Elizabeth Stansell - Mortgage Architects Bennett Capital Group

Elizabeth Stansell - Mortgage Architects Bennett Capital Group Mortgage Agent with Mortgage Architects Bennett Capital Group. Providing financing for the purchase, renewal, transfer or refinancing of home mortgages.

Mortgage Agent M11002135

07/05/2021

Officially Retired!! If you are looking for a referral please contact me at +12269897676, always happy to help!!

11/03/2020

i would like to take this opportunity to thank all of my clients for their trust allowing me to help and guide them in one of the largest financial decisions of their lives. I would like you to know that I have ‘mostly’ retired. I have been consulting and providing support to those clients that have wanted assistance in arranging their mortgage while I wind down my business.

07/30/2019

A bright fresh kitchen for this beautiful home set in the country. We added a huge island for friends and family to gather around.

This photo is from our Book Rd project.
📷

01/15/2018

My last post talked about the new mortgage rules affecting both new and existing mortgage customers ability to qualify for a mortgage. I wanted to let you know as a mortgage agent I have lenders that are not required to follow the new guidelines. If you are concerned about the amount of mortgage you can qualify for, give me a call. I am happy to go through the numbers with you. I'm here to help!! 226-989-7676

11/01/2017

New mortgage rules again!! Effective January 1, 2018 the new minimum qualifying rate (stress test) for uninsured mortgages (less then 80% loan to value) will be the greater of the 5 year benchmark (4.89%) published by the Bank of Canada or the contractual mortgage rate plus 2%. Please note that the qualifier rate is not your mortgage rate, it is the rate the lender must use to ensure you can afford any major rate increase.. Mortgage rates for a 5 year term are still between 3.09% and 3.49% depending on the lender.
If you have any questions regarding your ability to qualify for a mortgage please give me a call. I'm here to help. 226.989.7676

03/08/2017

Just a reminder that on March 17, 2017 CMHC will increase their high ratio insurance premiums again. If you are looking for a mortgage don't wait. The delay could cost you! Please call 226.989.7676. I'm here to help!

01/18/2017

Please DO NOT automatically renew your mortgage with your existing Bank. The renewal rates offered are usually 1.5 to 2% higher than rates offered to new customers. Were you aware of that?? I had a meeting with a Banker a few weeks ago and have not been able to get the conversation out of my mind. This gentleman was laughing about the money the Banks make on mortgage renewals, given the fact " most customers would rather just sign a renewal document than have to go through the aggravation of having to qualify for a new mortgage." Do you have any idea the money...your money you could save simply by moving your mortgage., usually at no cost to you The difference could be thousands of dollars over the life of your mortgage.
So, when you receive your renewal document from the Bank, do me a favor and give me a call. I will be happy to compare rates and payments for you based on what other lenders are offering. At least make an educated decision before you sign the renewal. This person went on to say the Bank's mortgage renewal rate is approximately 60%. Then he laughed again!!! I can be reached at 226.989.7676. I'm here to help!

12/15/2016

I wanted to take a moment to wish all a very Merry Christmas. May you believe in the magic....feel the wonder and celebrate the love that is this holiday season.

11/10/2016

Thinking about buying your first home? Were you aware with the Home Buyers’ Plan you can withdraw individually $25,000 or $50,000 with a spouse from your RRSP tax-free. A repayment plan is provided at time of withdrawal.
No RRSP’s, a gifted downpayment from an immediate family member is also acceptable as long as there is no requirement for repayment.
The new requirement to qualify for a high ratio mortgage (home purchase with less than a 20% downpayment) at a base rate might lessen your buying power but should not take you out of the market. The current mortgage rates are still the lowest they have ever been, and yes your mortgage payments will be calculated and administered at the lower rate. Sound confusing, give me a call. I’m here to help. 226.989.7676

10/18/2016

As of October 17th, only borrowers with less than 20% down payment are required to qualify at the Bank of Canada rate. Down payments greater than 20% will not have to qualify at the BoC rate until November 30. Given that the recent changes in mortgage qualification can be confusing, should you be looking for a simple explanation just call 226.989.7676. I am here to help!

04/22/2016

Time to review your financial situation. Perhaps consolidate your credit card debt, a first and second mortgage, whatever the need is, I'm here to help. Just give me a call 226.989.7676

Address

629 Guelph Street
Kitchener, ON
N2H5Y5

Telephone

+12269897676

Website

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