Cheryl Sanguinetti Mortgages

07/10/2023

It's finally here! The 10 days in the where work seems optional, day drinking is actually morning drinking and you dust off your cowboy boots.

Born and raised in Calgary, I bought my first pair of boots this year! They're full of rhinestones but you know 🤣 It's actually one of the first years in quite some time that I'm actually in town for and I'm looking forward to all of the festivities on deck. Stories to come!

What are some of favourite activities during Stampede?? if you have kids - it's a great week to head to Calaway Park! Ha!

06/30/2023

Proactive approaches to utilizing a Mortgage Broker before you even know what you Want

Okay so I HOPE you know what Mortgage Brokers do right? Help you with a pre-approval, hold a rate, get you financing for your new property etc...

⏬️⏬️But what I really want you to know is that we should be talking even as you are 𝔻𝔼ℂ𝕀𝔻𝕀ℕ𝔾 what direction you should/could go when it comes to home ownership.

I can chat with you about creating a budget, what multiple investment properties could mean for you, and link you up with the right team to get you to your next steps (i.e. one of the superstar Realtors that I work with).

It's never too early to reach out! Let's set you up for success, no matter what path to home ownership that you take. If it's on your radar to buy a home at some point in the future, reach out now!

06/23/2023

☀️Day in Life of Me

My most typical day ('most typical' because you know...kids...they like to throw things for a loop!)...

🖤Wake up before the kids and dive in to my morning routine, which includes drinking 1L of water as soon as I wake up, meditation, journalling, a work out (if I got good sleep the night before), drinking my greens, check my finances (my wealth check as I like to call it)

🖤Start breakfast and lunch for the kids, drag them out of bed 😂(and they're not even teenagers yet!), drop them to school

🖤Get to the office - whether my home office or my office downtown - check my emails and prioritize accordingly

🖤My day consists of working on new and existing mortgages, getting back to clients, lunch with referral partners, returning calls for new inquiries, keeping up to date on the market.

I keep a running list of things to do, grouped by Urgent & Important and Not Urgent & Important, as well as daily repeatable tasks so that nothing gets missed.

🖤On days that I can squeeze it in, I'll also head over to for an infrared sauna and red light therapy

🖤Head home in time for the kiddos, feed them a million snacks

🖤Prepare/Eat Dinner, and do one of the following things - go on a walk (trying for 10k steps a day!), take a kid to a sport, visit my nephew & niece, go to dance class with , prep for the next day

🖤Bedtime is long at my house - I spend about 15 minutes with each of my kiddos, they normally pick 2 to 3 songs they want me to sing to them, combined with back and face tickling, and of course this is when they finally have something to tell me about their day 😂

🖤Ideally I go to bed at a reasonable hour (IDEALLY), but many times I'm talking to before bed or reading a book or netflixing

AND REPEAT! 🖤🖤🖤

What’s one routine you want to start for yourself each day? I’m all ears! ⬇️

06/23/2023

🙌🏽🙌🏽🙌🏽

☀️Howdy y'all☀️The Discovery Ridge Community Association is pleased to announce the Annual Stampede Round-Up Event this Saturday June 24th (4-7pm) at the Discovery Ridge Recreation Area 🤠 This is a FAMILY FRIENDLY event! Everyone is invited 🥳 The event will include (official mascot of the CALGARY STAMPEDE), Line Dance Stampede, TONS OF GAMES, Public Library Book Truck and more. Huge thanks to our sponsors Ron Liepert - MP, Payne Bonnie Cross - Epicure .yyc Maharajah Restaurant 🌈☀️ Rain or Shine! See you Saturday!

06/09/2023

Mortgage Tips to my Younger Self ⭐️

I am currently on my 4th mortgage (for my primary residence that is), and I have learned a lot along the way! Here are some tips I would share with my younger self:

🌟Save for my downpayment early - my first property was $125,000 (now those properties are worth $400,000 🤦🏽‍♀️See below ⬇️ about not selling), and 5% of that is $6,250 in downpayment. I know it was a different time, but there are still many great condos for under $200k out there.

🌟DON'T sell any property! See above ⬆️⬆️ ‼️ Wait until it appreciates enough to give you your downpayment on the next property. For goodness sakes, don't sell!!

🌟Take ADVANTAGE of my variable rate mortgage by setting my payments higher on a new mortgage to pay the mortgage down faster. Now currently variable rates are higher than fixed, but historcally they are lower in the beginning of your mortgage and over time.

🌟 Budget wisely, don't buy more than you need to keep up with the keeping ups! No need to be house poor, balance is a key to happiness!

🌟Buy a property with a suite, garage or other rentable space, and use this extra income to pay the mortgage down (remember, you are working for your next downpayment).

What are some lessons you'd like to tell your younger self? Drop them below ⤵️⤵️⤵️

03/09/2023

Many Canadians who have owned their home for several years have a large amount of equity. With rent prices up on average 10% YoY it is a great time to buy an income property.

Reach out to learn about the finance options available to you.

02/28/2023

Lump sum prepayments are a great way to become mortgage free faster. Most lenders allow you to make a lump sum prepayment up to an annual percentage limit. Comparing prepayment allowances between different lenders when applying for your mortgage is essential.

Send me a message, and we can ensure you get the most out of your Mortgage.

02/22/2023

Mortgage insurance premiums, or default mortgage insurance, typically apply to purchases with a down payment of less than 20%. Some people think that mortgage insurance is tied to personal insurance – this is not the case!

Default mortgage insurance protects lenders from risk when clients have less than 20% down and allow borrowers to put as little as 5% down and access some of the best rates in the market.

If you plan on purchasing a new home, reach out to start the conversation!

02/17/2023

⚡️Pay your Mortgage down Faster

If paying your mortgage off faster is a part of your financial plan, there are a few ways you can do it, with the specifics depending on which lender your mortgage is with:

➡️Utilize your prepayment privileges, whether it is lump sum payments or increasing your mortgage payments. This additional cash goes directly against your principle which reduces both your overall interest cost and the overall amortization of your mortgage (amortization=the length of time it takes to pay your mortgage off).

➡️As part of your prepayment privileges, you can change your mortgage payments to accelerated bi-weekly payment. With this change, you make the equivalent of an extra mortgage payment every year and this can lower the life of your mortgage by a few years. 

➡️If you have the space and it works for your lifestyle, consider renting out your basement or even a room, and then using the cashflow to pay your mortgage down.

➡️Consider contributing to your RRSP and using the tax refund towards paying your mortgage down.

➡️If you want a forced strategy to pay your mortgage down faster, consider lowering your amortization period. This will increase your mortgage payments so it should only be considered if you are confident at your ability to continuously make higher payments.

Strategizing with my clients post-mortgage funding is one of the many complimentary services I offer. If you want to know how much of an impact a prepayment might make for you, book a Discovery Call with me today! 

02/13/2023

If you have owned your home for several years, you most likely have a large amount of equity. You can use this equity to purchase a rental property and increase your monthly cash flow. With rent prices currently up on average 12% Year over Year, combined with a record-high population increase, there has never been a better time to explore owning an income property.

Reach out to explore your options.

02/09/2023

Here are three benefits to buying in today’s market;

1. Higher rates mean less competition giving you more buying power.

2. Prices are finally starting to come down after record-setting years, making buying more affordable.

3. Rates will go back down, and when they do, those who got in the market today will be able to restructure their mortgage and save on interest in the long run.

If you are thinking about buying or have questions, reach out for free, unbiased advice you can trust