Kyle Hoffert Mortage Broker at MMG Mortgages

Kyle Hoffert Mortage Broker at MMG Mortgages Let's take advantage of these historically low interest rates and set you up for a better financial

03/08/2023

It's official, The Bank Of Canada did not touch the overnight rate!

Analysts are predicting that the rate hike in January would potentially be the first and last rate hike for the year as inflation is slowing and the Bank of Canada prepares to take a step back and evaluate the situation before increasing rates any further. ๐Ÿ“Š

๐Ÿšจ Do you have your calendars marked for March 8th? The Bank of Canada will be making its next announcement. ๐ŸšจLocal econo...
03/07/2023

๐Ÿšจ Do you have your calendars marked for March 8th? The Bank of Canada will be making its next announcement. ๐Ÿšจ

Local economists project a 0.25% increase to the overnight rate but do say It looks like signs of relief are ahead. ๐Ÿ“ˆ

That said, many of us are hoping for a 0.00% change!

What do you think will happen on the 8th? ๐Ÿ—“๏ธ.

A home equity line of credit may be a perfect option for you if you; ๐Ÿ˜๏ธ- Own your home- Have good credit- Have adequate ...
03/06/2023

A home equity line of credit may be a perfect option for you if you; ๐Ÿ˜๏ธ

- Own your home
- Have good credit
- Have adequate income
- Hold more than 20% equity in your home

๐–๐ก๐ฒ?
Maybe you want to do renovations around your house or send your child off to college. A secured line of credit is typically the cheapest form of revolving credit since it uses your home as collateral!

Talk to us today to see if a HELOC is right for you.

Market Value VS Appraised Value -Let's dive into how these two values differ and what factors contribute to the overall ...
03/03/2023

Market Value VS Appraised Value -

Let's dive into how these two values differ and what factors contribute to the overall value assigned.

Market value
โžก๏ธ The push and pull of supply and demand. What is available on the market and needed by buyers affects what someone is willing to pay

Appraised Value
โžก๏ธ Condition of property
โžก๏ธ Upgrades/Additions
โžก๏ธ Size of the lot
โžก๏ธ "Comps" and/or recently sold properties with comparable size/condition in the same market

Want to learn more about the value of your home? Message me to get started!

A common misconception is that a 20% down payment is required to buy a home Are there benefits to having 20% down? YES! ...
03/01/2023

A common misconception is that a 20% down payment is required to buy a home

Are there benefits to having 20% down? YES! But for some, this isn't a reality and that is OK. โœ…

Taking a look at the example in this post of a 20% vs Minimum Down on the same purchase price shows a monthly difference of $490.

If we break down the numbers, it would take you over 14 years to save $490/month to save the 20% down payment. If you're considering purchasing an owner-occupied home - putting the minimum down may be an easier way to get into the market ๐Ÿก

If you need help choosing the right mortgage product DM me today and get started!

The last year has been full of ups and downs with our economy, and the real estate market was no exception. On January 1...
02/07/2023

The last year has been full of ups and downs with our economy, and the real estate market was no exception.

On January 16, 2023 - The Canadian Real Estate Association (CREA) has updated its forecast for home sales activity in 2023 and extended the outlook to 2024.

Interested in buying while prices are still low? Let's get you pre-approved now!

*source: https://www.crea.ca/housing-market-stats


"Will this count towards my down payment?" Yes!!A deposit is given to your Realtor or Lawyer to hold in trust, in order ...
02/06/2023

"Will this count towards my down payment?" Yes!!

A deposit is given to your Realtor or Lawyer to hold in trust, in order to secure a property you want to purchase ๐Ÿค

Once things are finalized, your lawyer will use those funds to put toward your down payment and closing cost. ๐Ÿ 

If you have any home financing questions, I'd be happy to chat!

1. Pay bills on time: Late payments have a negative impact on credit scores, so it's important to make all payments on t...
01/31/2023

1. Pay bills on time: Late payments have a negative impact on credit scores, so it's important to make all payments on time.

2. Limit new credit applications: Each time you apply for credit, it shows up on your credit report and can lower your score. Limit new applications to only what is necessary.

3. Keep balances low: High credit card balances can lower credit scores, so aim to keep balances low and pay them off in full each month.

4. Get professional help: If your credit score is significantly damaged, consider seeking the help of a credit counselor or financial advisor.

5. Dispute errors: Check your credit report for errors and dispute any inaccuracies with the credit bureaus.

With the start of a New Year, I thought it would be appropriate to re-introduce myself. I'm the face behind the emails, ...
01/04/2023

With the start of a New Year, I thought it would be appropriate to re-introduce myself. I'm the face behind the emails, phone calls, and approvals!

Putting a 2022 full of excitement and growth in the rearview, I'm looking forward to providing the knowledge and understanding that homeowners/buyers need to navigate our rollercoaster ride of a market in 2023!
#2023

There are many factors that can impact your max mortgage amount, such as -- Province, location and property taxes- Prope...
01/03/2023

There are many factors that can impact your max mortgage amount, such as -
- Province, location and property taxes
- Property type (home vs condo)
- Total down payment amount
- Credit score & repayment History
- Total debts
- Current Interest rates
- & more!

However, a general rule of thumb (if you have NO debts) would be 4.25x your annual gross income.

The best way to find out your max mortgage amount? Get Pre-approved!

*๐˜Œ๐˜ด๐˜ต๐˜ช๐˜ฎ๐˜ข๐˜ต๐˜ช๐˜ฐ๐˜ฏ๐˜ด ๐˜ข๐˜ณ๐˜ฆ ๐˜ฃ๐˜ข๐˜ด๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฉ๐˜ฆ ๐˜ฆ๐˜ข๐˜ณ๐˜ญ๐˜บ ๐˜‘๐˜ข๐˜ฏ๐˜ถ๐˜ข๐˜ณ๐˜บ 2023 ๐˜ช๐˜ฏ๐˜ต๐˜ฆ๐˜ณ๐˜ฆ๐˜ด๐˜ต ๐˜ณ๐˜ข๐˜ต๐˜ฆ๐˜ด/๐˜ด๐˜ต๐˜ณ๐˜ฆ๐˜ด๐˜ด ๐˜ต๐˜ฆ๐˜ด๐˜ต. ๐˜›๐˜ฉ๐˜ฆ ๐˜ข๐˜ฃ๐˜ฐ๐˜ท๐˜ฆ ๐˜ช๐˜ด ๐˜ง๐˜ฐ๐˜ณ ๐˜ช๐˜ญ๐˜ญ๐˜ถ๐˜ด๐˜ต๐˜ณ๐˜ข๐˜ต๐˜ช๐˜ท๐˜ฆ ๐˜ฑ๐˜ถ๐˜ณ๐˜ฑ๐˜ฐ๐˜ด๐˜ฆ๐˜ด ๐˜ฐ๐˜ฏ๐˜ญ๐˜บ ๐˜ข๐˜ฏ๐˜ฅ ๐˜ด๐˜ฉ๐˜ฐ๐˜ถ๐˜ญ๐˜ฅ ๐˜ฏ๐˜ฐ๐˜ต ๐˜ฃ๐˜ฆ ๐˜ณ๐˜ฆ๐˜ญ๐˜ช๐˜ฆ๐˜ฅ ๐˜ฐ๐˜ฏ ๐˜ต๐˜ฐ ๐˜ฎ๐˜ข๐˜ฌ๐˜ฆ ๐˜ข๐˜ฏ๐˜บ ๐˜ง๐˜ช๐˜ฏ๐˜ข๐˜ฏ๐˜ค๐˜ช๐˜ข๐˜ญ ๐˜ฅ๐˜ฆ๐˜ค๐˜ช๐˜ด๐˜ช๐˜ฐ๐˜ฏ๐˜ด.
๐˜›๐˜ฉ๐˜ช๐˜ด ๐˜ช๐˜ด ๐˜ฏ๐˜ฐ๐˜ต ๐˜ข ๐˜ค๐˜ฐ๐˜ฎ๐˜ฎ๐˜ช๐˜ต๐˜ฎ๐˜ฆ๐˜ฏ๐˜ต ๐˜ต๐˜ฐ ๐˜ญ๐˜ฆ๐˜ฏ๐˜ฅ, ๐˜ฑ๐˜ณ๐˜ฆ-๐˜ข๐˜ฑ๐˜ฑ๐˜ณ๐˜ฐ๐˜ท๐˜ข๐˜ญ ๐˜ฐ๐˜ณ ๐˜ข๐˜ฑ๐˜ฑ๐˜ณ๐˜ฐ๐˜ท๐˜ข๐˜ญ.

Happy Holidays from my family to yours, may your days be filled with joy and eggnog!
12/23/2022

Happy Holidays from my family to yours, may your days be filled with joy and eggnog!

If you're in a position that receives bonus income, we may be able to use that extra income to help you qualify for a la...
12/20/2022

If you're in a position that receives bonus income, we may be able to use that extra income to help you qualify for a larger loan amount. ๐Ÿ 
Lenders like to see consistency in bonus income, meaning we need a minimum two year history.
The best way to prove this to your lender is to show us your 2021 & 2022
T4s or Personal Income Tax Returns (T1s).
Want to learn more about using your bonus income in your mortgage
application? Message me to get started!



Address

113-1289 Highfield Crescent Southeast
Calgary, AB
T2G5M2

Telephone

+14033694741

Website

Alerts

Be the first to know and let us send you an email when Kyle Hoffert Mortage Broker at MMG Mortgages 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 Kyle Hoffert Mortage Broker at MMG Mortgages:

Shortcuts

Featured

Share

Category