Road to your
Home starts
Home starts
Katerina Markevich
Mortgage Agent Level 2 (Lic#M13002098)
Mortgage Agent Level 2 (Lic#M13002098)
own
here
647.244.1371
Broker Agency
Inna Bogdanov
Mortgage Broker (Lic#M13002074)
Mortgage Broker (Lic#M13002074)
416.268.0004
on behalf of Mortgage Edge. Licence#10680
Our Lenders
IK Financial as Mortgage Agency represents over 30 lenders around Canada, just to make sure that you are getting the best offer possible.
Road to your own Home starts here.
Let's Take This Journey Together!
Let's Take This Journey Together!
Step 1. Discovery interview
When contacting IK Financial for the first time, we will have our Introductory Telephone Interview. Our Mortgage Agents will learn Your needs and of course answer all Your questions. After we will send You an email with the required list of documents. This information will help us identify Your eligibility for a mortgage and choose the right lender and product.
Step 2. Pre-Approval application
Do not worry, at this stage we are not applying for a mortgage yet. After carefully going through Your documentation we will be able to find a lender and conditions that would suit Your needs. We do all the math and come with all the numbers for You.
Step 3. Live Approval and bank application
When You find a property to purchase, we will require an MLS listing and Purchase agreement. It is time for You to wait while we will do all the behind the scenes work. We are going to submit an application to the bank and provide You with a commitment letter.
Step 4. Enjoy your New Home
Congratulations! On the closing day You Get your Keys. We are glad You achieved Your milestone with IK Financial, and we are looking forward to seeing you again!
Frequently Asked Questions
Frequently Asked Questions
IK Financial is a mortgage agency founded in 2010 by licensed mortgage agents Inna Bogdanov and Katerina Markevich. With a strong network of lending partners, IK Financial's main focus is to find the best lending opportunity in the home-finance market. IK Financial strives to bring all the latest technologies into daily practices with a client experience and data security in mind.
We have strong and experienced mortgage underwriters team behind the scenes. They evaluate, analyze, and prepare your file for successful fundings. Our key to success is the personal involvement of Inna and Katerina in every home-finance transaction. You can learn more about the IK Financial team on our "Our Team" page.
We have strong and experienced mortgage underwriters team behind the scenes. They evaluate, analyze, and prepare your file for successful fundings. Our key to success is the personal involvement of Inna and Katerina in every home-finance transaction. You can learn more about the IK Financial team on our "Our Team" page.
The type of mortgage product that is right for a person will depend on their individual circumstances, such as their financial situation, credit score, and the type of property they are purchasing. Some common factors that can affect a person's mortgage options include the size of their down payment, the loan-to-value ratio, and their ability to qualify for certain types of loans. IK Financial team is here to help evaluate your options and choose a mortgage product that is right for you.
Book your complimentary consultation to speak with our licensed mortgage agent.
Book your complimentary consultation to speak with our licensed mortgage agent.
While it is recommended to have at least 20% down to avoid Mortgage Default Insurance, you still can purchase your investment with less than 20% down payment.
So, what down payment should you have then? Here is a break down:
*Example: If the property price is $750,000, the minimum down payment would be $25,000 (5% from first $500,000) + $25,000 (10% from the difference $750,000-$500,000=$250,000) Total downpayment is $50,000.
So, what down payment should you have then? Here is a break down:
- For homes $500,000 or less, a 5% down payment is required;
- For homes $500,000 or less than 1 mil., you'll need to put 5% down for the first $500,000 and 10% for the remaining purchase price;
- And finally homes that are 1 mil. or more require a 20% down payment and are not eligible for mortgage loan insurance.
*Example: If the property price is $750,000, the minimum down payment would be $25,000 (5% from first $500,000) + $25,000 (10% from the difference $750,000-$500,000=$250,000) Total downpayment is $50,000.
For over 20 years in the mortgage industry, we have seen a lot, and our experience and access to various landers open up great opportunities for everyone, whether you are employed, self-employed or incorporated.
The main difference between A and B banks, credit unions, and private lenders is the type of financial institution they are.
- A and B banks are traditional financial institutions that are regulated by the government and offer a range of financial products and services, including checking and savings accounts, loans, and investment options;
- Credit unions are non-profit financial institutions that are owned and controlled by their members, and they typically offer similar products and services as banks but may have different fees and eligibility requirements;
- Private lenders are individuals or companies that provide loans or financing to borrowers, often with different terms and interest rates than banks and credit unions.
IK Financial is a mortgage agency founded in 2010 by licensed mortgage agents Inna Bogdanov and Katerina Markevich. With a strong network of lending partners, IK Financial's main focus is to find the best lending opportunity in the home-finance market. IK Financial strives to bring all the latest technologies into daily practices with a client experience and data security in mind. We have strong and experienced mortgage underwriters team behind the scenes. They evaluate, analyze, and prepare your file for successful fundings. Our key to success is the personal involvement of Inna and Katerina in every home-finance transaction. You can learn more about the IK Financial team on our "Our Team" page.
The type of mortgage product that is right for a person will depend on their individual circumstances, such as their financial situation, credit score, and the type of property they are purchasing. Some common factors that can affect a person's mortgage options include the size of their down payment, the loan-to-value ratio, and their ability to qualify for certain types of loans. IK Financial team is here to help evaluate your options and choose a mortgage product that is right for you.
Book your complimentary consultation to speak with our licensed mortgage agent.
Book your complimentary consultation to speak with our licensed mortgage agent.
While it is recommended to have at least 20% down to avoid Mortgage Default Insurance, you still can purchase your investment with less than 20% down payment.
So, what down payment should you have then? Here is a break down:
*Example: If the property price is $750,000, the minimum down payment would be $25,000 (5% from first $500,000) + $25,000 (10% from the difference $750,000-$500,000=$250,000) Total downpayment is $50,000.
So, what down payment should you have then? Here is a break down:
- For homes $500,000 or less, a 5% down payment is required;
- For homes $500,000 or less than 1 mil., you'll need to put 5% down for the first $500,000 and 10% for the remaining purchase price;
- And finally homes that are 1 mil. or more require a 20% down payment and are not eligible for mortgage loan insurance.
*Example: If the property price is $750,000, the minimum down payment would be $25,000 (5% from first $500,000) + $25,000 (10% from the difference $750,000-$500,000=$250,000) Total downpayment is $50,000.
For over 20 years in the mortgage industry, we have seen a lot, and our experience and access to various landers open up great opportunities for everyone, whether you are employed, self-employed or incorporated.
The main difference between A and B banks, credit unions, and private lenders is the type of financial institution they are.
- A and B banks are traditional financial institutions that are regulated by the government and offer a range of financial products and services, including checking and savings accounts, loans, and investment options;
- Credit unions are non-profit financial institutions that are owned and controlled by their members, and they typically offer similar products and services as banks but may have different fees and eligibility requirements;
- Private lenders are individuals or companies that provide loans or financing to borrowers, often with different terms and interest rates than banks and credit unions.
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Newsletter
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Canada's Anti-Spam Legislation is effective as of July 1, 2014. Under this legislation, IK Financial is required to obtain your consent in order to send you communications about the latest mortgage news, events, products, and services. Know more
NEWSLETTER
Subscribe to our email newsletter for useful tips and valuable resources, sent out every month.
Canada's Anti-Spam Legislation is effective as of July 1, 2014. Under this legislation, IK Financial is required to obtain your consent in order to send you communications about the latest mortgage news, events, products, and services. Know more
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