Our
Stress-Free Process
Step one
We get to know you.
We've invested in industry leading technology to make getting to know you as easy and convenient as possible.
Now, instead of waiting for a call back or needing to carve out time to drive to the office, you can
get started immediately from the comfort of home.
As soon as you do this and we know your full situation, we can start completing pre-work and underwriting on your behalf.
We'll jump on a call to review the documents you've uploaded and ensure our understanding of your needs, ahead of finding you the best mortgage.
Our concierge onboarding experts will be in your corner should you need any assistance!
Step two
We find the right mortgage.
Using our proprietary software, your mortgage agent & underwriting specialist will be preparing a customized lender comparison report, accompanied by a video explaining your options.
We'll show you your best mortgage options in a simple side by side format, helping you to understand and compare the pros and cons of each product and lender.
We’ll demystify the jargon and help you understand the implications of the small print, so you don’t find out the hard way at a later date.
Step three
We seal the deal.
Once you've made an educated decision to move forward with a chosen lender, our funding & fulfillment specialists will execute digital signing.
They'll also be in your corner up to closing to make sure any remaining documents are prepared and in order.
We'll guide you through the signing with a personalized video, to make this as easy for you as possible.
Step four
We stay by your side.
It's time to send you a thank you gift in gratitude of using Silverman Mortgage
for your mortgage needs. We'll also make a donation to a local non profit
to aid in a better stress-free community.
for your mortgage needs. We'll also make a donation to a local non profit
to aid in a better stress-free community.
Now it's time to grow with us, as we’ll be with you for the lifetime of your mortgage.
All we ask is that you help us with referrals in return, so we can help more people move forward on their home ownership journeys!
We Believe
The key to providing a stress-free mortgage experience relies on our ability to communicate effectively. No one wants to be left wondering about the next step.
This is why we take a team approach.
We’re a small group of mortgage professionals who spend just as much time making sure our clients have a great experience as we do closing mortgages.
For a
Stress-Free
Mortgage.
QUICKLINKS
MORTGAGE ARTICLES
Chances are if the title of this article piqued your interest enough to get you here, your family is probably growing. Congratulations! If you’ve thought now is the time to find a new property to accommodate your growing family, but you’re unsure how your parental leave will impact your ability to get a mortgage, you’ve come to the right place! Here’s how it works. When you work with an independent mortgage professional, it won’t be a problem to qualify your income on a mortgage application while on parental leave, as long as you have documentation proving that you have guaranteed employment when you return to work. A word of caution, if you walk into your local bank to look for a mortgage and you disclose that you’re currently collecting parental leave, there’s a chance they’ll only allow you to use that income to qualify. This reduction in income isn’t ideal because at 55% of your previous income up to $595/week, you won’t be eligible to borrow as much, limiting your options. The advantage of working with an independent mortgage professional is choice. You have a choice between lenders and mortgage products, including lenders who use 100% of your return-to-work income. To qualify, you’ll need an employment letter from your current employer that states the following: Your employer’s name preferably on the company letterhead Your position Your initial start date to ensure you’ve passed any probationary period Your scheduled return to work date Your guaranteed salary For a lender to feel confident about your ability to cover your mortgage payments, they want to see that you have a position waiting for you once your parental leave is over. You might also be required to provide a history of your income for the past couple of years, but that is typical of mortgage financing. Whether you intend to return to work after your parental leave is over or not, once the mortgage is in place, what you decide to do is entirely up to you. Mortgage qualification requires only that you have a position waiting for you. If you have any questions about this or anything else mortgage-related, please connect anytime. It would be a pleasure to work with you.
Dreaming of owning your first home? A First Home Savings Account (FHSA) could be your key to turning that dream into a reality. Let's dive into what an FHSA is, how it works, and why it's a smart investment for first-time homebuyers. What is an FHSA? An FHSA is a registered plan designed to help you save for your first home taxfree. If you're at least 18 years old, have a Social Insurance Number (SIN), and have not owned a home where you lived for the past four calendar years, you may be eligible to open an FHSA. Reasons to Invest in an FHSA: Save up to $40,000 for your first home. Contribute tax-free for up to 15 years. Carry over unused contribution room to the next year, up to a maximum of $8,000. Potentially reduce your tax bill and carry forward undeducted contributions indefinitely. Pay no taxes on investment earnings. Complements the Home Buyers’ Plan (HBP). How Does an FHSA Work? Open Your FHSA: Start investing tax-free by opening your FHSA. Contribute Often: Make tax-deductible contributions of up to $8,000 annually to help your money grow faster. Withdraw for Your Home: Make a tax-free withdrawal at any time to purchase your first home. Benefits of an FHSA: Tax-Deductible Contributions: Contribute up to $8,000 annually, reducing your taxable income. Tax-Free Earnings: Enjoy tax-free growth on your investments within the FHSA. No Taxes on Withdrawals: Pay $0 in taxes on withdrawals used to buy a qualifying home. Numbers to Know: $8,000: Annual tax-deductible FHSA contribution limit. $40,000: Lifetime FHSA contribution limit. $0: Taxes on FHSA earnings when used for a qualifying home purchase. In Conclusion A First Home Savings Account (FHSA) is a powerful tool for first-time homebuyers, offering tax benefits and a structured approach to saving for homeownership. By taking advantage of an FHSA, you can accelerate your journey towards owning your first home and make your dream a reality sooner than you think.