Small and medium-sized businesses are the engine of the Canadian economy.
As far as mortgage lenders are concerned there are only two types of self employed (or commissioned) individuals - those who are able to prove their income and who consequently qualify for the loan based upon the same debt service ratio calculations applied to an employed person’s income - and those who don’t. And it’s the latter category who often have the most difficulty in obtaining a mortgage.
But don’t despair, there are insured programs available which take into account the nature of this type of income. Up to 90% of the purchase price, or as-improved value, is available determined by a graduated scale tied to your beacon score. The better your credit rating, the higher the amount you may borrow. Slightly higher mortgage default insurance premiums are applied (but capitalized into the mortgage balance) to offset the perceived higher risk.
Mel Gilbert, AMP
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Mel is an amazing broker! He helped out my partner and I and made our experience so much better. Thank you!
Theresa Jacinthe, London, Ont
As a Real Estate Broker in today's fast paced ever changing market I can't afford to rely on chance. I need to know that with respect to mortgage financing, if it can be done... it will be done. Mel brings over 30 years of experience to the table and understands this industry from the ground up, inside and out. Mel has the skill to get it done quickly, and the contacts to get you the best possible value every time. Sometimes it isn't what you know ... It's who you know. Do yourself a favour and get to know Mel.
Peter Sisco Broker of Record Red Door Realty Ltd. Brokerage
“It has been a true pleasure to have Mel as our mortgage agent. We trust him completely - he is great to work with.”
Andy Fowler, Realtor Re-Max and 2x client personally.
We spoke to two Mortgage brokers before deciding who we were going to trust with such a big purchase. Mel was by far the most knowledgeable and understanding. We weren’t sure if buying our first home was going to be possible and yet Mel made it happen.
Natalia Jansen, London, Ont.
â€śMel is a complete professional in every way. He worked very hard for us and we couldnâ€™t have completed this transaction without him.â€ť
Anandsinh Chauhan, London, Ont
I was referred from a trusted instructor to Mel. I was looking for a Mortgage, Mel looked at my info told me what I needed to do in order to accomplish my goal. I did as he said and now a owner of my own home. Thanks Mel!!
Darryl Van Soest, St Thomas, Ont
I've been a client of Mel for 2x house purcheses. My house renewal came along 5 years after I bought my house and they raised my lending rate. Mel took care of it by using his magic and found me a point less. Always clear, concise and helpful. More business to come from me in the future.
Bryan Haagsman, London, Ont
Mel was able to deliver the expectations that my husband and I are looking for in a broker. Was able to purchase our first home with his help.
Maria Krizane, London, Ont
Mel is the best really knows what he's doing and helps the best advice and help I could have ever received
Bill Bilicky, London, Ont
Thanks for your help with purchasing our first home and providing ongoing and repeated help when we remortgaged, it was painless and awesome. Thanks!
Kevin Wardrop, London, Ont
Mel works for you at every hour of the day it seems!. Mel worked very hard for us and had answers for us even late in the evening on weekends. Using Mel for your mortgage is like having family to help you move. Thanks!
Jacob Van Beets, Goderich, Ont
Teamed up with Mel in July of 2014, wasnt to sure about my ability to get a mortgage even a little nervous. Mel soon calmed my fears,it was like working with an old friend.Stayed in contact with me almost on a daily basis and helped me through the process of getting all the needed paper work and information that was required. Honestly I could'nt have done it with out his knowledge and expertise. If you're looking for a mortgage broker who really cares and works for you', CALL Mel Gilbert, ...thanks Mel ! me and my son could'nt be happier in our new home, you're the 'Best'...Mark & Christian Martin
Mark Martin, London, Ont
Mel got us our first mortgage and he's always been there when we have needed him for advice.
Dave Hickman, London, Ont
Mel is warm, and personable. He makes your experience feel like he is so focused on you. He has made my first time experience at home purchase wonderful and happy. I was being pulled around by others in the process and he came along and straightened the road . He went above and beyond to make things others did wrong in the process , right, and fast. I would recommend him to anyone anytime. A great man, with a great heart. My many thanks to you Mel for all you did for my journey into home ownership.
Karen Hamer, London, Ont
Mel was able to get me a great deal on my first mortgage. He is always professional and available to answer any questions. If you need a mortgage Mel is your guy.
Glenn Eggleton, London, Ont
Mel found us an affordable mortgage with the terms we needed. Super friendly guy and there to help with any questions you may have. He's even good for a hug when the approval comes in :-)
Richard Irvine, West Lorne, Ont
Mel and his associates helped my family purchase our first home; making the process smooth and comfortable as possible. I look forward to working with Mel in the future
Kevin Wardrop, London, Ont
Mel was a great help to me He was able to help me to find a better mortgage than the one I had. No one has ever took the time before to explain the process of how the mortgage works and Mel took the time to explain this to me. Thank-you for all of your help and support along the way.
Kari Barrett, London, Ont
Mel has helped me complete several mortgage deals over the past few years. He is professional, hard working and always keeps me informed of what is going on. Mel, I look forward to working with you again in the future.
Michael Sprayson, Campbellford, Ont
I have gone to Mel several times over the years for help finding a mortgage and he has come through every time. I am always amazed by his level of knowledge and dedication... A true professional. I never hesitate to recommend Mel to family and friends seeking a mortgage.
Rudy Michael, Toronto, Ont
Mel took care of anything. He found me a mortgage with a credit union at a great rate. I filled out my application online and he took care of the rest. I have recommended him to family and friends. He made the whole process easy and answered all my questions so I could make decisions about buying a home.
Debbie Richter, London, Ont
Mel is truly a genius with mortgages. I ran into some problems with another mortgage broker that wasn't honest as Mel and they dragged their feet. I was directed to Mel, who looked after me with the utmost professionalism and kept my best interests at heart. Not only was Mel able to find me a new mortgage, he did it within a matter of hours, with the lowest interest rate, minimum 5% down payment, and closed it in a matter of 5 days.... Just in time for my closing date on the home I agreed to purchase. I really lost faith in brokers until I was directed to Mel.
Lonnie Bernard, St Thomas, Ont
I met Mel in 2008 when I purchased my first home. I felt very comfortable talking with him. He was great at explaining the details concerning my new mortgage. 5 years later, I renewed my mortgage thru him again because I trust his capabilities to get me the best rate possible. Thank You, Mel!
Lily Bleyenberg, London, Ont
Magic Mel is simply the best at what He does. As a Real Estate Professional I depend on solid advice that I and my clients can depend on when choosing a Mortgage solution that makes good financial sense. Mel's vast knowledge and numerous connections in the business has served my client well and I will definitely be recommending his services in the future. Well done Mel !
Brian Diehl, London, Ont
Mel has handled two purchases/sales for me and I highly recommend his services. He is always professional and available to answer any questions. I found Mel to be unfailingly polite, kind and patient. I very much appreciated that we were able to complete most tasks over the phone and/or electronically saving me valuable time during the hectic purchase/sale period. Well done Mel!
Rhonda K, London, Ont