Stonefield Mortgage
David Steinfeld
David Steinfeld is a principal broker in Ontario and leads the team at Stonefield Mortgage, FSRA mortgage brokerage licence #13722.
David Steinfeld is a principal broker with Stonefield Mortgage, an Ontario mortgage brokerage (FSRA mortgage brokerage licence #13722) at 4-60 Granton Drive, Richmond Hill, ON L4B 2N6. David leads the team at Stonefield Mortgage. David has worked in mortgages for more than a decade and works with individuals, investors and companies across a network of lenders.
More than a decade in mortgages
David has worked in mortgages for more than a decade and leads the team at Stonefield Mortgage in Richmond Hill. David's work is reading offers and mortgage applications with homeowners in Toronto and across Ontario, and placing each mortgage with a bank, credit union or monoline lender, or with an alternative lender where a bank says no.
What David does with your offer or application
David reads your offer or application with you, compares what the lenders we work with would do with it, explains the trade-offs in plain terms and handles the application with the lender, which makes the final decision.
A network built over the years
Over the years, David has built a network of lenders and of mortgage brokers he trusts. When your mortgage is better placed with another brokerage, David introduces you to one of those brokers, and he tells you before he makes the introduction.
What a broker does for you
A broker's value is in the questions before the rate: what the property is for, how long you will keep it, what the penalty clause costs if your plans change, and which lender fits your situation. Those questions come first when David reads an offer or application.
A sounding board
People call David before they have an offer, or when the mortgage will not be his, to check a number, a clause or a next step. If David is not the right person for the question, he tells you who is.
Licence
David Steinfeld works with Stonefield Mortgage. Stonefield Mortgage is a trade name of Stonefield Capital Inc., FSRA mortgage brokerage licence #13722. You can check any Ontario mortgage brokerage, broker or agent on FSRA's public register.
Pages David Steinfeld reviews
David Steinfeld reviews the guidance on this site before it is published for search. Every page on this site names its reviewer and shows when the page was published and updated. A page is shown to search engines only after the review is done. Reviewed so far: 0. Waiting for review: 129.
Waiting for David Steinfeld's review (129)
- 25 or 30-year amortization: is the lower payment worth it?
- Am I still a first-time home buyer?
- Bank of Canada rate decisions and your mortgage renewal
- Besides 20% down, what do lenders ask for on a rental property? (Ontario)
- Bridge gap tool
- Can a business owner use a readvanceable mortgage? (Canada)
- Can I buy a home with a 600 credit score?
- Can I buy a new home before I sell my current one?
- Can I get a mortgage after a consumer proposal in Ontario?
- Can I get a mortgage if I am new to Canada?
- Can I keep the house after a separation in Ontario?
- Can I renew my mortgage early?
- Can I shop around instead of renewing with my bank? (Canada)
- Can I take my mortgage with me when I move? (Canada)
- Can I use a HELOC for the down payment on a rental property?
- Can my down payment be a gift?
- Can your bank do better?
- Condo vs freehold: does mortgage financing differ?
- Do mortgage brokers get better rates than banks in Canada?
- Do salary or dividends affect my mortgage approval? (Canada)
- Document checklist
- Does a rental that doesn't cover its costs hurt my borrowing? (Ontario)
- Does consolidating debt into my mortgage save money?
- Does rental income count when I qualify for a mortgage? (Ontario)
- Does switching from my bank at renewal hurt my credit score? (Canada)
- Does switching your mortgage at renewal check your credit? (Canada)
- Does the lower mortgage rate always cost less? (Canada)
- Does the lower mortgage rate always cost less? Planning ahead in Ontario
- Does the stress test apply when I renew my mortgage?
- First-time buyer checklist for Ontario: from budget to closing day
- Fixed or variable mortgage: how do I decide?
- Fixed vs variable mortgage: how each works and how to choose
- HELOC or second mortgage: what is the difference?
- Higher profitability, not just approval: self-employed mortgages in Ontario
- How do I get back to a bank lender after a private mortgage?
- How do I negotiate my mortgage renewal with my bank in Ontario?
- How do lenders count self-employed income?
- How does a HELOC work?
- How long does mortgage approval take?
- How long should my mortgage term be if I might move? (Ontario)
- How many mortgaged rental properties will a bank finance? (Canada)
- How much below my bank's posted rate should my mortgage rate be? (Canada)
- How much can I borrow against rental income in Ontario?
- How much can I borrow on a HELOC?
- How much equity can I take out of my home?
- How much of a down payment do I need for a rental property?
- How much of a down payment do I need in Ontario?
- How this site is written and checked
- How to negotiate your renewal
- How to read a mortgage renewal letter (Ontario)
- How we are paid
- Income as lenders see it tool
- Insured, insurable, uninsurable: why do mortgage rates differ?
- Is it worth switching from my bank's mortgage for 0.2%? (Canada)
- Is my bank's pre-approval rate good? (Ontario)
- Is my bank's renewal offer good? (Ontario)
- Is my refinance quote good? What to check (Ontario)
- Is this a good mortgage offer from my bank? (Canada)
- Is this a good mortgage offer? A checklist for Ontario
- Life events and your mortgage in Ontario: moving, separation, inheritance and more
- Minimum down payment rules in Canada, with a worked example
- More money, structured right: rental and investment mortgages in Ontario
- Mortgage broker in Toronto for a second opinion on my bank's renewal (Ontario)
- Mortgage broker vs your bank: how they differ and how brokers are paid
- Mortgage prepayment penalties in Canada: three months' interest or the IRD
- Mortgage prepayment privileges in Canada: the limits and what to compare
- Mortgage renewal checklist: what to do in the four months before
- My business income dropped. Can I still renew or refinance? (Ontario)
- Offer check tool
- Ontario closing costs: what to budget for beyond the down payment
- Porting mortgage default insurance in Canada: CMHC's rules
- Posted vs discounted mortgage rates in Canada
- Posted vs discounted rate: why does it change my penalty?
- Pre-construction closing in Ontario: what if the appraisal comes in low?
- Pre-qualification vs pre-approval: what each one tells you
- Rates aren't the only cost: mortgage strategy in Ontario
- Refinance, HELOC or second mortgage: three ways to borrow against your home
- Refinance, HELOC or second mortgage: which should I choose?
- Renewal vs refinance: what is the difference?
- Rental cash flow tool
- Self-employed mortgage: what lenders look at and what to prepare
- Should a rental investor choose a shorter mortgage term? (Canada)
- Should I break my mortgage for a lower rate or ride it out?
- Should I negotiate my mortgage renewal with my bank? (Ontario)
- Should I prepay my mortgage or invest? (Canada)
- Should I refinance to renovate or invest?
- Should I sign my bank's renewal letter as is? (Ontario)
- Should I take a 30-year amortization and keep the payment difference? (Canada)
- Should I use my home equity to fund my business? (Ontario)
- Switching mortgage lenders at renewal: the rules in Canada
- The 21-day mortgage renewal statement rule in Canada
- The mortgage stress test explained: what it is and how it affects you
- The rules, sourced
- Total cost of holding tool
- Understand your refinance terms
- What a bank's retention desk can do at renewal (Ontario)
- What a lender's retention desk can and cannot do at renewal (Canada)
- What a mortgage broker sees that you can't (Ontario)
- What are add-backs on a self-employed mortgage application? (Canada)
- What are closing costs in Ontario?
- What are the risks of interest-only HELOC payments?
- What documents do I need for a mortgage?
- What does a mortgage cost over the years I'll own the home, not just the term? (Canada)
- What does it cost to break my mortgage?
- What does it cost to carry two homes while I wait for my sale to close? (Ontario)
- What does my bank's mortgage retention desk do? (Canada)
- What does switching mortgage lenders cost?
- What fees do alternative lenders and mortgage brokers charge?
- What first-time home buyer programs are there in Ontario?
- What happens to the mortgage on an inherited house in Ontario?
- What is a B lender, and when does it make sense?
- What is a readvanceable mortgage?
- What is a trigger rate on a variable mortgage?
- What is the difference between a mortgage pre-approval and a pre-qualification?
- What is the mortgage stress test?
- What is the prime rate in Canada, and how does it affect my mortgage?
- What should I ask a mortgage broker besides the rate? (Ontario)
- When a private mortgage is the right bridge, and when it is not
- When can I switch lenders at renewal?
- When does refinancing not make sense?
- When is a private mortgage the right bridge?
- Where we stand: renewals, first-time buyers, refinancing
- Which mortgage suits a rental property: shorter term, longer amortization or a HELOC? (Canada)
- Why do lenders want two years of Notices of Assessment?
- Why use a mortgage broker
- Why will my mortgage payment jump at renewal?
- Will incorporating my business affect my mortgage? (Canada)
- Will my bank match a better mortgage offer? (Ontario)
- Will my bank match a mortgage broker's offer? (Canada)
No cost to talk
Talk to David's team
Tell us what you're planning for a home in Ontario and a good number to reach you. We call back within one business day, usually sooner. We ask for documents only once we know which ones your mortgage needs.
You can also call us at (416) 371-2077.