Jennie Grevers, Mortgage Agent Level 2 M12001873

09/30/2024

Real Mortgage Associates is now powered by The Mortgage Centre!! Message me to chat about your mortgage needs.

09/16/2024

Today's mortgage announcements: 30 year amortizations are now available for all First Time Home Buyers AND anyone purchasing a new build home, whether you are a first time home buyer or not.

As well default insured mortgages will be allowed on homes with up to $1.5 million in value, which is an increase from $1 million. This means that buyers can now bid on more expensive homes even if they have less than a 20% downpayment...if they qualify.

These changes take effect December 15.

09/04/2024

Little bit of relief...the BOC just reduced their lending rate by 25 bps. Good news for anyone with a variable rate mortgage or lines of credit.

07/24/2024

Great news for everyone with a variable/adjustable rate mortgage or a secured line of credit...the Bank of Canada cut their rate by 0.25% today.

12/16/2022

12/23/2020

This has been a challenging year for many and I am thankful for all of your love and support this past year. It's been an eventful year for Canada and the rest of the world. Mortgage rates are still at record lows and the housing market is still booming. These times are quite unprecedented.

My Christmas will be very quiet this year, spending the time with my kids and in quiet reflection...thinking of the good that has come from 2020 and my hopes for family, friends, clients, Canada and the World in 2021. I hope you all have a great Christmas. Stay safe, stay healthy. I look forward to seeing each of you in 2021.

06/27/2020

Mortgage rates are so low!!! Message me to discuss your purchase, transfer or refinance options.

02/19/2020

Qualifying for a mortgage may get a bit easier. J

We could potentially see a 50- to 100-plus bps reduction in the stress test rate by sometime next year

09/03/2019

Starting September 2nd, 2019 the government is accepting applications for the First Time Home Buyers Incentive Program (the purchase must close AFTER November 1, 2019). The Incentive enables first-time homebuyers to reduce their monthly mortgage payment without increasing their down payment. The Incentive is not interest bearing and does not require ongoing repayments. If you meet the criteria, you can apply for a 5% or 10% shared equity mortgage with the Government of Canada.

Through the First-Time Home Buyer Incentive, the Government of Canada will offer:

- 5% for a first-time buyer’s purchase of a re-sale home;

- 5% or 10% for a first-time buyer’s purchase of a new construction

You are considered a first-time homebuyer if you meet one of following qualifications:

- you have never purchased a home before

- you’ve recently experienced a breakdown of a marriage or common-law partnership;

- in the last 4 years, you did not occupy a home that you or you current spouse or common-law partner owned

There are a few qualifiers to apply for this incentive:

- you need to have the minimum down payment to be eligible (5-19.99%)

- your maximum qualifying income is no more than $120,000

- your total borrowing is limited to 4 times the qualifying income

To find out if you qualify for this program or to simply chat about it do not hesitate to contact me!