, I'm not sure I'd find such a good offer myself.

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