Home Mentors.ca

09/12/2022

If you have a January 2023 or before mortgage renewal, you need to contact us!

- There is another possible rate increase for October.
- We offer 120 day rate holds; including if the rates decrease we can float down.
- We can look at refinancing if your credit cards or any debts need paying off to help your situation.
- We can budget for changing rate environments and how much that affects your monthly payment
- Decide if fixed or variable is right for you
- Remember my services are FREE to you.

09/07/2022

Bank of Canada has just announced a key interest rate raise of .75%. Find out what this means for you, your mortgage, or your buying power. 💰🏡

08/24/2022

Many have no idea what options are out there for refinancing…

Creating a budget and going through your life’s expenses is vital during the refinance process.

Many feel relief; others are excited for the changes to their properties/investment.

Let’s book a 1 on 1 and do a mortgage check up!

📲 (226)289-2999
💌 [email protected]

05/24/2022

So you bought a home based on what yours could sell for; and now it won’t sell?

We have had multiple calls and emails this week for this very reason.

In a changing real estate market you 👏🏼 need 👏🏼adaptive 👏🏼financing 👏🏼

Perhaps your bank pre- approval will no longer be valid… but we can offer you the flexibility and plan moving forward.

Perhaps keeping both properties and creating a new investment portfolio is in the cards.

Or using alternative bridge financing for the interim.

We will come up with a comprehensive plan that works for everyone involved.

You need an agent in your corner!

📱or DM us today!

04/14/2022

You probably heard of the increases, Right?

Well if you have been pre approved in the last few months… you will want to get it checked.

See, with the increase of contract rates means you could be now qualifying for less!

Your best plan of action is to speak with a mortgage agent, and have them go over your income and qualifying again to see where you land.

📲Message me today; I’d be happy to help!

03/03/2022

Bank of Canada Increase

You’ve seen it everywhere! But don’t pull the panic button yet!

☑️this is something most knowledgeable people in the industry have been anticipating for months
☑️rates increases will be reflected over Heloc’s, adjustable rate mortgages, variable rate mortgages, and those seeking new fixed mortgages. Call me today to go through your individual situation and how you can mitigate the pressure of the new rates.
☑️we can utilize pre payment options, or look at converting you to fixed. Or potentially early refinance options now; to pay off higher interest debt.
☑️historically variable rates are still the way to go. If your rate is under 3% your saving over a fixed.
☑️working with the correct mortgage partners are key to riding out these changes!

02/03/2022

Mortgages for Self Employed

Has the bank🏦 treated you differently because your self employed?
We have self employed options that are much greater than the banks reach. IF you are/have:
- Sole Proprietorship
- Corporation
- Non Income Qualifying
- Declared Income
- Lots of write offs
- CRA debt that needs to be paid off
✅We don’t even need to see your tax documents.
✅Gain the cash equity you need now to propel your business further.

01/25/2022

Did you know that most of the mortgages we are doing are requiring more than 5% down payment😱

    ⁃    the average home purchase has soared in Canada.
    ⁃    Unless you are finding a purchase below $500,000 the 5% down is not enough.
    ⁃    For purchases over $500,000 the minimum amount down is 5% on the first $500k and 10% of the amount over $500k
    ⁃    For example a $700,000 purchase requires the following
    ⁃    5% of $500,000 = $25,000
    ⁃    10% of $200,000= $20,000
    ⁃    Minimum Down Payment Required= $45,000
    ⁃    Please also keep in mind you need to prove closing costs, a good rule of thumb is 1.5% of the purchase price available for closing costs.
    ⁃    There are lots of down payment options out there, including: borrowed down payment, gifted down payment, Using your RRSP for down payment.
    ⁃    Let’s chat today about your options!
    📲519-854-4565

01/20/2022

Why Banks Suck 🏦
⚪️We had a client this week who came to us and said “I have no mortgage!” I would like to use my equity to start investing in rental properties!
🏠 When we pulled title, a major bank had a charge for over $250k on his home. He was shocked!
❌a collateral charge for more than your mortgage or even if you paid off your mortgage could be registered on your home.
❌Major banks do this to keep your business and make it difficult for you to leave
❌They position it as; “when you need to borrow again, we don’t need to go through these loops of approvals.”
❌But what they aren’t telling you, is that if you want to move to a better rate or mortgage product somewhere else, it requires discharges and possible pay offs of “other loans” that you have with that bank.
✅In my opinion it’s tricky, and sneaky.
✅Another reason a banker is not a mortgage professional.
✅Leave it to the experts; we aren’t tied to one bank and we have your best interest in mind!
📲 call/ email today!

Application in bio ⬆️

01/13/2022

WHY NOW?

✅We are seeing record valuations throughout Ontario.
✅Rates are still at historic low’s
✅Rates are set to increase
✅We have programs for almost any credit/job/ self-employed situation.
✅If you have been turned down by the banks you need to speak with us.
✅Pay down higher interest credit cards, lines of credit, etc.
✅Renovate your existing space to make it brand new!
✅Purchase an investment property

✨Whatever the reason, reach out and see if now is the time to refinance your mortgage.

✨Purchases, renewals, refinances, private mortgages, loans.

homementors.ca
📲(519)854-4565

07/09/2021

So exciting to see what this will do for the surrounding community! 😍

The construction firm that is the builder for Amazon announced Thursday it bought the 622-acre former Ford assembly plant site in Talbotville.