Joel Brown Mortgage Agent

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Canada
Brighton, ON
Joel Brown Mortgage Agent

Invis is comprised of the most knowledgeable, ethical, and professional mortgage professionals in the Canadian mortgage industry.

For any information regarding purchases, renewals, refinance, or home equity I will help you every step of the way.

07/30/2024

Here are five tips to help you get ready to buy your first home:

1️⃣ Keep a good credit score! The higher, the better. This is a snapshot of your financial health, and lenders use this to gauge your ability to repay debts.

2️⃣ Save a down payment! The bigger the down payment, the better – the minimum down payment when less than $500,000 is 5%; between $500,000 and $999,999, you will need 5% for the first $500K and 10% for the portion above $500K, and $1 million+ you need 20% of the purchase price.

3️⃣ Keep your income stable. Lenders like to see proof that you can make your payments; a full-time job is the best way to show it.

4️⃣ Pay down existing debt. Your balances don’t need to be at $0, but how much debt you carry will affect how much you can borrow.

5️⃣ Get a mortgage pre-approval!

07/23/2024

Five things not to do after you have been approved for a mortgage:

1️⃣ Leave or switch jobs
2️⃣ Make a major purchase
3️⃣ Apply for new credit
4️⃣ Pay off your debt
5️⃣ Co-sign on a loan

If you have any questions about what you should or shouldn’t do while applying for a mortgage, send me a message. I am with you every step of the way.

07/15/2024

Dreaming of your perfect home? 🏡 Start your homeownership journey by boosting your credit score with these 4 tips:

1️⃣ Always pay your bills on time 📆
2️⃣ Keep credit card balances below 30% of your limit 💳
3️⃣ Regularly check your credit report for errors 📝
4️⃣ Avoid opening unnecessary new credit accounts 🚫

Follow these steps and watch your credit score soar!

Ready to secure your dream home? Contact me today and let’s start the process! 🏡💼

07/09/2024

Unlock the Power of Your Home's Equity with a HELOC! 💳 If you have equity in your home and need quick access to funds, a Home Equity Line of Credit could be the perfect solution.

Send me a message to learn more and find out if a HELOC is right for you! 💬

07/03/2024

If your home will be owner-occupied, you need 5% down for the first $500,000 of the purchase price, and 10% for any amount over $500,000 up to $999,999. If the purchase price is $1,000,000 or more, the minimum down payment is 20%.

According to CMHC’s Mortgage Consumer Survey, most homebuyers are accessing their savings or equity from a previous home for their down payment. Followed by RRSP savings and gifts from family members.

If you have any questions about the down payment options available to you and how to use them, send me a message!

06/24/2024

Get ahead in your home-buying journey with a pre-approval:

💰 Know your budget
⏩ Speed up the process
🔒 Lock-in a favorable rate
😌 Smooth and stress-free experience

Reach out for a free pre-approval! 🤝🏡💼

06/19/2024

Locking in with your current lender automatically might not secure the best available rate. Reach out to evaluate your existing mortgage, secure the most competitive rate, unlock additional funds, and customize your amortization or payments. 🗓️💵

Renewing your mortgage presents an opportunity to renegotiate. It's crucial to initiate discussions early to align with your financial objectives. 💲

You don't have to tackle the renewal process solo. I’m here to provide guidance and support; feel free to reach out with any inquiries you may have.

06/11/2024

Refinancing involves replacing your existing mortgage with a new one, and it requires a minimum of 20% home equity.

Since breaking your current mortgage entails a fee, I can conduct a customized cost/benefit analysis to determine whether refinancing is a sensible decision.

The following are three common reasons why individuals choose to refinance:

📌 Consolidate high-interest debt

📌 Undertake renovations

📌 Access the most cost-effective funds for a significant expense

06/03/2024

Working with a Mortgage Broker like me, gives you access to a wide array of products to choose from – banks, private sources, independent lenders, etc. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

05/28/2024

Your mortgage amortization period is the number of years it will take you to pay off your mortgage. Depending on your choice of amortization period, it will affect how quickly you become mortgage-free and how much interest you pay over the lifetime of your mortgage (a longer lifetime equals more interest, whereas a shorter lifetime equals less interest but also bigger payments).

Together we will review your situation and can help you make the best decision. Reach out today!

05/21/2024

Thinking about buying a home? 🏡 Having a good credit score is not only important when it comes to being approved but a good credit score can also give you access to better rates. 📊

Here are 4 tips to help build and maintain a strong credit score:

1. Use your credit.
2. Pay your bills on time.
3. Don’t max out your credit.
4. Have a variety of credit accounts.

05/14/2024

When planning your path to homeownership, remember these crucial steps:

✅ Maintain a healthy credit score
💼 Save for a down payment
💰 Keep your income stable
🧾 Pay down existing debt
💪 Get a mortgage pre-approval.

By addressing these factors, you’ll be one step closer to turning your homeownership dreams into reality! 🌟🗝️

Address

9 Park Street
Brighton, ON

Telephone

+16139217304

Website

https://invis.ca/en/joel-brown

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