Andleeb Obeid-Mortgage Agent

Andleeb Obeid-Mortgage Agent I am your friendly neighbourhood Mortgage Agent, with lots of experience in residential and commerci

Blended MortgageBlended mortgages aren’t something that often comes up in conversation, but it is a product that is av...
01/18/2023

Blended Mortgage

Blended mortgages aren’t something that often comes up in conversation, but it is a product that is available when you are refinancing and want to take advantage of something without paying a penalty. If it doesn’t make sense to break your term and do a full refinance, you can take the new rate and the old rate, blend the two rates to get the new rate for the rest of your term. This is helpful in situations where there would be a large enough penalty that refinancing and breaking the term would otherwise be too costly.

Questions? Drop them in the comments!

A little ! What does your dream life look like and how can you get there?“Become next level obsessed with creating the ...
01/18/2023

A little ! What does your dream life look like and how can you get there?

“Become next level obsessed with creating the life of your dreams”

I’ll be over here helping people finance their dream homes that accompany their dream life ;)

Everyone wants the best mortgage rate possible, and it’s true that there is SO MUCH MORE to a mortgage than just the rat...
01/18/2023

Everyone wants the best mortgage rate possible, and it’s true that there is SO MUCH MORE to a mortgage than just the rate.

In general, if you’re looking to secure a mortgage at the lowest cost of borrowing possible, here are a few tips:

➡️Work on your credit score - Take the time to pay down your balances and make all your payments on time because having a good credit score will lower your cost of borrowing overall
➡️Save for a bigger down payment - When you make a small down payment on a home, the lender considers you a higher-risk borrower than someone who makes a larger down payment
➡️Decrease your debt - Lowering your debt to income ratio can not only decrease your mortgage rate, but can increase your credit score as well

Connect with me today to learn more!

No one likes waiting around (trust me I don't either!)...To make the mortgage process faster, gather all documents befor...
01/18/2023

No one likes waiting around (trust me I don't either!)...

To make the mortgage process faster, gather all documents before you submit your mortgage application (don’t worry, I will guide you through this when you apply!).

Here’s some of the things you will need:
✅identification
✅proof of employment
✅proof you can pay for the down payment and closing costs
✅information about your other assets, such as a car, cottage or boat
✅information about your debts or financial obligations

Missing documents can slow down the process, so try to have everything together to make sure everything goes smoothly.

If you are retired, you can get a mortgage and you will have just as many mortgage options than someone under 55 years o...
11/14/2022

If you are retired, you can get a mortgage and you will have just as many mortgage options than someone under 55 years of age. Lenders can’t discriminate based on your age!

You could choose:
✅a traditional mortgage
✅a home equity line of credit
✅a second mortgage
✅a reverse mortgage.

If you have good credit, you should qualify for a mortgage or home equity line of credit. The amount you qualify for will depend on your pension or other income.

There are so many great options that I have access to, and I’d love to connect with you if you want to learn more!

Homeownership comes with other expenses that you might not be prepared for, but don’t worry, I’m here to help!Most peopl...
09/20/2022

Homeownership comes with other expenses that you might not be prepared for, but don’t worry, I’m here to help!

Most people associate home ownership costs with a mortgage and property tax and/or strata, and it’s important to budget for those first and foremost and then factor in the other costs you will likely have.

Usually, the most costly part of being a homeowner is the upkeep and repairs. From the roof, to the HVAC, plumbing, and electrical systems, to unexpected damages.

Depending on where your home is and whether it’s prone to natural disasters, your home insurance may be higher.

When you are house hunting, keep these items in mind to make sure you’re in the home that you can afford to buy AND maintain. If you’re ready to connect and look at a pre-approval, please reach out anytime.

Like it or not, fall is here. Sorry to be the bearer of bad news for all you summer lovers ;) It’s best to tackle some p...
09/19/2022

Like it or not, fall is here. Sorry to be the bearer of bad news for all you summer lovers ;) It’s best to tackle some projects before the bad weather hits.

✅Prune dead limbs, branches, and plants - Dead tree limbs and branches can be a problem in the winter because the wind, ice, and snow can cause them to break off. Get ahead of this problem by pruning away any dead branches and limbs and pull out any dead plants or shrubs.
✅Clean the gutters - Summer’s thunderstorms can deposit all manner of debris in your gutters. Clean your gutters before the leaves start to fall to get ahead.
✅Clean and seal your deck - With fall and winter coming, your deck is going to be exposed to inclement weather, and if you live in an area that receives plenty of snowfall, then you’ll want to make sure your deck is protected.

Let me know if there’s any projects you like to do before fall hits!

“With the rate increases and the average home price in Canada reaching $816,720 as of February—a 50% increase since 2020...
07/20/2022

“With the rate increases and the average home price in Canada reaching $816,720 as of February—a 50% increase since 2020—an overwhelming 96% of Canadians believe housing accessibility is a problem.

Another 9 in 10 aspiring homeowners said they feel locked out of ever owning a home, according to data from the Home Ownership in Canada Study, commissioned by real estate technology company Key.”

High prices, rising interest rates, and an uncertain economic outlook are a few of the causes.

News and media have the tendency to spread a scare. Don't just drop the ball yet. As your trusted mortgage broker, I am here to guide you through the entire process of owning your first home, and there are still opportunities to be had despite the doom and gloom of survey data.

I’d love to answer any questions you might have!

🙌 One of the best parts about owning your own home is the ability to customise however you’d like! Some landlords allow ...
07/12/2022

🙌 One of the best parts about owning your own home is the ability to customise however you’d like! Some landlords allow decorating or renovations too, just be sure to check their policies around this before going too crazy ;)

07/07/2022

Thrilled to be speaking at this webinar.

Learn how $10 childcare is an opportunity to plan for and achieve two important financial goals:

Funding your child’s future education
Buying your first home

Like most young parents, are you worried about being able to save for your child’s future education AND for the down-payment of your first home? With young kids in day care, it can be overwhelming.

With this in mind, Knowledge First Financial is hosting a webinar to share practical tips on how to set up a strong financial plan to achieve these important goals.

If you have a child under 5, this webinar is for you! Spots are limited.

https://www.eventbrite.ca/e/10-childcare-a-new-opportunity-to-save-registration-379168331687

False - This will depend on your future plans. A fixed rate mortgage may be best if you’ll be living in your new home fo...
06/13/2022

False - This will depend on your future plans. A fixed rate mortgage may be best if you’ll be living in your new home for a long time, but if you know you’ll be moving again in five years, choosing a variable rate mortgage may save you money.

Not sure what type of mortgage is right for you? Let’s chat!

There’s no right answer to whether refinancing or downsizing is the better option. Refinancing can lower your monthly mo...
06/09/2022

There’s no right answer to whether refinancing or downsizing is the better option.

Refinancing can lower your monthly mortgage payments or help you pay off your loan faster, whereas downsizing can put money in your pocket and reduce your overall expenses.

It depends on your unique situation and the current market.

Want to chat about what’s best for you? Send me a message today!

Address

3310 South Service Road
Toronto, ON
L7N3M6

Opening Hours

Monday 8am - 6pm
Tuesday 8am - 6pm
Wednesday 8am - 6pm
Thursday 8am - 6pm
Friday 8am - 6pm

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