Kevin Olston Mortgage Agent

Kevin Olston Mortgage Agent Are you ready to invest in your dream home?

10/23/2024

Good news everyone! The Bank of Canada announced a rate cute of .50% to their overnight rate. Moving most banks prime rate down to 5.95%. This will directly affect variabled and adjustable mortgage rates. While also possibly bringing down fixed rates, for anyone looking to purchase or refinance in the near future.

Happy Thanksgiving everyone.
10/14/2024

Happy Thanksgiving everyone.

Heard about mortgage penalty clauses but not sure what they mean?A mortgage penalty clause is a fee charged if you break...
09/03/2024

Heard about mortgage penalty clauses but not sure what they mean?
A mortgage penalty clause is a fee charged if you break your mortgage contract early, like selling your home or refinancing before the term ends.
Understanding these penalties can help you avoid unexpected costs. Always review your contract carefully
Know your terms and protect your finances. Learn more about mortgage penalty clauses before signing.

Will my mortgage renewal affect my credit score?A mortgage renewal itself does not affect your credit score. However, if...
08/31/2024

Will my mortgage renewal affect my credit score?

A mortgage renewal itself does not affect your credit score. However, if you apply for a new mortgage with a different lender, they will perform a credit check, which may have a minor temporary impact on your credit score. Additionally, missing payments or going into default during the renewal process can negatively affect your credit score

What disclosures should I receive during a mortgage renewal?During a mortgage renewal, you should receive disclosures re...
08/30/2024

What disclosures should I receive during a mortgage renewal?

During a mortgage renewal, you should receive disclosures regarding:
• The new interest rate and how it compares to your current rate
• The term of the new mortgage
• Any fees or charges associated with the renewal
• Payment schedule and amounts
• Prepayment options and penalties

What are my options if I can't afford my mortgage during the renewal process?If you can't afford your mortgage during th...
08/29/2024

What are my options if I can't afford my mortgage during the renewal process?

If you can't afford your mortgage during the renewal process, consider the following options:
• Renegotiate the terms with your current lender for a more affordable payment plan
• Refinance your mortgage to extend the amortization period, reducing monthly payments
• Seek financial advice or assistance from a mortgage professional or financial advisor
• Explore government programs or assistance options available for homeowners in financial distress

What are my options if I can't afford my mortgage during the How does a mortgage professional assist with renewals?A mor...
08/28/2024

What are my options if I can't afford my mortgage during the How does a mortgage professional assist with renewals?

A mortgage professional can assist with renewals by:
• Comparing rates and terms from multiple lenders
• Providing expert advice on mortgage products
• Negotiating on your behalf to secure better rates and terms
• Helping

Can I refinance during my mortgage renewal?Yes, you can refinance your mortgage during the renewal process. Refinancing ...
08/27/2024

Can I refinance during my mortgage renewal?

Yes, you can refinance your mortgage during the renewal process. Refinancing involves negotiating a new mortgage agreement, which can include changing the term, interest rate, or borrowing additional funds.

What fees are associated with my mortgage renewal?Fees associated with mortgage renewal may include:• Appraisal fees• Le...
08/26/2024

What fees are associated with my mortgage renewal?

Fees associated with mortgage renewal may include:
• Appraisal fees
• Legal fees
• Discharge fees (if switching lenders)
• Administration fees

What are the risks of not renewing my mortgage on time?If you don't renew your mortgage on time, your lender may automat...
08/23/2024

What are the risks of not renewing my mortgage on time?

If you don't renew your mortgage on time, your lender may automatically renew your mortgage at a higher interest rate, or your mortgage may go into default, which can lead to financial penalties and negative impacts on your credit score.

Can I negotiate better interest rates during my mortgage renewal?Yes, you can and should negotiate better interest rates...
08/22/2024

Can I negotiate better interest rates during my mortgage renewal?

Yes, you can and should negotiate better interest rates during your mortgage renewal. Use competing offers from other lenders as leverage to get a better rate from your current lender.

How do I compare offers from different lenders?To compare offers from different lenders, consider the following factors:...
08/21/2024

How do I compare offers from different lenders?

To compare offers from different lenders, consider the following factors:
• Interest rates
• Mortgage term
• Payment frequency options
• Prepayment privileges
• Penalties for breaking the mortgage early
• Additional fees and charges

Address

355 Bayfield Street
Barrie, ON
L4M3C3

Telephone

+17053217982

Website

Alerts

Be the first to know and let us send you an email when Kevin Olston Mortgage Agent posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Kevin Olston Mortgage Agent:

Shortcuts

Share

Category