Tyler Salmon's Mortgage Services | North York, Ontario

Mortgage Solutions to Meet Your Unique Needs

Tyler Salmon is more than just a mortgage broker. I’m your partners in making homeownership a reality. With a deep understanding of the Ontario and Alberta market and a commitment to personalized service, we’re here to find the right mortgage solution for you.

Home Purchase Loans

Offering a variety of options for purchasing a home including conventional, insured, and first-time home buyer programs. These options are designed to support different borrower needs and financial situations.

Refinancing Solutions

Provides options to refinance existing mortgages, helping homeowners adjust their interest rates and terms or
access equity through cash-out refinancing.

Self-Employed Programs

Designed for self-employed
individuals, offering flexible income verification alternatives.

Alternative and Private Lender Programs

Offering mortgage options for borrowers with non-traditional income sources, borrowers with credit challenges, or those previously declined by their bank ensuring broader accessibility to home financing.

Mortgage Renewal

Have a mortgage renewal approaching? Review your options to ensure you obtain the best mortgage rate and term available at the time of your mortgage renewal.

Loan Programs for Investors

Catering specifically to real estate investors, these programs offer financing solutions for investment properties, including rental and resale ventures.

Home Purchase

Offering a variety of mortgage options for purchasing a home including conventional, insured, and first-time home buyer programs. These options are designed to support different borrower needs and financial situations.

Conventional Loans

Ideal for borrowers with strong credit scores, offering competitive interest rates and flexible terms. They require a minimum of 20% down payment compared to insured mortgage options.

Insured Mortgages

Designed for borrowers with strong credit scores, solid income and less then 20% down payment. These mortgages are insured in order to protect the lender.

New To Canada

Supporting individuals who have immigrated or relocated to Canada within the last 5 years. Programs designed for immigrants who have PR and Work Permits.

Purchase Plus Improvements

This type of mortgage allows buyers to roll the cost of home renovations into their mortgage, providing funds for both their home purchase and renovation.

Pre-Construction

Ideal for clients looking for financing for their pre-construction properties.

Rent To Own

Designed for clients who are currently in a rent-to-own contract. These mortgages are designed to ensure that the transition is smooth.

First-Time Home Buyer Programs

Enables qualified borrowers to become first-time homeowners with as little as 5% down payment. These borrowers also have access to land transfer rebates and First Home Savings Account / Home Buyers Plan (RRSP) benefits.

Refinancing Solutions

Provides options to refinance existing mortgages, helping homeowners adjust their interest rates and terms or access equity through cash-out refinancing.

Equity Take-Out

Homeowners can refinance their mortgage for more than they owe and take the difference in cash, useful for investing, consolidating debt or home renovations.

Home Equity Line of Credit (HELOC)

Allows homeowners to obtain access to their property’s equity through a Line of Credit secured against their home.

Debt Consolidation

Homeowners can utilize their equity by consolidating their high interest debt into one manageable payment. Ideal for clients looking to increase their monthly cash flow and lower the interest on their existing credit products.

Refinance

Allows homeowners to adjust their interest rate and loan term, potentially lowering their monthly payments or increasing the loan amortization.

Power Of Sale Rescue

Allows homeowners to rescue their property from a Power of Sale / Foreclosure.

Reverse Mortgage

Provides homeowners aged 55+ the ability to access their properties equity without having to make monthly mortgage payments. This option is great for homeowners looking to provide a down payment gift to a family member, consolidate debt, or obtain additional income during retirement.

Estate Mortgage

Allows beneficiaries / executors to access equity within an Estate via a mortgage. We support those who are currently in the process of grieving and dealing with an Estate.

Spousal Buy-Out / Marital Breakdown

Designed to support homeowners going through a marital breakdown / separation

2nd / 3rd Mortgage

Homeowners are able to access their equity without having to break / refinance their existing mortgage. Ideal for homeowners looking to use their equity for investments, to consolidate debt or to complete renovations.

Self-Employed Programs

Designed for self-employed individuals, offering flexible income verification alternatives.

Bank Statement Mortgage

These mortgages use business bank statements for income verification, offering a flexible alternative to traditional income documents.

Corporate Financial Statements

Tailored for self-employed professionals outside standard criteria. This program uses corporate financial statements for qualification, providing a viable solution for diverse financial profiles.

Business For Self Less Than 2 Years

Provides mortgages for self-employed borrowers who have recently started their businesses.

Loan Programs for Investors

Catering specifically to real estate investors, these programs offer financing solutions for investment properties, including rental and resale ventures.

Investment Property Loans

Tailored for real estate investors, these loans cater to the purchase of properties intended for rental or resale.

DSCR (Debt Service Coverage Ratio)

The DSCR Investor Loan is ideal for real estate investors, emphasizing property income over personal income. It suits those with income-generating properties, facilitating portfolio expansion.

Mortgages Within A Holding Company

Provides savvy investors the opportunity to obtain a mortgage in a holding company. Ideal for those looking to not have multiple mortgages in their personal name / credit report. Helping to increase the real estate portfolio of borrowers.

Mortgage Renewal

Have a mortgage renewal approaching? Review your options to ensure you obtain the best mortgage rate and term available at the time of your mortgage renewal.

Mortgage Switch

Involves moving your current mortgage from one lender to another in order to lower your interest rate and increase your monthly cash flow. Ideal for clients with mortgages coming up for renewal.

Reverse Mortgage Switch

Provides borrowers with an existing reverse mortgage an opportunity to lower their reverse mortgage rate and receive cash back.

Alternative (B Lending) and Private Mortgages

Offering mortgage options for borrowers with non-traditional income sources, borrowers with credit challenges, or those previously declined by their bank ensuring broader accessibility to home financing.

Credit Challenges

Provides mortgage options for those with less-than-perfect credit histories (Consumer Proposal / Bankruptcy), helping clients achieve homeownership or restructure their debt.

Mortgage / Tax Arrears

Designed for borrowers to help them pay back outstanding arrears and get back on track financially. Mortgage, Property Tax, Personal and Business Tax arrears are the most common.

Low / No Income

Designed to help support borrowers who have lost their job or have minimal income. Typically a pre-payment can be set up to give clients time to better their financial situation.

Equity Lending

Ideal for borrowers who have been denied by their bank and are looking for a short term financial solution. These mortgages do not take income / credit into consideration, instead lending based on a borrower’s property / equity.

Non-Traditional Income Sources

Designed for individuals with non-traditional income sources, offering flexible income verification processes.

Estimate Your Monthly Payments

Understanding your potential mortgage payments is a crucial step in the home-buying process. Our easy-to-use Mortgage Calculator helps you estimate your monthly payments, so you can plan your finances with confidence. Simply enter your loan details and let our calculator do the rest.