Ottawa-Carleton Mortgage Inc.

03/30/2020

Looking for your first home in the capital city? Check out our new blog post for expert advice: https://www.mortgagesmadeeasy.com/blog/house-hunting-in-ottawa-looking-for-your-first-home-in-the-capital-city

03/26/2020

According to CMHC’s 2019 Consumer Survey, 42% of homebuyers said they felt concerned or were uncertain about the process of buying a home.

As Ottawa’s mortgage experts, we’re here to help you! If you have questions, or just wondering if you qualify for a mortgage, don’t hesitate to contact us: https://www.mortgagesmadeeasy.com/contact

03/25/2020

Did you know? If your down payment is under 20% of the home’s purchase price, you will need mortgage insurance on your loan.

Contact your MortgagesMadeEasy.com broker/agent to find out what else you need to qualify: https://www.mortgagesmadeeasy.com/contact

03/24/2020

Do you have a mortgage through a major Canadian bank? You can differ your mortgage payments for up to six months.

Ask us for details, as restrictions may apply. Our mortgage agents and brokers are ready to help! Give us a call at 613-563-3447 or reach out at www.mortgagesmadeeasy.com/contact

It is unclear whether customers will be able to postpone mortgage payments interest-free.

03/23/2020

Several Canadian banks and financial institutions dropped their prime lending rate Tuesday for the second time in two weeks to 2.95 per cent.

The dropping rates have made mortgages and borrowing more affordable. If you'd like to learn more, our mortgage agents/brokers are here to help! Give us a call at 613.563.3447 or reach out at www.mortgagesmadeeasy.com/contact

Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points for the second time in two weeks, this time to 2.95 per cent.

03/21/2020

Determining a property’s value is an essential step in the mortgage application process. Do you know how a home’s value is measured? Generally, it’s based on the home’s features:

✅Square footage
✅Location
✅Age
✅Quality
✅Number of bedrooms and bathrooms

Have questions? Need a mortgage to afford the home you love? Contact your MortgagesMadeEasy.com broker or agent: https://www.mortgagesmadeeasy.com/apply

*Source: https://www.cmhc-schl.gc.ca/en/buying/financial-information-and-calculators/your-home-value

03/19/2020

Happy first day of spring! If you’re in the market to buy a home this season, we have some tips and expert advice for you on our blog: www.mortgagesmadeeasy.com/blog

03/17/2020

Spring is almost here—Canada’s busiest home-buying season! Are you on the hunt for a new home? Here are a few helpful tips to make the search a little easier: https://www.mortgagesmadeeasy.com/blog/house-hunting-tips-and-tricks

03/13/2020

Can you afford to buy a home 🤔? There are two ratios you can use to help you decide:

1) Gross Debt Service – the percentage of your monthly household income that covers your housing costs (should be at or under 35%)
2) Total Debt Service – the percentage of your monthly household income that covers your housing costs and any other debts (should be at or under 42%)

For more information, check out CMHC’s Debt Service Calculator: https://www.cmhc-schl.gc.ca/en/finance-and-investing/mortgage-loan-insurance/homebuying-calculators/debt-service-calculator

03/11/2020

Did you know? Eligible first-time buyers who have the minimum down payment for an insured mortgage can apply to finance a portion of their home purchase through the Government of Canada.

For the purchase of an existing home, an incentive amount of 5% may be available. For the purchase of a newly constructed home, an incentive amount of 5 percent or 10 percent may be available!

Book a free phone/in-person consultation with us to find out if you qualify: www.mortgagesmadeeasy.com/blog/first-time-homebuyer-this-new-incentive-could-help

03/09/2020

We believe that buying your first home should be an exciting experience, not stressful. That’s why we want to help you avoid costly mistakes.

Check out our blog post to learn about the top five mistakes first-timers make when buying a home (and how to avoid them): www.mortgagesmadeeasy.com/blog/5-mistakes-first-time-homebuyers-make-and-how-to-avoid-them

03/05/2020

Thinking about buying a condo? Check out these tips and questions you should ask to avoid making mistakes: https://bit.ly/3bA7V0S

When you’re ready for a mortgage, we’re here to help you get the best rate on the market: www.mortgagesmadeeasy.com/apply