I’ve been licensed in Ontario mortgages since October 2002. I work from the Dominion Lending Centres Edge Financial office at 30 Eglinton Ave W, Suite 201, near Hurontario and Eglinton, and I see clients in English, Urdu and Punjabi. Most of my background is in commercial lending, and it affects how I handle residential files too.

What a lender looks at

A standard purchase with a salaried borrower is approved against a checklist. A lot of the files I take on don’t fit one. An apartment building is approved on its net operating income and debt coverage. A self-employed borrower is assessed on how the business earns, and the figure a bank takes from a tax return often understates that. Churches, long-term care homes and motels are special-purpose properties, so fewer lenders will look at them, and the ones that do look closely. I go through the numbers the way an underwriter would before anything is sent, so the file goes to a lender that suits it and the weak spots have already been explained.

What I work on

  • Multifamily properties of five units and up: purchase, refinance and construction
  • Places of worship, long-term care and retirement homes, hotels and motels, industrial and mixed-use buildings
  • Raw land, hobby farms and working farms
  • Self-employed borrowers, and private first and second mortgages when timing or credit rules out a bank
  • Purchases, renewals and refinances for salaried clients

Most of my clients are in Mississauga, Brampton, Oakville, Milton, Burlington and Toronto. Commercial and land files can be anywhere in Ontario.

How it works

The first conversation is about numbers: your income, the property and what you want to do. I’ll tell you where the file is strong and where a lender is likely to push back, then take it to lenders that do this kind of financing. Rates, terms and approval depend on the borrower, the property and the lender, and every application is subject to lender approval.

You can start with the residential enquiry or the commercial enquiry, call me at 416-721-3080, email fmalik@dominionlending.ca, or book a time to meet at the office.

Faisal Malik | Mortgage Agent Level 2
Dominion Lending Centres Edge Financial | Brokerage Licence #10710
Mortgage Agent Licence #M11000317
Independently Owned & Operated
Website: https://faisalmalik.ca/