Alexander Dan - Mortgage Specialist

Alexander Dan - Mortgage Specialist My goal is to help Canadian Residents to find best affordable mortgages that match their unique situations.

With over 8 years in the Real Estate Industry, I have been part of strategic planning and deal making on residential and commercial real estate.

🏡Helped my clients find mortgages for two new condominium purchases. 💰This mortgage product will help them save thousand...
05/08/2023

🏡Helped my clients find mortgages for two new condominium purchases.

💰This mortgage product will help them save thousands.

🔥Our mortgage strategy will help them pay down their homes 10-15 years faster.

📈I focus on long-term success, and building wealth for my clients.

Contact me for residential, commercial or construction mortgage assistance.
647-704-6777

Construction Mortgage Funded! - By Alexander Dan🏦 $ 828,000 - equity refinance✅ 100% Loan to Construction (LTC) 🔥Created...
05/06/2023

Construction Mortgage Funded! - By Alexander Dan
🏦 $ 828,000 - equity refinance
✅ 100% Loan to Construction (LTC)
🔥Created potential new rental income of $180,000 per year.
😎 Very Happy client
🏠5 new rental units

Contact me for residential, commercial or construction mortgage help.
647-704-6777

08/26/2022

What is a Bridge Loan?

A bridge loan is a short-term loan. You may need a bridge loan if you own a home, but need funds from the value of your existing home to close a deal on a new one. This loan is usually only available if you already have a signed, unconditional sale offer on your current home.

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Call or Text | 647-704-6777

08/23/2022

What can a Mortgage Broker do for you?

Along with many other things...

- Look at your finances to determine the right type of mortgage product for you.
- Assess and compare proposed mortgages and determine if you meet the lender’s criteria and if the mortgage is suitable for you.
- Gather whatever information and documents are needed, and make sure all the paperwork is complete and submitted for the lender to approve.
- Negotiate with the lender regarding rate and term, liaise during the closing process, provide administration.
- They can also explain the application and approval process and answer any questions you may have, and review the rate, terms and conditions of the mortgage.

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Want to know what else we can do for you?
Call or Text | 647-704-6777

DID YOU KNOW?The earliest use of the word mortgage (spelled morgage) was in the poem Confessio Amantis, which was writte...
08/18/2022

DID YOU KNOW?

The earliest use of the word mortgage (spelled morgage) was in the poem Confessio Amantis, which was written in the 1300s. In that poem, the word was used to describe marriage, not a home loan.

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For more info
Call or Text | 647-704-6777

08/10/2022

A slowdown otherwise known as a recession, means that the pace of the GDP growth has decreased. Countries like India and China are currently faced with an economic slowdown. It means the production and earnings of these economies are not growing at the same pace as, say, last year.

Now in 2022 we have had 2 consecutive quarters with a decreasing GDP ratio which now officially puts us into a recession...

During a recession, the economy struggles, people lose work, companies make fewer sales and the country's overall economic output declines.

Make sure you are preparing yourself and your family for this! As we are already in the midst of it.

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Feel free to Call or Text | 647-704-6777

08/03/2022

❗Rates are expected to fluctuate between 3-8.5% in these next 2-3 years❗

Here's what you can do!

There’s a few solutions in the current rising rate environment:

1. Some Variable rate products behave like a fixed rate to lock in payments.
2. Shared appreciation mortgages allow you to “pay later” so there are no monthly payments. (Google fraction mortgage)
3. Lock in your existing variable rate to a fixed
4. Extended amortization products have been updated to 45 years to help homebuyers qualify for higher loan amounts without increasing monthly payments drastically.

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Call or Text | 647-704-6777

DID YOU KNOW?More than half of all mortgages taken out in the second half of 2021 were variable rate mortgages?An anomal...
07/30/2022

DID YOU KNOW?

More than half of all mortgages taken out in the second half of 2021 were variable rate mortgages?
An anomaly not seen in the last 10 years in a country where people tend to strongly favour fixed rates.

Steep discounts on variable rates, that trend continued for the first two months of 2022 as well, with more than 55 per cent of mortgages being taken out on a variable rate.

Mortgage growth over the last 12 months ramped up to a level not seen since 2008, according to CMHC.

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For more info
Call or Text | 647-704-6777

07/26/2022

❗Rates are expected to fluctuate between 3-8.5% in these next 2-3 years❗

Here's what you can do!

There’s a few solutions in the current rising rate environment:

1. Some Variable rate products behave like a fixed rate to lock in payments.
2. Shared appreciation mortgages allow you to “pay later” so there are no monthly payments. (Google fraction mortgage)
3. Lock in your existing variable rate to a fixed
4. Extended amortization products have been updated to 45 years to help homebuyers qualify for higher loan amounts without increasing monthly payments drastically.

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Call or Text | 647-704-6777

07/25/2022

The current conditions of your mortgage contract may no longer meet your needs. If you want to make changes before the end of your term, you can renegotiate your mortgage contract. This is also known as breaking your mortgage contract.

You may want to break your mortgage contract if:

Interest rates have gone down
-Your financial situation has changed
-You want to buy a new home and are planning on moving
-Your family situation has changed
-Your home no longer meets your needs

MAKE SURE to read your mortgage contract or ask your lender if you can break your mortgage contract!

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Call or Text | 647-704-6777

07/20/2022

One of the most exciting but daunting financial tasks that a person can come up against is the first time purchase of a home. Make sure you do these 5 things!

Check your credit score:
This can seem a moot point but too few people consider it when gearing up to buy their first home. It goes without saying that a home buyer’s credit score is among the most important factors to consider in the context of qualifying for a loan.

Figure out what you need:
Not only is important to figure out what type of home will best suit your needs, but what specific features it will need to boast to support your family’s lifestyle.

Figure out how much can you afford:
There are times when a bank will provide you a loan to the tune of a sum that is north of what is truly needed for the home that fits your family. Do your research!

Determine who is going to help you out:
The process of purchasing a home, especially a first home, can be made much simpler by making use of a professional agent. (hint hint.. right here!)

Always remember the equity:
Buying a home allows you to build equity and, thus, take your first step up the proverbial property latter. This can be a definite positive experience.

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Needing any help regarding this?
Call or Text | 647-704-6777

07/14/2022

My team and I get it done and we get it done right!

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Give me a shout and lets get you going!
Call or Text | 647-704-6777

Address

111 Gordon Baker Road STE 200
North York, ON
M2H3R1

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm

Telephone

+16477046777

Website

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