Alexandre Mortgage Alliance

Alexandre Mortgage Alliance My main objective is to deliver value to my clients , and make sure they get the right mortgage

With the Bank of Canada’s latest interest rate increase, many Canadians are having a hard time paying their mortgage. FC...
08/09/2023

With the Bank of Canada’s latest interest rate increase, many Canadians are having a hard time paying their mortgage. FCAC (The Financial Consumer Agency of Canada) has a guide for people paying their mortgage when experiencing financial difficulty.

If you find yourself in financial difficulty due to increased mortgage payments, reach out for advice. Some solutions could be extending your amortization; your lender may waive pre-payment penalties or offer you a mortgage deferral.

If your home will be owner-occupied, you need 5% down for the first $500,000 of the purchase price and 10% for any amoun...
07/25/2023

If your home will be owner-occupied, you need 5% down for the first $500,000 of the purchase price and 10% for any amount over $500,000 up to $999,999. If the purchase price is $1,000,000 or more, the minimum down payment is 20%.

According to CMHC’s Mortgage Consumer Survey, most homebuyers are accessing their savings or equity from a previous home for their down payment. Followed by RRSP savings and gifts from family members.

If you have any questions about the down payment options available to you and how to use them, send me a message. I will be happy to review your situation and discuss your homeownership goals.

If you feel the impact of higher interest rates, a strategy to look at could be extending your amortization. Extending y...
07/20/2023

If you feel the impact of higher interest rates, a strategy to look at could be extending your amortization. Extending your amortization will stretch your mortgage repayment out, potentially lowering your monthly payment.

If you have any questions or want to look at a strategy like this for your mortgage, send me a message.

We know that borrowing money is harder for self-employed Canadians, which is one of the reasons why working with a Mortg...
07/11/2023

We know that borrowing money is harder for self-employed Canadians, which is one of the reasons why working with a Mortgage Broker like myself, is so important.

I have access to lenders specializing in self-employed mortgages and understand business owners' challenges.

If you are self-employed and looking to buy, renew or refinance, reach out to start the conversation.

Mortgage holders have seen their payments and rates aggressively spike over the past 15 months, which has caused a sense...
07/05/2023

Mortgage holders have seen their payments and rates aggressively spike over the past 15 months, which has caused a sense of uncertainty. Working with a Mortgage Broker like myself gives you access to advise, products, and rates you can’t get from your bank.

Whether you need to reset, restructure, or re-strategize, I am armed with solutions.

If you are shopping for a mortgage, it is essential to know what you need to qualify, but it is also important to unders...
06/27/2023

If you are shopping for a mortgage, it is essential to know what you need to qualify, but it is also important to understand what could be holding you back from qualifying for a mortgage. Below are 5 points that could be impacting your chances of being approved for a mortgage:

📌 Carrying too much debt
📌 Poor credit history or not enough credit history
📌 Not enough income or assets
📌 Not enough of a down payment
📌 Unstable employment history

If you feel any of the above points could be holding you back from getting approved for a mortgage, reach out. I am armed with solutions for every situation.

If your mortgage is coming up for renewal this year, reach out and let’s start the conversation.We are in a high-interes...
06/20/2023

If your mortgage is coming up for renewal this year, reach out and let’s start the conversation.

We are in a high-interest rate environment, and many customers feel stuck with their current lender at renewal. Whether it’s transferring to a different lender for a better rate, exploring new mortgage products that let you access your equity to help with payments, or opting for a shorter term, I am armed with solutions.

If you have been thinking about investing in a rental property, now is a great time. According to http://rentals.ca , t...
06/13/2023

If you have been thinking about investing in a rental property, now is a great time. According to http://rentals.ca , the average rent price in Canada rose 9.6% Year over Year, bringing the total increase to 20% from the pandemic low in April of 2021. With the high-interest rate and low inventory environment we are in, this is a trend that will most likely continue.

Reach out to learn how you can use your equity to build wealth.

Data released from the Office of the Superintendent of Bankruptcies shows that Canadians are having a hard time staying ...
06/05/2023

Data released from the Office of the Superintendent of Bankruptcies shows that Canadians are having a hard time staying on top of their debt. Consumer insolvencies saw a 20% Year over Year increase and have risen to the highest level since 2019.

If you are a homeowner carrying a large amount of consumer debt, it may make sense for you to refinance your mortgage to pay down high-interest debt and potentially free up more cash each month. Send me a message to explore your options.

Every homeowner was once a first-time home buyer, and Canada offers many programs to help first-time home buyers. Rangin...
05/29/2023

Every homeowner was once a first-time home buyer, and Canada offers many programs to help first-time home buyers. Ranging from incentive programs to rebates and tax credits, even down payment assistance.

Send me a message, and we will review all the available programs.

A rate hold will allow you to secure your interest rate so you can take your time house shopping. In the event rates ris...
05/23/2023

A rate hold will allow you to secure your interest rate so you can take your time house shopping. In the event rates rise, you will be able to take advantage of the rates available today. If rates drop, you can still secure the lowest rate available for you when you are ready to buy.

If you are considering buying over the next few months, now is the time to secure your rate.

According to the 2022 CMHC Mortgage Consumer Survey, 1 in 3 buyers financed their home with a gifted down payment. When ...
05/17/2023

According to the 2022 CMHC Mortgage Consumer Survey, 1 in 3 buyers financed their home with a gifted down payment. When the down payment is gifted, the purchaser needs to provide the lender with the below information:

📌 Relationship to the individual giving the money
📌 The amount of money being gifted
📌 The property the money is gifted for
📌 A statement specifying the money is a gift and does not need to be repaid
📌 Contact information of the person giving the money
📌 The source the funds are coming from

Specific requirements may vary depending on the lender. Reach out for more information.

Address

Ottawa, ON

Telephone

+16132276197

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