Kristyn Opar - The Mortgage Nurse

Kristyn Opar - The Mortgage Nurse I help every client plan and achieve their Real Estate financing goals. Whatever the situation, we have a solution.

Are you ready to buy your dream home in Ontario's competitive real estate market? Don't skip the crucial first step of g...
04/26/2023

Are you ready to buy your dream home in Ontario's competitive real estate market?

Don't skip the crucial first step of getting pre-approved for a mortgage!

In my latest blog post, we'll explore the many benefits of pre-approval, from identifying financial issues to building trust with sellers and speeding up the closing process.

Click the link to learn more and start the pre-approval process today! 🔑🏡❤

https://www.themortgagenurse.com/index.php/blog/post/135/pre-approval-your-secret-weapon-in-a-competitive-ontario-real-estate-market-and-why-you-shouldnt-skip-this-step-when-buying-a-home

🚨Attention all self-employed individuals in Ontario!🚨 Are you struggling to get approved for a mortgage? Don't miss out ...
04/17/2023

🚨Attention all self-employed individuals in Ontario!🚨 Are you struggling to get approved for a mortgage? Don't miss out on the opportunity to own your dream home. 🏠 In our latest blog post, we're breaking down the barriers and providing strategies for overcoming mortgage approval challenges for self-employed individuals in Ontario. 💪 From organizing your finances to working with a mortgage broker, we've got you covered. Don't let these challenges hold you back from achieving your dream of homeownership. Read our blog now and take the first step towards owning your own home! 🏡

https://www.themortgagenurse.com/index.php/blog/post/134/breaking-down-barriers-how-to-overcome-mortgage-approval-challenges-for-self-employed-individuals-in-ontario

A great evening last night at the CMBA gala with some of the HG crew!
04/07/2022

A great evening last night at the CMBA gala with some of the HG crew!

As anticipated, the Bank of Canada announced on Wednesday that the overnight lending rate will increase by +0.25%. If yo...
03/04/2022

As anticipated, the Bank of Canada announced on Wednesday that the overnight lending rate will increase by +0.25%.

If you are in a variable rate mortgage, you can expect to see your payment increase by about $12 per $100K of mortgage per month.

The buzz around increasing rates this week can sound daunting, but remember this: The spread between the current fixed and variable rates is still quite significant (about 1.5%!) with the savings in favor of variable!

The next BoC announcement about interest rates is scheduled for April 13th

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Next Tuesday March 1st is the deadline to contribute for your RRSP for the 2021 tax year! 💸Utilizing your RRSP funds can...
02/23/2022

Next Tuesday March 1st is the deadline to contribute for your RRSP for the 2021 tax year! 💸

Utilizing your RRSP funds can be a fantastic way to help first time buyers achieve home ownership through the Home Buyers’ Plan!

Here are the basics:

⭐ First time buyers can borrow up to $35K each ($70K per couple) from their RRSPs for their down payment, TAX FREE

⭐ The tax kick back from RRSP contributions can go towards the down payment or closing costs

⭐ Funds must be in your RRSP account for at least 90 days before you can withdraw them

⭐ will need to pay back the loan within 15 years, paying at least 1/15th yearly

If you have any questions about the Home Buyers plan, please send me a message! 💌

Its Giveaway Time! 🔥🔥Can you imagine kicking off the summer with a weekend at the cottage? 😎 and I have partnered togeth...
02/02/2022

Its Giveaway Time! 🔥🔥

Can you imagine kicking off the summer with a weekend at the cottage? 😎

and I have partnered together to offer this amazing giveaway!

One lucky person will win a 3-night cottage stay at the prestigious Kennisis Lake in Haliburton from Thursday June 23rd to Sunday June 26th!

To be entered, participants must achieve one of the following:

⭐️ Secure a pre-approval or mortgage commitment with the Mortgage Nurse by April 14th, 2022

⭐️ Secure a signed Agreement of Purchase and Sale with Matthew Gizzie by April 14th, 2022

⭐️ Refer a friend who secures a pre-approval or Mortgage with the Mortgage Nurse, or secures a signed Purchase and Sale Agreement with Matthew Gizzie by April 14th, 2022

The winner will be announced on Friday April 15th, 2022.

You can be entered multiple times, so be sure to share this giveaway with your friends a family! ♥️

You can find more on my latest blog post:

https://www.themortgagenurse.com/index.php/blog/post/130/kennisis-lake-cottage-weekend-giveaway

BANK OF CANADA UPDATE 🏦The Bank of Canada held its key interest rate at 0.25% yesterday but warns that increases could b...
01/27/2022

BANK OF CANADA UPDATE 🏦

The Bank of Canada held its key interest rate at 0.25% yesterday but warns that increases could be on the horizon 📈

The bank slashed its lending rate at the onset of the pandemic in March 2020 to ensure that consumers and businesses had access to cheap lending to help keep the economy afloat.

But two years of rock-bottom lending rates have become a major contributor to inflation, which rose to almost five per cent in Canada last month — its highest level in more than 30 years.

The BoC didn’t outline the timing or pace of its rate increases but did state that the rates will need to increase to help control the rate of inflation.

🗓 The next rate announcement will be March 2nd

If you have any questions about interest rates, please send me a message! 💌

Lets talk VARIABLE 🌟Variable rate mortgages have BOOMED over the past year. With the share of new variable rate mortgag...
01/19/2022

Lets talk VARIABLE 🌟

Variable rate mortgages have BOOMED over the past year. With the share of new variable rate mortgages at 51.3% and fixed-rate at 48.7%, this is the first time in at least five years that variable has taken the lead.

This newfound popularity of the variable rate has been driven by rock bottom rates. The difference between the variable and fixed rates today is around 140 basis points! No wonder variable is getting all the attention 🔥

The variable rate is based off Prime, which is highly influenced by the Bank of Canada’s overnight rate. Today the rate for Prime is 2.45%, a number we haven’t seen this low in over 10 years.

Your variable rate will be a percentage based off prime and will look something like “Prime minus 1%”. So, your actual rate would be 1.45% (prime 2.45% - 1% = 1.45%).

Since your rate is based off Prime, it is subject to change with the Bank of Canadas overnight rate. There are 8 announcements this year that will tell us if Prime has increased, decreased or stayed the same.

Here is a list of the scheduled announcement dates in 2022, you will definitely want to mark these on your calendar!

Wednesday, January 26
Wednesday, March 2
Wednesday, April 13
Wednesday, June 1
Wednesday, July 13
Wednesday, September 7
Wednesday, October 26
Wednesday, December 7

11/17/2021

Your Financial Health. It’s at the ❤ of what we do.

At the Mortgage Nurse, we have access to MORE lenders and MORE products not offered to you by the big banks.

Free yourself from the limits of a single product or institution.

By working with the Mortgage Nurse, you can open up a universe of possibilities and get the financing solutions that truly fit your unique situation 🌟

Specializing in:

✔ First-Time Home Buyers
✔ Refinances
✔ Renewals at Maturity
✔ Investment Properties
✔ Debt Consolidation
✔ Poor Credit
✔ Business for Self
✔ Alternative and Private loans

Please feel free to reach out! I am always happy to chat mortgages ☎

Changes to the stress test are happening today!If you haven’t heard by now, the stress test rate has increased to the gr...
06/01/2021

Changes to the stress test are happening today!

If you haven’t heard by now, the stress test rate has increased to the greater of 5.25% or your mortgage rate +2% (up from 4.79%).

This change will impact the amount buyers can qualify for by about 4-5%.

Please reach out if you want to know how this change will impact you 🙂

Do you want the keys to your new home this year? 🔑 Well we finally made it to February which means that the spring real ...
02/01/2021

Do you want the keys to your new home this year? 🔑

Well we finally made it to February which means that the spring real estate market is just around the corner!

I’ve been working hard this past month preparing buyers with pre-approvals so that they know exactly where they stand financially when searching for their new home.

If you are planning to purchase a home this year, whether it be for yourself or as an investment, I am always happy to assist 😊

01/13/2021

🌟Mortgage Update🌟

What I’ve been busy with in the mortgage world

Address

83 Dawson Manor Boulevard
Newmarket, ON

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

+12892317090

Website

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