Turning Dreams into Homes

Residential Mortgage Services

Let’s get you home.

Securing a mortgage can be a tedious and confusing journey. That’s why you need someone who is ready to guide you along the way until you reach your end goal.

Gerald Li brings patience, attentiveness and responsiveness to his work as a mortgage broker with a level of care that goes well beyond the typical client/agent relationship.

Gerald is a professional through and through. He’s the real deal, bringing honesty, humour and empathy to all his connections - whether that be clients, colleagues or strategic partners.

In his spare time, you can find Gerald hanging out with his family, trying out new dishes, being often absent from the Jiujitsu mats, suffering through Yoga lessons and pretending to golf.

Services

  • First-Time Homebuyer

  • Refinance

  • Alternative Lending

  • Mortgage Renewal

Frequently Asked Questions

  • There is no direct fee charged from the client by the mortgage broker, unless they are exploring specialized lending options.

  • The first step is setting up a consultation with your mortgage broker. Once they collect and review the documentation, an estimated pre-approval amount can be determined.

  • The main difference between a variable and fixed mortgage lies in how the interest rate is determined and how it affects your monthly payments.

    Here's a breakdown:

    Fixed-Rate Mortgage

    Interest Rate: The interest rate is locked in for the entire term of your mortgage (e.g., 3 years, 5 years). This means your interest rate, and consequently your monthly payment amount, will remain the same throughout the term, regardless of fluctuations in the market interest rates.

    Benefits:
    Predictability: Provides stability and peace of mind. You know exactly how much your mortgage payment will be every month, making it easier to budget.

    Protection from Rising Rates: If interest rates rise, you're protected from paying a higher amount since your rate is locked in.

    Drawbacks:
    Limited Flexibility: If interest rates fall significantly during your term, you won't benefit from the lower rates unless you refinance your mortgage (which could come with additional fees).

    Variable-Rate Mortgage

    Interest Rate: The interest rate is tied to a benchmark rate (usually the prime rate set by the Bank of Canada). This means your interest rate can fluctuate up or down based on changes in the prime rate.

    Benefits:

    Potential to Benefit from Falling Rates: If interest rates fall, you can enjoy lower monthly payments.

    Drawbacks:
    Uncertainty: Even though your monthly payment is fixed; if you are hit by the trigger rate due to increased interest rate, the lender can request an increase in your monthly payment.

  • Short answer: No. But this depends on the specific terms and conditions as well - it is best to speak to a licensed mortgage broker to best understand the current market conditions and what it all means for your home purchase.

  • Bun Rieu Phuong Nam and Trung Nguyen Cafe!

Testimonials

  • I highly recommend Gerald for all your mortgage needs. I have worked with many mortgage brokers being in the industry and hands down, Gerald is one of the best. He's honest, works hard for his clients and is dedicated to providing the best service. I trust his expertise and have recommended him to many of my clients, friends and family with success. Gerald is always prompt to answering my questions and providing help when needed. If you're in the market for a mortgage, you'd want to give him a call!

    David Tang

  • I had a fantastic experience with Gerald Li as my mortgage broker. His professionalism and responsiveness were outstanding. He patiently answered all my questions and secured a great mortgage rate for me. I was impressed by his expertise and dedication throughout the process. I highly recommend Gerald Li for anyone in need of a reliable and knowledgeable mortgage broker.

    Sunny Leung

  • I highly recommend Gerald Li and his team for their exceptional support during my first home buying experience. Gerald's patience, extensive knowledge, and professionalism were evident as he explained and compared various mortgage products. His team's efficiency in securing approvals and delivering timely updates was truly impressive. Overall, my experience has been fantastic, and I'd recommend Gerald to anyone seeking mortgage guidance.

    Plutus Mo

  • Working with Gerald was a game-changer in my home buying journey. Not only was he prompt in his responses, but he also took the time to thoroughly explain each step of the mortgage process, ensuring I understood terms, rates, and potential pitfalls. He armed me with knowledge, making complex decisions simpler and more transparent. If you're looking for someone to guide you with clarity through the maze of mortgage details, he's your go-to expert. Highly recommended!

    Herman Kwok

  • Gerald is someone who goes above and beyond for his clients. He has the ability to create a seamless process and ensures that his clients are provided the necessary details to make informed decisions. I would not hesitate to recommend him as a mortgage broker.

    Jeremy Leung

Mortgage Calculator

Wondering what fits your budget? Give our mortgage calculator a try for loan and payment insights.

Mortgage Calculator

Let’s get you home.
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