Stephen Stead - Mortgage Broker

09/04/2021

Hot new listing! Will not be on the market long! You can own for $521 BI-WEEKLY! Cheaper then rent!

31 ASHGROVE Drive, Paradise, Newfoundland & Labrador A1L1G1

04/15/2021

Beautiful home just hit the market in a highly desired area, Paradise!

MLS® #: 1229094 - This beautifully maintained 8 year old custom built 2 storey home has it all from the attached garage, hardwood floors, hardwood staircase, ceramics, quality laminate flooring, la...

04/10/2021

Could be changes coming making it a little more difficult to qualify for the mortgage amount you want! If you are in the market, it’s definitely something to keep an eye for in the coming months.

In the meantime rates are low! Reach out for any questions you may have, I am happy to help!

Canada's top banking regulator is proposing to raise the mortgage stress test level to 5.25 per cent or two percentage points above the market rate, whichever is higher, making it harder to qualify for a home loan, shrinking the pool of qualified borrowers and ultimately bringing down house prices.

03/13/2021

Some mortgage news from this week. BoC maintains overnight rate. No change to your variable rate but fixed rates are still on the rise.

As expected, the Bank of Canada maintained their overnight lending rate. They announced it will not be increasing until the inflation objective is achieved. Click below to read the full announcement.

Interest rates are still at record lows and now more than ever Canadian mortgage consumers should have a trusted broker on their side. If you have any questions don’t hesitate to contact your Mortgage Alliance Professional, their services are free.

https://www.bankofcanada.ca/2021/03/fad-press-release-2021-03-10/

03/10/2021

Rates are on the rise again! Don’t miss your chance to save some extra money this year, and click below to ask about our lowest rates!

03/02/2021

If your mortgage is up for renewal or if you are looking to refinance to eliminate some debt, but also concerned about going into the bank to sit down and discuss your options during the pandemic, a broker is the best option for you!

I can answer all your mortgage questions and on top of that complete all your mortgage needs digitally! Convenience is paramount during these times.

Banks are taking advantage and renewing customers at much higher rates compared to what a broker can offer, so why pay more? Rates under 2%!

Email: [email protected]
Text or call: (709) 693-2122
Or click below to message me directly on FB!

12/01/2020

Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available.

Click below for more details about factors that impact your credit score. https://www.consumer.equifax.ca/personal/education/credit-score/what-impacts-credit-score/?fbclid=IwAR1RlggwpZyWkAh4FIBYcpjsEwWwZOE_r6mFZ_ebe6vyPUwHfTFaGaq9aGI