Royal MTG

04/20/2021

1 in 10 homeowners rent or plan to rent an area of their home (according to Mortgage Professionals Canada 2020 Consumer Report). If you are interested in exploring how a rental income can impact your affordability, send me a message and we can look at your options.

01/31/2021

Borrowing money is harder for self-employed Canadians. A group that, according to Statistics Canada, has a higher median net worth than paid employees.

We can help turn the tables. With access to banks, private lenders, credit unions and more we will find the mortgage that's right for you.

01/05/2021

One call can give you access to tons of lending options you can’t get on your own. From major banks to private lenders and credit unions, using a mortgage broker gives you access to all of them. Contact me for a free consultation.

02/08/2020

If you want to get in the market but feel like it's impossible, let’s talk. I will review your current financial situation and set you on a plan to homeownership.

08/29/2019

Do you know the difference between using a broker vs the bank? As a mortgage broker I work for you. I have access to multiple lenders to find the product and rate that meets your needs. A mortgage specialist at the bank works for the bank. They have access to 1 lender and want to sell their product, not necessarily what is best for you.

06/19/2019

Are you eligible for the new government of Canada incentive??

03/26/2019

Statistics Canada's measure of rental rates might actually be reflecting reality now.

03/22/2019

The following outlines the proposed incentives from the Federal Budget 2019 for home buyers form. Please note, there are several unknowns with this proposal…

Knowns:
• Household income must be less than $120,000 – this essential caps the price at $500,000
• CMHC will contribute 5% towards down payment on resale homes
• CMHC will contribute up to 10% towards down payment on new construction homes
• RRSP First time homebuyers plan will now allow you to use up to $35,000 of your RRSP’s towards purchasing a property

Unknowns:
• CMHC will have up to a 10% equity stake in your property
o If you property increases in value, does CMHC get a percentage of that increase??
o If you property decreases in value, does CMHC participate in that decrease or are you on responsible for the full amount to CMHC?
• Legal costs to register the extra caveats likely higher
• What happens when you mortgage is up for renewal and you want to switch to a different lender? Will CMHC allow?
• Timelines to repay the 10%?
• What is the insurance premium cost?
• Who is considered a first time buyer? What if 2 people are buying together and one has owned a home before?
• Why will CMHC contribute more for new construction versus resale?
• If the Liberals don’t get re-elected, will these incentives actually be implemented?

If you are considering buying your first home, the best first step would be to book a meeting with us to determine all of the financing options available to you.

03/06/2019

Borrowing money to buy a home is harder for Canadians who are self-employed – a group that, according to Statistics Canada, has a higher median net worth than paid employees.

If you are self-employed and looking to buy a home or renew your mortgage, contact me! I specialize in self-employed mortgages.

02/28/2019

There is a powerful connection between design and joy. Ingrid Fetell Lee, author of 'Joyful: The Surprising Power of Ordinary Things to Create Extraordinary Happiness', is on a mission to share how easily happiness can come from small changes to your everyday spaces. Lee shares 10 simple design tips...

02/12/2019

Use refinancing as a strategic business tool!

If you ever thought refinancing was simply for companies in financial difficulties, let us set the record straight.