Joshua McGillivray - MortgageWell

11/09/2024

🎉 Get a Free Appraisal on Your Next Home Purchase or Refinance! 🎉

I'm offering a $375 rebate on home appraisals with select lenders—available now through December 31, 2024! Fund your mortgage with me, and we’ll cover the appraisal cost.

What would you do with an extra $375?

Interested? Click the link below for more details, and let’s get you started on your journey home! 🏡

https://calendly.com/mcgilmortgages

09/25/2024

As interest rates drop and wages rise, Ontario homebuyers benefit. Curious about your purchasing power? Contact me to discuss. 🏠

10/26/2023

🔔The Bank of Canada (BoC) announces they are holding key interest rates at 5%.

Much to the relief of millions of Canadians, the Bank of Canada announced today that it is holding the line on interest rates. After 10 increases since March of 2022, the overnight rate stays at 5.0% for now.

What does that mean for current mortgage holders? If you have a variable mortgage - no change to your monthly payment 👏👏
And if you have a fixed rate or are currently in the market to buy, this is a good sign for future rates!

Whatever your situation, if you are looking for responsive service and reliable mortgage solutions, feel free to send me a message!

10/18/2023

📉Canada's inflation rate report - what it means and how it will affect mortgage rates:

Canada's inflation rate unexpectedly dipped in September, a sign that higher interest rates are having their intended effect, and that the Bank Of Canada (BOC) may not need to raise them further.

The level of inflation still remains too high for comfort, as housing costs rose 6% in September, matching the annual gain seen in August. Rents jumped 7.3% in September, up from 6.5% in the previous month, a sign of how Canada's housing shortage is affecting the numbers.

The Bank of Canada is set to make another interest rate decision on Oct. 25, and while Canada's bank regulator says it won't relax stress tests on mortgages, the slowdown in most measures of inflation combined with the lower volatility across categories should easily give the Bank of Canada enough confidence to hold rates next week

08/22/2023

Excited to be starting with a great team at MortgageWell

🌟 Introducing Our New Mortgage Agent! 🌟

Join us in welcoming Joshua McGillivray to the team! 🏡🔑

Hailing from Cornwall, ON, Joshua is not only a skilled Mortgage Agent but also a seasoned real estate investor. His insights into investment properties and the home-buying process are unmatched.

Whether you're expanding your portfolio or buying your first home, Joshua's expertise has you covered. Give a warm welcome to Joshua and get ready for a successful journey ahead! 🎉🥂

05/24/2022

How do you know when it's time to move?
Check out these telltale signs that mean you’re likely ready to take the leap.

If this sounds like you, whether you're thinking about buying a home, building, or refinancing to update your current home, I'm here to help you and guide you along the way so you can feel at ease through the process.

Reach out today or book a time for your free mortgage strategy session here: https://calendly.com/mcgilmortgages/strategycall

05/13/2022

Don't lose sleep over finding the perfect mortgage.
Leave the leg work to me! I can get you the most suitable and competitive mortgage for your needs and make sure the process runs as smooth and efficient as possible.

Questions about getting started? Send me a message!
Interested in what you can afford or what your mortgage payments would be?
Check out my Mortgage Toolbox:
https://www.dlcapp.ca/app/joshua-mcgillivray

05/08/2022

A very Happy Mothers' Day to all mothers and mother-figures out there. ❤️

05/05/2022

Whether you’re buying or selling this spring, here’s what you need to know to succeed in the current housing market.

Last year was full of surprises for the housing market.

As we can see from 2021 trends and a steady exodus from major cities, we’re amid a continuous rise in homebuying in smaller cities, towns, and rural spaces - like Cornwall and SD&G. But, the hot prices and bidding wars may relax a bit in 2022 because of the rise in interest rates.

So, what are the best practices for approaching this spring 2022 market?
Expect buyers to purchase earlier rather than later this spring due to the rising interest rates. That’s why it’s more important than ever to prepare for a spring market; you’ll want to be ready for fast, informed decisions as a buyer and multiple bids as a seller.

Are you preparing to buy in the spring homebuying season?
If you’re a buyer, get started early with a prequalification, or even better - a preapproval - so you’re ready to make a clean offer when you find the right fit.

Get prequalified in less than 2 minutes using My Mortgage Toolbox App:
https://www.dlcapp.ca/app/joshua-mcgillivray

Or to get a preapproval, contact me today!

04/17/2022

To all who celebrate, happy Easter 🐣
(And remember, calories don't count on the holidays!)

04/13/2022

As I am sure you have heard already at least once today: mortgage rates are going up. 📈

Today the Bank of Canada raised its benchmark rate to 1%. That means that they have added a 1/2 percent raise to the prime lending rate.

Don't panic. Let's evaluate and look at what this means for you:

If you are in a fixed-rate mortgage, nothing. Your payments will remain the same. Nothing changes.

If you are in an adjustable-rate or variable rate mortgage, you will still continue to receive your discount off of prime. Yes it will be going up by a little bit. (About $24/month on every $100,000 you have borrowed). But, variable rates are still much lower than today's fixed rates.

If this is stressing you out, reach out and I can run the numbers for you. Now is not a time to panic.

Are you currently in the market for a mortgage? This doesn't mean you should wait to purchase a home or secure your investment property. Experts say waiting is risky because rates are forecast to continue rising this year. That means acting sooner rather than later could save you money in the long run. Contact me if you’re ready to act on your homeownership goal today.

Lets make sure that your money is working for you!

Send me a message, or you can book a call with me here:
https://calendly.com/mcgilmortgages/strategycall

04/11/2022

Have 60 seconds to spare? That's all the time it takes to find out the mortgage you can qualify for! It jump starts the approval process so that we can get you accurately house hunting even sooner.

Plus there's a bunch of other valuable tools, including:
• Payment Calculator
• Stress Test
• All Possible Payments
• Minimum Down Payment
• Total Monthly Ownership
• Closing Cost Calculator
• Affordability Calculator
• Maximum Loan Calculator
• Extra Payments Calculator
• And more!

Download My Mortgage Toolbox app now to get started📲
https://www.dlcapp.ca/app/joshua-mcgillivray