Jesse Stone
Mortgage Agent Level 2
Your mortgage team in Durham Region.
We help people buy, renew and refinance across Durham Region and Toronto. Business owners and the self-employed are a big part of our work.
How we help
Your accountant and our team should be talking.
We work directly with accountants and financial planners, so your mortgage fits the rest of your plan. It matters most when you run a business.
About us
Jesse Stone and team work with clients across Durham Region and Toronto through BRX Mortgage Inc. Maria, our client care lead, keeps every file moving from application to signing.
Maria
Client care lead
Maria keeps your file moving from the day you apply through to signing, so you always know what happens next.
For accountants, realtors and financial planners
Give your clients a free mortgage check with your name on it.
Get your client linkWhere we work
Licensed in Ontario.
Answers
All answersWhen should I start looking at my mortgage renewal?
About four months before your maturity date. Many lenders will hold a rate for a switch around 120 days out, which gives you time to compare.
How much do I need for a down payment in Ontario?
The minimum is 5% on the first $500,000 of the price and 10% on the portion from $500,000 to $1.5 million. Homes priced at $1.5 million or more need at least 20% down. With less than 20% down, you also pay for mortgage default insurance.
What documents do self-employed borrowers need for a mortgage?
Most lenders ask for two years of T1 Generals and Notices of Assessment, proof that no taxes are owing, and your business registration or articles of incorporation. If you are incorporated, they usually add two years of company financial statements.
How much can I refinance my house for?
Most lenders refinance up to 80% of your home's appraised value, minus what you already owe. That limit includes any home equity line of credit secured on the property. You also need to qualify at the stress test rate.
How does a reverse mortgage work in Canada?
You borrow against your home's value and make no required monthly payments. Interest is added to the balance, and the loan is repaid when you sell, move out or after the last borrower passes away. You must be 55 or older.
Do you work with clients in Durham Region?
Yes. We work with clients across Durham Region, including Bowmanville, Port Perry, Blackstock, Oshawa and Whitby, as well as Toronto. We are licensed in Ontario.