Mortgage Mike

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Canada
Barrie, ON
Mortgage Mike

Located in the Barrie area, but serving all of Ontario.

09/04/2024

The Bank of Canada just announced another 25bps cut to the prime rate. What does this mean for you? Lower mortgage rates ahead! With the prime rate now at 6.45%. This cut will roughly shave $15 per $100K owed on your loan per month. With 3 rate cuts in a row, if you have a variable rate mortgage with a $500K balance, you’re looking at $225 in savings since the rates started dropping! Seize this opportunity to save on your dream home. Let’s explore your options and start saving! 🏡💰

08/22/2024

Why Collaboration with a Mortgage Agent Makes a Difference! 🤝

Realtor Edition 🏠

Both in the same industry, but with very different day to days. Here’s how partnerships benefit my clients:

Seamless Experience: With us working together, you get a streamlined process from house-hunting to financing—making your journey smooth and stress-free.

More Financing Options: Our partnership provides you with access to a variety of loan products and competitive rates tailored to your needs.

Expert Advice: We combine our expertise to guide you through every step, ensuring you make informed decisions that best suit your financial situation and home preferences.

Faster Closings: Efficient coordination between us means quicker approvals and closings, getting you into your new home faster!

08/13/2024

Girl Dad🧍🏻‍♂️🏚️

Juggling mortgages and family life is extremely rewarding, especially because I know it’s all for my daughters. Every challenge feels worth it. I’m excited to balance it all again and welcome another little girl into our growing family in early November, even if that means more pink work supplies 🩷

Thank you for always supporting my family and I. Your mortgage is never just another transaction to me, it’s a chance to help all of us reach our goals in life 🏠

07/24/2024

🏦 Exciting News for Homebuyers!
Back to back rate cuts!

The Bank of Canada just announced a 25bps cut to the prime rate. What does this mean for you? Lower mortgage rates ahead! With the prime rate now at 6.7%, seize this opportunity to save on your dream home. Let’s explore your options and start saving! 🏡💰

07/23/2024

Mortgages Beyond Interest Rates 🏠

As I approach half a decade in the mortgage business, I often get asked, “What’s the best rate?” It’s a top concern for consumers and understandably so—it seems like lower rates equal savings, right?

While rates are important, they’re not the whole story. Did you know that 70% of mortgages are broken before the 5-year term ends? And breaking a mortgage at certain banks can cost you up to 5 times more than others. This is one of one hundred reasons why rate isn’t everything.

Choosing the right mortgage involves more than just rates. It’s about understanding terms, fees, and finding the best fit for YOUR financial goals. My job isn’t to just quote you the best rate, every mortgage professional can do that. It’s easy, we get them emailed to us daily. The reason I’m still here is because I provide value to my clients and educate them ✅

06/24/2024

🏠✨Mortgage Market Update:

As the market evolves, l'm personally seeing a renewed interest from buyers in my business. Buyers seem to be a little less anxious with interest rates falling recently. Social media focuses a lot on the prime rate around those BoC meetings, but just remember that the fixed rates right now are the play and have been for the better part of a year.

05/22/2024

Ontario Mortgage Update 📈🏠

Here's a quick update on Ontario's mortgage market:

Low Rates: Mortgage rates are still technically low, especially fixed rates, making it a great time to buy or refinance.💰

Strong Demand: Demand for homes remains high, so act fast when you find the right one! This means being prepared with a pre-approval which you can lock in with me until late September. 🔐

Policy Changes: Keep an eye on government policies-they can impact your buying power. We could see changes to the prime rate coming in the next couple weeks! Which will affect variable rates as well as HELOC'S.👨‍⚖️

Local Variations: Market conditions vary by region, so stay informed about your area. Always good to have a local realtor on speed dial.👩‍💼

Digital Convenience: Use online tools to simplify the process. Ask about my MMT app! This makes the process so much easier for you and me. 💻

I hope everyone enjoyed their long weekend ☀️🥂

Address

Barrie, ON
L4N3A6

Telephone

+17057165706

Website

http://mcrawford.ca/

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