Read Our Reviews

Client First Mortgages is rated 4.76 out of 5.0 stars based on 42 review(s).

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Steve made it very easy and simple got a great rate for us highly recommend

- Derek Doucette

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Steve offers outstanding service! Covers all bases for very smooth transitions through the entire process. Thank you.

- Jamie Parkin

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Great guy great service

- William Carrie

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Excellent, professional, efficient. Impressive. Very thankful to have Steve organize the deal.

- Cheryl Harrington

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I was very impressed with the service I received with ClientFirst. I highly recommend them. Very professional and knowledgable.

- Susan arnold

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Very good

- Todd Wiebe

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Steve was extremely helpful, knowledgeable and prompt. He made the process and my options easy to understand and I would highly recommend him to anyone.

- Glen Fishbook

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Steve is fantastic, gets the job done with little fuss and he is clear in explaining the process and mortgage products

- Timothy McCutcheon

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Great service! Thanks Steve!

- Clive Ivins

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Thanks for the work and time you did Thanks again

- Ricky Vella

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Steve was very organized, informative, punctual, and reassuring especially with everything going on with the pandemic and not being able to meet people in person.

- Brodie Procyk

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Very professional, and well informed. I appreciated the advice and service. Steve kept me informed of the latest information and market advice, and quickly helped with my mortgage needs and future planning. I would definately recommend, and will use again Client First Mortgages.

- Susan Arnold

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Steve is very professional and made the mortgage process quick and easy!

- Kent Senko

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This was our first home purchase, Steve was very patient with us, not only explaining all the steps of the mortgage application process but also walking us through various scenerios and concerns.

- Robert Gora

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I would highly recommend Steve DSouza as an amazing mortgage broker. This was my first experience with using a mortgage broker and I must say that he was so on top of every part of the process, extremely professional, and got us an amazing result in a very timely manner, especially through this COVID-19 time in our lives. I highly recommend using Steve DSauza for your mortgaging needs.

- Lynn Anderson

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Steve made the mortgage process smooth and simple. As questions arose, communication was clear and helpful. As a first time a first time home buyer, the learning curve of finding an ideal mortgage resembled less of a mountain and more of a hill. Would recommend.

- Joel MacLean

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Hey there Steve. You made the process smooth and informative; you brought clarity when answering questions and it couldn't have been a better process. The place is great, and our transition into it has been easy! We will definitely recommend your services to friends and family.

- Joel M and Aaron M

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First Class

- Richard Brown

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Steve was very helpful from the beginning. He was knowledgeable and professional. Highly recommended!

- Alan Braun

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This was my first time using a Mortgage Advisor and I wasn't disappointed. Nathan was professional, helpful, knowledgeable, and so informative. I got a great rate on my mortgage. I would definitely recommend Nathan to my friends and family.

- Jennifer Baillie

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Very professional and got me a great rate!

- Pamela House

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great job

- Nelson Talbot

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Great to work with; knows his stuff.

- Scott Walters

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Had the privilege of working with Steve D'souza as my mortgage advisor. He went over and above for me and gave me all the information when it comes to the fine details of the mortgage and the best deal. Will definitely be recommending Steve to all my friends and family.

- William Lawless

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We’ve worked with Nathan Isherwood twice now and the process is easy for clients who might not be doing mortgage applications often and his explanations are clear and easily understood.

- Greg Basham

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We've worked with Nathan Isherwood twice now and the process is easy for clients who might not be doing mortgage applications often and his explanations are clear and easily understood.

- Greg Basham

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Steve was easy to work with! He made the process smooth and reduced the stress of financing. His communications were clear and timely. We would definitely use his services again.

- Lisa-Dawn Markle

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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I highly recommend Steve & Nathan at Client First Mortgages! I will continue to use personally and recommend to my friends and family for all their new mortgage and re-financing needs!!

- Chase Shymkiw

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Steve! Thank you so much for everything, the mortgage process was seamless and pleasant. Usually a stressful process but you made it so much better, Star and Nabi

- Setareh Doustdar-Haghighi

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Steve always makes himself available, even for the most simple of questions.

- David McKillop

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We recently purchased an investment property and had Steve help us out. He was able to get us qualified at a lower rate and for more money than the bank. He was a pleasure to work with.

- Brad Davis

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We had a really short contract period but Nathan was able to get us approved at a great rate and without any hassles. The whole process was smooth and stress free. Thanks.

- Bradley Davis

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Steve was so helpful, calm, and encouraging every step of the way - he made what could be a very stressful process as smooth and painless as could be. Thanks Steve!

- Natalie Jones

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We are very happy with our dealings with Nathan. He was able to set up things for us quickly and answered any questions or concerns we had.

- Constance Robson

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This is our second time using Steve as our mortgage broker. He goes above and beyond every time. Always answers questions we have no matter how big or small, and lets us know what is going on every step of the way! He’s amazing at his job and very knowledgeable!

- Jennifer Boyes

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No one better than Nathan

- Michelle Lycan

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Steve's caring and knowledge was essential.He is an asset to your company!

- Hooshang Jafarzadeh

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Excellent experience. We will highly recommend Steve.

- Christopher Rankin

Is your lender keeping money from you at mortgage renewal time?

 

For the first time since the early 1990’s the interest rates that banks base their fixed rate mortgage on, are higher than they were 5 years earlier.  In Canada – where four out of five mortgages are the 5-year fixed rate variety – most borrowers will now be facing higher mortgage rates at renewal time than they originally got.

Unless you’re at the tail end of a 25-year mortgage, you likely will not remember a time when your mortgage became more expensive as the time went on.  For some, it could mean serious financial pressure.  In a new survey carried out for a mortgage comparison site, 31% of mortgage holders said they could afford no more than a $100 increase to their monthly payments.  On a mortgage initially worth $400,000, it would take only a 0.6-percentage-point increase in rates to make that happen.

But the chances are good that your own lender will make things even worse at renewal time.  That’s because mortgage lenders tend to give higher rates to borrowers who are renewing, than to new customers, says the founder of RateSpy.com.

A great number of people don’t do any comparison shopping whatsoever and the banks take advantage of those people by offering higher rates at renewal.  That’s one of the ways lenders maximize profit.  There’s no reward for loyalty that you would expect, he says.

The new federally mandated mortgage ‘stress test’ complicates things.  Someone who changes lenders at renewal time, has to pass the test that is now mandatory on mortgages from federally regulated institutions like banks and credit unions.  But if you stick with your current lender, you don’t have to pass the test.  The stress test requires you to qualify at a rate that is two percentage points higher than the one you’re being offered, or the Bank of Canada’s posted rate (currently 5.34%), whichever is higher.

Many borrowers may be compelled to renew their mortgage with their current lender out of fear of having to re-qualify.  As many as 10 renewals could be rejected because of the stress test, they estimate.  If that happens, your odds of getting a good mortgage rate are practically nil, as no federally regulated bank or credit union can give you a mortgage.  You will have to move to alternative lenders that will almost certainly charge higher mortgage rates than banks.

So what do you do if you can’t afford a much larger mortgage payment?

Start by shopping around for better rates.  The suggestion is to start your shopping 120-days before renewal.

Switching lenders could help.  The major lenders typically offer a quarter percentage point discount on their usual mortgage rates to new customers.

Switch from a fixed rate to a variable rate.  If you have a fixed-rate mortgage, you can switch to a variable rate and save about a percentage point on interest.  While the discount lenders today are offering, rates at 3.69% or higher for a 5-year fixed rate mortgage, variable rate mortgages are available for as little as 2.95%.  Needless to say, there is risk involved because your mortgage rate will move in tandem with overall interest rates.  And as we are now in a rising interest rate environment, there’s a good chance that it will happen.

If your mortgage is up for renewal, don’t neglect to contact us to discuss your options, before signing with your existing lender.

Original article: www.huffingtonpost.ca