Kert Mortgage

11/25/2021

🔆 🔆 !!!!! Contest Alert !!!!! 🔆 🔆 - Details Below...

After the success of last years Black Friday/Cyber Monday contest, we're upping the ante this year.

Gift Cards 💳 and Cash 💵 Prizes to everyone who participates.
I'm looking for realtors who take their business seriously and want the best for their clients. Make an introduction and you get a gift card of your choice. If I end up doing business with them, you'll get $500 cash.

Receive a gift card of your choice for any client you refer to me. If we end up working together, you'll get $250 for deals under $500k, $500 for deals under $1m, and $1000 cash for any mortgage of $1 million or more! The same applies if you reach out yourself.

Reach out today to get paid to save! Promotion applies through the end of January 2022.

11/23/2021

Did you know that you can lock in a fixed rate up to 120 days before your renewal date? Rates are constantly changing, and it's prudent to stay on top of everything in order to put yourself in the best position financial position possible.

The best part about locking in a rate is that if it the lender's rate goes down before renewal, yours will go down too! And if it goes up, you'll just be happy you locked in when you did.

Get in touch today if you or someone you know is coming towards the end of your mortgage term.

11/22/2021

Just because it's November doesn't mean that you can't start planning for next summer!

Whether it's a cottage up North, a chalet out West, or even a retreat down south, I have the tools and resources to help make your dreams a reality.

Get in touch if you or someone you know is looking to buy a little slice of heaven of their own.

Contact info in the bio.

11/17/2021

I joined Dominion Lending on October 1st 2020. Coincidence? I think not!

Proud to be a part of the DLC Family!

VANCOUVER, British Columbia, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Dominion Lending Centres Inc. (TSXV:DLCG) (“DLCG” or the “Corporation”) is pleased to report its financial results for the three and nine months ended September 30, 2021 (“Q3-2021”). For complete information, readers should r...

11/17/2021

Save yourself the hassle of shopping around at banks for a mortgage, and let me do it for you! I have relationships with over 90 different lenders, and often have access to rates that aren't made available to the public.

If you or someone you know are in the market for a mortgage, get in touch and let me find the right lender for you!

Contact Info In The Bio.

11/16/2021

There's no crystal ball to tell you when the best time to break your current mortgage is, especially if you got your mortgage directly from a bank. They employ a "set it and forget it" mentality so you won't hear from them until you're up for renewal, which could cost you tens of thousands of dollars.

I'm always looking for ways to save my clients money, and knowing the right time to break is one of the best ways I know how.

If you think you might benefit from a change, reach out and we can look into all of our options to get the right fit for you!

Contact Info In Bio.

09/28/2021

Just like the leaves on the trees, interest rates continue to fall. With variable rates as low as 0.95% and fixed rates under 2%, there's no time like the present to make sure you're getting the right deal for you,. And the best part is that I do all of the work for you!

Get in touch to see what you're eligible for and to make sure you're keeping money in your pocket, and out of the bank's.

07/08/2021

Conventional versus High Ratio. Insured versus Insurable
Let's get into what makes these all different.

As discussed in my previous post, the maximum LTV for a home purchased for $1M or more is 80%, regardless of the home's value. this is a Conventional Mortgage.
When the purchase price is $999,999.99 or less, you are able to get and LTV of 80.01% up to 95%. This is called a High Ratio Mortgage. Almost always when a bank is advertising a rate, there will be an *(asterix) beside it, and the fine print will indicate that the very low rate they're peddling is more High Ratio purchases only.

Another term used to describe these High Ratio mortgage is Insured mortgage. Due to the high LTV, the lenders want to protect themselves in the event that the borrower defaults. An insurance premium (typically 4%) is added onto the mortgage that the borrower is responsible for paying. If a borrower that buys a property for under $1M elects for a Conventional mortgage, that mortgage is Insurable. In this case, however, it is the lender who may choose to pay the insurance premium on the loan in order to protect their investment.

To learn more about different types of loans and which one is best suited for you, get in touch and we can discuss all of your options.

06/30/2021

Let's talk about Loan to Value, or LTV. LTV amounts to the percentage of a loan, or mortgage, you have on your home in contrast to the value of you home.

Basically, if your home's valued at $1M, and you have $250k in equity, your LTV is 75%. I say your home's value, because it is very different from your home's price. You might pay $2M for your home, but the appraised value may only be $1.75M. Because the maximum LTV for purchases over $1M is 80%, you'd only be eligible for a maximum loan amount of $1.4M, which is $200k less than if the home's value matched the purchase price.

With the current climate of the housing market where purchase prices often far exceed the value of the home, it's important to know exactly how much you can afford to spend, and I'm here to help you with that.

Reach out anytime to learn more and discuss your options.

06/22/2021

Summer is here, and the only thing hotter than the weather is the real estate market. Even with the new Stress Test rate that was introduced earlier this month with hopes of cooling things off, the heat is yet to be beat.

On June 1st, the mortgage stress test rate was increased from 4.79% to 5.25%. There were many reasons for this change, including the curbing of rising home prices, and protecting buyers from the inevitable rise of interest rates. What it boils down to though is that borrowers will not be able to borrow as much as they were prior to the first of the month.

As the gap between asking and selling prices shrinks, it's a great time to see what you will qualify for whether you're looking to purchase or refinance your home.

Reach out anytime. Contact information in the bio.

03/17/2021

Happy St. Patrick's Day form The Kert Mortgage Team!

Getting a great deal on your mortgage takes more than having the Luck of the Irish on your side. It always helps to have an experienced team behind you to put your interests first, and who knows how to push the right buttons.

Whether you or someone you know are looking to purchase, renew, or refinance your mortgage, reach out to see how working with a team can help you find a pot of gold at the end of the rainbow. Contact info in the bio.