Liane Anderson Mortgage Specialist

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Canada
Montreal, QC
Liane Anderson Mortgage Specialist

Mortgage Specialist

03/24/2025

🏡 Ready to Buy a Home? Let’s Make It Happen! 🔑

Dreaming of homeownership but not sure where to start? Whether you’re a first-time buyer or looking for your next home, getting pre-approved is the key to a smooth and stress-free journey!

Why Get Pre-Approved?
✅ Know exactly how much home you can afford
✅ Get a competitive edge in this market
✅ Lock in the best rates for your budget
✅ Avoid last-minute surprises!

I’m here to guide you through the process and make home financing simple & stress-free! 🏡💙

📩 DM me today so we can get you one step closer to your dream home! 🏠✨

02/22/2024

🏠 Mortgage Loan Insurance is required when purchasing a property with less than a 20% down payment.

▫️This premium is generally added onto your mortgage, not paid upfront.

▫️The premium is calculated as a percentage of the loan and is based on the size of your down payment.
The higher the percentage of the total house price/ value that you borrow, the higher percentage you will pay in insurance premiums.

Ex: Purchase Price $750,000
Minimum Down Payment $50,000
Mortgage Amount Before Insurance $700,000
Insurance Premium 4% of $700,000 = $28,000
New Total Mortgage Amount: $728,000

▶️ Swipe to see premiums charged by CMHC

11/28/2023

Rate shopping 📈💵:

Don't just accept the renewal offered by your current lender without shopping around. This is where a mortgage specialist comes in handy to help you get the best possible rate and terms for your loan.

Reach out today to discuss renewal options. We will work together to best meet your needs and save you the most amount of 💵 as possible!

09/27/2023

Did you know, you can access your credit report monthly for FREE ⁉️

It's important to monitor your credit and here's why:

🚫 Credit Fraud! Yes, it's a real threat. Fraudsters can open credit accounts in your name, max them out, and leave you with the bill. Your credit score takes a major hit, and resolving it can be a lengthy process!

🔄 Incorrect Reporting: Outdated debts or unpaid collections appearing on your report when they shouldn't? This misinformation can harm your creditworthiness.

🤷‍♂️ Errors Happen: Sometimes, companies input incorrect information, like your SIN #, which could end up on someone else's credit report. Timely monitoring helps you catch and correct these issues.

🔍 Monitor & Rebuild: Keeping an eye on your credit report and score guides you in identifying areas to improve when rebuilding your credit. Stay ahead of the game, especially when planning significant financial moves like a mortgage application!

Head over to www.equifax.ca & get your free equifax score & report! It can be online, or even mailed to you!

09/26/2023

As of April 1, 2023, prospective first-time home buyers can open a first home savings account (FHSA) allowing them to save for their first home tax-free (up to certain limits).

▪️The FHSA, allows an $8,000 annual contribution limit in addition to a $40,000 lifetime contribution limit.

▪️Contributions are tax-deductible, and withdrawals to purchase a first home are not required to be included in your income

▪️An individual would be allowed to carry forward unused portions of their annual contribution limit up to a maximum of $8,000.

▪️To open an FHSA, an individual must be a resident of Canada and at least 18 years of age. In addition, an individual must be a first-time home buyer, meaning that they have not owned a home in which they lived at any time during the part of the calendar year before the account is opened or at any time in the preceding four calendar years.

▪️In order for an FHSA withdrawal to be a qualifying (i.e., non-taxable) withdrawal, certain conditions must be met, including these two important ones:
▫️A taxpayer must be a first-time home buyer at the time a withdrawal is made. Specifically, the taxpayer could not have owned a home in which they lived at any time during the part of the calendar year before the withdrawal is made or at any time in the preceding four calendar years.
▫️The taxpayer must also have a written agreement to buy or build a qualifying home before October 1 of the year following the date of withdrawal and intend to occupy the qualifying home as their principal place of residence within one year after buying or building it.

Provided the taxpayer meets all the qualifying withdrawal conditions, the entire amount of available FHSA funds may be withdrawn on a tax-free basis in a single withdrawal or a series of withdrawals.

*To learn more about the FHSA and all conditions, please visit https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/first-home-savings-account.html

As always, my you can reach out to me directly to discuss the best strategies to help achieve your goals as a homeowner 🏠 💴

06/27/2023

Mortgage applications are much simpler than you think when you have the proper guidance.

Contact me for any questions about the home financing process 📞

06/15/2023

How can a pre-approval help you during the home buying process? Here are a few key benefits you need to know 🔑 🏠

1️⃣ Competitive Edge: Stand out as a serious buyer in the housing market. With a pre-approval letter in hand, sellers and agents will see you as a serious buyer. It boosts your credibility and shows that you're financially prepared to make an offer.

2️⃣ Clear Budget: Understand what you can afford and avoid wasting time on unattainable homes. With a pre-approval, you can focus on properties that align with your budget, eliminating any uncertainty about affordability.

3️⃣ Faster Mortgage Process: Once you find your dream home, a pre-approval expedites the loan application process. With some of the groundwork already done, you'll experience a smoother, quicker closing process, bringing you closer to homeownership.

4️⃣ Rate Protection: A pre-approval allows you to lock in a favorable rate for a certain period, shielding you from potential rate hikes. It gives you peace of mind, knowing you're getting the best possible financing terms.

Take the first step to your dream home with mortgage pre-approval! 🌟

05/09/2023

Mortgage default insurance is required by the Government of Canada when your down payment is less than 20% and will protect your lending institution in the event that you are unable to make your mortgage payments. 💵

In addition to a smaller down payment, you can secure a competitive interest rate which can help you get into the housing market earlier! 🏠

You, the home buyer, pay the mortgage insurance. It’s a one-time charge that you can pay in a lump sum when your mortgage begins or you can have the amount added to your mortgage balance and pay it off over time. There may also be applicable government sales taxes, which must be paid up front. Your lender will apply for the purchase of mortgage insurance during your approval process. 📄

Have more questions? Let’s connect to discuss your unique situation! 📞

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L’assurance prêt hypothécaire est requise par le gouvernement du Canada lorsque votre mise de fonds représente moins de 20 % de la valeur de la propriété. Elle protège votre établissement de crédit dans l’éventualité où vous ne seriez pas en mesure d’effectuer vos versements hypothécaires. 💵

En plus d’une mise de fonds inférieure à 20%, vous pouvez obtenir un taux d’intérêt concurrentiel et avoir l’occasion de devenir propriétaire plus rapidement! 🏠

C’est vous, l’acheteur de la maison, qui payez l’assurance prêt hypothécaire. Il s’agit d’un montant unique que vous pouvez payer en un versement forfaitaire à l’établissement de votre prêt ou ajouter à votre solde hypothécaire et rembourser au fil du temps. Des taxes de vente peuvent également s’appliquer, et elles doivent être payées immédiatement. Votre prêteur soumettra une proposition de souscription d’assurance prêt hypothécaire durant le processus d’approbation. 📄

Vous avez des questions? Prêt à débuter? Parlons-en! 📞

05/04/2023

Ready to take the leap into homeownership? Start by mastering these 3 key mortgage terms! 🏡💸

If you have any questions about home financing, contact me today 📞

05/03/2023

Checking your credit report is an important step in understanding your financial health and ensuring the accuracy of your credit information. I highly recommend taking advantage of this opportunity and reviewing your credit report regularly.

Equifax and TransUnion allow you to access your credit report online for free. Click on the link in my bio to be directed to the CRA website with links to each.

Contact me today to learn more about how your credit report impacts your ability to secure a mortgage.

05/02/2023

Dreaming of owning a home? Start by understanding the minimum down payment requirements. See the breakdown above 👆🏻🏠

04/27/2023

Maximize the power of your home's equity with a homeowner's line of credit! 💰💪

With flexible borrowing options you can access what you need, when you need it.

Link in bio to find out more.

Address

Montreal, QC

Telephone

+15142618194

Website

https://linktr.ee/lianeandersonmortgages

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