Louis Rumantir - Empire Mortgage Group

02/09/2023

Appreciate the recognition Empire Mortgage Group!

Louis “” has built a successful business by focusing on building strong relationships with his clients, partners and lenders. He understands that trust and mutual respect are the cornerstone of any long-lasting business.

The results speaks for itself!!! You’re going to need a new shelf for all that hardware 🏆

12/28/2022

What to consider when getting a mortgage? 🏠

When you shop for a mortgage, your lender or mortgage broker provides you with options. Make sure you understand the options and features. This will help you choose a mortgage that best suits your needs. 👩🏻💼

This includes your:

➡️ mortgage principal amount
➡️ amortization
➡️ payment frequency

Planning to buy a home? Give me a call, and let me help you!

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/27/2022

Canada Mortgage and Housing Corporation (CMHC) 🏘️

The Corporation of the Federal Government that provides mortgage insurance to lenders against borrower default, under the National Housing Act (NHA).

As the national housing agency of Canada, it provides services for the government, the housing industry, and home buyers. It provides federal funding for housing programs, programs for renters and home buyers, mortgage insurance, and financial assistance, including to First Nations and Indigenous communities in Canada. 🏠

To know more about mortgages and CMHC, give me a call 📞

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/26/2022

React below with the emoji that best describes your current situation:

👍 Currently renting

😎Thinking about buying

😀 Homeowner

❤️Thinking about selling

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/23/2022

Where should I go for brunch this weekend? 🍳 Tag your favourite location, so I can check out somewhere new 👇

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/22/2022

A home appraisal may be necessary during the process of buying and selling a home, as well as a refinance of an existing mortgage. 🏠

An appraisal determines the value of the home to ensure that the price reflects the home’s condition, age, location, and features such as the number of bedrooms & bathrooms.

Also, appraisals help banks and lenders avoid loaning more money to the borrower than what the house is worth 💰

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/21/2022

What is a mortgage 🏠

When you buy a home, you may only be able to pay for part of the purchase price. The amount you pay is a down payment. To cover the remaining home purchase costs, you may need help from a lender. A mortgage is a loan you get from a lender to help pay for your home.

A mortgage is a legal contract between you and your lender. It specifies your loan details and is secured on a property, like a house or a condo. 🏢

With a secured loan, the lender has the legal right to take your property. They can do so if you don’t respect the conditions of your mortgage. This includes paying on time and maintaining your home.

Unlike most types of loans, with a mortgage:

➡️ your loan is secured by a property
➡️ you may have a balance owing at the end of your contract
➡️ you normally need to renew your contract multiple times until you finish paying your balance in full
➡️ you may have to meet qualification requirements including passing a stress test
➡️ you need a down payment
➡️ you may need to break your contract and pay a penalty
➡️ your loan is typically for an amount in the hundreds of thousands of dollars

Follow me for more tips 👍🏻

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/20/2022

What does it mean to renew your mortgage? 🤔

When you get a mortgage with a lender, your contract is in effect for a specific period of time (ex: a 5-year fixed term). This is called the mortgage term and it can range from a few months to five years or longer. 🗓️

You have to renew your mortgage at the end of each term unless you pay the balance in full. You'll most likely require multiple terms to repay your mortgage in full. 🏘️

When your mortgage is up for renewal, it’s the perfect time to contact a Mortgage Broker. I can help negotiate a better rate on your behalf, shop around to different lenders and/or help you pull equity out of your home. 🤝

If you have any more questions about renewing your mortgage, feel free to call me or send me a message. 👋

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/19/2022

Top 10 things to do when planning a mortgage
If you're looking to know more about mortgage planning, you can:

1️⃣ Call your Mortgage Broker
2️⃣ Call your Mortgage Broker
3️⃣ Call your Mortgage Broker
4️⃣ Call your Mortgage Broker
5️⃣ Call your Mortgage Broker
6️⃣ Call your Mortgage Broker
7️⃣ Call your Mortgage Broker
8️⃣ Call your Mortgage Broker
9️⃣ Call your Mortgage Broker

AND FINALLY…

🔟 OK I think you get it now 😂

~
📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/16/2022

This is a great quote! Did you know that George Eliot is actually a pen name? It's the name Mary Ann Evans used to write under in the 1800s so she could break away from the stereotype that only women could write romance novels ✨

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/15/2022

Alright! It's time to choose! 🤔

Do you prefer white kitchen cabinets or brown kitchen cabinets? 🏠

Answer in the comment section!

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca

12/14/2022

Mortgage fees can be very confusing, especially when it comes to prepayment privileges and penalties. A prepayment privilege is a Mortgage term that allows you to make a lump sum payment and/or increase your payments up to 20% of the original Mortgage amount without being charged a prepayment penalty (this can vary between lender to lender). This is a great option if you come into some extra money and want to pay off your Mortgage sooner.

However, if you exceed your prepayment privileges, or pay off your mortgage in full (ex: when you sell your home), you may be subject to a penalty. Penalties can range from a a few hundred to dollars, to thousands of dollars. It’s best to consider your long term plans & talk to your broker to find the best mortgage product that suits your needs. This can save you a lot of money in the long run. And, if you are ever unsure about any fees or charges, always ask your Mortgage Broker or lender for clarification.

If you have any more questions about mortgage planning, feel free to call me or send me a message. 👋

📞 647-989-5338
📩 [email protected]
🌐 empiremortgagegroup.ca