Brampton's #1 Mortgage Broker
For Over 10 Years Running
Expert mortgage advice across Brampton, the GTA and Ontario.
Recognized by ThreeBestRated® for over 10 consecutive years.
Nothing goes to a lender until Rakhi has gone over your file with you.
- 425+Five-star Google reviews
- Top 75Brokers in Canada, CMP
- $1B fundedFor her clients, 15 years
What Would You Like to Do?
Not sure where you fit? Call and she will tell you.
What you may need
- 2 years of Notices of Assessment or T1 Generals
- Business bank statements showing consistent income
- Proof of business registration or incorporation
- Accountant-prepared financial statements
No traditional income proof? Stated income or bank deposit history can work, especially with strong credit and a solid down payment.
The Two Questions Rakhi Hears First
What's your best rate?
Why the Rate Is Not the Whole Story“Many people focus entirely on rate, and while rate matters, it's only one piece of the puzzle. I've seen borrowers save a few dollars a month on rate only to face significant penalties when they needed to sell, refinance, or make changes later.”
Can I take money out of my house?
Refinance and Unlock Your Equity“Your home isn't just a place to live, it's a financial asset. For many Brampton residents who have increased their home equity over the years, refinancing is a way to unlock that value for real-life goals.”
“Being new to Canada is something I understand, having moved here myself more than a decade ago. I have seen firsthand the difficulties newcomers have when it comes to obtaining financing.”
“If your passion is the customer, good things will always follow.”
How Long It Usually Takes
From Rakhi's mortgage process. Every file is different.
Buying a Home
- 1 to 3 daysPre-approvalOnce your documents are in
- 5 to 10 daysPurchase approvalBusiness days, depending on lender and conditions
If You Already Own
- 2 to 4 weeksRefinanceFrom application to funding
- 2 to 3 weeksRenewal switchMoving to a new lender
Over 425 Five-Star Google Reviews
“I had an excellent experience working with Rakhi during a very critical financial situation. She helped me refinance smoothly and made the entire process stress-free from start to finish. Rakhi is extremely organized, professional, and meticulous in her communication. She took the time to explain all available options in detail and guided me toward the best solution based on my specific situation.”
“I was navigating a challenging personal situation and selling my old house and purchasing a new one and Rakhi had made this so very seamless.”
“Big banks and other brokerages do not provide close to the level of excellence Rakhi provides.”
“She worked around the clock to get my application in and along the way kept on reassuring me that she will get it done.”
Brampton Mortgage FAQs
For more detailed answers, visit the full Mortgage FAQ page on pre-approvals, refinancing, renewals, qualification, and more.
See Why Brampton Homeowners Trust RakhiWhat does a mortgage broker in Brampton do, and is it free?
A mortgage broker helps borrowers explore options from multiple lenders rather than approaching each bank or lender individually. This allows you to compare rates, approval guidelines, and mortgage features in one place. In most cases, the lender pays the broker's commission, which means the service is typically free for borrowers. Working with a mortgage broker in Brampton, such as Rakhi Madan, can help you approach the mortgage process with a clearer strategy before applying.
How do I qualify for a mortgage in Brampton as a self-employed borrower?
Self-employed borrowers can qualify for mortgages, but lenders often review income differently than they would for salaried employees. Instead of relying only on pay stubs, lenders often review tax returns, business financial statements, or bank-statement mortgage programs designed for self-employed borrowers. A Brampton mortgage broker can help determine which lenders are best suited to your business structure and income documentation.
Should I use a mortgage broker or go directly to my bank?
A bank can only offer its own mortgage products, while a mortgage broker can compare options across multiple lenders, including major banks. This broader view can help borrowers see different rates, approval guidelines, and mortgage features. Many buyers choose to work with a mortgage broker in Brampton so they can evaluate more options without having to approach lenders individually.
What are the current mortgage rates in Brampton, Ontario?
Mortgage rates in Brampton change frequently as lenders adjust pricing based on bond markets, economic conditions, the Bank of Canada, and competition between lenders. The rate you qualify for also depends on factors such as credit score, downpayment, income, employment status, and mortgage structure. A Brampton mortgage broker can compare current options across multiple lenders to help you understand what rates may be available for your situation.
How much do I need for a down payment to buy a home in Brampton?
Minimum down payments depend on the purchase price of the property. In Canada, homes priced under $500,000 require a minimum 5% down payment, while homes between $500,000 and $1.5 million require 5% of the first $500,000 and 10% of the remaining amount. Many buyers also combine savings with programs such as the FHSA or RRSP Home Buyers' Plan to help build their down payment.
Do I need a mortgage pre-approval before buying a home in Brampton?
A mortgage pre-approval helps determine how much you may be able to borrow before you start house hunting, so you are clear on your price range. It allows lenders to review your credit, income, and downpayment, allowing you to understand how lenders view your situation. Many buyers obtain a pre-approval with a mortgage broker in Brampton so they can move quickly when they find a property they want to purchase.
Can a mortgage broker in Brampton help if a bank declines my mortgage?
Yes. Mortgage brokers often work with a wider range of lenders, including alternative lenders that may consider applications traditional banks decline. A Brampton mortgage broker can review the reasons for the decline and help identify lenders whose approval guidelines better match your financial situation.
The Lenders Rakhi Works With
See the full lender listWork With Rakhi Madan
Start your application online, or call and talk it through first. Rakhi answers every call and does every interview herself.
Once your documents are in, pre-approval usually takes 1 to 3 days, and a purchase approval 5 to 10 business days, depending on the lender and conditions.