“Why would I not just go to my bank to get my mortgage?”
If you have never dealt with a licensed mortgage professional before, that’s a fair question to ask. However, there is a big difference between going to your bank and having someone like myself help you with your mortgage needs.
When you visit your bank to get a mortgage, your only options are their rates, products, terms, and set of qualifications. That’s it… one choice. What if there are much better rates out there? What if you don’t meet their specific qualifications?
As a licensed mortgage agent, I often deal with those very same banks and well as credit unions, trust companies, private lenders, and financial institutions, so I have a wide array of products to work with. My goal is to find the best mortgage possible for you. I review your financial standing, listen to your needs, and then we choose the lender that’s the best fits your needs.
Typically, my services have no cost to my client either. Think of me as your personal mortgage shopper and advisor. I’ll take the time to explain how mortgages work and I’m more than happy to meet you for a coffee at Tim’s, my office, or at your home if that’s more convenient for you. And I know there’s no way a bank will text you back if you message them with a question at 11 pm.
Give me a call, send me a text, or email if I can assist with any of the following:
Mortgage Refinancing - Get out of a high rate mortgage, or unlock some of your home equity for debt consolidation or other important needs, such as financing an investment property.
Mortgage Renewals - At renewal, you can renegotiate everything pertaining to your mortgage - with no penalties. It's also a great time to save money!
Home Purchases - Review your mortgage options before you buy your next home, vacation or investment property.
First Time Home Buyers - There are many things to think about when buying your first home. Professional mortgage advice is a great place to start.
Debt Consolidation - I can help you find a mortgage lender that fits your budget, or start improving your credit now for the best mortgage rate later.
Personal Loans - Unsecured loans from $1,000-$35,000
Looking forward to working together, and finding you the right mortgage!
BLOG / NEWS Updates
Building permits up in Western Canada, down east of Manitoba
Four provinces reported increases in March, led by British Columbia with an increase of 12.8% (+$180 million). Meanwhile, all provinces east of Manitoba reported declines. The largest decrease was in Ontario, down 1.4% (-$43 million) due to lower construction intentions in the residential sector.
Quebec drives movement in non-residential permits. The national value of permits for non-residential buildings rose 7.9% in March, due to higher construction intentions for both institutional (+$175 million) and commercial (+$166 million) buildings. Gains in both of these components stemmed from Quebec. A high value permit for an addition to the Centre hospitalier de lUniversit de Montral drove the increase in the institutional component.
In the industrial component, the value of permits declined 15.6% in March (-$102 million). The decrease was largely the result of lower construction intentions in Quebec, where multiple high-value permits were issued in February.
Canadian home sales edge higher in March 2019
Home sales via Canadian MLS Systems edged up 0.9% in March 2019 following a sharp drop in February, leaving activity near some of the lowest levels recorded in the last six years.
There was an even split between the number of markets where sales rose from the previous month and those where they waned. Among Canadas larger cities, activity improved in Victoria, the Greater Toronto Area (GTA), Oakville-Milton and Ottawa, whereas it declined in Greater Vancouver, Edmonton, Regina, Saskatoon, London and St. Thomas, Sudbury and Quebec City.
Actual (not seasonally adjusted) sales activity fell 4.6% y-o-y to the weakest level for the month since 2013. It was also almost 12% below the 10-year average for March. That said, in British Columbia, Alberta and Saskatchewan, sales were more than 20% below their 10-year average for the month. By contrast, activity is running well above-average in Quebec and New Brunswick.
It will be some time before policy measures announced in the recent Federal Budget designed to help first-time homebuyers take effect, said Jason Stephen, CREAs President. In the meantime, many prospective homebuyers remain sidelined by the mortgage stress-test to varying degrees depending on where they are looking to buy. All real estate is local, and REALTORS remain your best source for information about sales and listings where you live or might like to in the future, added Stephen.