Caily MacGregor

NEW Client Referral Program Starting January 1st, 2025! The primary source of my business comes from my current clients, whether they continue to use my services or refer their family, friends, and coworkers to me. As a thank you to my clients for continuing to use my services and share my name in the community I have created a new program which will include a draw for $1000 gift card from ballots collected between January 1, 2025 to November 30, 2025. The draw will take place on December 1st, just in time for the holiday season! Details: Draw Monday December 1, 2025 How to receive ballots to be entered into the draw; Current clients renewing, transferring, or refinancing their mortgage through me will receive 2 ballots Current clients that purchase a home and use my services for their new mortgage will receive 2 ballots Every referral a current client sends to me will receive 1 ballot, if that results in a closed mortgage clients will obtain additional 1 ballot for a total of 2 ballots Every client that provides a testimonial via email, Facebook, or google review will receive 2 ballots Any time a ballot is entered for you I will communicate that with you via text or email. If you and your partner are indicated by the person you referred then both your names will be put on the ballot(s) for that referral. Any new clients that receive a mortgage through me in 2025 will be eligible to participate in this program. $1000 Prize! Prize will be awarded in form of a gift card of the winners choice; Local Store, Local Restaurant, Amazon, Walmart, Best Buy, Gas, Travel Voucher, Uber, Grocery, Clothing Store, Home Improvement Store, or Charity of Choice. Thank you to my clients for your continued trust and support! Caily MacGregor *current clients are any clients that hold a current mortgage that I helped arrange or have renewed the mortgage I have helped arrange.

You have probably heard the words mortgage stress test in the news over the past couple of years and if you havent needed a new mortgage you may be wondering how this stress test may be affecting you. First of all lets break down what the stress test actually is: Contrary to popular belief the stress test isnt really that NEW, as a form of it has been in place for quite some time. Previously in fall of 2016 the government came out with the stress test for all insured mortgages, meaning mortgages with less than 20% downpayment. Then in January 2018 they rolled it out to all mortgages. Previous to 2016 the lenders had their own stress tests as well, they just werent as steep as the current stress test. Today, November 2019, the stress test is 5.19%. The current 5 year fixed rate is at 2.79%. What this means is that; if you got a mortgage today you would be paying your mortgage based on 2.79% but have to qualify for that mortgage by being able the carry that mortgage as if that rate was 5.19%. In turn this reduces your maximum borrowing power by about 20%. If you are looking to refinance or purchase a new home you will need to qualify based on the new stress test requirements. At this time the stress test only applies to NEW mortgages, so if you renew your mortgage with the same lender or had your mortgage before the 2016 rule changes then the stress test is not applied. Its important you work with a mortgage professionalthat can help you understand thecomplicated world of mortgage financing and make sure you are reaching your financial goals. Thats where I come in! Call or email me, Im always happy to help. Caily MacGregor, Accredited Mortgage Professional 204-954-7693/cailym@onelinkmortgage.com