Wolfpack Mortgage Solutions- Daniel Gustavel

06/08/2022

05/28/2022

Put simply, mortgage pre-approvals are important because it helps to take the pressure off your home search, helping to make it a stress-free, enjoyable and exciting process. A pre-approved mortgage helps you understand what purchase price you are qualified for before you begin your search; ensuring you don’t look at homes outside of your price range.

Remember, when you buy your home, it’s not just the purchase price you need to worry about. You need to make sure you can also comfortably afford all of the other costs associated with owning a home including property taxes and utility bills. For a first-time buyer, these added costs may surprise you! The pre-approval process helps clarify it all and ensure you don’t become house poor.

Free online mortgage application link

https://velocity.newton.ca/sso/public.php?sc=1v5c5h9viyj7s


📞 613-893-1185 (cell)
📧[email protected]

05/19/2022

Before buying a home, you would explore all your options by viewing multiple homes. Your mortgage should be no different. If you only mortgage shop with one or two major banks, you may miss your opportunity to find a better mortgage with better rates, terms and options. By working with Wolfpack Mortgage Solutions Team, we do the mortgage shopping for you!

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/17/2022

Wolfpack Mortgage Solutions Team suggests you create a budget to ensure you have the financial means to afford your mortgage payment, property taxes, strata/condo fees, monthly utility bills and any other household expenses.

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/16/2022

Lenders look at 5 C's.

Credit, Capital (your income), Capacity (your income to debt ratio), Character (yes, they may google you!) and Collateral (condition of the property, location, history, essentially the characteristics of the real estate that will secure the mortgage)

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/12/2022

While new real estate listings come available daily, finding the right property that meets both your functional needs and your budget is not always straightforward. You may find a house with the perfect layout in your ideal neighborhood, but the interior needs some major upgrades before it meets your needs. This is where a Purchase Plus Improvements mortgage comes to the rescue. You can buy a home, renovate it to your liking and pay for it all in one mortgage payment.

Could you benefit from a product like this? Reach out to the Wolfpack Mortgage Solutions team for more information on how we can help you reach your renovation goals!

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/09/2022

Have you heard of the 5 C's? This is what lenders consider when looking at your mortgage application:⠀
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1. Credit⠀⠀⠀⠀⠀⠀⠀⠀⠀
2. Capital (your income)⠀⠀⠀⠀⠀⠀⠀
3. Capacity (your income to debt ratio)⠀⠀⠀
4. Character⠀⠀⠀⠀⠀⠀⠀⠀
5. Collateral (condition of the property, location, history, essentially the characteristics of the real-estate that will secure the mortgage)

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/06/2022

Did you know? Nearly 60% of borrowers simply sign & send back their renewal that is first offered to them by their lender without even shopping around for a more favorable interest rate.
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Before you lock in with your current lender, let us make sure it’s the best rate & product for you! With no obligation you have nothing to lose, and your lenders offer will still be on the table if we can’t beat it.

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/03/2022

Who else is excited for Spring?
I think that goes without saying… Spring and moving go hand-in-hand.

If you’re moving in the foreseeable future, these tips may come in handy:

📦Create a moving checklist
📦Weigh the pros and cons of hiring professional movers (sometimes it’s worth the splurge)
📦Declutter and get rid of unnecessary items so you can pack less when the time comes
📦Give each room a different colour packing label

Do you have any great moving tips? Feel free to share them below!

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

05/02/2022

Lenders use two rules to decide how much they’ll lend you:

Your housing costs shouldn’t be more than 39% of your gross income. Housing costs include mortgage principal and interest, taxes, heating expenses and half of your condo fees.


Your total debt (for housing, cars and credit cards) shouldn’t be more than 44% of your gross income.


But borrowing this maximum amount can be risky. If your income drops, your expenses increase or interest rates rise, you may have trouble making your payments. Take on a smaller mortgage so that your housing costs stay within your means.

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

04/29/2022

While the interest rate is obviously an important part of your mortgage, there's a lot more that you should be considering.

How long are you planning on keeping the property? Do you want to be able to change your payments, pay more or pay on a different schedule? Can you refinance later, or throw a HELOC behind it when you have more equity? ⁠And sometimes, going with the lowest rate doesn't make sense.⁠
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The first step to finding the right mortgage is right here - call me! ⁠

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]

04/28/2022

Equity is an asset that your home accumulates as you pay down your mortgage. You can also increase your equity by making renovations or otherwise improving how valuable your property is. Your equity will even rise by itself if your neighborhood becomes more desirable.

To calculate how much home equity you have, simply tally up the estimated real estate value of your property and subtract the balance remaining on your existing mortgage.

Once you have at least 20% equity, you’ll be able to access a variety of credit products that are secured against it.

Contact me for a free online mortgage application link

📞 613-893-1185 (cell)
📧[email protected]