Mortgage broker in Milton

Yes. Milton is one of the busiest places we work, especially for young families buying their first home or a new build. Most of our Milton clients never need to drive in.

We do the first call by phone or video, collect documents securely, and you sign electronically. If you'd rather meet in person, our office is in North York. We compare lenders for you, explain every number in plain language, and stay with you through closing and every renewal after that.

Checked October 18, 2026. This answer describes how a file is read. It is not an approval.

Milton buyers pay only the Ontario land transfer tax. There's no municipal tax like Toronto's. On a typical Milton townhouse or detached home it's still a few thousand dollars to tens of thousands, paid in cash on closing.

If you've never owned a home anywhere, you can get up to $4,000 back, which covers the full tax on the first $368,000. Our closing-cost calculator gives you the estimate, and we keep that money separate from your down payment so closing day goes smoothly.

Checked October 18, 2026. https://www.ontario.ca/document/land-transfer-tax/land-transfer-tax-refunds-first-time-homebuyers https://www.ontario.ca/document/land-transfer-tax/calculating-land-transfer-tax

New builds come with some real advantages. A buyer of a brand-new home may qualify for a 30-year insured amortization, which lowers the payment, subject to lender and insurer approval. If you're a first-time buyer, the federal GST rebate can return up to $50,000 on homes up to $1 million.

If you sign with the builder between April 1, 2026 and March 31, 2027 and it'll be your main home, Ontario's enhanced HST relief may apply too. We review your approval at signing and again before closing, since the lender looks at your income and the appraisal then.

Checked October 18, 2026. https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/gst-hst-businesses/gst-hst-rebates/first-time-home-buyers-gst-hst-rebate.html https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/notice346/ontario-enhanced-new-housing-rebate.html

On a home under $1.5 million, you need 5% of the first $500,000 plus 10% of the rest. On a $950,000 Milton townhouse that's $70,000. You can use your FHSA (up to $40,000 each), the RRSP Home Buyers' Plan (up to $60,000 each), and gifts from parents with a gift letter.

As a first-time buyer you may qualify for a 30-year insured amortization to lower the payment, subject to lender and insurer approval, and you can get up to $4,000 back on Ontario land transfer tax. We'll put it all on one page for you.

Checked October 18, 2026. https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account/contributing-your-fhsa.html https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/what-home-buyers-plan.html https://www.canada.ca/en/financial-consumer-agency/services/mortgages/choose-mortgage.html https://www.ontario.ca/document/land-transfer-tax/land-transfer-tax-refunds-first-time-homebuyers

Milton allows up to three additional units on urban lots with town water and sewer, including one in a detached building, as long as the zoning and building-permit rules are met. A legal suite can make a big difference. On an owner-occupied home with one suite, CMHC-insured programs can add up to 100% of the gross rent to your income.

If you own already, the CMHC secondary-suite refinance can help pay for the build. Get the permit first, though. Lenders and insurers want the unit legal before they count the rent.

Checked October 18, 2026. https://www.milton.ca/en/business-and-development/understanding-additional-residential-units-arus-in-milton.aspx https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/mortgage-loan-insurance-homeownership-programs/rental-income https://www.cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/mortgage-loan-insurance-homeownership-programs/refinance

It can be. Lower prices mean a smaller down payment, and with 5% down you can get into a Milton condo with much less saved than for a town. Lenders count part of the monthly condo fee, so we compare total monthly costs, not just the price.

We also check the building's reserve fund before you firm up. If you plan to move up in a few years, we'll pick a term and lender with a reasonable penalty and good porting options.

Checked October 18, 2026. https://www.canada.ca/en/financial-consumer-agency/services/mortgages/down-payment.html

If you've built some equity, often yes. A refinance can go up to 80% of your home's appraised value, and replacing card and car payments with one mortgage payment can free up a lot of cash each month. We weigh any prepayment penalty against the savings and show you the total interest, not just the new payment, so you're not stretching debt out forever.

If your term is nearly up, waiting for renewal can be cheaper. It's all subject to lender approval.

Checked October 18, 2026. https://www.canada.ca/en/financial-consumer-agency/services/mortgages/borrow-home-equity.html https://www.canada.ca/en/financial-consumer-agency/services/mortgages/reduce-prepayment-penalties.html

The builder's agreement, the deposits already paid, and the completion date go in first. The mortgage has to be available when the house is ready. A resale in Hawthorne Village or Downtown Milton uses the listing instead of a builder schedule.

Yes. The office is in North York, and Milton purchases are handled from there. The down payment and Ontario land transfer tax are planned as separate cash. You may qualify with less than 20% down, subject to lender and insurer approval.

Downtown Milton, Hawthorne Village, Willmott, Harrison, Scott, Coates, and Milton Heights. They share the Milton service pages.