Renew your Mortgage

09/25/2024

Need a Project? $900,000 48 TEALHAM DRIVE

Toronto (Humber North Camp) , Ontario MLS® Number: W9353084

On transit and LRT ... So many offers trying too hard..

08/01/2024

Getting rich to me ( now over 60 ) is learning how NOT to go broke; Living below ones means and having
a solid retirement plan. Having SAVINGS for short term and long term needs. Cash is what puts food on the table.
Be a squirrel... Have plenty on hand.

07/12/2024

Let me think about it....

You can no longer respond with Hurry Prices are increasing

06/21/2024

https://realestatemagazine.ca/one-third-of-canadians-now-rent-amid-housing-affordability-challenges-royal-lepage/?utm_campaign=Daily%20News&utm_medium=email&_hsenc=p2ANqtz--gMC90CtYXQz5I7zw2sGcYsYHGTTV9zScf1XXIcHLTBzFbBj94EQP2WeD0uwXqLl7DPW_FthZyexKvnXY7bOsx-nRlg6apGkuA6h2nrXuISb9XIi4&_hsmi=312445662&utm_content=312445662&utm_source=hs_email

Hello Everyone,

I hope this email finds you well. The above article talks about how 1/3 of Canadians who are renting, are faced with the challenge of how to buy a home with interest rates still at 4 year high levels. I have had success by finding solutions to get purchasers into homes. Part of this is being able to work with multiple mortgage lenders, each who has their own niche market and product selection.

It all begins with a call and hearing your client's story. I remain optimistic that as the Bank of Canada meets 4 more times this year, further rate reductions will follow into not only the rest of this year but well into next year. We also have a Federal election in 2025 and we may see changes regarding amortization and stress tests These would be welcomed changes the mortgage brokerage industry have been advocating for several years.

As I put out to you earlier this year, Scotia Bank was the first bank to admit today's interest rates are about 2% higher hen they should be. In their article they site on a basis points, each level of government and also Federal government over spending all leading to this 2% premium.

Have a good week

Research shows many wish to transition to home ownership, but their greatest barrier to entry is coming up with a down payment

06/05/2024

What goes up, must come down.
The Bank of Canada just trimmed its key interest rate by 25 basis points to 4.75%, the first cut since March 2020.

Prior to this morning’s announcement, the BoC’s fourth of the year, monetary policymakers had been holding the key interest rate at 5% ever since making back-to-back hikes in June and July last year. This time around, most market-watchers expected a cut, though it was anything but certain.

When the key interest rate declines, variable mortgage rates have historically followed suit. Let us see what transpires in the next few days. It's a start and BoC meets still in 2024 4 more times.

Lindsay

Lindsay Doke
Mountainview Mortgage
Mortgage license 12568
LEVEL 2 Mortgage Agent License M18001723
E [email protected]
C 416 464 6423
W http://lindsaydoke.ca
F 1 888 877 3069
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Expertise, No Cost, Unbeatable Rates June 05 2024

★★★★★ · Mortgage broker

05/28/2024

What is the oldest thing in your house

Me...

05/17/2024

Hello All,

Hope this finds you well and ready to enjoy the long weekend with your families.

Well what an interesting year is turning out to be.
More then ever the advice we provide to our clients is vital and this is where you win trust. It is easy to win clients in an easy market like we had pre Covid. Where you make your mark and reputation, is working in these tougher volatile times.

Waiting to see what happens when the Bank of Canada meets in June to see what they do with interest rates. Economists are saying they expect a reduction in interest rates.

With the Federal government's recent announcement of the Capital Gains tax, this is hitting the condo market in the GTA and some cities hard. It is not easy being an Appraiser in a declining real estate value market. I am glad I can provide private mortgages as it has been the solution and saving grace to close a few of my deals lately. It is not unheard of now to see condo values in Toronto down in some areas up to 300K. Reverse mortgages are also on the rise and I have seen their merit for my clients as well.

To buy a condo without an appraisal is extremely risky and to walk away from a vendor that is only accepting firms offers, is the best advice I am giving my clients who are purchasing homes especially condos now. Also my move up buyers seeking traditional financing are now selling first, as going into a purchase subject to the sale of your home is a hard sell in this economy

Again with less then 20% down payment, I never ask my client to waive their financing as it's not done till they have a live deal with the respective 3 mortgage insurers.

To me, getting our clients protected with clauses for financing , inspection and appraisal not only is prudent but builds instant credibility with our clients. It is this credibility and trust that will grow as we see a return to normal with an expected steady reduction of interest rates. The hard conversations always provide the most value in the long run as they elevate our integrity.

As always I value your business and partnership.

Have a great long weekend and remember to "love the ones your with. "

Lindsay

Lindsay Doke
Mountainview Mortgage license 12568
LEVEL 2 Mortgage Agent License M18001723
E [email protected]
C 416 464 6423
W http://lindsaydoke.ca

05/17/2024

Hello All,

Hope this finds you well and ready to enjoy the long weekend with your families.

Well what an interesting year is turning out to be.
More then ever the advice we provide to our clients is vital and this is where you win trust. It is easy to win clients in an easy market like we had pre Covid. Where you make your mark and reputation, is working in these tougher volatile times.

Waiting to see what happens when the Bank of Canada meets in June to see what they do with interest rates. Economists are saying they expect a reduction in interest rates.

With the Federal government's recent announcement of the Capital Gains tax, this is hitting the condo market in the GTA and some cities hard. It is not easy being an Appraiser in a declining real estate value market. I am glad I can provide private mortgages as it has been the solution and saving grace to close a few of my deals lately. It is not unheard of now to see condo values in Toronto down in some areas up to 300K. Reverse mortgages are also on the rise and I have seen their merit for my clients as well.

To buy a condo without an appraisal is extremely risky and to walk away from a vendor that is only accepting firms offers, is the best advice I am giving my clients who are purchasing homes especially condos now. Also my move up buyers seeking traditional financing are now selling first, as going into a purchase subject to the sale of your home is a hard sell in this economy

Again with less then 20% down payment, I never ask my client to waive their financing as it's not done till they have a live deal with the respective 3 mortgage insurers.

To me, getting our clients protected with clauses for financing , inspection and appraisal not only is prudent but builds instant credibility with our clients. It is this credibility and trust that will grow as we see a return to normal with an expected steady reduction of interest rates. The hard conversations always provide the most value in the long run as they elevate our integrity.

As always I value your business and partnership.

Have a great long weekend and remember to "love the ones your with. "

Lindsay

Lindsay Doke
Mountainview Mortgage license 12568
LEVEL 2 Mortgage Agent License M18001723
E [email protected]
C 416 464 6423
W

Lindsay Doke is an accredited professional mortgage broker with The Mortgage Centre - Lindsay Doke -

05/07/2024

How can I be out of money if I still have checks in my chequebook?

05/03/2024

Hi David, we’re bringing together top experts to share their knowledge in an exciting new way: collaborative videos and articles. Because of your expertise, we’ve selected you to be one of the early contributors. https://youtu.be/U9oWnNhKj34?si=qJa5qFA9v3azV66u

w00t!

12/21/2023

The right of the individual to life, liberty, security of the person and enjoyment of property, and the right not to be deprived thereof except by due process of law.

Yup. There she be. The right to have property, “and the right not to be deprived thereof except by due process of law.” If that were the case today, any government could be challenged legally for the arbitrary imposition of a tax on the usage of your own home, for example, or the capricious seizure of your property on the suspicion of a crime (as now in BC).

Garth Turner