Get Your Home Mortgage Loans Here with Hercules

“At Hercules Team Investment, we understand that buying a home is one of the most important financial decisions you’ll make. That’s why we’re committed to making your home purchase mortgage experience as smooth and stress-free as possible. Our team provides personalized guidance, a wide range of financing options, and support every step of the way.”

Take the First Step Toward Owning Your Dream Home

Finding the right home is just the beginning. Choosing the best home purchase mortgage can make the difference between financial comfort and unnecessary stress. At Hercules Team Investment, we work with trusted lending partners to provide tailored mortgage solutions that suit your goals and budget.

With years of experience in the mortgage and investment industry, Hercules Team Investment proudly serves clients across Ontario and Alberta. We collaborate with top lenders to offer a wide array of home purchase mortgage products—ensuring you receive not just any loan, but the right one for your needs.

The Hercules Advantage in Home Purchase Mortgages

Access to 40+

lenders across Canada

300+

mortgage options customized for homebuyers

Competitive rates

via volume discounts

Client-first

advice from independent experts

Solutions for all buyer types

—including self-employed, credit-challenged, and low-income clients

Customized Home Purchase Mortgage Options for Every Buyer

Fixed Rate Mortgages

Fixed rate mortgages provide security and predictability. Your interest rate stays the same throughout the term—typically 1 to 10 years—making it easier to plan your finances.

Benefits:

Rates start as low as 4.29% for 5-year terms. Your actual rate will depend on your credit profile, down payment, and other financial factors.

Adjustable Rate Mortgages (ARMs)

ARMs begin with a low fixed rate and adjust based on market trends after an initial period (3, 5, or 7 years). They’re ideal for buyers who plan to refinance or move before rate adjustments begin.

Benefits of ARMs:

Initial rates may be as low as 3.89%. We help assess whether this structure aligns with your long-term financial strategy.

Flexible Mortgage Programs for Unique Buyer Needs

We recognize that each homebuyer’s situation is unique. That’s why we offer flexible home purchase mortgage programs such as:

Low Down Payment Options

Buy a home with as little as 5% down, ideal for first-time buyers with limited savings.

Credit-Rebuilding Mortgages

If you have a less-than-perfect credit history, we offer solutions to help you qualify and improve your credit over time. 

Self-Employed Buyer Mortgages

Tailored for entrepreneurs and freelancers, these mortgages accommodate irregular income and alternative documentation.

Understanding Home Purchase Mortgage Costs

1. Mortgage Interest Rates

Your mortgage rate directly impacts your monthly payments and the total amount of interest you’ll pay over time. Key influencing factors include:

Credit Score
Down Payment Size
Term Length
Mortgage Type (Fixed, Variable, or ARM
Economic Conditions & Bank of Canada Trends

While mortgage rates have risen from historical lows, they remain moderate by long-term standards.

2. Closing Costs

Buyers should expect 1.5%–4% of the purchase price in one-time fees, including:

Lender origination fees
Legal fees
Property appraisal
Land transfer taxes
Title insurance
CMHC mortgage insurance (if down payment is under 20%)

3. Monitoring & Strategic Planning

In addition to your principal and interest, plan for these recurring expenses:

Property Taxes (0.5%–2.5% annually):
These vary by location and may be included in your monthly payment.
Home Insurance ($700–$1,200/year): Protects against fire, theft, weather damage, and liability.
Mortgage Insurance:
Required if your down payment is below 20%; cost is typically added to your monthly payment.
Maintenance & Repairs：

Usually 1%–3% of property value， includes regular upkeep and unexpected repairs like plumbing or appliance replacements.

4. Optional: Mortgage Points

Mortgage points are upfront fees you can pay to lower your interest rate.
Each point typically equals 1% of the loan amount.
One point often reduces the rate by around 0.25%.
Paying points is most beneficial if you plan to stay in the home long term.
Your decision should align with your financial goals and how long you intend to keep the mortgage.

The Home Purchase Mortgage Application Process

Our efficient process helps you move from pre-approval to closing with clarity:

①Pre-Approval (2–3 Days)

Determine your budget and strengthen your offer. Submit documents such as ID, income verification, and credit report.

②House Hunting

Use your pre-approval to search confidently within your price range, either independently or with a realtor.

③Full Mortgage Application (5–7 Days)

After your offer is accepted, submit complete documentation including property details and financials.

④Property Appraisal (3–5 Days)

After your offer is accepted, submit complete documentation including property details and financials.

⑤Final Approval & Rate Lock (1–2 Days)

Once conditions are satisfied, your rate is locked and final approval is granted.

⑥Closing Day

Finalize the purchase by signing documents, paying closing costs, and receiving your new keys.

FAQs – Home Purchase Mortgages

Which bank is best for a home purchase mortgage?  We compare over 40 lenders to find the most favorable offer for your financial situation.