“With less than 2 weeks to our closing date we contacted Casey to arrange our mortgage for a home purchase. He truly was amazing and efficient. He managed to arrange our mortgage on time and at a very low rate. This was our first time using a mortgage broker and we would highly recommend Casey to anyone looking for a mortgage.”


Hamid & Fozia Sankhar, Milton, Ontario


“Honesty, integrity, and professionalism are the three words that come to my mind when I hear Casey’s name. He has provided my clients over the years with the highest level of service and they always thank me for introducing them to him. Casey truly goes above and beyond.”


Deborah Robinson, Real Estate Agent – Royal Lepage


“Working with Casey was an absolute pleasure from the beginning to the end.  Not only did he secure us a much better mortgage rate than the bank we’ve been with for over 15years, but he also helped us create a financial plan to help us to pay off our mortgage faster while creating wealth at the same time.  We’re very excited about working with Casey in the future and look forward to referring him to all of our friends and family.”


Peter & Lorraine Verners-Rufh, Oakville, Ontario


“Purchasing our first home was a little nerve racking at first, but after speaking with Casey we felt completely at ease as we new we were in good hands.  Unlike our bank who took more than 2 days to call us back, Casey was always available to answer our questions and concerns no matter when we tried to reach him. Casey you made our first home purchasing experience a very pleasant one, and we really appreciated your advice regarding our life insurance options as well.  Thanks for everything…you saved us a lot of time and stress!”


John & Allison Botero, Mississauga, Ontario


“I have nothing but amazing things to say about F1RST CHO1CE Financial Group. Not only are Casey & Wayne extremely helpful and patient, but they’ve always taken the time to explain all my available options and make recommendation that would help me best attain my goals. I would recommend F1RST CHO1CE to anyone looking to plan for their future.”


Wilfido Rodriguez, Brampton, Ontario


“My wife and I have been clients for several years now, and in that time, we’ve conducted numerous transactions with both Casey and Wayne from mortgage refinancing to life insurance to managing our investments. These individuals have demonstrated that they have superior knowledge of their respective products and are able to deliver them with exceptional customer service. I have found that this combination is a rarity these days, and as such, I whole heartedly recommend their service to both friends and family with confidence.”


Clifton Sookdeo & Shelly Sharma, Caledon, Ontario




1.  Why use a mortgage advisor/consultant as opposed to your bank?

2.  Are there any fees involved with a mortgage advisor/consultant?

3.  I have a mortgage maturing in the next year – what should I do?

4.  What is meant by mortgage insurance premium?

5.  What is a conventional mortgage?

6.  What is a high-ratio mortgage?

7.  What documents are required to obtain a mortgage?

8.  What can I use for a down payment?

9.  How does the first time Home Buyer’s Plan (HBP) work?

10.  Is there such a thing as 100% financing?

11.  How will a bankruptcy impact my ability to qualify for a mortgage?


Q – Why use a mortgage advisor/consultant as opposed to your bank?

A - When dealing with one individual bank/lender, you are limited to the product offerings of this particular institution, which may translate into you missing out on a far superior option available via a mortgage consultant who has access to a variety of lenders and their products. Unfortunately your bank will not advise you of this as they are also competing for your mortgage business. Don’t forget, that at the end of the day the bank has certain quotas to fill in order to satisfy their shareholders and the appreciation of their investment (stock price). The more they are able to charge the client (with a higher rate in this case, or limiting prepayment privileges), the higher their bonus and the higher the stock price at the end of the day. Don’t forget that many of the traditional banks that you find on corner streets, have extremely high overhead costs that they need to account for, which at the end of the day translates into higher charges to the client.

The difference with dealing with a mortgage advisor is that and advisor immediately has access to the entire market of products and depending on their financial background, they can also assist you in designing a mortgage that fits your overall financial needs. The beauty of this service is that it usually comes at no cost to the client, since mortgage advisors will be compensated from the lender upon the funding of your mortgage. As mortgage advisors, we are compensated on the length of your term as well as the size of the mortgage. The longer the term and the higher the mortgage amount, the higher the compensation. Two aspects of the mortgage that the client has full control of at the end of the day.

In addition to having access to the traditional lenders and their wholesale divisions, mortgage advisors are also able to place mortgage financing for individuals who may have bruised credit, poor job stability or minimal down payment and whereby the file does not fit the typical A-type lending scenario.

Q – Are there any fees involved with a mortgage advisor/consultant?

A – In most instances, there are no fees involved as the advisor is compensated from the lending institution.  There is the odd occasion where a client has bruised credit, poor job stability or minimal down payment and whereby the file doesn’t fit the typical A-type lending. In the instance where this type of mortgage becomes difficult to place, a fee for service (broker fee) may be charged. This fee will be disclosed up front, so if you are not satisfied with this amount, you do not have to proceed with the transaction. Always ask for this to be disclosed up front, so you know what you are dealing with.

Q – I have a mortgage maturing in the next year – what should I do?

A – Your existing lender will most likely contact you with less than 30 days remaining prior to the renewal and provide you with a few standard quotes to select from. Believe it or not, close to 50% of clients will select this offer, which in many cases is at posted rates. It used to be as high as 70% in the late 90′s, but thanks to the internet and to mortgage brokers communicating the message, the consumer has been able to save on their renewals.

We here at F1RST CHO1CE have developed a Mortgage Tracking Program that alerts us of not only your upcoming renewal date (6 months in advance), but also alerts us of any potential refinancing opportunities that will provide clients with a cash flow positive scenario. If you would like us to monitor your mortgage(s) for you then please click here to fill out the necessary details we require surrounding your mortgage(s). One of our mortgage advisors will contact you to make sure that all the information has been captured accurately.

Q – What is meant by mortgage insurance premium?

A – The mortgage insurance premium or mortgage loan insurance as it is better known is provided by Canada Mortgage and Housing Corporation (CMHC), a crown corporation, and Genworth Financial, an approved private corporation.  In general, this insurance is required by law to ensure lenders against defaults on mortgages with a loan to value ratio of more than 80%. Click Here for an update of current insurance premiums that are being charged for each 5% increase in ones down payment between 100% and 80%.  Keep in mind the Mortgage Loan Insurance is not the same as Mortgage Life Insurance.


At F1RST CHO1CE Mortgage Solutions we’re passionate about sharing our knowledge, experience and unbiased opinions with borrowers who are looking for a trusted advisor to help them with their financing options.

ANY QUESTIONS?…Contact a Mortgage Advisor today!