I'm here to help you with all your mortgage needs or to simply answer your mortgage questions. My name is Michael Smele and I'm a Mortgage Agent helping clients in Barrie, Newmarket, Innisfil, and Bradford as well as Brampton, Mississauga, Toronto and the entire GTA and across Ontario. Please fill out this form or call me at: 705-481-1688 or 416-949-5971. I look forward to hearing from you and helping you with your needs!

Helping You With Your Mortgage Needs in Barrie

Whether you are looking for a private mortgage loan, home equity loan, debt consolidation loan, or to refinance your mortgage; I can meet you in Barrie face to face. Here is more about me and why treating my clients with the utmost integrity is important.  Barrie Mortgage Meeting Locations Here are some of my favorite
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Helping You With Your Mortgage Needs in Mississauga

Whether you are looking for a private mortgage loan, home equity loan, debt consolidation loan, or to refinance your mortgage; I can meet you in Mississauga face to face. Here is more about me and why treating my clients with the utmost integrity is important.  Mississauga Mortgage Meeting Locations Here are some of my favorite
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Helping You With Your Mortgage Needs In Toronto

Whether you are looking for a private mortgage loan, home equity loan, debt consolidation loan, or to refinance your mortgage; I can meet you in Toronto face to face. Here is more about me and why treating my clients with the utmost integrity is important.  Toronto Mortgage Meeting Locations Here are some of my favorite
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Helping You With Your Mortgage Needs in Brampton

Whether you are looking for a private mortgage loan, home equity loan, debt consolidation loan, or to refinance your mortgage; I can meet you in Brampton face to face. Here is more about me and why treating my clients with the utmost integrity is important.  Brampton Mortgage Meeting Locations Here are some of my favorite
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Interest Only Mortgage Rates – The Rental Investor’s Dream Home

There’s a new kid in town and he’s kicking butts and takin’ names. The Interest Only Flex Mortgage! This one has investor’s and rental property holder’s names written all over it! Here are the details: Why Would Anyone Want Interest Only? Institutional interest only mortgages are a great fit for those with a larger scope
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Mortgage Insurance – Effective Tool For Lower Interest Rates

As of January 1st, 2018 – new mortgage rules are making it more difficult to get a low rate mortgage. This forces the industry to look for new ways to assist our clients towards finding the best rates. Pre-existing mortgage insurance is one of the effective tools to achieve this. What Is Mortgage Insurance? What
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Paying Off Your Toronto Mortgage Early – Fixed VS Variable Penalties

Oh the shock and disgust as my clients realized to their horror the size of their penalty! You see they were breaking their mortgage mid-term. What their bank didn’t emphasized nearly enough on signing three years ago were the consequences of their obligation if life happened. Herein lies the ugly reality of the Early Mortgage
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Home Loan Interest Rates Today – Changes To Your Mortgage

It may come as a surprise if you are in the middle of a five year fixed mortgage term. The surprise is that the mortgage industry in Canada has changed. Fundamentally, from the top down and this affects so very many of us in ways we won’t see until we go to make a change
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Grow Your RSP Without Fees – Self Directed Mortgages Done Right

There is a lot of buzz today around your RRSP and what can and can’t be done as far as investing. You have heard that there are alternatives however the misinformation has you confused. Here is an effort to clarify and a couple of tips to avoid the bank’s fees along the way. Can I
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5 Instant Fixes To Your Personal Credit Rating

So you have bruised credit and do not have a lot of time to address the issues. Here are five – count em’ – five quick changes you can make today to improve your credit immediately. Stop Fighting Your Phone Company This is the most common reason why many Ontario residents have damaged credit. Rogers
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Private Mortgages in Ontario – The Investor’s Frequently Asked Questions

So you are one of the bright few Canadians who are looking to take control of your retirement and not leave it in the hands of a fund manager or your bank. The alternatives look appealing however you need to have a lot of questions answered before making a foray into anything new. You are
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Self Build Construction Mortgage – Overcoming The Obstacles

The resale housing market has a lot of choice to offer. Yet a growing segment of the Canadian population is turning to fulfilling a long held dream of building their own personal piece of paradise. “John and Sally” were just those people and here is how they navigated the process of self build construction. Location
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Real Estate Investing – Active and Passive Vehicles

Most of us want to participate in the wealth creating power of real estate. However, the problem starts at this point. How, where, and what type of real estate should I invest in are some of the questions that quickly bubble to the surface. Should I be a landlord or should I hire someone? The
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Private Lenders – How To Kickstart Your Wealth Creation

Is there a worse feeling in the world than being helpless? That inability to help yourself into a better position in life – for example due to government restriction, a disability, or societal prejudice? We have all felt this to one extent or another. When it comes to your finances – a surprising amount of
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RRSP Contribution – Free To Grow With Self Directed Mortgages

So you are one of the faithful few – the contribution to your RSP comes off the top of the pay cheque before you take home. You have been doing this for years and believe it is a big key to the successful achievement of your retirement goals. How is that coming along? The surprising
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First Rental Property – Investing In Improving Real Estate

So you have decided that you want to purchase a property for investment purposes. That’s great! And on top of this you want to find a great deal on a property that has a distressed seller or a run down and/or outdated home. Even better! Buying your first rental property can be challenging enough on
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Investing In Real Estate For Dummies (And Not So Dummies)

There are many strong reasons to be investing in real estate today. Property values in many regional markets are still growing – Canada has a healthy immigrant population that needs and will need a place to live – and of course my favorite – mortgage interest rates are still sitting at historical lows. But for
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Payday Loans VS. Debt Consolidation – The Best of The Worst

So you need money and don’t get paid until the end of the week. You’ve tried the bank and they have turned you down based on your credit. The only solution that you can see is another payday loan. Well not true if you own your home. Then there are options. But what is the
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Self Directed RRSP Mortgage – Positive Money Advice

We could all use a little more good news now and again. This is especially the case when it comes to Canadians and their RSPs. The last ten years have been a roller coaster ride and the global uncertainty on the horizon is not helping. So now to get on to the good news –
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How To Rebuild Your Credit – Fast Like A Ninja

Your credit score is one of the most misunderstood financial tools we have access to as Canadians. What is worse is the misinformation being passed around by pseudo experts. Many of us have gotten into credit trouble at one point or another along the road of life. Here is how to get out of it
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How To Beat The Bank’s Mortgage Payment Calculator

We all want to pay off our mortgage early. Like today if possible. Well I will tell you from extensive experience that the bank’s mortgage payment calculator is not going to get you there earlier like they are advertising. Why you may ask? Because they have a good reason to keep you inside the mortgage
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RSP Action Plan – Self Directed Mortgage Investment

Media bugging you about the RSP deadline? Ignore them – Seriously. The only Canadians who really benefit from this government created tax deferral program are the highest taxed employees. For the rest of us – it is time to consider what to do about our existing RSP investments, why they keep dropping in value, and
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5 Year Mortgage – 5 Things You Need To Know Now

There are a few things we Canadians will not do without like our hockey, maple syrup, and a 5 year fixed mortgage? That’s right. Believe it or not, this mortgage product is as Canadian as they come. There is no doubt as 4 out of 5 new mortgages in 2012 were fixed rate and the
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3 Ways You Can Increase Your RSP Investment Now

Your financial planner will give you the same advice this year as last – invest in a well diversified portfolio of stocks, bonds, and mutual funds. The market will change…but the advice is always the same. Why are you only allowed to invest in sanitized, watered down, and costly (up front, ongoing, and trailer fees)
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Debt Reduction – The #1 New Year Resolution…Again

Three years in a row has consumer debt reduction been the #1 resolution for Canadians. This according to a poll conducted for CIBC. The fact that there is no positive change here begs the question: What are we doing wrong? If we can’t clarify the reasons – we won’t be able to make the changes
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Self Directed RSP Mortgage Investment Property

When was the last time you heard some good news about your RSPs? It has been a long time and with the state of the global economy the way it is – I wouldn’t hold my breath on things getting better any time soon. So what can we do? Here is a less known but
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