What are the opening hours?

Monday 8:30am - 7:30pm Tuesday 8:30am - 7:30pm Wednesday 8:30am - 7:30pm Thursday 8:30am - 7:30pm Friday 8:30am - 7:30pm Saturday 10am - 5pm

Mortgage Veteran

Home
Canada
Sherwood Park, AB
Mortgage Veteran

Mobile Mortgage Specialist
Canadian Armed Forces Veteran Canadian Forces Veteran | Army | Signal Operator
3+ years in Banking & Mortgage financial services.

Certified Project Officer
Reality TV participant on "Basic UP! Reloaded" season 2!

02/04/2023

Most times a can get you a lower than advertised rate by simple speaking to them!

Banks and Lenders advertise their rates publicly on their websites, however most home buyers are unaware that these same banks and lenders give their mortgage specialists some negotiation on those rates to earn your business.

By simply speaking to the bank and lenders mortgage specialists you can take advantage of a lower than advertised rate.

Want to know more?
Please get in touch with me for more information and any questions you might have.
Robert

587-566-0269
[email protected]

02/04/2023

Want to know exactly how much mortgage you can afford and if you would qualify with a bank or lender?

Use this handy tool by the Government of Canada!
Mortgage Qualifier Tool
https://itools-ioutils.fcac-acfc.gc.ca/MQ-HQ/MQ-EAPH-eng.aspx

Make sure to include all information when completing the form for the most accurate results.
Include all monthly expenses/debts, income, and mortgage details.

Need help? Want to know more?
Please get in touch with me for more information and any questions you might have.
Robert

587-566-0269
[email protected]

02/01/2023

Thinking of your home?

There are a number of reasons why refinancing might be the best financial option for you.

Debt Consolidation
Using equity in your home to pay off high interest debts is a great way of reducing interest payments and monthly expenses.

Renovations
Capitalizing on your homes equity to fund renovations that will improve your quality of life while improving the value of your home is another excellent reason to refinance.

Home Equity Line of Credit
Once you have built up enough equity in your home, as well as your home increasing in value, will give you the option to take advantage of a Home Equity Line of Credit (HELOC) that you can have in place for any future unexpected expenses. Also, if you have a zero balance, this does not cost you anything!

Lower Interest Rate
If you're currently in a higher mortgage rate, there is the option of refinancing your home to get you into a lower interest rate to save on interest over time.

Want to know more?
Please get in touch with me for more information and any questions you might have.
Robert

587-566-0269
[email protected]

01/31/2023

Have you received your CAF Posting Message for 2023?

If you have, I can help!
I am a Mortgage Specialist and Veteran who has helped dozens of clients with their mortgages due to being posted.

Take advantage of a 120 day Fixed Rate Hold giving you the comfort to shop knowing you have your rate locked-in and giving you a greater chance of having an offer accepted due to securing financing.

Turn around time for approval is fast, after completing an application with submitting all required documents.

I also can provide special offers to assist with your relocation costs not covered by the Integrated Relocation Program.

Want to know more?
Please get in touch with me for more information and any questions you might have.
Robert
587-566-0269
[email protected]

01/28/2023

Consolidate your debts by refinancing your , reducing your interest rate and payments.

Combine your high interest debts into a single lower interest payment, freeing up money, and making life more affordable.

If you own your home with enough equity to cover your debts, this is an excellent option.

is easier than you think and can be done quickly.

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/26/2023

Bank of Canada Rate Announcement

The Bank of Canada increased it's interest rate from 4.25% to 4.5% today as expected.

How does this affect you?
With the rate increased announced, it is likely that mortgage rates and lending rates will increase as well.
Meaning that with a higher interest rate this will give you less borrowing power for mortgages, decreasing the amount of a mortgage you will qualify for going forward.

The Bank of Canada is expected to hold this rate for awhile due to the current economic conditions in Canada.

Full announcement can be found here;
https://www.bankofcanada.ca/2023/01/fad-press-release-2023-01-25/

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/24/2023

Mortgage Basics
Let's get you into your dream home!
1. Mortgage Rates - understand the difference between Fixed vs Variable rates. There are a lot of misconceptions around Variable rates, however this can be used to your financial advantage.
2. Mortgage Calculator - excellent tool designed to help you determine how much mortgage you can afford while considering your down payment, expenses and income.
3. First-Time Home Buyer - take advantage of Canadian Government incentives for buying your first home.
4. Credit Score - higher your score, better chance you will be approved for a mortgage. There are also minimum scores you must have when utilizing Default Insurance to be approved.
5. Down Payment - you can be approved on just 5% down, however you will be required to use Default Insurance. Minimum down payment to avoid default insurance is 20% with approval coming only from the bank.
6. Debt to Income Ratio - the lower your debt to income, the better your chances of approval. Reducing your monthly expenses and debt will improve your purchasing power and mortgage approval.
7. Avoid Big Purchases - before purchasing a new home. Get approved, close the deal and move-in before you start looking at bigger purchases like a new vehicle.
8. Income Documents - have all of these ready to go with your lender to avoid delays and lengthy approvals.
9. Self-Employed - you can be approved with self-employed income, however you will need to provide a number of documents to confirm personal and business income. Ensure you have all these before proceeding as your mortgage lender will require them to be approved.
Purchasing a home is the biggest investment you will make in your lifetime. There are a number of steps, documents and procedures that need to be completed and confirmed before moving into your new home.
Ensure these are all completed for best success!

Want to know more? Need a mortgage?
Reach out to me directly!
Mortgage Specialist & Veteran
Robert James

01/19/2023

First Time Home Buyers

Programs, Incentives, and Tips, to help you purchase you're first home.

Government of Canada First Time Home Buyer
New incentives to help save for a down payment on your first home.
Tax-Free First Home Savings Account
Key design features of the FHSA, including an $8,000 annual contribution limit in addition to a $40,000 lifetime contribution limit, towards the down payment on a home.

First-Time Home Buyer Incentive
The First-Time Home Buyer Incentive is a shared-equity mortgage with the Government of Canada, which offers:
5% or 10% for a first-time buyer’s purchase of a newly constructed home
5% for a first-time buyer’s purchase of a resale (existing) home
5% for a first-time buyer’s purchase of a new or resale mobile/manufactured home
The shared equity component of the incentive means that the government shares in both the upside and downside of the property value, up to a maximum gain or loss equal to 8% per annum (not compounded) on the Incentive amount from the date of advance to the time of repayment.
By obtaining the Incentive, the borrower may not have to save as much of a down payment to be able to afford the payments associated with the mortgage. The effect of the larger down payment is a smaller mortgage, and, ultimately, lower monthly costs.

Canada Home Buyers Plan
The Home Buyers' Plan (HBP) is a program that allows you to withdraw from your registered retirement savings plans (RRSPs) to buy or build a qualifying home for yourself or for a related person with a disability. Currently, the HBP withdrawal limit is $35,000. This applies to withdrawals made after March 19, 2019.

First Time Home Buyer Tips
Highly recommended that your speak to a Mortgage Specialist first, before starting your home search.
By doing this you will receive information concerning mortgage financing, available down payment options, and securing a pre-approval with an affordable purchase price.
Budget for closing cost expenses. There are a number of costs/fees associated with purchasing a home. Some of them are, realtor fees, lawyer fees, appraisal, home inspection, and other costs, that are paid out of pocket. Typically you should budget for 1.5% of the value of the property for closing costs.

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/17/2023

CAF Mortgage Tips for Posting Season

Follow the CAF relocation benefits instructions here CANADA.CA/MILITARY-RELOCATION to take advantage of the benefits that you are entitled to for being posted in 2023.

Secure a Pre-Approval ASAP to lock-in your rate, give you 120 days to close on a home, provide an affordable mortgage amount, and give you an edge when putting in an offer knowing that you have financing in place.

Have all employment, income, bank, and investment statements/documents ready to go as these will be required by your lender to proceed with a pre-approval or mortgage application.

As soon as your HHT (House Hunting Trip) is scheduled, book time with a CAF experienced Realtor who will make themselves available to you during your short time frame to find a home. Have that pre-approval in place giving you an edge during your HHT when putting in an offer on a property.

Stick within your mortgage budget, do not over extend yourself or your family, and do not exceed your maximum approval amount. Exceeding your maximum approval amount will likely cause your mortgage to be declined.

Work with a mortgage specialist who is experienced with CAF relocations and the posting process, such as myself, to avoid any undue headache and stress for you and your family.

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/14/2023

From the Military Personnel Command

Getting Posted? Be Prepared…
1. Read the CAF Relocation Directive
2. Download the NEW APS 23 “Relocation Assistance Document” on our website to help guide you through all steps of your relocation
3. Do not make any financial commitments until you receive a posting instruction
More information: CANADA.CA/MILITARY-RELOCATION

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/14/2023

Bank CEOs weigh in on “vulnerable” mortgage clients.

Canada’s Big-Bank CEOs weighed in this week on the current state of their mortgage clients, including those they consider “vulnerable” in the event of a recession.

None were quite as forthcoming as Scotiabank’s new President and CEO Scott Thomson, who said the bank has about 20,000 borrowers that it considers “vulnerable.”

RBC is also keeping a watchful eye on its mortgage clients, turning to AI and various types of modelling to forecast clients’ cash flow.

Over the last several quarters, all of the big banks have increased their provisions for credit losses—in other words, setting money aside for bad loans.

Even so, TD Bank President and CEO Bharat Masrani doesn’t believe the next recession will be comparable to, say, what was experienced during the Global Financial Crisis of 2007-08.

“I am not suggesting there’s a 100% chance [of] no recession,” he said during Monday’s conference. “When rates go up so much, is there a slowdown to be expected? Yes.”

For clients that start to have difficulties making their payments, mortgage lenders have a number of options to first try and assist borrowers before the situation progresses to the point of them needing to sell their home.

Some ways are:
Extend Amortization
Blend & Extend Current Term
Skip or Defer Payment(s)

These can help reduce your mortgage payment, or provide some financial relief during rougher times.

Reference: https://www.canadianmortgagetrends.com/2023/01/bank-ceos-weigh-in-on-vulnerable-mortgage-clients/

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

01/12/2023

Variable Rate Mortgage Payments On The Rise

Canadian Mortgage Payments Have Surged 20% Higher Over The Past 5 Years

Canadian households have seen mortgage rates rip higher, but maybe not as high as you think. The average monthly payment reached $1,460 in Q3 2022, up 2.2% from the last quarter. Payment size is up 5.6% from last year, which is a huge increase for shelter costs. Though it’s substantially lower than the 6.8% rate of inflation, and close to average wage growth.

Although Variable Rates are on the rise, most lenders have an option to switch from Variable to a Fixed Rate to avoid anymore increases to their payments.

However, rates may continue to increase for 2023, there is the future expectation that rates will start to go down so your Variable Rate mortgage payment would start to decrease.

For more information, please reach out to me directly.
Like and Follow for more
Mortgage Specialist & Veteran

[email protected]
587-844-5506

Address

139 Ordze Avenue
Sherwood Park, AB
T8B1M6

Opening Hours

Monday	8:30am - 7:30pm
Tuesday	8:30am - 7:30pm
Wednesday	8:30am - 7:30pm
Thursday	8:30am - 7:30pm
Friday	8:30am - 7:30pm
Saturday	10am - 5pm

Telephone

+15878445506

Website

https://mms.tdcanadatrust.com/robert.james/

Alerts

Be the first to know and let us send you an email when Mortgage Veteran posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Mortgage Veteran:

Shortcuts

Address
Telephone
Opening Hours
Alerts
Contact The Business
Claim ownership or report listing

Want your business to be the top-listed Finance Company in Sherwood Park?

Mortgage Veteran

02/04/2023

02/04/2023

02/01/2023

01/31/2023

01/28/2023

01/26/2023

01/24/2023

01/19/2023

01/17/2023

01/14/2023

01/14/2023

01/12/2023

Address

Opening Hours

Telephone

Website

Alerts

Contact The Business

Shortcuts

Share

Category