Simplifying the mortgage process

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Mortgage financing can be confusing, it doesn't have to be, here's the plan.

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The best place to start is to connect with us directly. The mortgage process is personal. Our commitment is to listen to all your needs, assess your financial situation, and provide you with a clear plan forward.

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Sorting through all the different mortgage lenders, rates, terms, and features can be overwhelming. Let us cut through the noise, we'll outline the best mortgage products available, with your needs in mind.

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When it comes time to arranging your mortgage, we have the experience to bring it together. We'll make sure you know exactly where you stand at all times. No surprises. We've got you covered.

Lee Welbanks

Principal Broker/Owner

Lee is a pro­fes­sional and pas­sion­ate cham­pion for his cus­tomers. Peo­ple who meet him soon under­stand the many ben­e­fits of mak­ing their all-important mort­gage deci­sions through an accred­ited mort­gage bro­ker who is work­ing for them.


After four years of full-time study, Lee grad­u­ated the Uni­ver­sity of Toronto in 1995 with a Bach­e­lor of Busi­ness Admin­is­tra­tion (BBA), Spe­cialty in Finance. He imme­di­ately began mort­gage lend­ing in Toronto for a major Cana­dian finan­cial insti­tu­tion where he acquired the depth of finan­cial plan­ning knowl­edge to step out on his own.


Lee’s cus­tomer ser­vice is ongoing; after the clos­ing the trans­ac­tion he looks out for his cus­tomers, ensur­ing they con­tinue to lever­age mar­ket­place intel­li­gence, the chang­ing reg­u­la­tory envi­ron­ment and smart financ­ing strate­gies to reduce debt and save interest. As a Reverse Mortgage specialist, he guides Canadian homeowners who are planning for retirement through this unique solution of accessing the equity in their home as a financial planning strategy.


And if pas­sion, per­spec­tive and moti­va­tion aren’t enough, Lee is a mem­ber in excel­lent stand­ing of Mortgage Professionals Canada.


Lee Contact Lee any time to arrange a con­fi­den­tial mort­gage dis­cus­sion and review your financ­ing options.

Here are some nice things clients have said about working with us.

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Mortgage Calculator

A simplified and easy to use mortgage payment calculator, for purchase renewal, or refinance.

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Whatever your needs, I have the home financing solutions for you.

Mortgage financing for Older Canadians in Retirement.

  • Providing opportunities so you can enjoy your life and benefit those you love.
  • Reverse Mortgages - everything you need to know to access the equity in your home as a financial planning strategy.
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WHAT CAN YOU DO WITH MY APP

 

  • Calculate your total cost of owning a home
  • Estimate the minimum down payment you need
  • Calculate Land transfer taxes and the available rebates
  • Calculate the maximum loan you can borrow
  • Stress test your mortgage
  • Estimate your Closing costs
  • Compare your options side by side
  • Search for the best mortgage rates
  • Email Summary reports (PDF)
  • Use my app in English, French, Spanish, Hindi and Chinese

 

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Articles to keep you learning

By Lee Welbanks May 13, 2026
When it comes to selling your home, most people think the first call should be to a real estate agent. But the smartest first step often isn’t with your agent—it’s with an independent mortgage professional. Why? Because your mortgage plays a bigger role in your bottom line than most people realize. Planning to Buy After You Sell If selling means you’ll also be purchasing another property, you’ll want to know exactly where you stand financially before listing. Mortgage rules change regularly, and qualifying once doesn’t guarantee you’ll qualify again. Getting a pre-approval in place ensures you know what you can afford and eliminates surprises later. On top of that, reviewing the terms of your existing mortgage could uncover options you may not have considered. For example, porting your mortgage instead of arranging a brand-new one could save you thousands. Selling Without Buying Even if you aren’t planning to buy right away, there’s still an important step: understanding the cost of breaking your mortgage. Unless your mortgage is open, penalties apply—and they can be significant. By reviewing the numbers with a mortgage professional, you might find that simply adjusting your timeline could reduce or even avoid costly fees. Navigating Life Changes In situations like a marital breakdown, it can feel like selling the family home is the only path forward. But that’s not always the case. With the right guidance and a legal separation agreement, one spouse may be able to buy out the other, keeping the home and providing stability for everyone involved. The Bottom Line Selling your property is more than just putting a sign on the lawn—it’s about creating a financial plan that protects your equity and positions you for the best possible outcome. Before you take the leap, let’s sit down and review your options. 📞 If you’re ready to talk strategy and make sure you get top dollar for your property, I’d be happy to connect anytime.
By Lee Welbanks May 6, 2026
For most Canadians, the down payment is the biggest hurdle to homeownership. A down payment is the initial amount you contribute toward your property purchase, while the lender covers the rest through a mortgage. By law, Canadian lenders can only finance up to 95% of a property’s value, which means you’ll need at least 5% down to qualify. If you’re putting down less than 20%, your mortgage must be insured through one of Canada’s three default insurance providers— CMHC, Sagen (formerly Genworth), or Canada Guaranty . This insurance comes at a cost, but it can be rolled into your mortgage amount. The less you put down, the higher the premium. Since saving a down payment can feel overwhelming, it helps to know the different sources you can draw from. Here are the most common options available to Canadian homebuyers: 1. Savings & Personal Resources The most straightforward source is your own savings. Lenders will ask to see a 90-day history of the funds in your account. Any large deposits outside of regular payroll must be explained with documentation—such as the sale of a vehicle or a transfer from an investment account. This requirement isn’t just red tape; it’s part of Canada’s anti-money laundering rules. 2. Proceeds from the Sale of a Property If you’ve recently sold another home, you can use the proceeds as a down payment on your new purchase. Proof of the sale—such as the final statement of adjustments from your lawyer—will be required. 3. RRSP Home Buyers’ Plan (HBP) First-time buyers can withdraw up to $35,000 each (or $70,000 as a couple) from their RRSPs to put toward a down payment under the federal Home Buyers’ Plan . The funds are withdrawn tax-free, but they must be repaid over a 15-year period. This is a popular option for buyers who have been steadily contributing to their retirement savings. 4. Gifted Down Payment With today’s housing prices, many buyers turn to family for help. A parent or immediate family member can provide a gift that makes up part—or even all—of the required down payment. The lender will require a signed gift letter confirming that the money is a true gift (with no repayment expected) and proof that the funds have been deposited into your account. 5. Borrowed Down Payment In some cases, you may be able to borrow your down payment. This option is usually available only if you have strong credit and sufficient income. The payments on the borrowed funds are factored into your debt service ratios, so affordability is key. Lenders typically use 3% of the outstanding balance when calculating the additional payment. The Bottom Line A down payment doesn’t have to come from just one source—it can be a combination of savings, gifted funds, RRSPs, or other resources. What matters most is being able to show where the money came from and that it meets lender requirements. If you’d like to explore your options or learn how much you might qualify for, it’s never too early to start the conversation. Connect with us today—we’d be happy to help you create a plan and take the first steps toward homeownership.
By Lee Welbanks April 29, 2026
The Bank of Canada announced today that it is holding its target for the overnight rate at 2.25%, with the Bank Rate at 2.5% and the deposit rate at 2.20%. This decision comes against a backdrop of significant global uncertainty — and for Canadian homeowners, buyers, and anyone with a mortgage coming up for renewal, here's what it means.
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