The mortgage process can be intimidating. Navigating amortization, compounding factor, pre-payment privileges, substantially different methods of payout penalty calculations and the cumbersome documentation process can have your head spinning. For 18 years I have been simplifying the process. I have helped over 3000 families enjoy a net savings of more than 3 Million Dollars.
I have access to mortgage products from multiple lenders, and I work with you to determine the best product that will fit your immediate financial needs and future goals. Mortgages are not created equally.
I am a member of the VERICO MORTGAGE BROKER NETWORK, 5 time winner of Canada's Mortgage Company of the year. Being part of Canada's largest Mortgage company allows for access to unbeatable pricing and technology, but being locally operated allows us to be personal and understand the local market and your needs. Never before has experience mattered so much. Mortgage rule changes, government intervention and shifting markets have made mortgages very complex.
I save you money by sourcing the best products at the best rates – not only on your first mortgage but through every subsequent renewal or additional purchase. So whether you're buying a home, renewing your mortgage, refinancing, renovating, investing, or consolidating your debts — I’m the Mortgage Planner who can help you get the right financing, from the right lender, at the right rate.
I have only 3 days to get this done!
12 days into a 14 day financing condition I received a text from a Realtor... Can you take a call right now?
That call was about a young client who had been pre-approved by her bank 3 months earlier yet when it came time to get the file completed they could not help her. 2 things were very alarming: 1) they had pre-approved her for nearly $100 000 more than she purchased the home for, 2) they had been avoiding her inquiries into why she was not hearing from them.
I suppose there was one other thing that was a bit alarming, and that was the interest rate they had pre-approved her for and the fact that they didnt use the correct calculations on her CMHC insurance premiums. At the time this wasnt really an issue as there really wasnt an approval in place in the first place.
Fast forward 3 days (yes we needed a short extension as there was no way to get the file completed in just the 2 days remaining on the original condition period) and the file was completed. The file required a lot of supporting documentation from the client in order for me to build a strong case for an approval. Working with a lender that was focused on finding solutions rather than working inside a small box of policies was going to be important. One of the very important things to understand in this industry is that mortgages are not created equally and that my relationships with lenders and underwriters play a significant role in getting files funded.
As we get ready to enjoy Easter with friends and family I am humbled by the fact we were able to see this one through. We were able to get this young lady and her daughter into her home (she takes possession next week). We were able to satisfy the needs of a seller whom we dont even know, Realtors on both sides have a saved/completed deal, Solicitors on both sides have a file to work on. There are a lot of people involved in a transaction and when we can pull that together it is a wonderful feeling.
If you are in a similar situation I would be honoured to help you and your family. I am days away from completing my 3000th mortgage and each one brings the sum of savings well north of 2 million dollars.
P.S. We calculated her CMHC premium correctly, and I was able to secure a rate that was .55% lower than her original pre-approval. This is going to save her thousands of dollars over the life of he mortgage. What a great way to head into home ownership.
Almost one-quarter of Canadian seniors are caregivers
While older Canadians may be more likely than their younger counterparts to require help and care in their daily lives, almost one-quarter of Canadian seniors aged 65 years and older are caregivers themselves. And while the roles and responsibilities of these senior caregivers may have changed in the context of the COVID-19 pandemic, the challenges they face could be heightened.
Although the pandemic has affected the lives of all Canadians, seniors have been identified as a population particularly vulnerable to COVID-19. Not only are seniors more at risk of severe illness, they are also more affected by isolation measures. As a result, many senior caregivers who help people living outside of their household may not have been able to provide the same level of care that they usually do. Senior caregivers providing help to their spouse may also have seen their burden of care increase, given the possible lack of other support during the pandemic. For example, older caregivers who are usually supported by their adult children to provide help and care for their spouses, may have had to perform additional activities and provide more hours of care than usual. While the data in the current study were collected prior to the COVID-19 pandemic, the results highlight the many challenges senior caregivers already faced.
A new study, The experiences and needs of older caregivers in Canada, uses data from the 2018 General Social Survey on Caregiving and Care Receiving to provide a profile of senior caregivers in Canada. Senior caregivers are those who have provided help or care to a spouse, another family member, or a friend with a long-term health condition, a physical or mental disability, or problems related to aging.
Senior caregivers are likely to continue to play an important role in the years to come. As the needs for care and help increase with an aging population, smaller families and geographic mobility among Canadians may reduce the supply of potential younger family caregivers. Within this context, many older Canadians may be relied upon to become care providers, even though they may develop health issues of their own, including age-related physical and cognitive declines, chronic illness and some level of disability.
Week in review
Real GDP continued to recover in August, gaining 1.2% m/m, a result above the +0.9% print expected by consensus. This marks the fourth monthly gain in a row for this indicator, however total output is still down 4.6% from its pre-pandemic (February) level. Production rose in 15 of the 20 industrial sectors covered in August, with two others remaining flat in the month. Goods sector output climbed 0.5% on decent rises for construction (+1.5%) and manufacturing (+1.2%). Industrial production edged up 0.1%. Services-producing industries, meanwhile, experienced a 1.5% surge in production, with the steepest progressions occurring in arts/entertainment (+13.7%), accommodation/food services (+7.3%) and educational services (+3.4%). Year on year, total economic output was down 3.8%.
Canadian GDP registered yet another advance in August but the economic recovery remains highly uneven. Some sectors have now fully recovered from the COVID-19 shock and currently stand above their pre-pandemic peaks. That is the case for agriculture/forestry/fishing/hunting (+2.5% compared with February), finance/insurance (+2.1%), real estate (+1.5%), wholesale (+1.3%), retail (+1.2%) and utilities (+0.8%). That said, certain industries continue to suffer. For instance, production in the mining/quarrying/oil and gas extraction segment remains 17.2% below its February level thanks in large part to depressed energy prices. The sectors most affected by social distancing measures are also struggling to recover. Output in the arts/entertainment segment is roughly half what it was before COVID. Production in accommodation/food services, meanwhile, remains 28.2% short of pre-pandemic levels. Transportation and warehousing is also tracking 20.5% below February. While the economic rebound is likely to have extended into September Statistics Canada advance estimate suggests production expanded another 0.7% in the month the steep gap between the best and worst performing industries is likely to endure in a context in which people continue to avoid social contacts. Looking further ahead, the real question remains whether the recovery can be sustained, especially now that COVID-19 cases are surging back up, forcing some provincial governments to reintroduce social distancing measures.