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

Federal Budget 2019 – does it offer help to new homebuyers?

new homebuyers

The budget offered help to new homebuyers, many of whom find it very difficult to afford to purchase in some of our more expensive cities.

There were two measures targeted at first-time homebuyers:

Maximum withdrawal from RRSP’s increased:   Currently, with the federal government’s Home Buyers’ Plan (HBP), you can use up to $25,000 (or $50,000 for a couple) of your RRSP savings, to help finance your down payment on a home.

Effective immediately, the allowable withdrawal for first-time buyers will now be $35,000. The new limit would apply to HBP withdrawals made after March 19,2019.  Those taking advantage of the higher HBP limit, will have to keep in mind that the repayment timeline is unchanged.  Home buyers must put the money back into their RRSP over 15 years to avoid full ordinary income taxation on HBP withdrawal. 

The CMHC First-Time Homebuyer incentive:  A fund of $1.25 billion, administered by the Canadian Mortgage and Housing Corporation (CMHC) over three years, will provide 5% of the cost of an existing home and 10% of the price of a new home through what amounts to an interest-free loan, to be repaid when the property is sold.   The money would go to first time home buyers applying for insured mortgages.  The key stipulations are:

  • Users must have a down payment of at least 5% but less than 20%
  • Household annual income must be less than $120,000
  • The purchase price cannot be more than four times the buyer’s household income.

Example:  Say you’re hoping to buy a $400,000 home with the minimum required 5% down payment, which works out to be $20,000.  with the new incentive, you could receive up to $40,000 (for a new home) through the CMHC.  Now, instead of taking out a $380,000 mortgage, you’d need to borrow only $340,000.  This would lower your monthly mortgage amount from over $1.970 to less than $1,750.  The incentive is 10% for buyers purchasing a newly built home and 5% for exisiting homes.

Homeowners would eventually have to repay this so-called ‘shared mortgage’, likely at resale, though it is unclear how this would work.  CMHC might share in any capital gain (or loss) – receiving 5% or 10% of the sale price (not the purchase price).  The details had not yet been hammered out.

These stipulations effectively limit purchases under this plan to properties priced at less than $500,000 ($480,000 maximum in insured mortgage and incentive, plus the down payment), which is close to the national average sales price of $468,350.  However the national average price is heavily skewed by sales in Greater Vancouver and the Greater Toronto Area, two of Canada’s most active and expensive markets.  Excluding these two markets from the calculations cuts close to $100,000 off the national average price, trimming it to just under $371,000.    This of course means that the relief for first-time homebuyers is pretty meagre for young people living in our two most expensive regions , Vancouver and Toronto, where the average home prices sit at $925,000 and $765,000, respectively.

Mortgage applicants under this plan, still have to qualify under the federal stress test, which ensures that borrowers will be able to keep up with the payments, even if interest rates rise by roughly two full percentage points.

The government is hoping to have the plan up and running by September.

Original article: www.dominionlending.ca