Book an appointment today for a FREE consultation.!
Mortgages with Steve Beecroft
The best choice for your mortgage needs.
Professional, Reliable and Caring service.
This guy delivered! Got me what I needed, when I needed it. Didn't crumble under pressure, and kept me in the loop every step of the way!
A. Johnson
London, On.
We were so happy with our experience! Steve was super helpful and on top of everything! He had his work cut out for him this time, but went above and beyond for us. Thanks Steve! We'll be back in 5 years!
R.&M. Armstrong
London, On.
I am so pleased that Steve found us the mortgage that makes sense and works for our family and in the budget we need. He was always available to answer all my questions or concerns even after we closed. He is a great resource!
D. Bell
Hamilton, On.
He really blew me away with his dedication and know-how.
What makes Steve stand out is his genuine care for his clients. His proactive attitude and eye for detail made the whole process seamless.
I wouldn't hesitate to recommend Steve to anyone looking for a top-notch mortgage broker.
D. Blondeau
London, On.
Steve was knowledgeable, helpful, hard-working, dedicated and available whenever we needed him. We could not, I can not overstate this, we could NOT have done this without him and we're so fortunate that he was able to help us. He's excellent and if you're reading this and considering anyone else, you're stupid. Go with Steve. Don't be stupid.
N. Austin
St Thomas, On.
His attention to detail, positive attitude and perseverance made this whole experience a pleasant one. We ran into a few challenges along the way but he effortlessly handled them and paired me up with the best bank rate I could get. If you are looking for mortgage broker who will fight for you he’s your guy.
R. Atkins
Hamilton On
Proud To Be Part of Canada’s Award Winning Leading Mortgage Brokerage, 8Twelve Mortgage
About Mortgages with Steve
Stephen Beecroft
Mortgage Agent Level 2
License # M21001810
Internal Team Lead
8Twelve Mortgage Co
55 Renfrew Dr. Markham,
Suite 201, ON L3R 8H3
Brokerage License # 13072
65+
Lenders I have direct access to in order to get you the best products and terms to suit your unique situation and needs.
500
(and growing)
The number of Agents on our Canada-wide Team. If I can't make your deal work, one of them can, guaranteed.
Experience You
Can Count On
I’ve been helping people understand their mortgage options for a few years and the most common thing I hear is: “I wish someone had just explained this to me sooner.”
That’s what I do. I walk you through the process in a way that’s clear, practical, and based on what actually benefits you, not just the lender.
I work with first-time buyers, homeowners looking to renew or refinance, self-employed clients, investors, and anyone who wants to use their mortgage as a financial tool instead of just another bill. I’ll show you the options, explain how each one affects your monthly payments and long-term equity, and help you choose the strategy that fits your life and goals.
My approach is simple:
- Be Direct.
- Do the Math.
- Make sure you understand every step before making a decision.
I’m not here to push products or give quick rate quotes. I’m here to help you feel confident and supported from the first conversation, to the day you get the keys (and beyond).
Services
First Time Home Buyers
Clear guidance from pre-qualification to keys in hand. I help you understand your numbers, options, and next steps with confidence.
Refinances
Restructure your mortgage to reduce interest, access equity, or consolidate debt. I help you choose the option that strengthens your overall financial position.
Switch / Port
Move your mortgage to a better rate or bring it with you when you buy. I handle the details to keep the process smooth and cost-effective.
Reverse Mortgages
Unlock home equity without selling. I help you understand costs, benefits, and how it can support retirement stability.
Commercial Mortgages
Financing for income properties and business growth. I structure lending that supports your cash flow and long-term plans.
Business for Self
Flexible mortgage options for entrepreneurs! I help present your income clearly so lenders see the full picture, not just your tax docs .
Frequently Asked
Questions.
Navigating the mortgage market can feel overwhelming, but it doesn't have to be. Below are honest, clear answers to the most common questions I hear from clients;whether you are buying your first home, renewing, or looking to consolidate debt.
Frequently Asked Questions
Why should I use a Mortgage Agent instead of going directly to my bank?
While a bank can only offer you their specific products, a licensed mortgage agent acts as an intermediary who has access to dozens of different lenders, including major banks, credit unions, and private lenders. This allows me to shop the market on your behalf, and often find the lowest interest rates as well as best terms for your specific situation. Additionally, my services are unbiased; my goal is to find the best mortgage for you, not the most profitable one for the bank.
Are there any fees for using your services as a mortgage agent? (What's it cost?)
For standard residential mortgages with "A-Lenders" (banks and prime lenders), my services are generally free to you. I am paid a finder's fee by the lender once the mortgage closes. Fees usually only apply in complex situations, such as commercial mortgages or private lending scenarios where the lender does not pay a commission. I believe in total transparency and will disclose any potential costs upfront before we proceed.
What is the difference between a Fixed-Rate and a Variable-Rate mortgage?
The cost of a remodeling project can vary significantly based on factors like the scope, materials used, and design choices. We offer personalized consultations to understand your vision and provide an accurate cost estimate tailored to your specific project requirements.
As a first time buyer, how much of a down payment do I need to buy my first home?
For most first-time home buyers, the minimum down payment required is generally 5% of the purchase price for the first $500,000. If the home costs more than $500,000, you will need 5% on the first $500k and 10% on the remainder (up to $1 million). However, putting down less than 20% requires mortgage default insurance (often called CMHC insurance). If you can put down 20% or more, you avoid this insurance premium.
I am self-employed. Is it harder for me to get a mortgage?
It is not necessarily harder, but the documentation required is different. Traditional banks often struggle to understand self-employed income because they look strictly at the bottom line of your tax returns. As a mortgage agent, I have access to "Stated Income" programs designed specifically for business owners. These programs look at your gross income, cash flow, and business viability rather than just your taxable net income.
Can I still qualify for a mortgage if I have a bad credit score or a consumer proposal?
Yes, getting a mortgage with bad credit or a history of consumer proposals is possible. While major banks may turn you away, I have access to "B-Lenders" and private lenders who specialize in helping clients with bruised credit. These lenders focus more on the equity in the property and your ability to repay rather than just your credit score. We can also build a plan to help you repair your credit to move back to a traditional lender in the future.
Should I just sign the renewal letter my current lender sent me?
You should never sign a mortgage renewal letter without a second opinion. Lenders often offer existing clients higher rates, banking on the fact that you won't shop around. By consulting with me 4 to 6 months before your term expires, we can compare your renewal offer against the open market. In many cases, I can switch you to a new lender with a lower interest rate at no cost to you, saving you thousands over the life of your mortgage.
What is the "Stress Test" and how does it affect my buying power?
The mortgage stress test is a federal regulation requiring borrowers to prove they can afford their mortgage payments if interest rates were to rise. You must qualify at a rate that is typically 2% higher than your actual contract rate (or the benchmark rate, whichever is higher). This reduces your maximum purchasing power, but as your agent, I can help you strategize to maximize your affordability within these rules.
When does it make sense to refinance my mortgage for debt consolidation?
Refinancing makes sense if you have high-interest debt (like credit cards or lines of credit) and significant equity in your home. By rolling that debt into your mortgage at a much lower interest rate, you can lower your total monthly payments and improve your cash flow. However, we must calculate if the savings outweigh any potential prepayment penalties for breaking your current mortgage term early.
Mortgages with Steve Beecroft!
Ready to Experience the Best in Mortgage Services?
It only takes a few minutes to get started!
