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Mortgages By Jeff - TMG The Mortgage Group

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London, ON
Mortgages By Jeff - TMG The Mortgage Group

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Get current news and information as it relates to mortgages in Canada. Purchasing a home or refinancing? Let's chat!

Mortgage advice for home purchases, refinancing and investment purposes.

10/31/2026

Happy Halloween! Stay safe and enjoy the night!

10/27/2026

High-interest debt can become overwhelming quickly, but for homeowners, financial control may be sitting within the equity of your home. By utilizing mortgage refinancing to consolidate accumulated debt into a single mortgage payment, monthly interest costs can be lowered significantly.

Key benefits of this approach:
• Reduced Interest Rates: Mortgage rates are generally lower than credit card or unsecured line of credit rates.
• Improved Cash Flow: Combining multiple payments into one can lower the total monthly debt service, freeing up cash for other priorities.
• Simplified Budgeting: Managing one payment reduces financial stress and administrative complexity.

How to determine if this solution is right for you?
Refinancing requires careful planning, including an assessment of current home equity and eligibility. This isn't about taking on more debt. It is about using the equity you have worked hard to build to get your budget back on track and find some breathing room. Every situation is unique, so let's walk through the numbers together to see if this strategy fits your goals.

10/20/2026

Have you finally found the perfect property, but it needs some TLC to become your dream home?

A Purchase Plus Improvements (PPI) mortgage is a powerful tool for Canadian homebuyers. This mortgage lets you roll renovation costs directly into your mortgage, eliminating the need for separate, high-interest loans or reduced long-term cash flow.

How does it work?
1. Get pre-approved for the cost of the home PLUS the expected cost of renovations
2. Secure renovation quotes, as lenders need these to add to the after-improvement projected values of the home
3. Take possession and renovate - planning to cover the upfront costs before the lender releases them
4. Final inspection will confirm renovations are complete for the lender to release these funds and reimburse your renovation costs

But FIRST: Consult with your mortgage professional to confirm the specific terms and limits available for your purchase.

10/15/2026

Is it an uphill battle in this economy trying to save that 20% down payment for your home? You might be delaying your homeownership timeline for no reason. 🏠

In Canada, you don’t need 20% to get into the housing market. While that magic number does help you avoid Mortgage Default Insurance, it's definitely not the minimum requirement.

If you have a smaller down payment, you’ll pay for Mortgage Default Insurance (often called CMHC insurance). CMHC insurance protects the lender, as it's essentially the "trade-off" that allows you to buy with as little as 5% down. Usually, this premium is added to your total mortgage balance, so you don't have to pay it out of pocket at closing.

Basically, it’s a choice between saving longer for a larger down payment or getting into the market sooner with a slightly higher monthly mortgage payment.

Curious which option makes more sense for your finances? Let's chat.

10/09/2026

I'm so thankful to this community for everyone who has let me help them secure their home!

Happy Thanksgiving weekend!

10/06/2026

More homes are coming onto the market nationally, prices have been relatively stable and sales activity remains softer than it was a year ago. That combination could give buyers a bit more breathing room than they’ve had during some of the more competitive periods of recent years.

Even if you’re not ready to start making offers, there’s value in knowing where you stand today. Now could be a good time to rerun the numbers. Mortgage rates may have changed since you last looked, along with your income, savings, down payment or monthly expenses. A fresh look at the numbers can give you a much clearer idea of what you can comfortably afford now.

The advantage of having more listings available is that you may have more time to compare your options rather than feeling pressured to jump at the first suitable property you see.

If you’ve been sitting on the sidelines, there’s no need to rush back in. But this fall may be a good opportunity to revisit your plans, update your numbers and see whether the market looks any different from the last time you checked.

I’m always happy to help you run through the numbers, look at different scenarios and get a clearer sense of what may be possible for you today.

https://jeffkrieger.ca/

09/23/2026

Fall is officially here, which means the shortest real estate season of the year has begun! The fall market typically winds down by late November.

If you're planning to buy or refinance before the end of the year, that makes right now an ideal window to begin planning your move.

Getting pre-approved is your crucial first step, and being prepared ensures you can act fast when the right opportunity comes along.

Reach out today to get your pre-approval locked in!

09/18/2026

This one is definitely worth talking about!

You've done all the work:
• Pre-approved
• Found the perfect home
• Made the offer
• Offer's accepted
• Finalized your mortgage terms
• Closing date is set

This is where you pause on any other changes – no new credit applications, no major purchases, no job changes.

Why? Because it can affect your mortgage terms and could jeopardize the closing of your home.

Whatever that new change might be will be worth the wait until the home is yours with keys in hand!

09/10/2026

Have an old card you hardly use? Don't close it without considering how it's helping your credit score!

Here's what that old card is doing for you:

• Protecting Your Credit History: Length of history is part of your credit score. This old card is showing Canadian lenders you can manage credit long-term.

• Raising Average Account Age: Keeping older accounts open buffers your score when you apply for new credit lines or mortgages.

• Keeping Utilization Low: Closing a card reduces your total available limit, causing your debt ratio to increase.

Pro Tip: Put a small recurring charge (like Netflix or Spotify) on your oldest card with auto-pay enabled so the bank doesn't cancel it for inactivity.

09/04/2026

Wishing you all a safe and happy Labour Day weekend!

Address

London, ON

Opening Hours

Monday	10am - 5pm
Tuesday	10am - 5pm
Wednesday	10am - 5pm
Thursday	10am - 5pm
Friday	10am - 5pm

Website

http://jeffkrieger.ca/

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