Mortgage Alliance Al Gregorio

Mortgage Alliance Al Gregorio My main objective is to deliver value to the mortgage consumer, and make sure that you get the Right Mortgage.

A rate hold will allow you to secure your interest rate so you can take your time house shopping. In the event rates ris...
05/23/2023

A rate hold will allow you to secure your interest rate so you can take your time house shopping. In the event rates rise, you will be able to take advantage of the rates available today. If rates drop, you can still secure the lowest rate available for you when you are ready to buy.

If you are considering buying over the next few months, now is the time to secure your rate.

According to the 2022 CMHC Mortgage Consumer Survey, 1 in 3 buyers financed their home with a gifted down payment. When ...
05/17/2023

According to the 2022 CMHC Mortgage Consumer Survey, 1 in 3 buyers financed their home with a gifted down payment. When the down payment is gifted, the purchaser needs to provide the lender with the below information:

📌 Relationship to the individual giving the money
📌 The amount of money being gifted
📌 The property the money is gifted for
📌 A statement specifying the money is a gift and does not need to be repaid
📌 Contact information of the person giving the money
📌 The source the funds are coming from

Specific requirements may vary depending on the lender. Reach out for more information.

Of the Canadians who bought homes in 2022, 62% reported needing outside help, like family, to make their down payment an...
05/03/2023

Of the Canadians who bought homes in 2022, 62% reported needing outside help, like family, to make their down payment and say they would not have been able to afford their home without it.

When the down payment is gifted, the purchaser needs to provide the lender with the below information:

📌 Relationship to the individual giving the money
📌 The amount of money being gifted
📌 The property the money is gifted for
📌 A statement specifying the money is a gift and does not need to be repaid
📌 Contact information of the person giving the money
📌 The source the funds are coming from

Specific requirements may vary depending on the lender. Reach out for more information.

Refinancing your mortgage or obtaining a HELOC (home equity line of credit) is a great way to fund a home renovation.You...
04/25/2023

Refinancing your mortgage or obtaining a HELOC (home equity line of credit) is a great way to fund a home renovation.

You get access to the cash you need at a low borrowing cost. Reach out today to see the options available to you.

Three reasons you should get a mortgage pre-approval:1. You will know the maximum amount you can spend on a house2. It c...
04/10/2023

Three reasons you should get a mortgage pre-approval:

1. You will know the maximum amount you can spend on a house

2. It can secure your rate for up to 120 dates while you shop for a house

3. It lets the seller know you can secure financing, giving you an edge when making an offer.

Reach out today for a free Mortgage Pre-Approval.

If your mortgage is coming up for renewal, it is essential to get in touch so we can explore your options. With the Stre...
03/29/2023

If your mortgage is coming up for renewal, it is essential to get in touch so we can explore your options. With the Stress Test and today’s higher rate environment, some homeowners have difficulty qualifying at renewal and feel “stuck” with their current lenders.

The best thing you can do is get advice early and explore your options.

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for i...
03/14/2023

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. Depending on your qualifications, a second mortgage will allow you to access 80% - 95% of your home equity. One of the attractive things about second mortgages is the payment. In most cases, you are able to pay interest only or interest plus the amount of principal you select.

For more information about second mortgages, send me a message.

If you are shopping for a mortgage, it is essential to know what you need to be able to qualify, but it is also importan...
02/27/2023

If you are shopping for a mortgage, it is essential to know what you need to be able to qualify, but it is also important to understand what could be holding you back from qualifying for a mortgage. Below are 5 points that could be impacting your chances of being approved for a mortgage:

1. Carrying too much debt
2. Poor credit history or not enough credit history
3. Not enough income or assets
4. Not enough of a down payment
5. Unstable employment history

If you feel any of the above points could be holding you back from getting approved for a mortgage, send me a message. I am armed with solutions for every situation.

If you are planning a home renovation, reach out to discuss your financing options. Borrowing through your mortgage can ...
02/22/2023

If you are planning a home renovation, reach out to discuss your financing options. Borrowing through your mortgage can be one of the most cost-effective ways to fund renovations.

Refinancing means getting out of your current mortgage and replacing it with a new one. Take a look at three common reas...
02/13/2023

Refinancing means getting out of your current mortgage and replacing it with a new one. Take a look at three common reasons people refinance their mortgage. 🏠

If you have any questions or would like to review your options, I’m here to help.

Address

200-2005 Sheppard Avenue E
Toronto, ON
M2J5B4

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