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TMG The Mortgage Group (Ontario) Inc.
We will look at mortgages for things that others wouldn't consider.
I'll sweat the details so you don't have to.
Along with residential loans, Mitch Speigel and Kora Mortgages specialize in loans that the banks won’t do. Commercial financing is his background and specialty. His interest in reverse mortgages came with his gray hair and his own need to re-think his home financing. “The concept of reverse mortgages caught my attention and the more I researched, the better I liked a reverse mortgage option for myself and to suggest to other homeowners over 55 who also hold equity in their homes.” So, whether you're looking to expand your horizons, purchase a home, buy new equipment, or access financing for a special project, we can help you move forward. Our team of licensed finance specialists can show you how. You’re not limited to the “off-the-shelf” financing offers you find online. There are customized solutions out there that can adapt to your lifestyle, your needs, and your comfort level. Only a mortgage broker knows how to efficiently craft these financial opportunities and that is what we do here at KORA Management. Get in touch with us today to learn more about how we can help you with your financial goals.
  • Expertise
    I will provide you independent expert advice on your financial options. I am not tied to a specific lender or product so I can offer you mortgage choices that will best match your specific needs.
  • Save you time with one-stop shopping
    Instead of spending your valuable time meeting with competing mortgage lenders, I can quickly narrow down the list of lenders that will help you achieve your financial goals. I will make your comparison-shipping fast, easy, and convenient.
  • No charge to you
    There's absolutely no charge for my services on a typical residential mortgage transaction. Like many other professional services, such as insurance, mortgage brokers are paid a finder's fee when we introduce dependable clients to a financial institution.
Why Should You Use My Services?
I will negotiate on your behalf. Many people are uncertain or uncomfortable negotiating mortgages directly with their bank. And even if you have an existing relationship with your branch, TMG does millions of dollars of transactions yearly with a wide variety of lending institutions so we have strong lender relationships. I can use that relationship to your advantage to negotiate your mortgage to ensure you secure competitive rates and terms that benefit you.
 
I will also ensure that you're getting the best rates and terms. Even if you've already been pre-approved for a mortgage by your bank or another financial institution, you're not obliged to stop shopping! I can investigate on your behalf to see if there is an alternative to better suit your needs.
 
Do you know about mortgage customization? All mortgages are not created equally, and depending on your financial goals, I will ensure the mortgage you receive helps you with those goals. Whether borrowing to purchase, renovate, or make your mortgage interest tax deductible, I can ensure that the mortgage you have helps achieve these financial goals.
Think Outside the Branch for Your Mortgage
New Mortgage
Need a new mortgage? I'll help you pick the right fit for you and your budget.
Renewal
When it comes time to renew your mortgage, I'll help you review your options and make the renewal process simple and easy.
Refinancing
Sometimes, refinancing is your best option for a variety of reasons. Let me review your options and do the hard work for you!
Get started with your application now!
I'm here to help with your mortgage needs, refinancing, new home purchases or mortgage renewals.
Types of Mortgages

A fixed mortgage offers you the security of locking in your interest rate for the term of your mortgage, so you know exactly how much principal and interest you will be paying on the mortgage during the term. Terms range from 6 months to 10 years. Fixed rate mortgages offer some form of pre-payment, from 10% to 25% of the original mortgage balance each year, depending on the lender. If you wish to pay off your mortgage in full, there will be a penalty of either 3 months simple interest, or an Interest Rate Differential (IRD). The benefit of this mortgage is the rate is lower than an open mortgage, making it a more popular option if you have no plans to pre-pay it in full during the term you select.

A variable-rate mortgage allows you to take advantage of today's low Prime Rate. Most variable rate products are set below prime, terms range from 1 to 5 years. Payments vary depending on the product or lender you choose. In some cases you can fix your payments for up to 5 years, but the interest rate will fluctuate as the Bank Prime Rate changes. In other cases your monthly payments will fluctuate depending on how many times the Prime Rate changes during your term.

An open mortgage allows you the flexibility to pay off some or the entire mortgage at any time, without penalty. Interest rates are usually higher and are tied to the Bank's Prime Rate.

A secured line-of-credit allows you to access the equity in your home whenever you choose. Rates are tied to prime, usually slightly above prime. Required payment on the balance is interest only, making it a good choice where cash flow may be important. Lower interest rates compared to an unsecured line of credit. You may have a secured line of credit and a mortgage, if you have good equity in your home.

The Rates, Today
Because I work with a wide variety of lenders I can access competitive, lower-than-advertised interest rates. Check back often to see how these rates compare to average bank rates.
Please note that these rates are applicable only to certain borrowers under certain conditions. Some of the rates shown are for basic no-frills mortgages, with little or very expensive means of cancellation and I would not recommend them.
How Much Can You Afford?
Use this mortgage calculator to help you figure things out
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We look at things that the Banks would never consider. We're here to make it easy.