A bank offers only their mortgage products. As a licensed Mortgage Brokerage in Canada, Positive Impact Mortgages Inc. shops the market across 50+ lenders (including major banks, credit unions, and monoline lenders) to find you the absolute best rate and terms for your specific purchase or refinance needs.

Yes. A bank pre-approval holds the rate but not necessarily the product features. We often find that a monoline lender offers a similar rate but with much better pre-payment privileges and lower penalty calculations—which can save you a fortune if life changes.

This is a major shift in Canadian lending. For properties over $1M, you need a minimum 20% down payment. You cannot use default insurance. We have specific lenders who excel in this "uninsurable" space and can get you competitive terms without the extra fees some banks tack on.

Absolutely. This is one of the most common refinance strategies in Canada. If you have built equity in your home, we can consolidate high-interest credit cards and loans into one low monthly mortgage payment, saving you thousands in interest.

For properties under $1M, the minimum down payment is 5% (for the first $500k) and 10% for the portion above $500k up to $1.5M. For properties over $1.5M, a minimum 20% down payment is required. We will guide you through the exact numbers based on your situation.

Yes. While banks often make it difficult for business owners due to income fluctuations, we have access to "Stated Income" and "Alt-A" lenders specifically designed for self-employed Canadians. You don't need a traditional T4 to buy or refinance.