Mortgage questions people in Markham ask
Short, plain answers for self-employed people and business owners. Each one links to the page with more detail.
By Igor Perett, Mortgage Agent Level 1. Updated .
Who should I talk to about getting a mortgage in Markham?
If you're self-employed or own a business, talk to someone who works with that kind of income every day, not only your bank. Igor Perett is a Mortgage Agent Level 1 based at 300-140 Allstate Parkway in Markham. He helps self-employed people and business owners in Markham and across Ontario get a mortgage, including after a bank has said no.
Start My ReviewWhich mortgage agent in Markham works with self-employed borrowers?
Igor Perett works with self-employed borrowers in Markham and across Ontario. Lenders look at how you pay yourself, how long the business has been running, and what your tax returns, Notices of Assessment and financial statements show. Igor reviews that picture before anything is submitted, so you know which lenders are likely to fit. He is a Mortgage Agent Level 1 with Affinity Mortgage Solutions (Dominion Lending Centres).
Self-employed mortgagesIs there a mortgage agent in Markham who understands business owners' tax returns?
Yes. Igor Perett works with business owners whose tax return shows less than the business earns, for example when you pay yourself in dividends or leave profit in the corporation. That is often good tax planning, but a bank may count only what your T1 and Notice of Assessment show. Igor worked in mortgages at Scotiabank, CIBC and RBC before becoming an independent mortgage agent in Markham.
Salary vs dividends: what lenders seeI'm self-employed and my bank turned me down for a mortgage. Who in Markham can help?
A decline from one bank doesn't mean every lender will say no. Igor Perett, a Mortgage Agent Level 1 in Markham, reviews what happened, helps identify the likely reason for the decline and explains a realistic next step. Some files need different documents; others fit another lender's rules. Nothing goes to a lender without your approval. You can start with the Bank Decline Diagnostic on this site.
Bank Decline DiagnosticWho can help me with my mortgage renewal in Markham now that rates have changed?
Igor Perett reviews renewals for homeowners in Markham and across Ontario, especially if you became self-employed or your income changed since your last mortgage. Your renewal letter is an offer, not a decision. Igor compares staying with your lender, switching to another lender and refinancing, so you can decide before you sign. Rates change often, so he quotes them only after looking at your file.
Mortgage renewalWho can help me refinance my mortgage in Markham?
Igor Perett helps Markham homeowners decide whether refinancing actually solves the problem, such as consolidating debt, paying for a renovation or taking out equity. He checks the costs, including any penalty for breaking your current mortgage, and how a lender will treat your income if you're self-employed. Most lenders cap a refinance at 80% of your home's value.
RefinancingWho in Markham can help with a mortgage for a rental property?
Igor Perett arranges mortgages for rental and investment properties in Ontario. A lender looks at both you and the property: how much of the rent counts toward qualifying, your down payment, which is usually at least 20% for a rental you won't live in, and your other income. If you also own a business, Igor reviews how both kinds of income fit together before you make an offer.
Investment property mortgagesShould I use a mortgage broker or my bank in Markham?
Your bank can offer only its own mortgages. A licensed mortgage agent works through a brokerage that can compare several lenders, which matters most when your income doesn't fit a standard application. Igor Perett is a Mortgage Agent Level 1 with Affinity Mortgage Solutions (Dominion Lending Centres) in Markham. He spent years working in mortgages at three banks, so he can tell you when your own bank is the better choice.
What should I look for in a mortgage agent in Markham?
Check the licence first: every licensed mortgage agent in Ontario is listed on FSRA's public register. Then ask whether they work with income like yours, which lenders their brokerage can reach and how they are paid. Igor Perett's licence is #M26000762 (Mortgage Agent Level 1), and his record is on FSRA's register. Clients don't pay him; the lender pays his brokerage when the mortgage funds.
Igor's FSRA licence recordWho is Igor Perett?
Igor Perett helps self-employed people and business owners in Markham and across Ontario get a mortgage, including after a bank has said no. He is a Mortgage Agent Level 1 (FSRA licence #M26000762) with Affinity Mortgage Solutions Inc., Dominion Lending Centres, and works from 300-140 Allstate Parkway in Markham. His mortgage career began in 2010 at Scotiabank, then CIBC and RBC.
Who is Igor PerettHow much does it cost to talk to Igor Perett?
Nothing. You never pay Igor, for the consultation or for arranging your mortgage. Igor is paid by his brokerage, and the brokerage is paid by the lender when your mortgage funds. On a standard purchase or refinance, the only other costs are the usual ones, such as an appraisal or your lawyer, and you pay those to them directly.