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Maximizing Your Mortgage Renewal: Why You Should Explore All Your Options
As your mortgage renewal date approaches, it’s a great time to reassess your financial situation and explore new opportunities. Many homeowners assume that renewing with their current lender is the easiest option, but doing so without exploring other options could mean missing out on better rates and terms. Here’s why reviewing your mortgage renewal carefully can make a big difference.
Gifted Down Payments: A Growing Trend Among Millennials and Gen Z
For Millennials and Gen Z, the dream of owning a home often feels out of reach without some form of financial assistance. Enter the gifted down payment—a trend that’s becoming increasingly common as families step in to help the next generation secure their first home.
Exploring Down Payment Options: Beyond the Gifted Fund
For Millennials and Gen Z, the journey to homeownership can feel daunting. With rising home prices, stagnant wages, and the burden of student debt, saving for a down payment is often the most significant barrier. While gifted funds from family members have become a common solution, they’re not the only option. Let’s explore some alternative sources and strategies to help young homebuyers gather the funds they need.
Understanding Insured, Insurable, and Uninsured Mortgages: What’s the Difference?
When navigating the world of mortgages, you’ll come across various terms that might seem confusing at first. Among them are "insured," "insurable," and "uninsured" mortgages.
Understanding the Costs: What to Expect When Refinancing Your Mortgage
In 2024 it is so important to understand what it takes to refinance your mortgage. Many people who made a purchase in in 2020/2021 are now experiencing this. With all the noise surrounding mortgages, I wanted to clarify what a refinance entails.
Understanding Lender Ranks in the Mortgage Industry
When it comes to securing a mortgage, understanding the different types of lenders and their ranks is crucial. Different lenders offer various benefits, terms, and conditions, which can significantly impact your mortgage experience.
Understanding Mortgage Penalties: What Homeowners Need to Know
When you break a mortgage before the end of its term, lenders often charge a penalty. This is a common situation for homeowners in Ontario who need to refinance, sell their home, or switch lenders
Self-Employed Mortgages: Stated Income
Stated income mortgages, also known as "no-doc" or "low-doc" loans, are designed for borrowers who may have difficulty providing traditional documentation of their income.
Empowering Entrepreneurs: The Self-Employed Mortgage Playbook
For self-employed individuals, the mortgage journey can be riddled with complexities due to fluctuating incomes and unique financial circumstances. In this article, we'll dive deeper into the nuances of self-employed mortgages while providing a comprehensive understanding of how they operate.
First-Time Home Buyers, Have You Lost Out?
Recently, both myself and Mary Da Rosa, individually explored the Canada Mortgage and Housing Corporation’s (CMHC) decision to discontinue its First-Time Home Buyer's Incentive as of March 21, 2024.
Taxes and Your Mortgage Application
Did you know that taxes can impact your mortgage application? I dive into important tips for maximizing deductions and ensuring a smooth mortgage application process
Simple Tips To Improve Your Credit Score
Here are 8 simple tips on how you can improve your credit score! Download available in the article!
What You Need To Know About Mortgage Renewals
By being informed and proactive, residents in Ontario can make well-informed decisions when it comes to mortgage renewals and potentially save money in the process.
First Home Savings Account (FHSA)
What you contribute and earn all goes towards your first home! With the FHSA you can contribute up to $8,000 a year, until you reach $40,000.
First-time Homebuyers Checklist
Attention rookie home buyers! This handy checklist will help you ace the mortgage application process and make it a stress-free ride. Download available in the article!
Mortgage Closing Costs
As a general rule of thumb, a homebuyer should set aside approximately 2% to 5% of the purchase price.
Why Is So Much Paper Work Needed For A Mortgage Pre-Approval?
I’m here to tell you it’s all for a good cause and to ensure we can maximize the mortgage we can offer you!
What Is The Difference Between a Renewal and Refinance?
I know they can be easy to confuse, so I’ve tried to simplify it for you!
Get To Know My "Why" Of Being A Mortgage Agent
I’ve broken down the 3 pillars of my services that I hold my self accountable to for each and every client I interact with.