Mortgage Types

Ashab Khan Mortgage offers a wide range of mortgage services which are customized to suit the specification of our valued customers. Whether they are competitive rates or flexible options, we can find a mortgage that meets your unique needs. 

First Time Home Buyer

First Time Buyer

Are you planning to buy your first home? Purchasing a home is a significant commitment and your mortgage could be the single most important financial decision that you will ever make. Understanding how the mortgage process works will help you.

We simplify this process for you and help you through the confusing maze of lender options, mortgage documentation, and terminology you deal with as you work your way through this process.


Mortgage Pre-approvals

When looking to buy a home, a pre-approval is a necessary step. It helps you determine affordability of a potential mortgage and an idea of a price range when purchasing a home.

At Ashab Khan Mortgage we understand the importance of a Mortgage Pre-Approval. Hence, we provide you with a mortgage pre-approval, which strengthens your position when negotiating the purchase price of your home. We will discuss your current situation and recommend a comfortable price range to get you started!

Second Time Home Buyer

Residential Mortgage

Are you planning on buying your next home? To buy your second home, a mortgage is necessary. With interest mortgage rates plummeting, you should capitalize before interest rates climb.

Call Ashab Khan Mortgage for a free analysis of what you can afford. With electronic access to over 40 lenders, we will ensure that you receive the most suitable mortgage product for your needs.


Mortgage Renewal

Is your mortgage up for renewal? If yes, now is a great time to compare the varied excellent options and competitive rates available in the market.

We will help you assess your current situation and find the best rates that meet your needs. We will also provide a variety of options and suggest recommendations in accordance to your goals.

Do you want us to remind you of upcoming mortgage renewals?
Connect with us to sign up for our Renewal Alert.


Mortgage Refinance

If you have an existing mortgage, you may at some point consider refinancing it. Refinancing your home is the process of paying off any existing mortgages on a home with a new mortgage loan. You can use your home equity to meet certain requirements which need cash like home improvements, investments, college expenses, investments, buying additional property, and so forth.

Ashab Khan Mortgage helps you with all the necessary mortgage refinancing tips to ensure the mortgage process is easy and hassle free.

Debt Consolidation

People opt for refinancing mortgage to consolidate credit cards or loans.

Consolidating debts into your mortgage helps you pay off all or a portion of your existing debts with a single mortgage loan. This results to your monthly payment being lowered.

At Ashab Khan Mortgage, we not only help you refinance but also guide you with tips on saving, and planning ahead so you know you’re making the proper decision.

Past Credit Issues/Credit Rehabilitation

Are you worried about weak credit history? Do not worry as we may be able to help you. We can help you purchase a residential property or refinance your existing property. We can secure mortgage financing for you. Please note that in some circumstances a fee may be required which will be disclosed upfront and agreed to in writing prior to working on your file.

Home Equity Line of Credit (HELOC)

Personal Line of Credit

Are you interested in getting a loan against your existing home? With a HELOC (home equity line of credit), your home’s equity becomes collateral to provide you with a supply of credit. It’s a revolving credit facility as you only pay interest on what you borrow.

Consult Ashab Khan for a convenient personal line of credit at competitive rates secured against your residential property.

Mortgage Transfers

Porting or Transfers

Transferring your mortgage means taking your existing mortgage – along with its current rate and terms – from one property and transferring it to another. You’re only allowed to transfer your mortgage if you’re purchasing a new property while selling your old one simultaneously. Unlike mortgage refinancing, transferring a mortgage doesn’t require you to break your mortgage and pay prepayment penalties.

Customers who have bought their dream homes two or three years ago may decide to sell their current property because they have found better property.

If the mortgage you need for the new property is larger – which is a very common occurence – Ashab Khan can help you find a lender who will offer you what’s called a blend and extend. This is essentially a weighted average of the existing mortgage and interest rate, and the new money required at a current mortgage rate.


Builders Mortgage

Are you building your dream home and acting as your own general contractor? The amount you may borrow will be an important part of your discussions with your builder in deciding what to include in your home.

We can help you by arranging the most competitive “builders mortgage” products in the marketplace with up to 3 to 5 construction draws over the construction phase of your project depending on its complexity.

Commercial Mortgage

Are you looking to invest in your future and struggling to find a mortgage? If you are facing difficulties with institutional mortgages, privately funded mortgages are good alternatives to meet your financial obligations. Do not regard private financing as your last alternative.

We offer a variety of financing options for commercial mortgages for businesses. We have a number of both institutional and private lenders in our network that are available to fund commercial real estate projects in Ontario and across Canada.

Equity Take Out

Are you interested in starting a small business or to begin investing? Your home equity can be a valuable financial resource, which enables you to access credit at rates that are generally lower than other forms of borrowing, enabling you to finance your dreams.

We will review your current situation and future goals and advise how much equity you can leverage, and what your monthly payments would be. 

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