The term “rate hold" may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know!
A rate hold is offered by the majority of lenders to clients who are purchasing a new home and need a mortgage. The purpose of the rate hold is to secure the interest rate on your mortgage application for a certain time period. Often, these holds range from 90-120 days. Bear in mind, these are typically not provided for anyone refinancing their mortgage or looking to... more
Posted at 10:53 AM
Wednesday, March 22, 2023
The broker works for you. The bank doesn't.
The right mortgage is a critical factor determining long-term savings. The value of a professional mortgage broker comes from having someone who objectively works for you and is not limited to mortgage product offerings from one source; like a bank.
Advice on choosing the right mortgage option considers interest rate, payment privileges, payment penalties, long term savings and much more.
Thousands of Canadians are using a reverse mortgage as a financial solution to help them bridge their retirement savings, but did you know just how versatile a reverse mortgage is?
Health care related: Long-term care in Canada can cost anywhere between $2,000 - $16,000 per month.
Renovations/Retrofitting: Renovations or home retrofitting due to wear and tear, leading to standard of living being compromised or simply because of aging and mobility.
BE LIFE RICH, NOT HOUSE POOR!Buying at the top end of your pre-approval price could be setting you up for many dull years to follow.WHY?Because, your home cost is more than just a mortgage payment. There are property taxes, maintenance, utilities and more due every month. If those add up to 35% of your total income, you're on the right track. If not you might have to sacrifice in other categories such as vacation, debt repayment or savings. Your financial responsibilities can be broken down into these five areas.Housing - 35%This can... more
Posted at 06:00 PM
Saturday, October 5, 2019
Are you looking to change your current mortgage situation?Do you have equity in your home?Let me show you how I can save you money by doing a refinance.Here are two scenario's!Mortgage: $160,000 ( 17 yrs remaining est ) $ 1,100/mVehicle $ 33,000 $ 644/m3 credit cards $ 27,000 $ 810/mTOTAL DEBTS: $220,000 $ 2,554 / MAFTER REFINANCENew Mortgage $220,000 @ 2.79% @ 25yrs $ 1,017 / mor $220,000 @ 2.79% @ 15yrs $ 1,495 / mThe first scenario drops your monthly payment by $1,530 but adds 7 yrs to your mortgageThe second scenario drops your monthly... more
Posted at 01:38 PM
Monday, August 26, 2019
Are you or someone you know looking to purchase a home? If you have 5-15% down, I can get a rate of 2.39% on a five year fixed mortgage with proof of good income and good credit, it's the lowest it's been in a very long time. If you would like more information, please contact me at mtgwithshanta@gmail.com or fill out an on line application at www.shantalatchmana.com My services are free to my clients the lenders pay me.
Posted at 07:50 PM
Friday, August 16, 2019
Smart home buyers are taking advantage of today's low rates and down payment options. It's a big step buying your first house and pre-arranged financing will help you feel much more comfortable. ( Even If previously turned down before). Fill out the quick application at www.shantalatchmana.com and let's talk.
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The term “rate hold" may be something you are familiar with if you have worked with me in the past. If not, it is a term that all prospective buyers should know!
