Ontario mortgage strategy, without the bank runaround

The Broker Guy

I help Canadians use mortgages as part of a bigger financial plan: buying well, refinancing intelligently, unlocking home equity, and improving lifestyle without guessing.

Start with the calculator sean@thebrokerguy.ca

First-time buyersSelf-employed filesReverse mortgages

Sean Khatibi

Financial economist from the University of London with a finance-first approach to mortgage advice.

Holistic guidance for Canadians building wealth, improving cash flow, buying their first home, or aging in place.

Smart mortgage tools

Clear numbers before the lender conversation.

Estimate the big moving parts for first-time purchases, reverse mortgages, refinances, debt consolidation, and co-buying support.

Uses Canadian down payment tiers and Ontario land transfer tax rebate assumptions.

Reverse mortgage estimates are capped at 50% of the home value and must be confirmed by lender quote, property, age, and rate.

First-time buyer planning

See the minimum down payment, estimated payment, mortgage insurance, and land transfer tax so you know whether the purchase is comfortable before you write an offer.

Purchase price

Down payment available

Interest rate

Amortization

years

Minimum down payment

$60,000

Estimated monthly payment

$4,538/mo

Mortgage insurance

$23,715

Land transfer after rebate

$9,475

Talk through this scenario

Mortgage stories

Every mortgage file has a life moment behind it.

The numbers matter, but the right mortgage strategy starts with the story: retirement dignity, a first set of keys, a family budget that breathes again, or a down payment gap that needs a smarter structure.

Financing for Seniors in Canada

A home can fund care, family, and freedom.

For homeowners 55+, reverse mortgages can unlock tax-free cash, remove required monthly mortgage payments, and preserve the option to stay in the home.

Explore senior financing

First-time buyers

The first home should feel planned, not panicked.

I map affordability, down payment, land transfer rebates, FHSA strategy, closing costs, and payment comfort before you compete.

Estimate a purchase

Refinance and cash flow

Turn trapped equity into a calmer monthly life.

A refinance can fund renovations, simplify expensive debt, improve payment structure, or reposition the mortgage for the next stage.

Run refinance numbers

Ourboro co-buying

When income is strong but the down payment is short.

Ourboro can be a fit for qualified buyers who can support an 80% mortgage but need a co-investment partner to reach 20% down.

Understand Ourboro

Reverse mortgages

Turn home equity into retirement flexibility without selling the home.

A reverse mortgage is designed for Canadian homeowners 55+ who want to access a portion of their home equity as tax-free cash. You keep title and ownership, no regular mortgage payments are required, and repayment is typically due when the home is sold, the homeowner moves, or the homeowner passes away.

Read the full senior financing guide

Age

Youngest homeowner must be 55 or older.

Access

Potentially up to 50% of home value, depending on age, property, location, and lender terms.

Payments

No required monthly mortgage payments while obligations are met.

Ownership

You remain the owner and continue benefiting from future home appreciation.

Best fit

Seniors who want to age in place

This can help clients stay in a familiar home while creating liquidity for retirement income, care needs, renovations, debt relief, travel, or a living legacy for children and grandchildren.

Boost cash flow

Supplement pension income or create breathing room without selling investments at the wrong time.

Help family

Use home equity for a living inheritance, a child's down payment, or family support.

Stay protected

Clients must maintain the property, keep insurance, pay property taxes, and use the home as a principal residence.

Plan the exit

I compare the long-term cost, estate impact, and alternatives before recommending it.

Down payment support

Ourboro can help bridge the gap for qualified buyers.

For clients with income strength but limited down payment, Ourboro may co-invest so the combined down payment reaches 20% and the mortgage is structured around 80% loan-to-value.

Read the Ourboro guide

Buyer contributes at least 5% plus closing costs.

Canadian citizen or permanent resident.

Principal residence purchase, generally not friends or extended relatives.

Property price between $550K and $2.5M in an investment region.

Credit score target of 600+ and ability to support an 80% LTV mortgage.

Independent legal advice and approved legal/lending partners required.

55+

Reverse mortgage eligible homeowner age

Up to 50%

Potential home value access, lender dependent

$8K / $40K