THE WILSON TEAM THE TOP 1% IN CANADA
We are The Wilson Team of Mortgage Professionals serving the needs of homeowners in Ottawa and surrounding areas. As part of Invis – one of Canada’s largest mortgage brokerage firms, we can assist with purchases for resale and hew home builders, self employed, renewals, refinances and home equity, investment properties, debt consolidation, rent-to-own, variable rate vs fixed rate, cash back, New to Canada and the list of products continues.
So why should you choose to use a mortgage broker? It’s simple. Mortgage brokers have the training and expertise to help you make an informed decision about your mortgage. And why The Wilson Team of Mortgage Professionals? Because we will work tirelessly on your behalf to get you the best mortgage product at the most competitive rate. We have access to a range of mortgage products from more than 30 respected lenders, and working together with you, we will carefully select the product that best meets your needs. And while we always work hard to negotiate the best possible rate for each situation, we also provide valuable advice that goes beyond rate and can potentially save you thousands of dollars over the life of your mortgage.
The Wilson Team of Mortgage Professionals has achieved outstanding success by putting their clients first. We’ve earned the confidence and trust of each of our clients and, our business has grown steadily from referrals and repeat business. Let us earn your confidence by providing you with a mortgage strategy that will help you achieve your financial and home ownership goals.
Purchase or refinance now before rules change in January
If you’re looking to buy and will have more than 20 percent down, or if you are considering refinancing, then you might want to do so before January 1, 2018. Why? On October 17, the Office of the Superintendent of Financial Institutions (OSFI) released new guidelines for residential mortgage underwriting at all federally regulated financial institutions. Beginning January 1, 2018, a new ‘stress test’ will be applied to all new conventional mortgages – and not just those mortgages that require mortgage insurance (downpayment or equity of less than 20%).
The so-called “stress test” is designed to protect homeowners should interest rates rise. Lenders will be obligated to qualify all new conventional mortgages at the greater of the Bank of Canada’s five-year benchmark rate (currently 4.89%) or the contracted rate plus 2%. So if your contract rate is 3.29%, you will be qualified at 5.29%.
Here’s what that might mean for you:
You want to buy a home with more than 20% down. Your payments will always be based on your contract rate so this new rule isn’t costing you more. However, the new rule might change how much mortgage you qualify for. If that’s the case, you may need to look at a less expensive home, save up for a larger downpayment, or reduce any other debt. Or we can take a look at a variable rate mortgage that lowers your qualifying rate (if the rate plus 2% is less than the benchmark 4.89%) and has the option to convert to a fixed mortgage.
You want to refinance to pay off debt or buy an investment property. Here too, your actual mortgage payment will not be affected. But the new rule could slow you down by making it more difficult to qualify for your refinance. You may need to wait and accumulate more equity, or look at a lower-rate variable mortgage. If that refinance is important to securing your own financial health, get in touch ASAP.
Your mortgage comes up for renewal next year. This more stringent qualifying requirement will not apply to mortgage renewals. If you go shopping for a better deal with a new lender, however, that will require that you re-qualify… and the new rule will kick in for you too. It still is very important that we review your options together.
What can you afford?
New mortgage qualifying for purchases with 20% down
|Household Income||Purchasing Power Today||Purchasing Power Jan 1, 2018|
For illustration purposes only. Based on 25 yr amortization, 20% down purchases, 5 yr term, qualifying rate 3.29% today and 5.29% January 2018. Does not include property taxes, heat or condo fees. OAC.
Get in touch now – you have the rest of 2017 to get in under the old rules. Going forward, I’m here to work with you early in the process to make sure you are fully prepared for your purchase or refinance. I also have access to non-federally regulated lenders that do not fall under this new guideline.
I’m always here to answer your questions, so feel free to call or email at any time!
The Invis Wilson Team Mortgage Experts have gone above and beyond to find the most suitable mortgage for my needs. Their incomparable rates, expertise, friendly and prompt service made it easy and hassle free to process my mortgage. Knowing that they could get the best rates and great service overall, I asked them to find me another mortgage for a subsequent home purchases.
- Faisal G,
Kelly and her team is awesome. My husband and I felt like we were their most important client. Kelly was very professional and prompt in responding to all our questions or concerns and provided us with sound, honest advice based on her expertise and knowledge. The process of renewing our mortgage with the Wilson Team was a positive experience because we were connected to all the right people and received the best mortgage rate. Thanks Kelly and Team!
- E R Mills,
As a nervous First Time Home Buyer Kelly put me at ease. From my first interaction with Kelly I knew I was in good hands. I started out by e-mailing her as with any first time buyer I had a million questions. Kelly answered all of them promptly with her usual positive, enthusiastic and energetic responses. I decided to call her one night around 630 as I wasn't understanding something. I assumed her office would be closed so I could leave a message. To my amazement she picked up, who works after 5? I wasn't aware that the number on her e-mail is her cell and that she is ALWAYS available to help. I apologized for interrupting her after work and she responded, " No problem at all, just cleaning up after dinner. What's on your mind?". This conversation lasted almost two and a half hours as she explained the home buying process and the differences between mortgages...etc.
Long story short, Kelly and the Wilson team made buying a home a very pleasurable and memorable experience for a first time home buyer. I would not hesitate to recommend them to anyone! Their exceptional Customer Service is second to none. Their honesty, hard work, dedication to my needs/interests and sound knowledge of the industry will keep people like me coming back. Not to mention..... they got me the best rate I could find!
Kelly, you and your team rock. Keep up the great work!
Adam & Ash
Kelly and the entire Wilson Team have gone above and beyond to find the most suitable mortgage for my needs. Their incomparable rates, expertise, friendly and prompt service made it easy and hassle free to process my mortgage. I would be more than happy to use Kelly excellent service again and will gladly refer my friends and family over to her.
- V Stephen,
We were referred to the Wilson Team by a friend when we were not happy with our current mortgage rates and the services offered. After the initial contact and the exchange of information, we promptly received much better offers, including a calculation showing us how we would benefit even by incurring penalties for ending our current mortgage. If you do engage with the Wilson Team you can expect prompt communication, a high level of professionalism, custom-tailored solution and equally important, an ongoing resource even after everything is said and done. We will absolutely be contacting the Wilson Team for any of our mortgage needs in the future.
We have worked with Kelly on purchasing 2 homes and renting another. We LOVE working with her. She's knowledgeable, honest, and hard working. Always available to answer questions with detailed explanations and with an appropriate sense of urgency. I wouldn't hesitate to recommend her.
Kelly worked with me to get my first mortgage approval last fall. Without her straight forward and honest approach, we may not have been as successful! I know she went the extra mile, and made me feel comfortable the whole time. I admired her tenacity and determination to get me the best rate.
I would recommend her on any level, but especially to any first time home buyer, for ease, extra care and patience. New homeowners are nervous wrecks!
Kelly and Kevin were both VERY patient with us and always answered our questions with kindness! :) They guided us through out the entire process with knowledge and wonderful encouragement. It is so nice to know that there are wonderful people "out there" that still care for others well being. We were very lucky to have you as our advisors!
I have nothing but great things to say about the Wilson Team. It's the second time I've dealt with them. My first mortgage was through Kelly which was easy and fast. She was proactive and concise.
Second time around we worked with Kevin Mayer. He is super professional and very patient and above all he can really break down the complicated terms and processes. It was an absolute amazing experience working with him. Kevin your great at your Job and we thank you for all your help. I know this time around things were much more complicated and you provided us with knowledge and a step by step guide. You exceeded my expectations and will definitely recommend the Wilson team to anyone looking for a mortgage. I would give you 10 Stars if I could. We are truly thankful for all your help. A+ to Kevin
Kevin from The Wilson Team made the process of getting our mortgage quick, easy, painless and a pleasurable experience! The service and advice provided to us was phenomenal and, above and beyond what we ever expected. When we first contacted you to inquire about a mortgage we had no idea what to expect, you guided us through the whole process and kept on top of things the whole way. We will strongly recommend The Wilson Team to family and friends in the future and, will definitely contact you if we ever need another mortgage. Thank you!
The Invis Wilson Team Mortgage Experts have gone above and beyond to find the most suitable mortgage for my needs. Their incomparable rates, expertise, friendly and prompt service made it easy and hassle free to process my mortgage. Knowing that they could get the best rates and great service overall, I asked them to find me another mortgage for a subsequent home purchase when I moved away from Ottawa.
Working with Kelly was great. I was looking for rental properties and she was able to recommend an up-and-coming company that buys entire rental projects, renovates the units and then sells rent-ready properties to investors. In the end, I got a rent-ready townhouse in my price range. Also, I now don’t have to worry about maintaining my rental or finding tenants as the company takes care of that for me. Her advice on rental properties was very beneficial as this was my first rental property. Any time I needed assistance or had questions, she replied right away. The deal got done quickly and efficiently. Thanks for the great contact and all your advice. Jason in Kanata
Kelly and Laurie Wilson simply provide exceptional service time and time again. Unlike other Mortgage Brokers that I have dealt with in the past who only want to deal with simple transactions for the quick closures, these super women will through perseverance facilitate their clients to get them what they desire.
They go above and beyond the call of duty to get the client into their home. If it wasn’t because of their diligence I would not be able to own 2 homes simultaneously. I would highly recommend these ladies as they are ready and willing to work hard for their clients’ needs.
Stuck with no where to turn the Wilson team came to our rescue! They were efficient, professional and relentless in finding me the best option. I can’t thank Kelly for her hard work in saving our house that we worked so hard to get. I can’t express enough gratitude to them for all the work they have done for me and my family. You won’t make the wrong decision choosing the Wilson Team!
Simply put, there's no one better! We've gone through 4 mortgages with Kelly Wilson and wouldn't consider going anywhere else. She was amazing in helping us through our very first mortgage so many years ago. When no other bank or broker would give us a chance, Kelly went way above and beyond in securing our first mortgage. She really went out on a limb for us. She made a daunting, stressful application, simple; and she does everything with good humour!
We have had a 10 year relationship with Laurie; if it was not for her we would not have been able to purchase our first home. Laurie made our first home buying experience easier then we could have ever imagined. She was able to answer all our questions and make us feel very comfortable, with the largest personal purchase one could make. We have done numerous deals since that first one and each one was better than the first. As Laurie made us feel comfortable and confident immediately with her knowledge, professionalism and responsiveness with respect to a rental property investment she was able to finance for us. I highly recommend Laurie and hope to have many more years of investing with her…
Kelly got me the best rate for my first mortgage approval 7 years ago. I was so impressed by her quality of work and her speed. She recently got me the best rate for my second mortgage. Her amazing network has helped me to get an amazing real estate agent who sold my condo in two days. She always takes an extra step to give the best to her clients.
Working with Kelly and Laurie Wilson at the Wilson Team is always a pleasure. I send all of our clients to them because they are informed and up to date with the ever changing market. And EVERY client is always so pleased with their service that they can't help but recommend the Wilson Team to their friends, family and neighbours!
Kelly and Laurie Wilson provide quick and reliable service. They treat each customer as though they are the highest priority. We have used them several times and have also recommended them to our friends. Not only do they provide amazing service to their clients, they are also actively involved with the community by supporting different charities and organizations.
Kelly made me feel comfortable and confident immediately with her knowledge, professionalism and responsiveness with respect to a rental property investment. I would definitely use her services again in the future as well as recommend her to friends and colleagues in need of a mortgage.......Andrew in Nepean.
I honestly can't say enough about this team. Any questions or concerns I had about the mortgage process or the financial conditions the buyer put on our house were answered immediately. Our sale was private (Grapevine) so I was expecting to have to do a lot of research and paperwork ourselves. But Kelly always made sure I didn't get stressed out about anything. It was such a relief to be able to sit back and feel COMPLETELY confident that they were handling everything. I've been going to the Wilson Team for my mortgages for almost 10 years now and every time I shop around in advance, but I always come back to them. Bottom line is they offer the lowest rates with the greatest customer service.
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