Owning a home is a major milestone, and for first-time buyers in Canada, there are a number of exciting benefits and new regulations that can make homeownership more accessible. If you’ve never owned a home or haven’t lived in one you or your spouse/common-law partner owned in the last four years, these incentives could be …
Exciting Benefits and New Mortgage Rules for First-Time Home Buyers in Canada Read More »
Are you dreaming of a home that fits your style perfectly but can’t find one on the market? The good news is, you don’t have to settle for “almost perfect.” As a mortgage broker, I’m excited to share how you can transform a home that needs a little TLC into your dream house using the …
How to Use the Purchase Plus Improvements Mortgage to Create Your Dream Home Read More »
I’m excited to announce a new mortgage product that’s set to be a game-changer for homeowners. If you’re looking to buy a property and plan to add an income suite, you can now use future rental income to qualify for a larger mortgage! This opens up more possibilities for your home purchase and investment strategy. …
Exciting New Mortgage Product: Use Future Rental Income to Qualify for More! Read More »
The Canadian mortgage landscape is evolving, and exciting changes are on the horizon. Effective December 15th, new mortgage rules will be implemented that could open the doors for both first-time homebuyers and those looking to invest in new builds. These updates have the potential to make homeownership more accessible and affordable. Let me break down …
New Canadian Mortgage Rules for 2024: What Homebuyers Need to Know Read More »
On September 4th, the Bank of Canada (BoC) announced a significant change: the Prime rate has been lowered by 0.25%. While this may seem like a small adjustment, it’s a move with big implications for homeowners, borrowers, and the Canadian economy. The Bank Prime rate, which reached a peak of 7.2% in May 2024, is …
Exciting News: The Bank of Canada Lowers Prime Rate! Read More »
As a mortgage broker, one of my primary roles is to guide prospective homebuyers through the complex world of real estate financing. When I pre-qualify you, I will give you the maximum loan amount that the bank is willing to lend. This may not be what you can comfortably afford. We want you to be …
If you already have a mortgage pre-qualification, congratulations! This is a significant step towards your dream of owning a house. I’m here to guide you through the do’s and don’ts of preserving your pre-qualification. Do: Shop for a house within your pre-approved budget Send me listings of properties you are interested in. We can discuss …
Protecting Your Pre-Qualification – Do’s and Don’ts Read More »
Adjustable Rate Mortgage (ARM): This is a type of mortgage loan where the interest rate and payment amount can fluctuate. If the prime interest rate fluctuates, then the payment will fluctuate as well keeping amortization the same. Amortization: The period of time required to completely pay off a mortgage if all conditions are met and …