Amir Sperling - Mortgage Agent - Dominion Lending Centres

03/09/2021

Mortgage brokers have more access – brokers are YOUR personal shoppers! There are dozens of lenders in Canada and we will shop this big market for you while you relax and wait for the best results.

Did you know? Mortgage Brokers have access to MORE rates and lenders than the bank. The bank brokers only have access to their rates, no one else’s.

03/08/2021

I am giving away FREE Purview property appraisals to the first 10 people that get back to me!

Purview is a report that shows the names on title, estimated property value, estimated equity, mortgages (when, with who, how much), and comparable properties for nearly all residential properties in Ontario. See the pictures for an example.

Why would you want this report? A few reasons. You may just be curious or you may be thinking of refinancing your home (taking out some equity) for renovations or to pay off some debt. Either way, it's an interesting report and I'm happy to share. In the example report the person has borrowed more than the house is worth, so they would be incapable of refinancing.

Why only 10? I only have a limited number of these reports that I'm able to pull each month and I need to save most of them to send to lenders to evaluate my clients' mortgage requests.

Thank you!

03/08/2021

Today is International Women's Day. The theme is "Choose to Challenge".

From the IWD website:

"... We can all choose to challenge and call out gender bias and inequality. We can all choose to seek out and celebrate women's achievements. Collectively, we can all help create an inclusive world.

From challenge comes change, so let's all choose to challenge."

There are multiple grants and contributions programs for women in industries where they are under-represented. The Apprenticeship Incentive Grant for Women is one but there are others.

Today (every day, but especially today), I am grateful to have been raised by and supported by strong women - my wife Kayla, my mother, my sister, my aunts and my late grandmother.

Apprenticeship Incentive Grant for Women (AIG-W)

03/05/2021

Buying your biggest asset is not always easy. You need cash on closing above just your hard saved down payment, which are known as closing costs such as taxes, lawyers and appraisers - just to name a few. Mandatory closing costs can range between 1 and 4 per cent of the purchase price.

03/04/2021

Fixed mortgage rates have gone up and may continue to do so. If you're ever trying to predict if fixed mortgage rates will rise or fall, check the the government bond yield. Fixed interest rates for mortgages generally go up and down with the government bond yield but with a slight lag. Look at the exponential rise in the chart below, starting in February.

Bottom line - if you're thinking of buying a house, follow the government bond yield. If you see it's gone up, make sure you lock in your rate with a pre-approval before the rates jump. Better yet, get your mortgage agent involved right away and lock in your 120 day pre-approval from the beginning.

03/03/2021

Did you know? Using a mortgage broker can: 1) save you time when it comes to applying to lenders, 2) often result in a better mortgage rate than a bank, 3) ensure unbiased advice and greater choice, 4) save you money as they are
compensated directly by the lender and most of the time there is no cost to the customer.

03/02/2021

Did you know? Nearly 60% of borrowers simply sign and send
back their renewal that is first offered to them by their lender
without ever shopping around for a more favourable interest rate.

02/26/2021

There is a mortgage out there for most all consumers. Don’t assume your credit will prevent you from owning your own home. Trust a mortgage broker as they have seen it all and can work with most credit situations.

Did you know? If you’re seeking a mortgage but your credit score is damaged in some way and you cannot get a loan from a big lender, there are alternatives known as “B Lenders” who currently make up
approximately 10 per cent of mortgage transaction volume.

02/24/2021

The golden years are what you planned for all your life. Reverse mortgages can help you make these years even more golden by eliminating your mortgage payments AND giving you monthly spending income. Contact me today for more details!

02/23/2021

How much can you afford?

Budget should always come first before you qualify or are
approved! My Mortgage Toolbox app can help you determine
how much you can afford! This handy calculator can help to
determine your total cost of owning a home, the minimum down
payment you would need, the maximum loan you can borrow, an
estimation of closing costs and calculate the results of a stress
test for your mortgage to ensure you are covered.

Download My Mortgage Toolbox and get access to all premium tools to help plan your mortgage.

01/04/2021

Did you know? Getting your mortgage pre-approved will allow you to hold an interest rate for up to 120 days! This means you can get the lowest rates available, even if they rise before you make your purchase.

Message, call, or book a meeting with me to discuss your pre-approval.