KangaMortgage.ca

06/15/2025

04/18/2024

Ready to buy your first home?

🏠Set Realistic Expectations
Lower rates in the past made it possible for some first-time homebuyers to skip straight to their "forever" home, but that's not the case anymore. Get comfortable with buying a true first home that may need some TLC, while you build equity for your next home.

💵What’s your Budget?
Consider both what you are “qualified” for and what you can “afford’ when establishing your budget. Account for all expenses to determine your ideal purchase price. It's important to avoid being "house-poor" when buying your first home.

Understand the 3 Key Factors for Qualifying for a home: 🔑🔑🔑

🪪 Credit - You need to have two forms of credit, reporting for 2 years with an available credit limit of $2000 on each.

💵 Down Payment and Closing Costs - The general rule is 5% for the first $500k and 10% for the next $499,999. Over one million is 20% down. You need to qualify for your down payment, so if ratios are out, you may need to either increase the down payment or lower the purchase price. ALL lenders require a 90-day history of all accounts your down payment and closing costs are coming from.

💸 Income - Lenders want to see a steady history of employment, ideally two years. The length and documentation required will be based on the type of income. For example, if you want to use hourly income with overtime, we will need two years' T4s. For full-time guaranteed salaried, a letter of employment and a pay stub will suffice.

📃Pre-Approved or Pre-Qualified?
What's the difference? Unlike pre-qualification, a full pre-approval involves a thorough review of your financial situation, including determining your maximum purchase price, collecting and reviewing all relevant documents, locking in interest rates, and conducting a credit check. If you haven't done this, you're pre-qualified.

The rates for those interested in buying a home have actually decreased significantly. This means that now is a favourable time to make a purchase, as further rate decreases could lead to an increase in home prices once again.

Send me a DM or check my bio link to get the process started.

09/26/2023

Help Your Kids - Solutions (Part 2 of 2)

Smart Strategies for Supporting Your Kids in Real Estate 🏡💰

Helping your children enter the property market doesn't have to jeopardize your future.

Discover ways to build wealth through real estate that benefit both generations.

Explore co-signing options and strategies to ensure affordable monthly payments for your kids.

Let's secure their future while safeguarding yours!

DM me to talk about how you can help create generational wealth for your family.

www.kangamortgage.ca

09/26/2023

Navigating Generational Concerns in Real Estate 🤔🏡

Helping your children get into the property market comes with real concerns.

It's natural to worry about robbing from your future self and compromising your retirement security.

Let's address these concerns head-on and explore strategies to support your kids while safeguarding your own financial well-being. 🏠💡

Watch "Help Your Kids - Part 2 - Solutions"

DM me to talk about how you can help create generational wealth for your family.

www.kangamortgage.ca

09/26/2023

What Should you Do?

Most of the first time buyers we talk with say the same thing:

Renting sucks but chaining yourself to a mortgage payment that kills your lifestyle is not really much better.

We get it.

It feels like the choice between a rock and a hard place.

Frankly, now may NOT be the time for you to buy.

But when will it be? And what should you do now to make it happen?

This Live Webinar will discuss this as well as...

🏠Real Stories of how people are buying in this market
📝Strategies for Income Qualifying - especially with the STRESS TEST now at 8%+
💰New Methods for Saving for Down Payment that didn't exist last year
⚖️How people are managing these current payment jumps
🏦What people need to do to prepare for upcoming RENEWALS
🏡Why Giving Up on property ownership is the WRONG move right now

DM or comment below for the registration link or check out linktr.ee/dionbeg

09/25/2023

True Freedom = Time Freedom + Location Freedom

This is a dream for most people.

And to get there, you need a plan.

What are investors doing in this current market?

This Live Webinar will discuss this and more.

Linktr.ee/dionbeg link in bio for registration

Or DM me or comment below 👇 and I'll send you the registration link

www.kangamortgage.ca

09/22/2023

The Power of Family Support in Real Estate 🏡👨‍👩‍👧‍👦

It may be important to involve your parents in your real estate journey.

Many clients find that discussing their aspirations with their parents opens up new opportunities and reduces fears.

We simplify the process and show you how family support can make your real estate dreams a reality.

Message me to find out your next steps.

www.kangamortgage.ca

09/22/2023

The market has been a crazy rollercoaster these past 18 months.

What's the best way to move forward?

I've been talking to families - parents and grandparents who want to help their kids enter the property market but have their concerns (rightly so).

I'll be discussing this and more at the webinar on Tues Sept 26th @ 7pm.

Link to Register: www.kangamortgage.ca/webinar-registration-c

09/20/2023

The government has decided that properties in Toronto are allowed to have up to 4 units, but how long will it take before we actually see this happening?

Banks will need to change guidelines and how to lend. What does this do to the value of th property?

It'll take years before we see the impact of these decisions.

www.kangamortgage.ca

09/19/2023

Phew! Sept 6 Rate Pause

Bank of Canada expected a Q2 growth of 1.5% and in fact it was -0.2%

The intended impacts of increases have finally trickled down.

People are spending less and unemployment grew to 5.5%

Huge sigh of relief for anyone with a variable rate mortgage, up for renewal or looking to buy.

www.kangamortgage.ca

09/18/2023

The potential of real estate investments for young individuals aged 18-34. 🏠💰

Discover why 11% of the population are property investors, and how even those living at home or renting can get on the property ladder. 🚀

I recently helped a 21-year-old who earned over $300,000 in property value, unlocking financial freedom and building equity for a bright future! 💼💪

www.kangamortgage.ca

09/18/2023

Sales are Down - But That's Normal

Every August is a down month in real estate.

The cycle of house shopping:

January: Picks up with New Year's Resolutions
February: Slows down
March / April: Busy Spring Market
May / June: Really busy
July: Summer & sales taper off
August = Vacation!
September: With the rate pause this month what will we see?

www.kangamortgage.ca

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