2504551 Ontario LTD o/a Mortgage Accomplished ® ,  FSCO Brokerage License # 12783

​3601 Victoria Park Avenue, Unit 304, Scarborough, ON

​Phone : (647)505-1957, email : mortgageaccomplished1@outlook.com

                                                 





​                                          Do You Know the Risks? 
You may be able to afford a mortgage now, but your financial situation can change. Financial setbacks can happen at any time— not just when the economy is weak. Consider how you would manage if your income fell, your expenses rose and/or your mortgage payments increased.

Your income could fall and/or your expenses could rise if you:
start a family, change careers/return to school
assume caregiver responsibilities
have an income based on sales commissions,

tips, bonuses or other incentives, lose your job(s)
get into debt, become ill or disabled, or get injured
run into business or legal problems
get divorced or separated
lose a spouse, partner or family member


Depending on the type of mortgage you have, your payments could also increase if your interest rate rises, or if you have to renew your mortgage at a significantly higher interest rate.


                    Are You Using the Services of a Mortgage Brokerage, Broker or Agent? 


If you plan to use the services of a mortgage brokerage, broker or agent, make sure the individual(s) and business are licensed with the Financial Services Commission of Ontario (FSCO)— the government agency responsible for overseeing the mortgage brokering industry in Ontario. To check if an individual or business is licensed to deal or trade in mortgages in Ontario, visit the Mortgage Brokerages, Administrators, Mortgage Agents, and Mortgage Brokers Licensed in Ontario page of FSCO’s website. 

In Ontario, mortgage brokerages, brokers and agents are required to disclose to you the material risks of your mortgage in writing and in plain language. You are also entitled to have at least two business days to review a mortgage disclosure statement before you sign a mortgage agreement with a mortgage brokerage, broker or agent, or before you make a payment under a mortgage, whichever is earlier. 
 
Under the Mortgage Brokerages, Lenders and Administrators Act, 2006, this disclosure requirement does not apply if you consent in writing to waive it before you enter into a mortgage agreement or make a mortgage payment.