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!
It isn’t enough to be mentally prepared to purchase a home. There is also a strategic approach that will set you up for success. The way I look at it, how long we get your Pre Approval for is whether you are a checkers or a chess player. Let me explain. Mortgage Pre Approval Timeline
Has this ever happened to you? You took the advice of your Brother in law and got into a heap of trouble. Looking back you realize now that he had no business advising you. You’ve also realized that doing your homework and talking to an expert could have saved you a ton. Let’s see how

How To Get A Mortgage Pre Approval

If you’re seriously interested in completing a challenge then get ready to pull up your boot straps. Getting the most accurate Pre Approval for your mortgage can feel like an obstacle course. Let’s look at how we can quickly move you from a contender to the winner’s circle. Don’t Do This For Your Pre Approval
Don’t be caught without an accurate Mortgage Pre Approval. It’s a song I’ve sung for years. Online calculators are a great place to start, but blessed assurance comes when these numbers are validated by a professional. It’s time for a confidence boost! Where To Find The Best Calculators Using the tools available to you online
Join the small handful of people who secure their Mortgage Pre Approval like an expert. Maintaining excellent credit throughout the process. It’s possible, but there are also common mistakes to avoid. Let’s explore. What Happens To My Credit During The Process? Let’s start with a quick lesson. Your credit report is made up by your

What Is A Mortgage Pre Approval?

Watch out! As you wade into the ocean up to your waist you all of a sudden notice the red flag flying up the beach and feel the water sucking at your legs. It’s time to reassess today’s swim. The same can be said about buying a home without fully understanding the Mortgage Pre Approval.
Let me ask you a simple question. Do you think your bank has your best interest at heart? If you answered no or are at least concerned that you may not get the best offer possible at your mortgage renewal…then read on. Robo Bank Mortgage Renewal In the age of technology, the banks have adopted
Be your own Mortgage Broker! That’s right, I said it. You can figure out for yourself whether a Mortgage Refinance will be a positive factual reality. Here is how to move from the confusing online calculators to a simple, do it yourself, answer. Online Mortgage Refinance Calculators In searching for a simple and useful Mortgage
If I am not mistaken, you’re the kind of person who is not fooled by false advertising. When something is too good to be true…it’s over for you. This is my promise to you; I will get you the best interest rate for your situation and promote you till the final whistle and the win.
I used to think that once my clients chose a five year fixed mortgage and locked it in that that was it. It didn’t matter what happened to interest rates, you didn’t have any better options. I soon discovered that when interest rates drop, there is an opportunity to save thousands…and you may be leaving
Are you paying too much for your mortgage? Unless we understand the options available to homeowners, the answer could very well be yes. It begins with defining what a Mortgage Refinance means. Let’s help bring clarity to your question. Mortgage Refinance Defined The simplest way to define a Mortgage Refinance is as follows. An existing
As a senior, you know how important it is to make the money last. We are living longer, healthier lives and want to know that there are options for us to fund our retirement now, and down the road. Is a Reverse Mortgage the only answer?  The Reverse Mortgage Dilemma When you contact the big
It’s no secret that seniors in Ontario are borrowing from their homes in their retirement. Reverse Mortgages have become popular as a new source of income and with record breaking real estate values it is little wonder why. Calculating this mortgage isn’t easy though. Let’s see how the numbers add up for you. Why Is

Is A Reverse Mortgage A Good Idea?

The answer to this question could impact the future of your legacy. You want to be remembered as the Grandparent who was good, kind, and loving. You also want to be remembered as the Grandparent who made a smart decision regarding the Reverse Mortgage. Here’s what you need to know. Celebrity Reverse Mortgage Commercial We

How Does a Reverse Mortgage Work?

Confused about how you can cut the high cost of living? As we age, one solution that many Ontarians choose is to use their home’s value to offset these costs. The Reverse Mortgage could be the answer for you. But how does it work? Reverse Mortgage Confusion    Just when you feel you understood how a

What Is a Reverse Mortgage?

I’ve taken the liberty of reserving a ticket in your name. This ticket is yours towards a trip on the ‘It’s going to get better’ Express. And that through understanding what a Reverse Mortgage is we will get you there today, giving you and your loved ones a better tomorrow.  Simple Definition Of a Reverse
Have you ever stayed awake at night worrying about debt? Endless visions of all the plates you keep spinning while the next plate begins to wobble. How can we stop all these debts from robbing us of our peace? Read on. What Payment Is Possible For My Debt? It is relatively easy to see the
Here’s an idea worth considering. Since there is more than one way to consolidate your debt, shouldn’t you be doing it the smartest way possible? Settling for less or buying into a slick advertisement that you will be paying the bill for isn’t good enough. Let’s prove you made the smart move. All The Ways
If you are like most people, you’ve probably taken on some debt over the past five years. You have been making your minimum payments and have decent credit, but you don’t see a way out. How will a Debt Consolidation Loan affect my credit? Let’s find out. Debt Consolidation and Your Credit We have all
I think you’ll be shocked by what you are about to read. The typical family could save $500 per month from reorganizing their debts…and in many cases much more. What is keeping you from a Debt Consolidation Loan? Debt Consolidation Destination So you want to know the chances of getting to your desired goal of

Can My Bank Consolidate My Debt?

It’s a fact of life that many Canadians carry debt. And often that debt is carried by the bank that you do your day to day banking with. Is this the best place to go to consolidate your debt? Let’s find out. Is it Possible To Consolidate With My Bank? The short answer is yes.

What Does Debt Consolidation Mean?

Remember the first time you won at a board game with your siblings? The confidence you felt. This only happened because you understood the definition of the rules. Let’s learn what debt consolidation means so that you can use this understanding to win with your money. A Simple Debt Consolidation Definition The simplest understanding of
Have you ever been in a relationship with someone who doesn’t see your worth? Oh, it started out well, but once they got what they wanted they stopped opening the door for you. Or worse, when they didn’t get what they wanted then things became very uncomfortable for you. How did I become someone’s doormat?
Take a deep breath and steady yourself. It’s time to set the record straight so you can refinance your mortgage and get your life back on track. You’ve fought many battles to get here and today is your day to speak the truth about your situation. It’s your time to shine. A Mortgage Story Too
Why postpone your future home purchase? You’ve wanted this so bad for so long. Just like our best efforts towards finding a great job, qualifying for a mortgage means getting over potential rejection. Here are the steps to do it well. What is Stopping Your Mortgage? There are actually more reasons why a mortgage will
Are you secretly afraid of not being enough? That your best efforts may still result in failure and that you don’t have what it takes to win for your family? It’s surprising how many of us struggle with feeling like this. How does this affect your mortgage? Is My Credit Score Good Enough? Often when
Sign on the dotted line please. You feel the pressure rise as a pen is squeezed into your hand. You smile on the outside but you can’t help but wonder, ‘Am I missing out on a better mortgage…even with bad credit?’ Mortgage Options For Bad Credit We are blessed to live in one of the
It’s hard enough to work hard every day without having to worry about getting approved for a mortgage. You’ve put in your time and feel like you have been passed over. For promotions, but also for a chance at home ownership. What gives? Why Is Getting Pre-Approved So Easy For Some People? A typical mortgage

Can I Get a Mortgage With Bad Credit?

How many times have you said to yourself…I think I’m afraid to be hopeful, because whenever I get my hopes up, something bad always happens. Sound familiar? Getting up the courage to apply for a mortgage when you have bad credit can feel the same. What can be done? Lender’s Definition of Bad Credit The
In today’s uncertain economy it is so important to find the best mortgage for your situation. But where do you go when life happens? Will the big banks give you a mortgage with bad credit? How The Banks See Your Credit Score The big banks (RBC, TD, Scotiabank, CIBC, BMO, and National Bank) have the

How Often Can You Get a Home Equity Loan?

So you have been here before. You got a Home Equity Loan two years ago and think that’s it. No chance of securing another. Don’t let the bank keep you from getting another Home Equity Loan. Let’s see what can be done. All Out of Home Equity? I am always amazed at the generosity and
If I’m not mistaken, you’re the kind of person who has taken the easier road once or twice. You’ve gotten away with bending the truth often enough that it has become a lifestyle. Yes/No? Then reality catches up and often your credit takes a beating. Is there hope? Home Equity Loan Advisors We all want
Let’s talk about why you need to get it right this time. You have been here before. But getting a Home Equity Loan was simple last time (and the time before that). Now your bank is showing you the cold shoulder. What’s changed? Home Equity ATM We all know that the last ten years have
 Let me ask you a simple question. When was the last time your bank instilled any confidence in you towards your borrowing options? Or helped you feel you could achieve your financial dreams? This is the last time you will feel your confidence shaken. Home Equity Bank Versus Other Lenders Each lender in Ontario is
You just finished trying to read the bank’s definition of how to calculate a Home Equity Loan. What the &*%$! Who is behind all the rules, restrictions, and roadblocks? Is it time for you to solve this mystery? How Much Equity Do I Have? When setting out to solve a crime (and how the banks
Have you ever stayed awake at night thinking about what could have been? Days spent grinding at the job and nights hustling another part time? You once had dreams of a future worth working hard for. Here are the interest rates on a Home Equity Loan so you can begin to achieve your goals. Home
 Put your mind to the test. To a surprising amount of Canadians, getting a home equity loan is a complex puzzle. So difficult indeed that often the result is frustration and quitting before achieving the goal. Here’s how to do it right. The Home Equity Loan Puzzle You remember last Christmas when you received that

Are Home Equity Loans a Good Idea?

Join the small handful of people who find the peace of being prepared. Securing a Home Equity Loan is often an overlooked way of being ready for the future…whatever may come. Let’s see if your intuition is correct. The Reasons For Home Equity Loans There are good and bad reasons to pursue a Home Equity

What Is a Home Equity Loan?

It’s time to join the small handful of people who enjoy borrowing simplified. Tired of your banker telling you what you should or can’t do? Feeling stuck towards affecting positive change for your family’s future? It ends today. Home Equity Loan Definition A home equity loan in simple terms is when you borrow an amount
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
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
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
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
Private mortgage investing is something you can do. I have a number of borrowers who, in time, have become some of my lenders so it is possible for you to join this brave new world. The Mind Of A Private Mortgage Lender  When switching your mindset from being a borrower to a lender you will
The truth is private lenders are everywhere. From your local pawn shop, to brokers, to lawyers, to new financial technology companies on Bay Street…you can find and borrow private money.  Where’s My Private Lender With so many options comes an optical illusion of massive proportions. The “Private Lender Blur” of searching through a sea of
So you have been offered a private mortgage loan but there are conditions. Now you need to provide documentation to support your ability to qualify for your loan and hopefully keep your sanity in the process. Mortgage Documents Rage There is an internal green demon in all of us. He lies in wait as we
There is no worse feeling than being made to feel stupid by a know it all ‘financial guru’. Calculating a private mortgage should make you feel confident and here is how you can do it too. Beware The Financial Know It All Class is in session and there is always that one kid who seems
When it comes to counting the cost to completing a private mortgage loan there is no definitive answer. These loans are less regulated than the rest of the mortgage industry and that leaves room for providers and intermediaries to take advantage where they may.  Ye Old Boy’s Club Private Lender In finding out how much
Private mortgage rates vary wildly depending on the lender and even on the availability of their money at the time you need it. Here is what you need to know in order to secure the best rate for your situation. Loan Shark Beware In your pursuit of your best private loan there is a character
Private mortgage lenders use a risk based model to determine if you qualify for the loan or not. This is actually a lot simpler than the bank’s system. Here is how it works. Qualifying At The Bank When you apply for a mortgage at your bank you first need to know who you are dealing
Just as there are times when we need to stop letting a negative relationship control your actions; there are times to use a private mortgage to get control back of your finances.  Best Reasons To Consider A Private Mortgage There are a surprising amount of reasons why a private mortgage is a good option. Here

What is a Private Mortgage?

A simple private mortgage definition is a mortgage or loan that is borrowed from a party other than a bank or institutional lender. Typically this is a private individual or private mortgage companies that offer their own money for the loan.  Wait a minute…you are losing me here. What? I get it…you don’t deal with
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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 –
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
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
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
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
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)
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
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