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

Understanding your Credit report and the impact of a foreclosure.

Understanding your credit report

Understanding your credit report

A credit report is a history of how consistently you pay your financial obligations.  It is created when you first borrow money or apply for credit and it’s built over time.

Looking at the Canadian Bankers Association’s report on mortgage delinquency, it shows that the national average of .25% of home-owners in Canada, are having difficulty paying their mortgage.   Although this seems like a small number, it is important to note that in this report ‘delinquency’ means being 3 months in arrears with their mortgage payments.  It is therefore important that we have a look at the implications of a foreclosure, bankruptcy, consumer proposal and credit counseling.

Foreclosure:  This ‘F-word’ represents a nightmare for both property owner and lender.  A mortgage foreclosure in Canada is a legal action the lender can take if someone who borrowed money via a mortgage stops paying it back.  Foreclosure lets the lender sell or take back that person’s house after obtaining a court’s permission.  It’s important to note that the property owner does not automatically lose their property if they make a late payment, or miss a mortgage payment.  Most lenders prefer not to foreclose if it’s not absolutely necessary.

The long-term effect on a client that goes through foreclosure, is permanent.  A record of the foreclosure is placed on each client’s credit report.  Unlike a bankruptcy or consumer proposal that are eventually removed, the foreclosure stays on their credit report for life!  If such a person wants to purchase a home in the future, a lender will more than likely require at least a 20% down payment.

Bankruptcy and Consumer Proposal:  Bankruptcy and consumer proposal are administered through a licensed insolvency trustee.  Typically, every creditor that you have debt with, will participate in the process.  This will include student loans and arrears with CRA.  The mortgage industry sees both these insolvency actions as the same thing.  It is important to get back into the credit game after you’ve gone through any of these.  Banks and other mortgage lenders want to see that you can work with small amounts of credit before giving you a mortgage of a few hundred thousand.

Once you’ve been discharged from either a bankruptcy or consumer proposal, obtaining a credit card should be your very first step.  Next, you need to advise both Canadian credit reporting agencies that you were discharged.  It will be a good idea to keep all your paperwork from this process for at least 10 years.

Credit Counseling:  Some people get into debt problems for reasons that are utterly beyond their control.  For most part, the cause of serious debt issues is simply that people aren’t given the right tools for smart money management.  Credit Counseling could be a viable option for those that are keeping up with their debt payments, but need help in making a household budget to get out of debt faster.  For those that have fallen behind on their debts and 1 or more have gone into collection status, credit counselling may not be the answer.  There are 2 distinct differences between working with a credit counselor and a licensed insolvency trustee.

  • Student loans and debts to Canada Revenue Agency cannot be addressed within Credit Counseling
  • If the Credit Counseling requires debt negotiations and/or payments arrangements, some of your creditors may decline to participate.  This leaves debts outside of the credit counseling arrangement that you must address on your own.

The bottom line is:  When unforeseen financial circumstances impact your ability to make regular mortgage payments, it’s important for you to take quick action.  With early intervention, cooperation and a well executed plan, you can work together with your mortgage professional to find a solution to your financial difficulties.

Original article:  www.dominionlending.ca/news