Mon - Sat: 9:00am - 5:00pm
Sunday Closed
80 Corporate Drive Suite 307
Scarborough, ON M1H 3G5
(401 and McCowan)
416-298-1700
info@smi4loan.com
  • First Time Buyers

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    probably have lots of questions. Hopefully we can
    provide some answers to those questions regarding
    mortgages. If yor require further assistance please
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Welcome to Standard Mortgages Inc.

Mortgage Agents are independent mortgage consultants. Our main goal is to provide you with the best possible mortgage package that is suited to your specific needs. We are not affiliated with any one lender, therefore, there is no bias. We give you the options and you decide which is the appropriate package for you. This guarantees that you will get the best interest rate and options such as flexible payment schedules and prepayment terms based on your particular situation.

Let us have Canada's leading lenders compete for your business. Whether your credit is good or slow we have the lender to suit your needs. Best of all there is no cost to you (oac)!

Mortgage Tip of the Day

The way most lenders look at how much you can be approved for is by looking at your Gross Debt Service Ratio (GDS) and your Total Debt Service Ratio (TDS).

The GDS is the maximum percentage of your gross income that is allocated to paying the costs of carrying your home. This ratio includes your principal and interest mortgage payment, property taxes, heating and/or condo fees. To qualify your monthly carrying costs cannot exceed 32% of your gross monthly income.

The TDS is the maximum percentage of your gross income that can be used to pay your GDS plus all other debts. This ratio includes everything from the GDS as well as any other loans, credit cards or lines of credit. To qualify it cannot exceed 40% of your gross monthly income.

Mortgage Calculator

Please input the information below and click on "Calculate Payment" to find out your approximate mortgage payments. Do note that the information shown below is an approximation only.


Amortization (Yrs)
Term (Yrs)
Yearly Interest Rate (%)
Purchase Price / House Value($)
Down Payment / Equity(%)
Down Payment Required ($)
Mortgage Amount ($)
Monthly Payment ($) (Canadian)
Still Owing at End of Term ($)