Steve Kornbluth Toronto Mortgage Agent

Steve Kornbluth Toronto Mortgage Agent Steve Kornbluth Toronto Mortgage Agent, assisting GTA families with their mortgage financing for over 8 years. Broker License # 10524
Agent License # M08003933

03/26/2024

I just created a facebook group showing real estate investors how to make their primary mortgage tax deducible. Who wants in?

02/22/2022

I was having a chat with a client of mine the other week, and they were facing a dilemma... They were considering selling their home and upgrading to a larger home. However they were faced with a big challenge, and that is how are they going to buy a larger home in this market?

With prices out of control, they were resigned to the fact that it might not be in the cards for them to move; and when you add in all the transaction costs with moving, it added up close to 100k. Plus, there's the stress and inconvenience of moving to a new home as well.

Luckily there's a solution where they convert their current house, into their forever home, and not need to a buy a new property in this market.

I call it a refinance and renovate mortgage.

Most Canadians who have lived in their home for several years have benefit-ted from their homes increasing in value, sometimes by 30-50% just in the past few years. Rather than selling and buying a new home, they can access the equity that has been accumulated, and use those funds to completely renovate and customize their current home.

If the thought of buying a home in this market seems like an impossible dream, the better solution may be right under your noses. It may make the most sense to stay where you are, and refinance to get the money you need to renovate.

Feel free to reach out with any questions you have about the refinance and renovate programs.

01/28/2022

Is the bank making it hard on you to get approved for a larger mortgage?

The stress test has not made mortgage financing easier for Canadians. In hot real estate markets like Toronto, borrowers are finding it difficult to get offers accepted when there's 20-30 offers on a property. A lot of the time, people would bid more, but they are limited to the approval with their bank.

So, instead of buying a home in the city they love, they move an hour away to a city that's more affordable, but end up commuting an hour to and from work.

What if there was a way to increase the mortgage approval? There are lenders available who are not bound by the stress test, and can increase the amount of the approval by 25-30%. Rates may be slightly higher, but when you factor in the cost of gas, car maintenance, time away from family, and stress sitting in traffic two hours a day, a slightly higher mortgage rate and payment end up being far cheaper in the long run.

If you have an approval you'd like a second opinion on to see if we can qualify for a larger mortgage, please feel free to email or call;

Steve Kornbluth
TMG Safebridge Mortgage Solutions
[email protected]
Office - 905-290-0180
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933.

01/24/2022

Sometimes buyers go house hunting with a pre-approval from their bank, but are they actually pre-approved?

What's the difference between pre-qualifying and pre-approval.

Today, I discuss the difference between the two, and how relying on a bank pre-approval may not be the best idea; unless the bank reviews your income and down payment documents up front.

From Experience, I can tell you that not all banks will review documents ahead of time. Imagine getting an accepted offer to buy a home (firm), and then you find out the bank will no longer give you the mortgage because the income on the application, is not the same as what was provided.

for other helpful tips, please like my page, and if you have any questions, feel free to reach out,

Steve Kornbluth
TMG Safebridge Mortgage Solutions
[email protected]
Office - 905-290-0180
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933

12/17/2021

This simple strategy can save hundreds of dollars/month, and pay down the mortgage much quicker if you took out a variable rate mortgage approximately 12-18 months ago. I promise that the bank is not spilling the beans on this secret either. Feel free to comment, or connect with me offline.

Steve Kornbluth

TMG Safebridge Mortgage Solutions
https://www.stevekornbluth.com/
[email protected]
Office - 905-290-0180
Cell - 416-659-7128
Broker License # 10524

11/18/2021

Today, I'm joined by my dog Auggie, and I'm talking about bridge laons 🌉 and why they're so important.

Bridge loans have saved my clients a lot of time and money when they're buying and financing their next home.

Most people use bridge loans when closing dates don't match up, but I suggest using bridge loans even if closing of your sale, and purchase happen on the same day.

Lots of things can go wrong from your buyers lender to the lawyer, and these delays can prevent you from closing your mortgage on time, and getting your new keys. Save yourself the grief and set up a bridge loan, it's easy, and cheap, well worth the investments.

If you have any questions regarding a bridge loan, or any mortgage financing questions in general, feel free to reach out,

Steve Kornbluth

TMG Safebridge Mortgage Solutions
https://www.stevekornbluth.com/
[email protected]
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933

11/02/2021

Are rates going to rise? Yes.

Should we Panic? No.

In this video to my client base I talk a little about the bank of Canada's recent announcement, and what the means for borrowers who have variable rates, and what kind of strategies we can use to get in front of these rising rates.

10/26/2021

I had a question the other day about refinancing, and how do you know if it's worth it or not? Well, luckily, I have a mortgage calculator that solves this dilemma.

Your mortgage, is one of the largest debts you'll take on, and nobody wants to make a mistake with their mortgage. Making a mistake can potentially cost you tens of thousands of dollars in the long run. Ouch! This is why I invested in a sophisticated calculator, which helps my clients make that decision.

Whether it's simply moving the mortgage to a lower rate, or consolidating high interest debts, this calculator can show whether or not it makes financial sense to move forward.

I'm making this calculator available to anyone who wants to download it, simply click on the link below to grab your copy.

https://cma.me/steve-kornbluth

Steve Kornbluth
TMG Safebridge Mortgage Solutions
[email protected]
Office - 905-290-0180
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933.

, , , , , ,

10/19/2021

How to use home equity for your home renovations🔧

When you need to renovate your home, how do you pay for it?
You can use the contractor financing, but how expensive is that? you can liquidate investments, but if you're getting good returns, that may not be the best place to start.
By far, the cheapest and easiest way to help finance the cost of home improvements is through a home equity loan. In this short video, I talk about the different ways you can access the equity to upgrade your home.

If you want to chat with me directly, best way is to book a time in my calendar,
https://msgsndr.com/widget/booking/gE1gQitXfVDBBKQk1qxX

Steve Kornbluth

TMG Safebridge Mortgage Solutions
[email protected]
Office - 905-290-0180
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933

10/05/2021

What is dead equity?

For Ontario homeowners, this is money that is locked into their home that they cannot access.

My goal is to revive this equity in order to help families use it to create wealth.

Recently, I was able to help a family unlock their equity to payoff multiple credit cards and loans, consolidating their debts, and saving about $2300/month. What could you do with $2300/month?

Could you invest it?

Save for a child's university?

Help a struggling family member?

The possibilities are endless.

If you've owned your home for 3-5 years, chances are you have equity available that can be used to create wealth.

To see how I can help bring your equity back to life, send me a DM, or post a comment and I'll reach out to see how I can help.

Steve Kornbluth - Mortgage Agent

TMG Safebridge Mortgage Solutions
https://www.stevekornbluth.com/
[email protected]
Cell - 416-659-7128
Broker License # 10524
Agent License # M08003933

Address

12/25 Scarsdale Road
Toronto, ON
M3B2R2

Telephone

+14166597128

Website

Alerts

Be the first to know and let us send you an email when Steve Kornbluth Toronto Mortgage Agent 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 Steve Kornbluth Toronto Mortgage Agent:

Shortcuts

Share

Category