Detached House – $500,000

Location: Hamilton, Ontario

Minimum Down Payment (5.00%) – $25,000 | Monthly Mortgage Payment – $2,270

BREAKDOWN

Home Price – $500,000

Minimum Down Payment – $25,000 (subtract from home price)

CMHC Insurance – $19,950

Total Mortgage Balance – $494,950

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Helping Canadians finance their dream homes | First-Time Buyers | Refinancing | Reverse Mortgages | Spousal Buyouts

Based in Ontario | Licensed Mortgage Agent #12806

Available Anytime | Access to Multiple Lenders

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Mortgage Tips for a First-Time Buyer or Newcomer

1. Understand Loan Options: Learn about different types of mortgages and what they mean.
2. Check Your Credit Score: A higher credit score can help you get better mortgage terms.
3. Get Pre-Approved: It strengthens your buying position and helps narrow your home search.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

MYTH: Your bank will give you the best mortgage rate.

FACT: Banks often offer higher rates than what’s available elsewhere because they count on customer loyalty and convenience. Mortgage brokers can access multiple lenders (banks, credit unions, trust companies, private lenders) and often secure better rates because they create competition. Even if you prefer your bank, getting quotes from brokers and other lenders gives you negotiating leverage.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

I’m Damilola Azeez.

An Ontario based mortgage specialist helping buyers make smarter decisions. Contact me today and let’s get you home-ready.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943

Bank of Canada decided to keep the Rates as is, with Prime Rates currently sitting at 4.45%.

Considering the current market, we still think there will be slight decreases in the coming future. Be proactive & plan ahead by contacting my team to discuss how we can save you some money.

damilola.azeez@cleartrust.ca | www.damilolaazeez.ca | +1-416-668-4943