Flex Mortgage Solutions by Laila

Flex Mortgage Solutions by Laila One STOP for all Mortgage Solutions!!!

Using a mortgage broker like myself gives you access to lending options you can’t get on your own. I deal with many lend...
01/08/2024

Using a mortgage broker like myself gives you access to lending options you can’t get on your own. I deal with many lenders, from major banks to private lending options. This gives you more choice with one simple call.

Reach out today to schedule a free consultation.

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will o...
01/04/2024

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will often send you an early renewal offer during the period. It is important to know that early renewal offers are usually uncompetitive. Your best option is to reach out and explore your options!

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are bene...
12/27/2023

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as;

📌 Less competition, which gives the buyer more edge.
📌 Prices are coming down from the record highs, making homes more affordable.

What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run.

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready ...
12/19/2023

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are:

1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal.

2. Watch your bad debt. Be cautious about any credit card or other high-interest debt.

It is not about panicking; it’s about being prudent. Reach out to determine your best strategies.

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for ...
12/13/2023

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for you. This allows you to construct your own home from the ground up.

Homebuilding loans differ from ordinary mortgages in terms of loan length and loan availability.

Here are a few quick tips on construction loans 🛠:

📌Construction loans enable you to fund the construction of unique residences.

📌You do not receive the entire mortgage amount straight front. Instead, four payments are made with each building milestone.

📌Construction loan rates are often higher than regular loan rates.

For more information on construction loans, reach out.

With the higher interest rate environment we are currently in, a solution to lowering your monthly mortgage payment coul...
12/04/2023

With the higher interest rate environment we are currently in, a solution to lowering your monthly mortgage payment could be extending your amortization. Extending your amortization will stretch your mortgage repayment schedule out, which can potentially lower your monthly payment.

Reach out to see if this is a good solution for you.

If you have an insured mortgage with CMHC, Sagen, or Canada Guaranty, you are exempt from the Stress Test when switching...
11/29/2023

If you have an insured mortgage with CMHC, Sagen, or Canada Guaranty, you are exempt from the Stress Test when switching lenders. As a mortgage borrower, this gives you more choice vs. a ‘take it or leave it’ scenario.

Reach out to explore your options.

Finding a co-signer for your mortgage is a great solution, but not everyone is comfortable taking on that responsibility...
11/20/2023

Finding a co-signer for your mortgage is a great solution, but not everyone is comfortable taking on that responsibility. Below are three alternatives to having a co-signer on your mortgage:

1. Receiving a gifted down payment. Depending on the amount, a gifted down payment might be exactly what is needed to help qualify for a mortgage without needing a co-signer.

2. Getting a joint mortgage. Joint mortgages are popular with parents helping their children buy a first home. They give both parties equal responsibility to make payments. In return, all parties get equal ownership of the home.

3. Using buyer assistance programs like the First Time Home Buyers Incentive, the Home Buyers’ Plan, or the First Home Savings Account.

For more information, reach out for a free consultation.

Purchase + Improvements is ideal for the person looking to purchase a home with great potential but needs a little extra...
11/13/2023

Purchase + Improvements is ideal for the person looking to purchase a home with great potential but needs a little extra work. It allows you to incorporate the renovation costs into your mortgage upon purchase.

Reach out to learn more and see if this product is right for you.

Address

200-2005 Sheppard Avenue East
Toronto, ON

Opening Hours

Monday 9:30am - 6pm
Tuesday 9:30am - 6pm
Wednesday 9:30am - 6pm
Thursday 9:30am - 6pm
Friday 9:30am - 5pm
Saturday 10am - 4pm

Telephone

+16475613407

Website

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