Key Mortgage Agent

12/12/2023

It is currently a "buyers' market" within the Greater Toronto Area which means there’s an excess of supply for qualified buyers at this price, and lower prices are expected.

House prices fell even further in November. What's more, sales continue to fall as inventory builds; this is what create easing market conditions. In fact, the erosion of market pressures is occurring at one of the fastest rates in history, applying more downward pressure on prices.

If you are anyone you know are looking to purchase real estate please remember that the first step is to get your financing in order. Reach out to Key McFarlane Key Mortgage Agent and get pre-approved as soon as possible. Please like and share. Follow for the latest in news.

12/11/2023

Before you start shopping for a mortgage, assess your financial situation. Most Canadian would rely on their banking instituions for this part and are finding that they are not getting all their options laided out for them. This is because your bank only have information on the products they provide and not the products of their competition.

Many Canadians who are looking to get ahead in this market have seeked the professional advice from a license Key Mortgage Agent who has access to multiply lending institutions products and services and are able to tailor a mortgage to their clients' needs.

A Key Mortgage Agent understands that there are actions you can take to make sure you’re financially ready to buy or keep your home. Here are some tips:

1. CHECK YOUR FINANCIAL READINESS:

A potential lender will look at your credit report before approving you for a mortgage. It's my job to look at your credit score and show you what needs attention. I go through options that you can use to quickly clear up unfavourable debts/liabilities.
If you don’t have a good credit score, the mortgage lender may:
- refuse to approve your mortgage
- decide to approve your mortgage for a lower amount or at a higher interest rate
- only consider your application if you have a large down payment
- require that someone co-sign with you on the mortgage
- require that you get mortgage loan insurance even if you have a down payment of 20% or more

2. GET PRE-APPROVED
To qualify for a mortgage, you have to prove to your lender that you can afford the amount you’re asking for.

Your Key Mortgage Agent use your financial information to calculate your monthly housing costs and total debt load. I then use this information to determine what you can afford and pre-approve you base on that. In this process, information such as these are considered :

- your income (before taxes)
- your expenses (including utilities and living costs)
- the amount you’re borrowing
- your debts
- your credit report and score
- the amortization period

12/06/2023

12/02/2023

The mortgage renewal process isn’t overly complicated. Your current lender presents you with a new mortgage offer. You either sign it, try to negotiate a more suitable arrangement or renew your mortgage with a different lender.

You’ll still have to make some important decisions regarding your mortgage, though. That’s where things can become a little stressful. Preparing for these decisions ahead of time can make the renewal process easier — and hopefully more financially rewarding. When in doubt please feel free to contact me ( this is a free service that I provide).

As you may know some lenders will automatically renew your mortgage if you don’t respond to a renewal offer before the renewal date. The renewal statement you receive will explain this.

Automatic renewal, though effortless, could come back to haunt you. A lender’s automatic renewal process might involve signing you up for a shorter mortgage term that carries a higher interest rate. Even if it doesn’t, opting for an automatic renewal means giving up all of your negotiating power.

Contact me now, book a free mortgage renewal check up and know that you’re doing all that you can to ensure you’re getting your best mortgage at your lowest rate!

12/01/2023

Hello December, so fresh and cool; we’ve been waiting for you.

11/30/2023

Things have likely changed since you signed your last mortgage agreement. Or maybe you're at a different life stage where change is imminent. Your mortgage should fit your lifestyle, financial situation and future goals. When it's time to renew your mortgage, do some research, compare your options, consider how creditor insurance for your mortgage can help protect you financially against death, critical illness, disability or job loss and do a self-assessment on what you have and what you need for your future.

The first step is call your Key Mortgage Agent to get unbiased information that could potentially save you thousands of dollars.

Here are some questions to consider:
Has your income changed?
Have your expenses changed?
Has your appetite for financial risk changed?
Are you starting a family or getting married, or had a change in your marital status?
Do you need to pay for tuition, a wedding or another milestone event?
Do you want to be mortgage-free faster?
Does your home need a renovation or major repair?
Are you moving in the future?
Do you want to check off items from your bucket list?
Do you want to pay a lump sum on your mortgage?
Do you have a plan if your income is lost or reduced?

Your lender starts the renewal process about 5 months before the maturity date. This is the time to do some research and meet with me. I'll help you explore products and find a mortgage that's right for you. Weigh the pros and cons of various mortgage options.
At renewal, you should consider more than just the posted mortgage rate, also consider:
Amortization period- If you shorten your amortization period and increase your mortgage payments, you'll pay down your mortgage faster.

Mortgage type (fixed-rate or variable-rate)- If you choose a fixed-rate mortgage, the interest rate stays the same but tends to be higher. For variable-rate mortgages, your interest rate fluctuates up or down with the market.

Payment frequency- If you make more frequent payments, you'll pay less interest and more of the principal.

Make the first call and we'll look at your options together. Find link in my bio

11/28/2023

I'm looking to help people who are in need of help with their . People who wants some money to clear up some bills. I'm equipped (but i'm not limited) to helping people who have issues with past Bankrupt, bad credit, bank rejection, low cash income, , overwhelmed with debt. Whether you are Purchasing a new home, want to renew your existing mortgage, refinancing, reversing your mortgage, taking money from your your home ( equity take out) call Key Mortgage Agent first, I can help and will give you unbiased guidance to achieve your goal smoother.

11/27/2023

It's your turn, it's easier when you have a Key Mortgage Agent working for you! Find link in my bio.

11/26/2023

You'll make it to your goals, one step at a time! Make today your best Sunday ever.

11/25/2023

It's time to get the right information to get you closer to your goal. I'm here when you need me. Find link in my bio.

11/24/2023

Have you seen this promo

11/24/2023

It helps to have a Key Mortgage Agent working with you to secure your right at your