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Invest, Mortgage, Insure
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Find the home loan that works for you
Helping people with their home mortgages and lending needs is what we do. We work closely with you to determine your exact needs to help provide you with the personalized financing you need.
First Time Buyers
Buying your first home is an exciting time. Let us help you chose the right loan with the best terms.
Mortgage Renewals
Mortgage renewal fast approaching? Now is a great time to look at the many excellent options available.
Mortgage Refinancing
Take advantage of historic low rates and start saving more of your hard-earned money each and every month.
Debt Consolidation
Are you held back by high-interest rate debt? Get debt-free sooner, consolidate into one lower interest rate.
WHY CHOOSE US
Our Lending Advantages
25+
Years Of Experience
98%
Would Recommend Us
100%
Fast Lending Approvals
100%
Better Rates
The Easy Lending Process
Step 1: Contact Us
Contact Streiling Financial Group through email, phone or SMS.
Step 2: Analyze
What are you looking to do?
Step 3: verify Details and Sign
We will go over the documents for final approval.
Step 4: Funding
The final step of our lending process.
About Us
Working For You, Not The Banks
Markets Served: All across Canada
Hans has over 20 years experience in the financial sector. He is passionate about helping people save money! Let Hans and his team show you how you can save money on your mortgage and insurances!
Trending Industry Updates
As of February 11, 2023
OUR TEAM
Our Staff Profiles
Hans Streiling
Owner & CEO , Mortgage License / LLQP
Colleen Wong
Mortgage Broker
Meghan Ness
Mortgage Broker , Mortgage License
Ashley Crowhurs
Mortgage Broker
Prab Dhaliwal
Mortgage Broker
Sunita Sharma
Harminder Singh
Mortgage Broker
Jinder Kaur
Insurance Advisor , Life Insurance (LLQP)
Here Are Some of Our Frequently Asked Questions:
How much can I afford to pay for a home?
To determine 'affordability' you will first need to know your taxable income along with the amount of any debt outstanding and the monthly payments. Assuming it is your principal residence you are purchasing, calculate 32% of your income for use toward a mortgage payment, property taxes and heating costs. If applicable, half of the estimated monthly condominium maintenance fees will also be included in this calculation. Second, calculate 40% of your taxable income and deduct all of your monthly debt payments, including car loans, credit cards, lines of credit payments. The lesser of the first or second calculation will be used to help determine how much of your income may be used towards housing related payments, including your mortgage payment. These calculations are based on lenders' usual guidelines. In addition to considering what the ratios say you can afford, make sure you calculate how much you think you can afford. If the payment amount you are comfortable with is less than 32% of your income you may want to settle for the lower amount rather than stretch yourself financially. Make sure you don't leave yourself house poor. Structure your payments so that you can still afford simple luxuries.
What is a home inspection and should I have one done?
A home inspection is a visual examination of the property to determine the overall condition of the home. In the process, the inspector should be checking all major components (roofs, ceilings, walls, floors, foundations, crawl spaces, attics, retaining walls, etc.) and systems (electrical, heating, plumbing, drainage, exterior weather proofing, etc.). The results of the inspection should be provided to the purchaser in written form, in detail, generally within 24 hours of the inspection. A pre-purchase home inspection can add peace of mind and make a difficult decision much easier. It may indicate that the home needs major structural repairs which can be factored into your buying decision. A home inspection helps remove a number of unknowns and increases the likelihood of a successful purchase.
What Is the minimum down payment needed for a home?
A minimum down payment of 5% is required to purchase a home, subject to certain maximum price restrictions. In addition to the down payment, you must also be able to show that you can cover the applicable closing costs (i.e. legal fees and disbursements, appraisal fees and a survey certificate, where applicable). Regardless of the amount of your down payment, at least 5% of it must be from your own cash resources or a gift from a family member. It cannot be borrowed. Lenders will generally accept a gift from a family member as an acceptable down payment provided a letter stating it is a true gift, not a loan, is signed by the donor. Where the mortgage loan insurance is provided by Canada Mortgage and Housing Corporation (CMHC), the gift money must be in the your possession before the application is sent in to CMHC for approval. Mortgages with less than 20% down must have mortgage loan insurance provided by either CMHC or GE.
What is mortgage loan insurance?
Mortgage loan insurance is insurance provided by Canada Mortgage and Housing Corporation (CMHC), a crown corporation, and GE Capital Mortgage Insurance Company, an approved private corporation. This insurance is required by law to insure lenders against default on mortgages with a loan to value ratio greater than 80%. The insurance premiums, ranging from .50% to 3.75%, are paid by the borrower and can be added directly onto the mortgage amount. This is not the same as mortgage life insurance.
What is a conventional mortgage?
A conventional mortgage is usually one where the down payment is equal to 20% or more of the purchase price, a loan to value of or less than 80%, and does not normally require mortgage loan insurance.
Here's what our clients have to say about us:
"Hans and his team are hardworking and knowledgeable, it was such a pleasure working with Hans, he helped me secure a really competitive rate, highly recommended!"
-Jo Li
"These Guys were absolutely incredible. I have never had such great service before. Hans took care of me right from the beginning. He was very knowledgeable and respectful. I would recommend this company to all my friends and my own clients. 5 stars for sure, thank you for your hard work."
-Northern Lights Decor Lighting
"Hans and his team were fantastic to work with on multiple services. Very professional, attentive and knows his stuff! I will be working with them again soon in other financial transactions! 10/10, highly recommend!"
-Kevin Luck
Office:
102-6321 King George Blvd
Surrey, BC
V3X 1G1
Call: 604-621-7434
Email: Admin@sf-g.ca
Site: www.sfg.medi8systems.com
