Home Mortgages

First home? Fifth home? Dream Home!

Find the right home mortgage with Sherwood Mortgage Group.

Home Mortgages – When buying or refinancing a home, getting the right mortgage is so important to the long-term value of your important investment. Shaving a point (or 2 or 3 or 4…) adds up, and every payment you make will remind you of the good decision.
But we’re about more than just great rates – Sherwood Mortgage Group is here to provide great service, easy pre-approvals and all manner of home mortgage purchase advice.

Whether you’re buying your first home, moving across town, trading up, downsizing, or just renewing or refinancing, we won’t just find you a home mortgage… we’ll find you the right home mortgage.

And have a look at our powerful mortgage calculator to see how our great mortgage rates can help you save!


Experience counts. Especially when it comes to making a big decision like purchasing your first home. Sherwood Mortgage Group has that experience - our team has helped thousands of first time buyers - and are here to help you every step of the way.  

Pre-Approval Before you even consider buying your first home, the most important step you can take is to understand what you can afford. Lenders will pre-approve borrowers up to a maximum amount based on their assessment of your ability pay back the mortgage. Knowing how much lenders are prepared to loan you (and at what rate) allows you to shop with confidence for a property within the pre-approved range (plus the amount of the funds you have set aside for a down payment).

A Sherwood Mortgage Group representative can help you get pre-approvals from multiple lenders. Pre-approval does not oblige you to borrow from the pre-approving lender. We are free to shop the market for the best rate available once a firm deal is in hand.

The pre-approval process also allows us to understand whether there are any issues that can make financing a purchase more challenging, and to find appropriate solutions before a purchase is made.

Deposit Before shopping for a home, first time buyers should understand that they will need to have an amount of cash available for a deposit to be submitted with an offer to purchase. The deposit is only cashed in the event of an actual sale, but is intended to demonstrate to the person selling the property that your intent is serious. Your real estate agent can advise you on an appropriate value to offer on deposit and the circumstances under which you could forfeit your deposit.

Inspection Though not typically a significant expense (usually under $500), a home inspection is a strongly recommended step in any home purchase. Your real estate agent should ensure that any offer to purchase you submit is contingent upon an inspection of the property by a qualified professional. A qualified home inspector can assess the condition of the home and provide you with a report detailing areas that may require repair or attention. It is important to know these facts, in order to understand whether the property really is affordable.

Down Payment A down payment is the amount of cash a buyer will provide toward purchase. Added together with the amount provided by the lender, the house whole purchase price is met. A down payment for first time buyers in Ontario must be a minimum of 5% of the purchase price (e.g. $250,000 x 5% = $12,500).

Closing Costs First time buyers should also understand what other costs they will incur when buying a home as these can be quite significant. These may include:

  • Land transfer taxes
  • Title insurance
  • Home insurance
  • Lawyer's fees
  • Moving costs
  • Incidentals

An educated estimate of these costs will help you understand what funds you will actually need to complete your purchase. Either deduct the amount from your cash available for down payment, or plan to put aside the amount prior to the closing date (the date on which you take possession of the property).

Beyond Possession Purchasing a home is often just the beginning of the costs you should anticipate. Beyond mortgage payments, there are property taxes and usually lots of maintenance costs (unless you are part of a condominium corporation, in which case there are maintenance fees). And it is rare to purchase a home that you will not want to make some changes to. Even paint costs money, so plan ahead to have some funds available to make your new house your home.


At Sherwood Mortgage Group we help our customers make the most of their ownership experiences with great rates and all-star service that can result in substantial savings. 


Is your mortgage coming up for renewal? Want to make sure you have the best rate and most favourable terms available? Sherwood Mortgage Group can provide a single point of access to the best rates from our diverse group of lenders. We work with many lenders, both institutional and private, to provide the broadest range of options for you. We also have access to unpublished rates available exclusively to select mortgage professionals.

Sherwood makes it easy to shop for the best rate.

And, in most cases, there is no charge to our customers for our service.


There are times when interest rates have dropped enough to make it worth your while to switch to a new mortgage even before your renewal date. There is a penalty to be released from your current mortgage so the rate differential needs to be significant before this option makes sense, but a Sherwood representative can help you determine what's best in your situation.

Best Rates.

Switches often involve changing lenders to get the best rate and terms. Sherwood helps by consulting with a wide variety of lenders on your behalf and presenting you with a number of options.

Switching has no negative impact on your equity or your credit. Switches are exact dollar for dollar payouts, providing your current lender with all outstanding principal and simply creating a new mortgage in that amount.


In some cases, securing full funding for the purchase of a property can be challenging. A second mortgage can be the answer. These additional funds can enable you to close the deal on your property!

Great Lenders.

Sherwood Mortgage Group's network of lenders includes both institutional and private lenders. With many of these we have established strong, long-term relationships. As a result, we can often arrange second mortgages at rates more favourable than may otherwise be available.

Ask up front.

The best opportunity to secure good terms is prior to purchase. If you're in the market, it's always best to talk to a Sherwood representative before you buy.


Your home is likely your most valuable asset, particularly if you have built up equity by paying down your mortgage over time. You can borrow against that equity, if needed, in order to finance other goals that require substantial cash investments - e.g. renovations, purchasing a business, buying a cottage, etc.

As with any type of mortgage, Sherwood can help make it easier to get the most favourable rate and terms. Our network of lenders means you only have to apply once to receive multiple loan offers. In many cases we are able to secure exclusive, unpublished rates on behalf of our clients.

The equity in your home can finance your dreams and Sherwood can make it convenient, easy and fast. And, of course, as with all of our services, in most situations there is no cost to the borrower.

Understanding How A Mortgage Broker Is Paid.

Typically, our services are provided at no charge to the purchaser as we are paid by the lender for most residential purchases. This does not mean that you pay a higher rate to the lender. In fact, part of our role is to ensure you get the best possible interest rate and most favourable term. In certain circumstances, such as when purchasing a commercial property or financing privately, Sherwood does charge a fee, all of which is disclosed at the time we become your mortgage broker.

Our Happy Clients

I found Sydney online through the Sherwood website and read a very nice review about her. I am so glad I chose her to become my mortgage broker! From start to finish, Sydney was very professional, helpful and empathetic. She was sensitive to my particular situation and made me feel comfortable throughout the stressful process. Sydney answered all of my questions and was readily available for me. She is a very warm and positive person, which makes her a one-of-a-kind broker. Finally, her field knowledge and experience is palpable which encouraged me to trust her from the start. Don’t look any further, choose Sydney like I did; you’ll be pleased you did. Best regards

A huge THANK YOU to Anthony Contento who made the impossible happen for my difficult situation. He was able to complete the financing process in a quick time frame with efficiency and the utmost in professionalism. Anthony’s tenacity and expert guidance was invaluable at this stressful time for me and I am truly grateful for his assistance. An overall excellent experience. I would highly recommend Anthony to anyone I know!

Hi Sydney, I wanted to send you a message to say thank you. This has been one of the most difficult processes I have ever been through. You, however, made it easier. Whenever I started to doubt my abilities or the possibility of making my dream a reality, you convinced me it could and would happen. I want to thank you for everything you did, for fighting for me and being my voice in this process. I finally have a bedroom and a bed again. I'm not sleeping on the couch anymore. My kids are happier and so am I. I thank you and I really hope we can keep in touch. It was so nice to meet you and you are an amazing woman.

A huge THANK YOU to Anthony Contento who made the impossible happen for my difficult situation. He was able to complete the financing process in a quick time frame with efficiency and the utmost in professionalism. Anthony’s tenacity and expert guidance was invaluable at this stressful time for me and I am truly grateful for his assistance. An overall excellent experience. I would highly recommend Anthony to anyone I know!

We got referred to Walter through our realtor after having a poor experience with another mortgage broker. Walter was amazingly helpful! His responses were extremely timely and we never had to chase him to get anything. Being first time home buyers, Walter went above and beyond to remove any concerns we had about the mortgage and walked us through each step of it to ensure that all of our concerns were cleared up. He went out and found the best rate for us and laid out various options that can help us save money. I would (and have already) recommended Walter to a few different friends/family members who are looking for a reliable and efficient mortgage broker! We ran into a situation where we ended up having to close on a house while Walter was on vacation. He had let us know ahead of time that he would be taking that vacation so it didn’t come as a surprise to us. But what was a very pleasant surprise, was how well he had prepared for that scenario in getting all the paperwork completed ahead of time, and following up while on vacation to ensure that everything went smoothly. I remember thinking to myself at that time – if he can get this done while on a beach in Cuba, just imagine what he could’ve done while being here. Simply amazed by his level of service!

My husband and I switched mortgage brokers to work with Walter for the purchase of our second home. We are so happy we did. Walter was so thorough in making sure he had what the lenders wanted, that it made the process of getting our mortgage approved so much easier and quicker when the time came. He was so accommodating to our needs during the lending process that it really made a stressful situation pleasant. Walter answered all of our questions was and always available when we needed to ask something. I would definitely recommend Walter to my family and friends if they are ever in the market for a mortgage broker.

OMG you are amazing!!!!! I think I'm going to frame that email. This is the first time in weeks that I've gotten good news. Thank you Thank you and Thank you!!! Will be giving glowing recommendations to everyone about you.

ou did what you said you would do, helped me out in a major crisis and were extremely professional throughout my five day crisis. I thank you very much for your help and experienced guidance. Sherwood Team - pulled off the impossible!

Sherwood Mortgage Group is lucky! We have great customers, many of whom write to us after the fact, and we always appreciate the feedback. Even if someone has something negative to express, we value the input because it helps us build a better business for tomorrow. Take your time to read through some of our customer testimonials, and if you like, submit comments of your own - we might even post them here!

Marlen, I wanted to tell you that we are very thankful for EVERYTHING that you did for us to get our home. We finished off loading the truck by 9 last night and had an amazing night sleep in once again our home. All this was possible through you. Thank you a million. Have a great day.

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