Blog

Fall is in the air

September 11th, 2020

The fall months tend to be a busy time for clients looking for investment properties. Have you saved up for your downpayment? The downpayment funds that you’re able to secure will make a big difference. Let’s discuss your opportunities.

I’d Love to Work with You

August 25th, 2020

Over the last few months, I’ve had the opportunity to work with so many new clients. I love being able to help you find creative mortgage solutions to help you make the most out of your financing. Whether you’re buying your first home, your dream home or your vacation home, I’d love to work with you. Let me show you the difference of working with me as opposed to a bank.

Tips to Save Your Money

August 11th, 2020

Here are 3 mortgage tips that will save you money…

1) Ask about pre-payment privileges

2) Find out the penalties for breaking your mortgage

3) Weigh the benefits of a lower downpayment

If you want to know if any of these tips would apply to you, contact me today.

Manage Your Debt

July 24th, 2020

The best thing you can do to manage your debt is to borrow LESS than you are allowed….Your housing costs shouldn’t be more than 32% of your gross income. Housing costs include mortgage principal and interest, taxes, heating expenses and half of your condo fees. Find out the home-related costs you can afford each month. Calculate your gross debt service ratio. Your total debt (for housing, cars and credit cards) shouldn’t be more than 40% of your gross income. Find out the maximum debt load you can carry each month. Calculate your total debt service ratio.Borrowing this maximum amount can be risky. If your income drops, your expenses increase or interest rates rise, you may have trouble making your payments. Take on a smaller mortgage so that your housing costs stay within your means.

Secure a Low Rate

July 20th, 2020

Interest rates may be low right now, but what would happen if they increase? Can you afford it? An increase in the interest rate will increase your future monthly payments.

For example, if interest rates rise from 5% to 7%, renewing a $250,000 mortgage will cost an extra $300 per month.

It’s always important to secure a mortgage payment that you can comfortably afford now and also when/if interest rates increase.

What do I do differently?

July 15th, 2020

If you’ve worked with me before, you know that I do things differently!

I focus on developing a unique mortgage solution of each of my clients. I understand that each of your financial situations are unique, therefore your financial solutions need to be unique as well.

Dedicated to communication. I want you to feel comfortable about the process and the key to that is communication.

I always follow through. I have clients that come to me with very complex financing needs. I am committed to always following through and finding the best solution for you.

Mortgage Pre-approval

July 3rd, 2020

Getting pre-approved allows you to determine your estimated mortgage payment, so that you can include it in your budget. If you’re shopping for a home, I’m your first stop!

Protect Your Credit Score

June 11th, 2020

I’m getting a lot of questions about how you can protect your credit score with mortgage payment deferrals.

Here are some of my top tips:

– Ask for written confirmation that your payment has been deferred.
– Get the name of the customer service representative who confirmed your deferred payment
– Keep note of the day and time you spoke to the customer service representative
– Keep all your supporting documentation in a safe and easy to access place
– Track your credit reports for several months
– If you do find an error on your credit report, reach out to your lender and appropriate credit reporting agency to open up a dispute

Contact me with any questions you may have, I’m here to support you!

Here to Help

May 28th, 2020

I want to take a moment to remind all of the realtors, lawyers and accountants that are working with clients to contact me with any questions that you or your clients may have.

I’m here to help with whatever you need.

Single Income Mortgages

May 5th, 2020

Worried about owning a home on your own? I work with many single income homeowners and we work to find a financing option that works for them.

Let’s explore your options together.

Call me today 204 371 9284

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