Suraj Mohan - Akal Mortgages

Suraj Mohan - Akal Mortgages I can find the perfect mortgage for you.

Mortgage Alliance is the most recognized and trusted mortgage brokerage in Canada and as a Mortgage Alliance professional, I have the expertise to get the Right Mortgage for your immediate and future needs.

Ready to unlock the benefits of refinancing your mortgage? Here's why it can be a game-changer:📌 Lower Monthly Payments:...
03/26/2024

Ready to unlock the benefits of refinancing your mortgage? Here's why it can be a game-changer:

📌 Lower Monthly Payments: Refinancing to pay off high-interest debt can potentially lower your overall monthly payments and free up more cash each month.

📌 Cash Out: Tap into your home's equity for renovations or other financial goals.

📌 Shorten Your Term: Switch to a shorter loan term and save thousands in interest over time.

📌 Flexible Terms: Customize your mortgage to better fit your current financial situation.

Ready to reap the rewards? Let's explore your refinancing options today!

🏡 Dreaming of owning your own home? Here's why getting pre-approved for a mortgage is your essential first step:📌 Know y...
03/20/2024

🏡 Dreaming of owning your own home? Here's why getting pre-approved for a mortgage is your essential first step:

📌 Know your budget: Pre-approval tells you exactly how much house you can afford, helping you focus your search within your means.

📌 Competitive advantage: Sellers take pre-approved buyers more seriously, giving you an edge in negotiations and increasing your chances of landing your dream home.

📌 Faster process: With a pre-approval, the mortgage application process is streamlined, making your offer more attractive and reducing closing times.

📌 Rate lock: Secure a favourable interest rate early, protecting you from potential rate hikes while you shop for your home.

Don't wait - get pre-approved and turn your homeownership dreams into reality!

🏠 If your mortgage is coming up for renewal, you need to prepare for higher rates. Here are three ways you can prepare f...
03/12/2024

🏠 If your mortgage is coming up for renewal, you need to prepare for higher rates. Here are three ways you can prepare for higher rates at renewal:

1. Boost payments with prepayment privileges to lower principal.
2. Watch your high-interest debt.
3. If you are thinking about moving, get pre-approved, but don't max out borrowing limits.

Early advice is key! Reach out for personalized strategies.

Self-employed? We're here to unlock opportunities, not build obstacles! I have exclusive access to lenders who understan...
03/05/2024

Self-employed? We're here to unlock opportunities, not build obstacles! I have exclusive access to lenders who understand the needs of self-employed individuals. Together, will evaluate your unique circumstances and guide you on the best approach.

Supporting self-employed borrowers is one of my core strengths! Reach out today for a free consultation.

Fixed or Variable? It really depends on you and your families risk tolerance. A mortgage should be part of your financia...
02/26/2024

Fixed or Variable? It really depends on you and your families risk tolerance. A mortgage should be part of your financial plan and you should consider a number of personal factors, such as how long you plan to own the home.

If you take a long-term fixed rate and end up breaking the mortgage, the penalties could be very high. The best thing to do is to reach out, and together we will map out a few scenarios and outcomes. Then you can use that information to make an informed decision.

The housing market has cooled off from the peak in February 2022 and mortgage rates have begun a downward climb with mos...
02/21/2024

The housing market has cooled off from the peak in February 2022 and mortgage rates have begun a downward climb with most experts predicting this trend to continue.

Lower rates combined with a chronic housing shortage all point to the housing market heating up again. Buying now means you pay less for your home and when the market rebounds, the value of your home increases.

This is a moment of opportunity!

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for i...
02/13/2024

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. Depending on your qualifications, a second mortgage will allow you to access 80% - 95% of your home equity.

One of the attractive things about second mortgages is the payment. In most cases, you can pay interest only or interest plus the amount of principal you select.

For more information, reach out for a free consultation.

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many ...
01/29/2024

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many reasons. Take a look at 3 common reasons to refinance your mortgage. 🏠

👉 To consolidate high-interest debt
👉 To fund home renovations
👉 Access lowest-cost funds for a large expense

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mo...
01/16/2024

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mortgages, refinances, 30-year amortizations, and rental properties.

Rates are also used as a lure in online rate ads. But the reality is that once the fine print is read, many will find they don’t qualify for that rate, and often, there are restrictions that could cost homeowners in the long run.

If you see an online rate ad, do all the research you can, but be sure to call me to discuss. It’s my job to understand your situation and look out for your best interests.

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will o...
01/04/2024

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will often send you an early renewal offer during the period. It is important to know that early renewal offers are usually uncompetitive. Your best option is to reach out and explore your options!

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are bene...
12/28/2023

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as;

📌 Less competition, which gives the buyer more edge.
📌 Prices are coming down from the record highs, making homes more affordable.

What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run.

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready ...
12/19/2023

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are:

1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal.

2. Watch your bad debt. Be cautious about any credit card or other high-interest debt.

It is not about panicking; it’s about being prudent. Reach out to determine your best strategies.

Address

202-120 Traders Boulevard E
Mississauga, ON
L4Z2H7

Telephone

+14168975357

Website

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