We will never sell or share your data with any third party. Only employees of JWM will contact you to see if we can help.
- Pre-qualifying ensures we respect your time. If there is a high probability (no guarantees) to solve your situation we’ll tell you right away. If we can’t help at least we’ve saved you some time.
- Our system compares your information vs the requirements of our top Lenders.
- Pre-qualified means your file will be prioritized ahead of any other client who has not been pre-qualified.
- Funds can be received faster when one is pre-qualified.
- It is critical that your total debt load is under 75% – 80% of your house value. To understand more about this analysis, contact us.
- After submission, one of our agents will contact you before 5pm today.
- Our agents will speak with you to learn more about your situation.
- We will request a few documents.
- When documents are received, we can provide a conditional mortgage approval in 24 hours.
- After issuing the conditional approval, the lender may ask other questions and requst more documents.
- Upon receipt of all documents you can receive funding in 48 hours.
Mortgage Refinancing
- What is a Refinance vs a Renewal?
- Why refinance?
- What are the best refinancing rates?
- When should you refinance?
- Can you afford a refinance?
- Risks to refinancing?
- How can a mortgage agent help?
What is a Refinance vs a Renewal?
- Renewals occur when your current term ends.
- …..you start a new 1 – 5 year term without increasing your balance.
- A Refinance occurs when you increase the mortgage balance.
- A renewal usually approves you automatically with no re-qualification.
- A refinance requires re-qualification.
Why Refinance?
- Debt consolidation (improved cashflow)
- Moving high interest debt to low interest mortgage (improved cashflow)
- Renovation costs
- Downpayment on a new property
- Large purchases (car, trip)
- Investment purchases
- Paying CRA taxes
Other articles: How to Stop a Power of Sale
Other articles: Debt Consolidation
Other articles: Private Lenders
Best Refinancing Rates
- The rate you can get depends on several factors:
- Debt to income ratio
- Credit score
- Property Location
- Loan to value
- Owner Occupied vs Rental property
- Type of income (salaried, self-employed…etc)
- The better these metrics are, the better your mortgage rate.
- Your mortgage agent can estimate your rate based on these factors.
- For definitions of terms, click here.
When should you refinance
- If no urgent changes to your situation, you should refinance at the end of your current term.
- Start the refinance process at least 3 months before the end of current term.
- Why refinance BEFORE your term ends?
- lock in lower rates before they rise.
- cashflow is declining and you might default on debt payments.
- high interest debt is larger than your lower interest mortgage.
- you lost your job and need new debt restructure to increase cashflow.
- an investment opportunity starts before your mortgage term ends.
- There is usually an administration fee for ending your current term early.
- Our mortgage agents can estimate costs
Can you Afford a Refinance
- Debt to Income ratio is an important metric Banks use to qualify you.
- Banks review total debt (not just mortgage) including credit cards, all loans, alimony…etc).
- Estimate what mortgage payment your monthly budget can handle
- Moving credit card debt into your mortgage can increase debt to income ratio and improve approveability
Other articles: How to Stop a Power of Sale
Other articles: Debt Consolidation
Other articles: Private Lenders
Risks to Refinancing
- Increasing the mortgage amount can prohibit access to other loans later on.
- If your house value decreases, this can prohibit you from refinancing later on.
- Multiple lenders checking your credit can lower your credit score.
- A mortgage agent can check your credit once and show to multiple lenders without doing multiple checks
How our Mortgage Agents can Help
- Find lowest rates for your financial profile
- Lower payments via Brokerage volume discounts
- Negotiate with banks for the best terms to preserve your cashflow
- Offer complementary solutions (line of credit, payment forgiveness, portability)
- Present multiple Lender offers from which you can choose
- Estimate your max loan, rate and payments
- Explain to banks non-traditional income
- Find lenders for rural locations
- Find lenders who work with lower income Borrowers or bruised credit applications
- Find private lenders to stop a Power of Sale
| Credit Cards | CRA Tax | Lines of Credit |
| Student Loans | Car Loans | Liens |
Definitions
- Debt to Income Ratio
- calculates your total monthly debt (loans, credit cards, alimony, etc)
- by your total monthly income
- below 44% = AAA banks
- 44% – 50% = AAA and/or Alternative Banks
- 50-60% = Alt or Private Lender
- Loan to Value
- Your total mortgage amount divided by the property value
- 50% – 75% = best rates
- 75 – 80% = slightly higher rates
- 80% = only Private lenders “may” go above 80% with very high fees
- Owner Occupied vs Rental Property
- Owner Occupied refers to the mortgage Borrower living in the mortgaged property
- Rental refers to a property in which only tenants live in property
Other articles: How to Stop a Power of Sale
Other articles: Debt Consolidation
Other articles: Private Lenders
Mortgage Refinancing Next Steps
- Here is how Mortgage Refinancing works:
First the Mortgage Agent will review the consolidation of your debts and calculate your potential cashflow increase. - We then calculate your home equity to understand how much can be accessed.
- We analyze your finances to determine how much equity you can use relative to your income.
- We work with our lenders to find the best solution to improve your financial health.
What does it cost to use a Mortgage Agent?
- Nothing if you use a AAA bank.
- JWM agents are paid through commission by the Lender with whom you authorize us to work.
- There may be Brokerage fees if you use Alt or Private lenders
- But – in most cases – if you are refinancing into a standard conventional mortgage, there is no extra payment required to the mortgage agent.
Other articles: How to Stop a Power of Sale
Other articles: Debt Consolidation
Other articles: Private Lenders
Our Solutions
Mortgage Rates
(assumes credit score >600)
| Term | Mortgage Rate |
| 2 year term | 4.14% |
| 3 year term | 4.09% |
| 4 year term | 4.09% |
| 5 year term | 4.14% |
| Variable Rates | 3.60% |
| 1 year term | Our Private Lenders offer short terms |
| credit score <600 | Our Lenders can help with bruised credit |
updated / Jun 8, 2026
Private Lenders
| AltaWest Capital | AW Capital |
| CMI Group | Firm Capital |
| Fisgard Mortgage | PHL Capital |
| Premhome | RiverRock |
| Sequence Capital | Tribecca Finance |
| VWR Capital | Gentai Capital |
And many many more……
Other articles: How to Stop a Power of Sale
Other articles: Debt Consolidation
Other articles: Private Lenders
Alternative Lenders
| CWB Optimum | Equitable |
| Hometrust | First National |
| B2B Bank | MCAN Financial |
| MCAP Financial | Haventree |
| RFA Mortgages | Effort Trust |
| Strive Capital | First Ontario |
And many many more……
