Kim Rankin, Crescent Mortgage Corporation

04/14/2022

Call me to discuss your mortgage options

Follow central bank with 50 basis point rise

01/13/2022

CMHC TO REVIEW INVESTMENT PROPERTY DOWNPAYMENTS!!

It’s no secret that the federal government is eyeing reforms to investment properties in an effort to help reel in runaway house prices.

In a mandate letter sent from the Prime Minister in December, Housing Minister Ahmed Hussen was specifically directed to “review the down payment requirements for investment properties” and develop policies to “curb excessive profits” in that housing segment.

In 2021, over a quarter of all home purchases were made by buyers who already own a home—investors in many cases—according to data from Teranet.

“…our government is looking at every tool at our disposal to tackle these challenges head on,” the Ministry of Housing and Diversity and Inclusion and Canada Mortgage and Housing Corporation (CMHC) told the Financial Post in a statement. “By developing policies to curb excessive profits in investment properties, protecting small independent landlords and Canadian families, and reviewing the down payment requirements for investment properties, we are targeting the issues the market is facing from multiple angles.”

The government has not yet released details on potential changes to investment property down payment rules that are being considered, nor has it provided a timeline for any announcements.

Currently, non-owner-occupied rental properties in Canada with up to four units require a down payment of at least 20% by most lenders.

Mortgage expert Rob McLister told the Financial Post on Wednesday that a five percentage-point-increase to the minimum down payment would likely slow investment purchases “incrementally,” while implementing a 35% minimum down payment would “substantially slow” such purchases.

He added that regulators could also introduce restrictions on the use of borrowed money, such as home equity lines of credit, to fund down payments.

10/16/2020

During these challenging personal times, you need a Mortgage Specialist that is experienced in separation and divorce. Working with me to help guide you through buying each other out or selling the property will save you stress that you don't need right now.

Having worked with many clients through this, they were able to start their new journey because they had me on their team as their life changed.

Reach out today confidentially to discuss your best options.

~ Kim
Mortgage Strategist
905-903-0305

10/13/2020

Let's look at all your debt when refinancing your mortgage. Sometimes it makes sense to roll all debt together into your mortgage and you can benefit from overall less cash being spent against paying debt monthly.

This is just one of the benefits of working with me. I look for the best possible solution for you and your current financial situation.

I work for you, not the bank.

~Kim Rankin

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10/07/2020

With historically low mortgage rates- now is a the time to buy!

You should always get preapproved before you start your home buying process.

There are many mortgage options available to you and a quick conversation can start you down the path towards home ownership.

Some of the benefits of working with me instead of a bank are that I have 30 different lending partners instead of only offering you what's available at the bank, if your bank has turned you away...I likely have a solution for you, I work around your schedule....I don't work 9-5pm.

~Kim Rankin
905-903-0305

10/05/2020

Doing comparison shopping takes time plus when you only look at your mortgage rate when it's up for renewal you need to re-educate yourself on terminology, recently written blogs and articles to be able to feel confident in your decision.

Does this sound like something you want to do in your spare time?

The other option is to reach out to me.

✔️I will save you the hours of research and comparison on line.
✔️You will receive personalized service that is manageable on your schedule.
✔️We can meet up however you like- call, coffee, text, Zoom etc.
✔️You will make a decision with confidence with me your trusted mortgage partner.

Contact me today.

~ Kim
905-903-0305

10/01/2020

Trees are changing colours!

If you are paying more than 4% on your mortgage, you are likely paying too much.

Whether your mortgage is due now or not, you need to check your rate and contact me about getting the best rate possible. Sometimes paying the penalty to break your mortgage makes the most sense in the long term.

Take advantage now to the upside upside of COVID- historically lowest mortgage rates!

~Kim Rankin

09/27/2020

Save time and aggravation working with me.

First mortgages, second mortgages for a new cottage, reverse mortgages, refinancing...whatever you need I have a mortgage product that is right for you.

Not sure what you need? Don't worry- a discussion with me can sort that out quickly for you.

Kim
Mortgage Broker
30 years of experience

09/25/2020

It's a competitive market right now for home buying. First step before diving into the process, before even looking at one home on line is to get pre-approved for your home mortgage.

Then the steps to home ownership will be so much easier to manage.

Reach out today to discuss.

Kim
Mortgage Broker

09/23/2020

When you are ready to start fresh or start over...you will need the help of an expert to get pre-approved before you start your home search. Save yourself the heartache of falling in love with a property that you could lose if you skip the step of mortgage pre-approval.

Speaking with me as soon as possible will help you keep doing cartwheels all the way to that new home you deserve!

Reach out today to chat.

Kim
Mortgage Broker
30 years of experience with multiple lending options available

09/17/2020

This is a question I am often asked and the answer depends.

How much do you want to stretch? That's the first question.

Then you have to get real with what stretching would mean for you in a monthly dollar value and how much that would change your current lifestyle.

It's all about choices on where you want to spend your money.

Kim Rankin
Mortgage Broker

Reach out today!

09/14/2020

Years of experience in life and in mortgages. You need that combination to help you through your new mortgage, reverse mortgage, your first time mortgage, or breaking your current term to get the historically low rates happening now.

Trust in someone who has life experience.
Reach out today.

Kim