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Kim Gibbons

Kim Gibbons

Mortgage Broker

LIC# 10428
Language(s): English
Specialties: Residential Mortgages, Commercial Mortgages, Alternative Lending, Reverse Mortgages

About

Broker

Thank you for your interest in Mortgage Intelligence!  As a Mortgage Agent with over 24 years of experience in financial services and expertise in mortgage lending, I have access to more than 50 lenders. I can help you find the best fit for your particular situation.

I work in partnership with each of my clients; your priorities and interests become my priorities and interests. I will ensure that you save time, money and more importantly you will have peace of mind that you received the best possible mortgage solution that meets your individual needs.  I can also assure you that I work hard at staying ahead of the competition to best represent you and your priorities.

Also, as a respected Accredited Mortgage Professional, I am dedicated to providing my clients with the highest standard of service. Moreover, providing my clients with a positive experience is vitally important and converting the mortgage “process” into a “relationship” is the most satisfying part of my work.  Maintaining a client base that consists of repeatedly satisfied borrowers with their friends and family members as referrals is also testament to my working in the best interest of my clients.   

Over the years, I have successfully assisted clients with:

  • Home purchases
  • Refinances for debt consolidation (ask me how I can help reduce your overall monthly payments)
  • Refinances for home renovation or investment
  • Mortgages for the self employed
  • Investment properties
  • Vacation or second home properties
  • Mortgages for those with past or present credit problems
  • Commercial mortgages

In addition, as my client you will receive regular updates regarding market conditions and other relevant information that will help you make those important homeowner decisions.

Based in Toronto, not only do I arrange Toronto mortgages but will help you in your specific geographical area. 

I believe in “paying it forward”, and therefore a percentage of my income that I receive from the lender from your mortgage will be donated to a registered Canadian charity.  Please ask me how a charity that holds meaning for you can benefit.

There is a secure application on this webpage, please see “Apply Now”, which can be used to complete your application. Once you have sent this I will receive it immediately and contact you shortly thereafter. If you have any questions prior to completing the application, please feel free to contact me either by phone or email from my contact information on this page.

I truly look forward to hearing from you and working as “Your Mortgage Superhero” to make your financial dreams a reality!

Please also tune into HGTV’s “The Big Flip”.  I will be featured in most episodes with the hosts Paul Peic and Kye Husbands.

 

7 reasons to use a Mortgage Broker over your Bank

Check it out

Reverse Mortgages

If you’re a homeowner over the age of 55 and want to tap into your home equity, a reverse mortgage can be the right solution for you. A reverse mortgage is also known as an “equity release”. With a reverse mortgage, you can access up to 55% of the equity in your home tax-free as a lump sum or monthly cash deposits. The maximum amount you are able to borrow will depend on your age, your home’s appraised value, and our lender. No mortgage payments are required and you maintain ownership of your home. Repayment of the loan and interest is only required once you move or sell the home. At the end of your loan term, you may have less equity in your home. If you don’t make any payments, which is fine, you may have a larger interest payment to make when the home is sold.

A lender will often ask you to consult a lawyer prior to giving you a reverse mortgage to ensure you understand the conditions of the mortgage. The lender can never force you to sell your home to repay the reverse mortgage. It is also important to note that all existing loans on the property, including a mortgage or a home equity line of credit must be paid off prior to getting the mortgage.

Whether you’re looking for a financial cushion to live comfortably, funds to cover monthly expenses, pay off debt, renovate or fund your children’s education, you can use the funds from a reverse mortgage in any way you want without restrictions! What’s more, is if the home goes up in value, it doesn’t affect the reverse mortgage, meaning that all equity gained is yours! Lastly, you can get out of a reverse mortgage at any time by paying off the loan and any interest accrued.

Have a discussion with your mortgage professional to find out if a reverse mortgage is the right solution for you.

Commercial Mortgages

Commercial Mortgages fall into their own class of financial products. As a result of this you will need to work with a broker who specializes specifically in commercial mortgages. They are different because there is no standard methodology that all lenders use to underwrite them so they require a lot more expertise to successfully put together.

Lenders typically underwrite each commercial mortgage transaction according to the merits of the proposal and the financial strength of the borrower. Once the lender is satisfied with the risk in funding the commercial mortgage or project, they will then decide on price.

Our commercial mortgage professionals arrange complex funding for client projects utilizing strong relationships across the entire commercial lending community. Our team of commercial mortgage brokers are experts when it come to commercial lending types and posses the knowledge and understanding of the niche each lender serves, loan types they prefer as well as what security, interest rates, fees and debt service coverage meet the criteria of those lenders. They will help you determine the right lender and mortgage for your investment.

We will ensure that your financial needs are matched with the right lender so you can get the highest possible rate of success for your investment. Commercial lending is very different from residential mortgages and are subject to a strict set of criteria. The participants in this market are chartered banks, credit unions, life insurance companies, mortgage investment companies, and non-institutional companies. Each have a unique portfolio structure, pricing matrix, and appetite for specific loan types and industries. It's important to seek the advice of a mortgage broker to ensure that your requirements are satisfied, and you get the mortgage that helps you reach your short term and long terms investment objectives. Contact us to get started and take your first step into making your project a reality.

Alternative Lending

With the ever-changing market and a stricter stress test, many Canadians are finding it harder to qualify for a mortgage through traditional financial institutions “A-Lenders” and are turning to alternative lending solutions for their mortgage. At Mortgage Intelligence we work with many alternative lenders, who can offer excellent mortgage options with more flexible criteria and more lenient qualification requirements.

Alternative lenders are great for individuals who have non-traditional forms of income for example, capital gains, room rental income, child tax benefits and others or for self employed applicants who may not have the minimum required number of years being self employed.

These lending solutions are also a good option for those with lower credit scores. While the rate they offer is slightly higher than what you will see posted by an A-Lender, they are nothing out of the ordinary when compared to traditional rates posted in Canada. They also generally have shorter terms, meaning that you can get into the home of your dreams while being able to rebuild your credit at the same time.

Buyers who don’t qualify under the mortgage stress test can also take advantage of the expanded debt service ratios allowed by alternative lenders to qualify for a mortgage and get into the home of their dreams. If you have a very unique situation, we also have access to various private lenders who are even more flexible and lenient in requirements and may be able to offer you mortgage options that fit your situation. In today’s environment, we’re seeing more private lenders helping Canadians with their mortgages.

Call your Mortgage Intelligence professional to find out about the different options available to you. They are experts when it comes to mortgage products and different solutions and will provide you with unbiased advice. They work for you, not the lender.

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Kim Gibbons

Kim Gibbons

Mortgage Broker

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