Your Mortgage Navigator

Home
Canada
Burlington, ON
Your Mortgage Navigator

Mortgage Agent @ The Burlington Mortgage Centre - Lic #: M20003477
Lic #:12256

01/02/2023

2022 had many changes and challenges. I learned a lot about myself. I have set some lofty goals for the year to come and I can’t wait to get started.

I hope you are as excited as I am to kick off 2023.

What goals do you have for 2023?

Need some mortgage advice? Just want to chat over a virtual ☕? Send me a message or book a 30 minute no obligation call (via contact button)

Let’s get to know each other!

Can’t wait to meet you! 👋

12/31/2022

Happy New Year from my family to yours.
Thank you for being here with me and I can’t wait to see what next year brings. 🥳🥂

12/27/2022

Every lender looks at each borrower’s employment history. Changing jobs and/or industries before your mortgage is funded could require additional proof in order to satisfy the lender.

It’s recommended to wait to make any major employment changes until your mortgage is completely funded.

If you do have a change to your employment during this time, contact your Mortgage Professional as soon as possible to discuss your options.

Have questions? Send me a message or book a 30 minute no obligation call (via contact button)

Can’t wait to meet you! 👋

12/26/2022

Let’s finish 2022 strong and make 2023 the best year yet! 🎉🏃‍♀️

Need some mortgage advice? Just want to chat over a virtual ☕? Send me a message or book a 30 minute no obligation call (via contact button)

Let’s get to know each other!

Can’t wait to meet you! 👋

12/25/2022

Merry Christmas from my family to yours. I hope everyone has a magical day filled with love from family and friends.

Thank you for being a part of my online family this year.
🎄🎅🤶

12/23/2022

Your down payment can come from many sources. You’re not limited to the savings in your main bank account. Review the list below and reach out with any questions.

➡️Accumulated savings
➡️Investments
➡️Home Buyers’ Plan (RRSP withdrawal for first-time home buyers)
➡️Gift (from parents or close family member)
➡️Sale of another property
➡️Equity in an existing home
➡️Funds from an inheritance
➡️Settlement from marital separation

Follow me for more mortgage tips, tricks and advice.

12/21/2022

Mortgage Life Insurance pays off your mortgage in the event of your death. While not mandatory, it will be offered during the mortgage approval process.

It’s always wise to talk to a mortgage professional so you know your options and what will be required when working through the funding process.

Follow me for more mortgage tips, tricks and advice.

Can't wait to meet you! 👋

12/20/2022

Most lenders offer different payment frequencies for your mortgage which include: monthly, bi-monthly, bi-weekly or accelerated bi-weekly and weekly or accelerated weekly.

If possible, you should choose the accelerated options. These reduce your amortization period by up to approximately 2.5 years as it results in one extra monthly payment per calendar year.

Have questions? Send me a message or book a 30 minute no obligation call (via contact button)

Can’t wait to meet you! 👋

12/19/2022

As we approach the end of the year, I am taking time to find gratitude in the small things.
One of my goals for 2023 is to focus on small but consistent changes, and appreciating where I’ve been and where I’m going.

What are you grateful for today?

12/18/2022

On top of saving for your down payment, you’ll want to ensure you have between 1.5% - 4% saved for your closing costs. Lenders will review your bank statements in order to ensure you have the funds available.

Closing costs include items such as:

➡️Lawyer fees
➡️Land transfer tax
➡️Appraisals
➡️PST on mortgage default insurance
➡️Other costs/services required for your purchase

In this example with a purchase price of 849,000.00 you will want between $12,735.00 and $33,960.00

Need some mortgage advice? Just want to chat over a virtual ☕? Send me a message or book a 30 minute no obligation call (via contact button)

Let’s get to know each other!

Can’t wait to meet you! 👋

12/17/2022

TDS stands for Total Debt Service Ratio.

Along with GDS, this number factors into the lender’s decision to approve your mortgage application. It serves to measure your ability to repay your mortgage

You total debt service ratio includes:
Mortgage Payments
Property Taxes
Approximate Heating Costs
If applicable, 50% of your condo fees

+++ any other monthly expenses
Eg: credit card payments, auto payments, loan payments, personal loans, other mortgages

You will want to ensure your GDS remains at 44% or lower.

Have questions? Send me a message or book a 30 minute no obligation call (via contact button)

Can’t wait to meet you! 👋

12/16/2022

Trying to save for a down payment?
If you have money in your RRSP and are a first-time home buyer you can withdraw up to 35,000 from your RRSP, without paying tax on the withdrawal.

Funds must be repaid within 15 years, and you must meet eligibility requirements.

Follow me for more mortgage tips and advice.

Address

4155 Fairview Street Unit 21
Burlington, ON
L7L2A4

Website

https://xeniasmithmortgages.com/

Alerts

Be the first to know and let us send you an email when Your Mortgage Navigator 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 Your Mortgage Navigator:

Shortcuts

Want your business to be the top-listed Finance Company in Burlington?