Mortgage Alliance Derek Christiansen

Finding your way through the mortgage maze can be daunting. With me by your side, you'll receive personalized guidance tailored to your financial situation. I'll help you secure the best rates and terms, simplifying the process so you can make informed decisions at every turn.

If you have equity in your home and need quick access to funds, a Home Equity Line of Credit could be the perfect solution.💳

Contact me today to learn more and find out if a HELOC is right for you! 💬

Here are five tips to help you get ready to buy your first home:

1️⃣ Keep a good credit score! The higher, the better. This is a snapshot of your financial health, and lenders use this to gauge your ability to repay debts.

2️⃣ Save a down payment! The bigger the down payment, the better – the minimum down payment when less than $500,000 is 5%; between $500,000 and $999,999, you will need 5% for the first $500K and 10% for the portion above $500K, and $1 million+ you need 20% of the purchase price.

3️⃣ Keep your income stable. Lenders like to see proof that you can make your payments; a full-time job is the best way to show it.

4️⃣ Pay down existing debt. Your balances don’t need to be at $0, but how much debt you carry will affect how much you can borrow.

5️⃣ Get a mortgage pre-approval!

🏡💰 Did you know? A whopping 73% of Canadians believe that real estate is a solid financial investment! 📈 Whether it's building equity, generating rental income, or securing a future asset, real estate continues to be a cornerstone of financial success.

Making the jump to homeownership can be scary, but a recent study done by Mortgage Professionals Canada shows that 90% of Canadians who make the leap are overwhelmingly happy with their decision to become homeowners.

If you are thinking about buying, send me a message. I work with many lenders to provide you the most options, and will guide you through the process. Plus, my services are free.

Automatically sticking with your current lender might not guarantee the best rate. Reach out to review your mortgage, secure the most competitive rate, access additional funds, and tailor your amortization or payments. 🗓️💵

Mortgage renewal is a chance to renegotiate. Start early to ensure your financial goals are met. 💲You don’t have to handle the renewal alone. I’m here to offer guidance and support; don’t hesitate to reach out with any questions.

If your home will be owner-occupied, you need 5% down for the first $500,000 of the purchase price, and 10% for any amount over $500,000 up to $999,999. If the purchase price is $1,000,000 or more, the minimum down payment is 20%.

According to CMHC’s Mortgage Consumer Survey, most homebuyers are accessing their savings or equity from a previous home for their down payment. Followed by RRSP savings and gifts from family members.

If you have any questions about the down payment options available to you and how to use them, send me a message!

🔔 Considering your mortgage renewal? Given last week's rate decrease and the potential for further drops, consulting with a mortgage broker like me is vital in today's market. 📉

Let's work together to safeguard your financial future. Reach out for a free consultation.

Self-employed? I’m here to unlock opportunities, not build obstacles! I have exclusive access to lenders who understand the needs of self-employed individuals. Together, we will evaluate your unique circumstances and guide you on the best approach.

Supporting self-employed borrowers is one of my core strengths! Reach out today for a free consultation.

When mapping out your journey to homeownership, keep these key steps in mind:

✅ Maintain a solid credit score
💼 Save for a down payment
💰 Ensure your income is stable
🧾 Pay off any outstanding debt
💪 Obtain a mortgage pre-approval

By tackling these steps, you'll be on your way to making your homeownership dreams come true! 🌟🗝️

A mortgage pre-approval shows you how much mortgage you can qualify for based on your financial standing. Getting pre-approved can save you time and give you more negotiating power when you find the home of your dreams. 🏡 🥰

Planning to buy a home? Reach out to get pre-approved. It’s quick, easy, and doesn’t cost a thing. 🆓

A Home Equity Line of Credit (HELOC) lets you tap into your home's equity, providing flexible access to funds when you need them. 💳

Wondering if a HELOC is the right choice for you? Reach out to learn more! 💬

Did you know your employment income isn't the only source you can use to qualify for a mortgage? 💵

Pension payments, child tax benefits, child support, bonuses, and investment income can all be factored in to boost your application and help you qualify for a mortgage. 🏡

A mortgage pre-approval tells you how much you can borrow based on your financial situation. Getting pre-approved helps you save time and gives you more negotiating power when you find your dream home. 🏡

Planning to buy a house? Contact me for a pre-approval. It's quick, easy, and doesn't cost a thing. 💬

Your dream home is more than just a number—it's a place where memories are made and futures are built. Let me help you find the perfect mortgage to turn that dream into a reality. 🏡💫

Here are 5 reasons you should use a mortgage broker vs going to your bank:

1. Expertise: We are seasoned professionals with in-depth knowledge of the mortgage market.

2. Access to multiple lenders: Unlike banks or direct lenders, I have access to a wide network of lenders, including banks, credit unions, and private lenders. This gives you access to a broader range of loan products and competitive rates.

3. Personalized guidance: I work directly with you to understand your financial goals and preferences. Then provide personalized guidance throughout the entire mortgage process, from pre-approval to closing, ensuring you make informed decisions every step of the way.

4. Save time and effort: Searching for the right mortgage can be time-consuming and overwhelming. I handle the legwork for you, comparing options, negotiating terms, and handling paperwork, saving you valuable time and effort.

5. No cost to you: In most cases, working with a mortgage broker won't cost you anything. We are typically compensated by the lender, so you can benefit from my expertise and guidance without any out-of-pocket expenses.

If your mortgage is coming up for renewal, it is essential to reach out and explore your options. With today’s higher rate environment, some homeowners have difficulty qualifying at renewal and feel “stuck” with their current lenders. The best thing you can do is get advice early and explore your options.

Taking on debt that will potentially pay you dividends in the future, like a mortgage, is considered good debt.

Bad debt is when you take money from your future self to buy goods and services today, which provide you with no future income benefit.

The right amount of good debt can help you build long-term wealth and afford the things you want, without taking on bad debt.

Ready to unlock the benefits of refinancing your mortgage? Here's why it can be a game-changer:

📌 Lower Monthly Payments: Refinancing to pay off high-interest debt can potentially lower your overall monthly payments and free up more cash each month.

📌 Cash Out: Tap into your home's equity for renovations or other financial goals.

📌 Shorten Your Term: Switch to a shorter loan term and save thousands in interest over time.

📌 Flexible Terms: Customize your mortgage to better fit your current financial situation.

Ready to reap the rewards? Let's explore your refinancing options today!

🏡 Dreaming of owning your own home? Here's why getting pre-approved for a mortgage is your essential first step:

📌 Know your budget: Pre-approval tells you exactly how much house you can afford, helping you focus your search within your means.

📌 Competitive advantage: Sellers take pre-approved buyers more seriously, giving you an edge in negotiations and increasing your chances of landing your dream home.

📌 Faster process: With a pre-approval, the mortgage application process is streamlined, making your offer more attractive and reducing closing times.

📌 Rate lock: Secure a favourable interest rate early, protecting you from potential rate hikes while you shop for your home.

Don't wait - get pre-approved and turn your homeownership dreams into reality!

🏠 If your mortgage is coming up for renewal, you need to prepare for higher rates. Here are three ways you can prepare for higher rates at renewal:

1. Boost payments with prepayment privileges to lower principal.
2. Watch your high-interest debt.
3. If you are thinking about moving, get pre-approved, but don't max out borrowing limits.

Early advice is key! Reach out for personalized strategies.

Self-employed? We're here to unlock opportunities, not build obstacles! I have exclusive access to lenders who understand the needs of self-employed individuals. Together, will evaluate your unique circumstances and guide you on the best approach.

Supporting self-employed borrowers is one of my core strengths! Reach out today for a free consultation.

Fixed or Variable? It really depends on you and your families risk tolerance. A mortgage should be part of your financial plan and you should consider a number of personal factors, such as how long you plan to own the home.

If you take a long-term fixed rate and end up breaking the mortgage, the penalties could be very high. The best thing to do is to reach out, and together we will map out a few scenarios and outcomes. Then you can use that information to make an informed decision.

The housing market has cooled off from the peak in February 2022 and mortgage rates have begun a downward climb with most experts predicting this trend to continue.

Lower rates combined with a chronic housing shortage all point to the housing market heating up again. Buying now means you pay less for your home and when the market rebounds, the value of your home increases.

This is a moment of opportunity!

Second mortgages are usually taken out to help with short-term cash requirements, pay off higher-interest debts or for investment opportunities. Depending on your qualifications, a second mortgage will allow you to access 80% - 95% of your home equity.

One of the attractive things about second mortgages is the payment. In most cases, you can pay interest only or interest plus the amount of principal you select.

For more information, reach out for a free consultation.

Are you getting or renewing your mortgage this year? Uncertainty about interest rates continue to be top of mind for borrowers. Three strategies to help you limit your risk of uncertainty are:

1. Use multiple rate holds – Getting a rate hold early protects you from temporary increases before you sign off on your mortgage. If rates decline, you can ask for another hold at the lower rate.

2. Choose a short-term fixed – If you need a new mortgage now but believe rates will fall in the future, you can lock into a one-year fixed. These types of rates are higher than a 5-year fixed but if rates do decline over the course of the year, paying more for a one-year fixed works out better than locking into a 5-year fixed.

3. Choose a hybrid mortgage – This lets you split your loan into two or more portions tied to variable as well as fixed rates.

For more information, reach out for a free consultation.

Refinancing means getting out of your current mortgage and replacing it with a new one. This can be beneficial for many reasons. Take a look at 3 common reasons to refinance your mortgage. 🏠

👉 To consolidate high-interest debt
👉 To fund home renovations
👉 Access lowest-cost funds for a large expense

At renewal, you can renegotiate everything pertaining to your mortgage – with no penalties – which means this is an important moment of opportunity. You may also want to discuss refinancing your mortgage to pay off debt, complete renovations, or pay for a major expense ahead.

Reach out to explore your options.

Mortgage rates can be misleading and complex. The lowest rates aren’t available for all situations, like conventional mortgages, refinances, 30-year amortizations, and rental properties.

Rates are also used as a lure in online rate ads. But the reality is that once the fine print is read, many will find they don’t qualify for that rate, and often, there are restrictions that could cost homeowners in the long run.

If you see an online rate ad, do all the research you can, but be sure to call me to discuss. It’s my job to understand your situation and look out for your best interests.

Using a mortgage broker like myself gives you access to lending options you can’t get on your own. I deal with many lenders, from major banks to private lending options. This gives you more choice with one simple call.

Reach out today to schedule a free consultation.