2024 Canada Housing Budget: Explore Beneficial New Policies Affecting You
2024 Canada Housing Budget: A Closer Look at New Policies and their Impact
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Please locate the following documents in support of your mortgage application, and have them on hand:
Exceptional Mortgage Broker - Maurice Kwok is a Star!I cannot express enough gratitude for the outstanding service we've received from Maurice Kwok at Sherwood Mortgage Group. Having worked with Maurice on three separate occasions to secure mortgages, I am consistently impressed with his unwavering commitment to securing the lowest interest rates for his clients.Maurice is not just a mortgage broker; he is a true professional who goes above and beyond to ensure a smooth and stress-free process. His responsiveness is unparalleled; he promptly addresses any concerns and keeps you informed every step of the way.What truly sets Maurice apart is his thoroughness and patience. He takes the time to explain every detail, making sure his clients fully understand their options. His dedication to ensuring we make informed decisions shows his genuine concern for the well-being of his clients.It's evident that Maurice always has the client's best interest at heart. His honesty, integrity, and commitment to excellence have made him our go-to mortgage expert. I wholeheartedly recommend Maurice Kwok to anyone in need of a mortgage broker who not only gets the job done but also prioritizes your financial well-being.Thank you, Maurice, for your exceptional service and for making the mortgage process a positive and rewarding experience each time. We are grateful to have you in our corner!
We were introduced to Maurice in Toronto in 2019, and he remained in touch, which made him our first option when we actively commenced our home search in Guelph in 2022. Maurice provided outstanding professional service and went above and beyond to provide hand holding and sound advice throughout the entire process. He kept actively engaged from start to closure, coordinating and pressing any and all relevant parties, to ensure that the deal closed successfully within timelines and budget. Maurice was super responsive, always replying promptly to our very many questions and concerns, through email, phone, zoom, whatever medium was required for us to communicate and discuss issues effectively. We came to rely on his always well reasoned answers, recommendations and/or suggested options. I highly recommend Maurice to anyone looking for a reliable broker who is also easy to work with, and if the need arises, I will certainly work with him again.
Our experience with Maurice for the past 10 years had been great. He is hands on and will work day and night to find you a good deal. Extremely supportive, helpful and accommodating!
For a first-time home buyer like me, getting the best lender was one of the many challenges, but because of Maurice’s professional expertise, he made it easy for us. The entire process was explained clearly, and all our questions were answered very well. Whether you are like us or already have a mortgage, we highly recommend Maurice. Your 15-30 minutes time with him can mean a lot of savings to you and your family.
Maurice is very knowledgeable, thorough with his work, explains everything patiently, surpassed our expectations as a professional broker these 11 years we have known him. First time home buyer or refinancing your home, we highly recommend Maurice with our complete trust!
First time using a mortgage broker and Maurice was great. He was very responsive and would reply on evenings and weekends as well to make sure everything was on track and that I was kept updated. We were working with a tight closing date, and he would constantly follow up with all the parties (underwriter/bank/lawyer) to make sure everything completed on time.
Your professionalism in what you do exceeds my expectation. Thank you so much for your patience but mostly for making this transaction happened considering the complicated factors involved.
Maurice made the process of buying our first home straight forward. Maurice is extremely knowledgeable and will inform you of any potential obstacles and how to fix them. Maurice is extremely responsive and available at all times. After our application was completed and we thought everything over, Maurice convinced our lender to give us a current promotion we didn't expect to receive. Maurice will work for you and get the best possible outcome for you. This is why I am highly recommending him.
Maurice is a hard working man who also took the time to explain the semi complex assignment process while securing my mortgage approval. thank you!
Highly recommended!!! This is the third mortgage I worked with Maurice. He understood the needs of a real estate investor and knows what is needed to get approved. Thank you Maurice!
I worked with Maurice when I got rejected from the bank. He helped me throughout the process and made it work. He is dedicated and very detail oriented. I love how he follows up to make sure everything is in order. I will definitely work with him for my future Mortgage needs.
My husband and I were 100% satisfied doing business with Mr. Maurice Kwok and his staff. Everything went extremely smoothly with our transactions over the years. We never had to look anywhere else for a mortgage. We would highly recommend Sherwood Mortgage if you are looking to get a mortgage and want true professional help.
Maurice is so knowledgeable and dependable . He has been my broker ever since.
Maurice is one of the best mortgage brokers! He is honest and diligent at all times producing the highest of excellence as a mortgage broker!There were complications with our situation and Maurice gave us every option possible for our needs ensuring us with peace of mind that he would find a solution! He is client centred focused and he treated us as if we were family! Thank you Maurice!
Maurice Kwok is the finest mortgage broker that I have ever had the pleasure of working with. I have been a client of Maurice for over twenty years now. This is now the third house mortgage that I need his help.Nowadays, buying for a home is problematic, finding a reliable and ethical mortgage broker is even more so. Thankfully, throughout my mortgage searching process, Maurice has truly performed above and beyond my expectations.Not only is he professional, efficient, and prompt, he is also a wealth of knowledge, with a high industry reputation. I can always count on him to respond to my inquiries and requests in a timely manner.But above all else, he is patient. Despite all my worries, inquiries, and endless inputs, Maurice never failed to look into every one of my concerns and deal with them with integrity – even if it often caused more trouble for him.I truly cannot recommend Maurice highly enough. If you are looking for a mortgage broker who is professional, prompt, patient, and infinitely knowledgeable, look no further than Maurice Kwok.
Top notch, professional service, second to none! My wife and I are so glad it was Maurice who handled us. Satisfaction guaranteed. With his vast array of contacts and experience in the business, he will deliver, and you can take that to the bank!
Maurice helped us with a difficult situation where my husband had just gone from being an employee to a contract work arrangement. Although we had great credit, the bank would not work with us. Maurice offered many options, and we bought our Toronto condo with little hassle. Thank you, Maurice!
As someone who has had the pleasure of doing business with Maurice Kwok three times in the past 15 years, I can confidently attest to his exceptional expertise as a mortgage broker. Maurice's unwavering commitment to finding the right deals that match our affordability, even during challenging economic times, has provided my family with peace of mind. His genuine care for people, combined with his professionalism and empathy, sets him apart as a trusted advisor and advocate for financial success. I highly recommend Maurice Kwok for all your mortgage needs, as he has consistently exceeded our expectations and proven himself as a true expert in his field.
Had an excellent experience with Maurice Kwok. He is very diligent and knowledgable and promptly responded to all questions and concerns! Maurice has the customers best interest at heart and it shows through his work! Would highly recommend Maurice to anyone looking for a Mortgage Broker!
My husband and I had a very excellent experience with Maurice Kwok. Maurice, together with our very close friend Linda S, who introduced Maurice to us, helped our daughter and our son-in-law in their purchase of their first home. Their financial situation is far from ideal especially as first time home buyers. Despite all the hurdles, Maurice made it possible for both of them and their three children to be the humble but proud owners of their new home. Maurice cared a lot and exhausted his resources, knowledge and experience to make it possible for them. The emotional and spiritual roller-coaster ride of the process was not easy but with Maurice’s tenacity, it was a rewarding reality. Thank you Maurice! Keep up the good work! Many more first time and repeat home buyers need you. God bless!
Maurice is very experienced and able to make favourable recommendations to assist our mortgage approval process up until closing, very reliable and responsive when we have questions to ask and he will spend every effort explaining to make sure our concern is addressed, more importantly he is a very good hearted person! We are extremely satisfied with his service and highly recommend to anyone looking for a mortgage agent whom will coach you every step of the way.
Maurice is very hands on and knowledgeable. Very keen with all the details and he responded to our messages promptly.My husband and I were with another broker before him and we can see a huge difference on how we were treated. We are impressed with the effort he has shown in finding us the best lender suited to us as we both are newcomers. He got us approved for a higher mortgage at an ideal interest rate! We are also very pleased that he was able explain everything to us thoroughly. We highly recommend him!
Maurice made the process of buying our first home straight forward. Maurice is extremely knowledgeable and will inform you of any potential obstacles and how to fix them. Maurice is extremely responsive and available at all times. After our application was completed and we thought everything over, Maurice convinced our lender to give us a current promotion we didn't expect to receive. Maurice will work for you and get the best possible outcome for you. This is why I am highly recommending him.
First time using a mortgage broker and Maurice was great. He was very responsive and would reply on evenings and weekends as well to make sure everything was on track and that I was kept updated. We were working with a tight closing date and he would constantly follow-up with all the parties (underwriter/bank/lawyer) to make sure everything completed on time.
have worked with Maurice for more than 16 years, and he is a great leader and a big help for people who're looking to get the best of the best on the market related to financial, mortgage needs. Maurice is an excellent networker and is always up to date on the latest trends and technology ,so he stays ahead of the competition. Maurice is very responsive to my needs and is very knowledgeable about the mortgage industry and he has always been an excellent mentor looking to help his people grow. Maurice is very creative and an exceptional marketer, coming up with new and inventive ideas to sell even in the toughest of markets. I'm happy to know him, and he will be always the one, I or my family, will contact when I will need a new mortgage, loan.
We have utilized the services of Maurice for 3 homes so far. We are always impressed at his level of effort, responsiveness and attention to detail. He really goes above and beyond to meet the needs of his clients. Through his online presence and functionality, his turnaround time is really fast. We highly recommend Maurice for all your mortgage needs as he is fast, efficient, knowledgeable and friendly.
We met Maurice 20 years ago when we bought our 1st home and we recently needed his advice again. He is very knowledgeable with all types of finance and mortgage options available in the market. With his strong business and financial background, he recommended the best mortgage options according to our situation and needs. Maurice is a trustworthy professional that we really enjoy working with.
For a first-time home buyer like me, getting the best lender was one of the many challenges, but because of Maurice’s professional expertise, he made it easy for us. The entire process was explained clearly and all our questions were answered very well. Whether you are like us or already have a mortgage, we highly recommend Maurice. Your 15-30 minutes time with him can mean a lot of savings to you and your family.
Maurice is very knowledgeable, thorough with his work, explains everything patiently, surpassed our expectations as a professional broker this 11 years we have known him. First time home buyer or refinancing your home, we highly recommend Maurice with our complete trust!
Tita Linda Sazon (realtor) and Maurice from Sherwood group helped me and my wife secure our first home mortgage with top notch professional care and personal attention to all the details of the process. I would not hesitate for moment in recommending this team to make your dreams of owning a home a reality. Even after renewal of my mortgage I still keep in touch to always let them know of how forever grateful my wife and I are of the service they gave us. A class above all else!
I had the pleasure of working with Maurice Kwok through my house purchasing process. Maurice exceeded my expectations by diligently preparing documents day and night. He was immensely helpful and very responsive. He made sure the whole process went from start to the end. I have no doubts that Maurice will always be an amazing choice for his future clients!
Maurice Kwok is very professional and knowledgeable when helping us secure our refinance and mortgage. This broker went through a lot of effort in dealing with the banks and explained to us in clear terms of what we needed for the banks. My mom and I are very blessed to have hired him. Highly recommend this guy!! cheers.
Look no further for an insurance broker, Maurice is the best broker we have had. He is very professional and efficient. Compared to previous brokers we had he was able to give us the best quote both in rate and mortgage amount. He is extremely knowledgeable and replies to us even after office hours. Highly recommend him to anyone who is looking for mortgage!
Maurice is very experienced and able to make favourable recommendations to assist our mortgage approval. A very reliable and responsive and pro person!
I have referred my clients to Maurice for over 20 years because Maurice always delivers. He is the best in the industry — knowledgeable, resourceful, creative, hard working, an absolute miracle worker. All these plus integrity!
Maurice has arranged my son's mortgage in March 2019 (for my son's first time buying home). I have nothing but the highest regards about Maurice's service! In particular, these are the key points why I highly recommend to anyone who is looking for a mortgage with a competitive rate. First, his transparency and integrity throughout the process. Second, his expertise about the subject, i.e. he very well knew how to guide my son from A to Z, culminating securing of the mortgage. Third, his bargaining skills, i.e. he bargained for an appealing interest rate for our mortgage. Fourth, I found he is a person who walks the talk. Lastly, his maturity - I found him to be a matured mortgage adviser who possess immense coaching skills who could very well guide millennial sons like my son. I highly recommend him for anyone seeking a perfect, honest and competitive mortgage done! Thanks. Teles Neil Ferando, Etobicoke
I worked with Maurice when I got rejected from the bank. he helped me through out the process and made it work. He is dedicated and very detail oriented. I love how he follows up to make sure everything is in order. I will definitely work with him for my future Mortgage needs.
Maurice helped us with a difficult situation where my husband had just gone from being an employee to a contract work arrangement. Although we had great credit, the bank would not work with us. Maurice offered many options and we bought our Toronto condo will little hassle. Thank you Maurice!
Maurice has been a specialist in the mortgage financial markets for almost 20 years. He always listens to your needs and tailors the most suitable mortgage plans to meet your financial affairs in a professional manner. I highly recommend Maurice.
I know Maurice Kwok over 30 years when we worked for an Australia construction company in Hong Kong.Maurice is a qualified professional accountant in Canada and U.K., and has been a Mortgage Broker/Specialist in Toronto for over 22 years. He demonstrates his solid financial knowledge and skills, with passion, politeness, attentive attitude, his trustworthiness and integrity in helping his clients to obtain the best mortgage solutions under their special circumstances.
Our experience with Maurice for the past 10 years had been great. He is hands on and will work day and night to find you a good deal. Extremely supportive, helpful and accommodating.
An incredible amount of financing knowledge with a friendly, helpful personality and an incredible work ethic. You'll be happy you called Maurice for your mortgage needs and questions.
Highly recommended !!! This is the third mortgage I worked with Maurice. He understood the needs of a real estate investor, and knows what is need to get approved. Thank you Maurice!
Maurice gave me very informative and honest advice with regards to my mortgage rate renewal process. He will look out for your best financial interests.
Maurice always performs his works in a highly efficient and professional manner and is highly regarded by his clients for his knowledge and devotion to client services. Maurice is always a person you can trust with your financial affairs.
Maurice goes to great lengths to ensure all your needs are met. His responses are prompt and very insightful for my situation!
Maurice is a hard working man who also took the time to explain the semi complex assignment process while securing my mortgage approval. thank you!
Professional, honest and knowledgeable about the GTA housing market and financing options. Hassle-free application and quick approval. Highly recommended Maurice!
Maurice is your man if you are looking for the best mortgage available and great customer service.
Professional and honest. Maurice is my first choice!
Discover your borrowing potential—utilize Payment Calculator Ontario & My Mortgage App to estimate monthly payments.
Read MoreExploring the First Time Home Buyer Incentive with the GTA's Mortgage Broker
Read MoreDiscuss your needs, constraints, and objectives. We'll keep you updated at each stage.
We scour the market to identify the optimal solution for your unique financial needs.
Enjoy a seamless online application process that's both quick and secure.
2024 Canada Housing Budget: A Closer Look at New Policies and their Impact
Understandably, starting the homebuying journey can be overwhelming and stressful. But with a
Prime Lenders:
For high-ratio mortgages, your Gross Debts Service (GDS) ratio needs to be within 39.0% and Total Debts Service (TDS) ratio within 44.0%. Your credit score should be over 680.
Alternate Lenders:
For conventional (20% or more down payment) mortgages, alternate (or called “B”) lenders offer more flexibility. Please let us guide you.
For Purchase
1. Good credit score (650 to 680+) for prime lenders.
2. Proof of down payment with a 90-day history.
3.Gross Debts Service (GDS) ratio within 39%, and Total Debts Service (TDS) ratio within 44.0%.
For Refinance or Switching Lenders
1. Some flexibility if dealing with credit unions, which could have no Stress Test.
2. Even more flexibility if dealing with alternate “B” lenders.
The key is to get you approved!
Talk with us, your Toronto Mortgage Broker!
Prime Lenders:
Purchase – 680 and above
Refinance – 650 and above
Switch – 650 and above
Alternate Lenders:
Can be a much lower credit score
Fixed Rate Mortgage:
Pros – Lock in the mortgage rate and monthly mortgage payments; no negative surprises.
Cons – Beware of a large penalty in breaking the mortgage; lacks flexibility.
Variable Rate Mortgage:
Pros – Good for self-employed homebuyers, you can cancel the mortgage anytime with limited penalty.
Cons – Not the best product in a high inflation with rising interest rates; significant increase in the monthly mortgage payment.
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