darick.ca Mortgage Broker Services

11/29/2024

11/29/2024

11/23/2024

Hard working smart Real Estate Team!

✅Sell with confidence with Barrie's 2020, 2021, 2022, 2023 and 2024 #1 Top Choice Real estate Brokerage
✅Save thousands with our 1% Listing Commission*
✅Free use of moving trailers, boxes, and tape
𝗖𝗼𝗻𝘁𝗮𝗰𝘁 𝘂𝘀 𝘁𝗼𝗱𝗮𝘆:
📞 705-726-7000
📩 [email protected]
*some conditions apply

04/23/2024

Continuing your Personal Growth and Education, Paying attention to Trends, Being able to Adapt, Be as Fearless as possible, Exposing your Creativity, Take Calculated Risks and Invest in yourself.

These philosophies have led me through a lifetime career in Real Estate.

From home renovation, infill housing developments, becoming a licensed Real Estate Broker, Mortgage Broker and CRA appraiser. These same qualities have allowed me to invent my own patent pending game and housing app.

Now these attributes have led to my most recent adventure that takes the qualities of these lifetime achievements and proudly can offer them to you.

Welcome to the introduction of Yellow Brick Group!

www.yellowbrick.ca The future of Canadian Real Estate and Mortgages where all of what I have learned along with those that I have learned with bring real estate and mortgage services to you.

Our team is growing and we are looking for those that want to grow like I have and only be able to offer the very best to those needing Real Estate and Mortgage Services.

Yellow Brick is looking for realtors that want to add mortgages to their quiver of services. We will pay for your Mortgage education and offer industry leading Central Underwriting support. I am ready to take your call. 705 623 8658. [email protected]

04/23/2024

Yellow Brick Mortgage and Realty Group - Dual Licensed Real Estate and Mortgage Agents doing more for their clients.
We are Currently recruiting new agents to our Team.
*Special Offer -Free Mortgage Agent Education.
Call me to find out more. 705 623 8658 www.yellowbrick.ca

04/08/2024

Our Team of Mortgage Professionals is now Setup to offer clients mortgage products from NEO Financial.
Along with BMO, ScotiaBank, TD Bank, First National, RMG, MCAP, Credit Unions, and over a total of 73 lenders we have available to make sure there are no excuses in getting you the best rate and terms!

Mortgage Broker in Barrie and Canada. Over 25 years in Service! Mortgage Broker with Competitive Mortgage Rates, Expert Knowledge, Excellent Service, Debt consolidation, Refinance, Home Purchase. Top 1% Dominion Lending Centres Mortgage Broker in Canada. Over 25 years in Service! "When you're lookin...

03/28/2024

Real Estate Agents STOP sitting on your hands !!
What is your current broker doing for you?
If the market is slow it is slow.
Now is your chance to take some of this time and get educated, become a licensed mortgage agent, bring more professionalism to your future listing presentations, earn more commission, mine your database for mortgage leads.
We have a centralized underwriting team that makes it super easy to turn your leads into real business and add another touch point to your clients.
We will even pay for you to get educated!
Call us now. We cant wait to hear from you. www.yellowbrick.ca dual licensed agents Real Estate and Mortgages

03/21/2024

MORTGAGE RATE AT 0%!!!

We have all seen the Click Bait Low Mortgage rates being offered on the internet.

But 0%!!!….Can that be true?? That is crazy!…isn’t it?

What if I told you it is possible and it is simply accomplished by taking the amount of interest you would have paid a lender at regular rates over the course of a term and prepaying it upfront or by adding it to the mortgage balance.

The “mortgage” rate is 0% but the annual effective borrowing rate% ends up being the very same rate had you taken a standard mortgage.

IT IS the Annual cost of borrowing rate you should be concerned with and not necessarily the mortgage rate. A mortgage broker will always show you the annual cost of borrowing the funds.

This Annual cost of borrowing will be disclosed to you capitalizing any legal fees, appraisal fees, CMHC HST fees, Lender fees etc.

If this does not make sense to you than you should be getting your mortgage advice from a licensed Mortgage Broker Professional that understands and will save you real money.

03/20/2024

Is a 2.5% mortgage rate possible today? Yes it is!

Portable and assumable clauses are common terms in Canadian Mortgages and can save a buyer and seller thousands of dollars in mortgage interest and or penalties.

How does this work?
Example:
A seller has a mortgage rate of 2.5% with 2.5 years remaining on the term to maturity. If they break this mortgage they will pay a penalty to the bank and will have to obtain a new higher rate mortgage in return. – result – loss of thousands of dollars.
If the Seller is buying again the alternative is to port the mortgage to the new property or if the seller is not buying again they can have the new buyer of the home assume the mortgage and the new buyer gets the advantage of the lower rate and term.

If additional monies are needed for the new purchase this can be done by way of a port and blend taking the existing mortgage monies at 2.5% and blending it with the new monies at todays rate.

Assuming and porting a mortgage still come with the same qualifying criteria and banking guidelines.

A full application and supporting documents are still required the same as getting a new mortgage.
www.darick.ca

03/15/2024

Credit Score Hack to get A lower Mortgage Rate!

A client approached us for a new mortgage to refinance their home for the purposes of debt consolidation…. Note: the following example can be drawn to many different financing scenarios including the qualifying to purchase a home.

The client was desperate and was at the end of his rope due to unforeseen circumstances that led him to use his credit to pay for medical assistance for a family member which subsequently also kept him away from his job for a period of time.

Unfortunately his credit utilization on one mastercard and older credit issues from 6 years ago caused his Equifax credit score to drop below 650. This score is a benchmark minimum with the majority of A lenders offering the lowest rates to obtain financing. Credit utilization meaning that he had maxed out the limits on his credit cards and or lines of credit.

Our options were to Apply to the B lenders with rates at least 1% higher and extra closing fees or find a solution to get the credit score increased and as quickly as possible.

In this scenario we advised that he pay down his credit cards to below their limit In addition We called Equifax and requested that they remove the 6 year old closed credit card that still appeared on his bureau that should no longer be there.

The next day we pulled the credit and VOILA! The 6 year old card no longer appeared and his credit score jumped to over 700 and we were able to get him the lowest rate and payment for his debt consolidation.

Happy Ending for this Client. The lowest possible rate, payment and no extra fees.
www.darick.ca

03/14/2024

Have you heard about th Low Cost Homes In New Brunswick?
I have had a wave of clients call me to buy second homes in New Brunswick for as low as $100,000 for a new detached home on full municipal services.
The strategy being to leverage the equity in their current Ontario Home to pay cash for the NB home. Their plan is to rent the home to eventually retire, sell in Ontario and Move to New Brunswick with a pocket full of cash and an affordable retirement lifestyle. Does this sound interesting to you? Call me to discuss your options. www.darick.ca

03/10/2024

Are you Selling or Buying a Home?
As a Professional Dual Licensed Real Estate and Mortgage Broker My Team can offer you a low commission structure with no sacrifice to the quality of Service.

We Will Not Waste Your Time
www.yellowbrick.ca
If you would like to Sell/Buy or join our progressive team please call me.