Category: Uncategorized
-
Why Get Pre-Approved Before House Hunting? | Discover your path to homeownership with me today.
Mortgage pre-approval lets buyers know how much they can afford before beginning their Real Estate search. It helps narrow your property search to homes that match your approved mortgage budget. Sellers prefer pre-approved buyers, especially in competitive Real Estate markets with multiple offers. Pre-approval secures an interest rate for up to 120 days, shielding buyers…
-
First-Time Buyers: Master Your Mortgage Journey | Discover your path to homeownership with me today.
Start by getting pre-approved to show affordability—credit score >720 boosts your mortgage options significantly. Compare mortgage options, including government programs and incentives like $5K tax credit or $60K RRSP withdrawals.
-
Tips for First-Time Home Buyers in Canada
Canada's real estate market presents challenges for first-time home buyers due to limited supply, strict mortgage guidelines, and high prices. Government programs like the Home Buyers’ Plan, Home Buyers’ Tax Credit, and First Home Savings Account offer assistance. Buyers should evaluate their budget, understand local market conditions, and prepare for potential bidding wars. Mortgage pre-approval…
-
Happy Long Weekend! | Discover your path to homeownership with me today.
-
First-time homebuyer? Here’s what you need to know
Buying a first home involves deciding the type of property, assessing affordability, and understanding the local market. Consider your readiness to settle, budget for down payment and monthly costs, and factor in credit score and closing costs. Evaluate whether to rent or buy based on your situation. If your ideal home exceeds your budget, a…
-
How to Negotiate Mortgage Rates
Negotiating your mortgage rate with lenders is essential, as initial offers are often higher than what you can secure. Key times to negotiate include obtaining a new mortgage, renewing an existing one, or when rates drop. Understanding posted rates, shopping around for better offers, and asking for lower rates can lead to significant savings. Using…
-
What Really Drives Your Mortgage Rate Up | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Your mortgage rate isn’t random—it’s shaped by economic forces, lenders’ costs, and risk factors. Lenders borrow money too—your rate mostly depends on what it costs them to borrow.
-
How Mortgages Empower Homebuyersin Canada | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Canadian mortgages have amortizations up to 30 years, with typical terms lasting five years. Interest rates can be fixed or variable; your rate depends on your financial risk profile. Improving your credit score and income helps secure lower interest rates and better terms. Closed mortgages limit early payments, while open terms allow flexibility but charge…
-
How Is a Mortgage Different From a Loan? | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Mortgages are secured loans specifically used to purchase or refinance Real Estate properties. Personal loans can be secured or unsecured and cover expenses like cars, education, or vacations. Mortgages require down payments, offer lower interest rates, and have longer repayment terms than most loans. Loans range from $100 to tens of thousands; mortgages usually start…
-
How to Choose the Right Mortgage Lender | Tailored mortgage solutions to secure your dream home, start your process online with Mandeep Maan at breezeful Mortgages
Compare lenders by researching rates, prepayment options, penalties, and customer service responsiveness. Use online reviews and forums to understand real borrower experiences beyond promotional claims. Ask thorough questions to judge lender transparency and support during the mortgage process. Mortgage brokers simplify comparisons and may access lenders or deals not available directly. A lenders have strict…