Mayur Singh
Mortgage Agent, Level 1
Mayur Singh shows Brampton buyers how the mortgage stress test affects what they qualify for, explained in English, Punjabi or Hindi.
Who is Mayur Singh?
Qualifying for a mortgage in Canada means passing a stress test at a rate higher than the one on the contract. Mayur Singh, licensed as a Level 1 agent and working in Brampton, runs those numbers with clients early so they can see how income, debts and down payment shape their budget.
Mayur works in English, Punjabi and Hindi. FSRA licence M25002642 authorizes Mayur to deal with institutional lenders, and applications are submitted through Mortgage Squad Advisors, a brokerage that weighs offers from a lender panel numbering over 100.
What can Mayur help with?
Mayur focuses on home purchase mortgages, mortgage refinancing, renewals, investment properties and first-time buyers. Through us, Mayur can shop your file across 100+ lenders.
- Home purchase mortgages
- Mortgage refinancing
- Renewals
- Investment properties
- First-time buyers
Which areas does Mayur serve?
Mayur is based in Brampton, ON. You can reach Mayur through our office line, (905) 553-8550, or the form below.
Find a Mortgage Squad advisor near you
Mayur serves Brampton, ON. Our licensed advisors cover every major market in Ontario — find one close to you.
Browse every market on the full advisor directory hub.
How much home can you afford?
Move the sliders for a quick estimate. It does not check your credit.
What should you know before you get a mortgage?
The Canadian stress test, explained.Why your bank's pre-approval may not match what you actually qualify for.
Every federally regulated lender (RBC, TD, BMO, CIBC, Scotia, NB, plus monolines like MCAP and First National) must qualify you at the greater of your contract rate plus 2% or 5.25% — whichever is higher.
This is OSFI's B-20 rule, introduced in 2018. It doesn't affect what you pay; it only affects whether you qualify for the loan amount.
Two scenarios fail the test that surprise people: high TDS ratios from car loans, and short employment history on a new role even at the same employer.
FHSA + RRSP HBP — the most underused down-payment hack.First-time buyers can stack $40K (FHSA) + $60K (HBP) = $100K of tax-advantaged down payment.
The First Home Savings Account (FHSA) lets you contribute up to $8,000/year ($40,000 lifetime). Contributions are tax-deductible (like an RRSP) and withdrawals for a qualifying first home are tax-free (like a TFSA).
The RRSP Home Buyers' Plan lets you withdraw up to $60,000 from your RRSP for a first home — and pay it back over 15 years without tax.
Two-spouse household? Both can use both, so the family stack is up to $200K. Most buyers don't know this — your advisor will map it for you before you make an offer.
IRD penalties: the cost of breaking a fixed mortgage.Why "3-month interest" sounds small — and why fixed-rate breaks can be 10× that.
Variable-rate mortgages break for three-month interest — typically a few thousand dollars. Easy.
Fixed-rate mortgages break for the greater of three-month interest OR an Interest Rate Differential (IRD). The IRD compares your rate to today's posted rate for the remaining term — and it can be brutal: $15K, $30K, even $60K on big balances.
Always model the net-of-penalty math before refinancing. If the new rate doesn't beat the old by enough to clear the penalty AND save you money, don't break. Your advisor runs this on every refi consult — most refis end up worth it; some don't.
The rate-beat guarantee.Bring us a written offer from a big bank. We'll try to beat it. If we can't, we pay you $500. Conditions apply.
Rate-beat offer: if you bring a written, current offer from one of the six largest banks for the same product, term and amount, we will try to beat it or pay you $500 by e-transfer. Prefer to give it away? We'll donate the $500 to your favourite charity instead. Conditions apply; see mortgagesquad.ca/rate-beat-guarantee.
We benchmark within 24 hours of receiving your written offer and complete application; if we can't beat it, the $500 is sent within 5 business days of our benchmark email.
Most brokers won't offer this because they don't have the lender breadth. We work with 100+ lenders — A, B, monoline, credit union, private — which gives us a wide market to shop for your rate or programme.
How does working with Mayur work?
Tell us what you need
Send a message below or start an application. Mayur gets back to you the same business day.
We shop your file
Mayur compares 100+ lenders and shows you the best 2–3 options side by side.
You get the keys
Sign at your lawyer's office. We remind you about your renewal 90+ days early.
How do I contact Mayur?
Use this form. Your message goes straight to Mayur, not a central queue.
- No broker fee on standard files
- No credit check to start
- Available in English, Punjabi, Hindi
- Maya, our AI assistant, answers 24/7 in 50+ languages
Common questions about working with Mayur
Is Mayur Singh licensed?
Yes — Mayur Singh holds an FSRA Mortgage Agent Level 1 licence (#M25002642) in Ontario and works under Mortgage Squad Advisors, Brokerage License #13737. Every licence can be checked on the FSRA public register.
What does it cost to work with Mayur?
Nothing on standard residential files. The lender pays Mortgage Squad Advisors on funding — there's no broker fee on your closing statement. Specialty files (private mortgages, commercial, distressed) may carry a disclosed broker fee that you'd see in writing before agreeing to anything.
What languages can we speak in?
Mayur is fluent in English, Punjabi, Hindi. If you'd like to chat in another language, Maya, our AI assistant, translates in real time, and we can also connect you with another licensed advisor on our team who speaks your preferred language.
How quickly can I get pre-approved?
Ballpark numbers in 60 seconds via Maya, with no credit pull. Formal written pre-approval typically arrives within 24-72 hours of submitting documents.
Does Mortgage Squad Advisors work with my situation?
Almost certainly. Mortgage Squad Advisors's 100+ lender network covers first-time buyers, renewals, refinance, self-employed, newcomer to Canada, bad credit, alt-A, private, multi-unit residential, and commercial. Mayur specializes in: Home purchase mortgages, Mortgage refinancing, Renewals, Investment properties, First-time buyers.
Mortgage Squad Advisors holds FSRA brokerage licence #13737. Individual licences are listed above.
Bring us a written offer from a big bank. We’ll try to beat it. If we can’t, we pay you $500. Conditions apply.
How the guarantee works →