Ken Walters - Walters Mortgage Group at Mortgage Alliance

Are you new to Canada and looking to buy? I can help you find the best lending solutions available. I have access to lenders who specialize in Newcomer Mortgages. Reach out and let’s start the conversation.

A rate hold is when you secure your interest rate for a period of time while you shop for a house. The next Bank of Canada interest rate announcement is September 4th. If rates drop, you can still secure the lowest rate available for you when you are ready to buy.

Household debt levels have reached record highs in Canada. If you are a homeowner and carrying high-interest debt, it may make sense to refinance your mortgage and potentially free up more cash each month.

Send me a message and we can discuss your options.

Looking to add value to your home without breaking the budget? Below are 5 easy renovations you can take on that will increase the value of your home.

1️⃣ Replacing or refreshing your front door, even adding a smart lock

2️⃣ Replacing old caulking and changing the towel racks, storage and hardware can help modernize your bathroom

3️⃣ For your kitchen, replace kitchen lighting and re-face kitchen cabinets

4️⃣ Upgrade door hardware

5️⃣ Replace your garage doors

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.

https://www.facebook.com/share/v/PEBAy6WhLx54xGTt/?mibextid=WC7FNe

If you’re looking for “Golden Years” mortgage financing solutions, for you or someone you love, I strongly suggest a chat with Vanessa Hopkinson; she’s got a plan!

You don't have to worry about getting rate quotes when you work with me! With access to major Banks, credit unions, national, regional, and private lenders, I shop the market for you.

If you are looking at low online rates, do your research, and get in touch to discuss. Rock-bottom online rates often come with restrictions and high penalties that could work against you in the long run. Necessary mortgage privileges don't fit in a rate ads but are critical when determining the best mortgage for your situation.

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.

Transform your backyard into your summer sanctuary! Discover 7 simple tips to revamp your outdoor space:

📌 Outdoor Rug: Instant vibrancy, zero hassle!
📌 Fountain: Add serenity with soothing water sounds.
📌 String Lights: Create a magical nighttime ambiance.
📌 Vertical Garden: Maximize greenery in minimal space.
📌 Trellis: Elevate with architectural charm.
📌 Garden Path: Combine functionality with beauty.
📌 Cozy Furniture: Turn your patio into a comfy retreat.

No matter your space's size, create your oasis and embrace the season! 🌞

You can improve your ability to qualify for a mortgage. To get an idea of what strategies will work best for you, have a conversation as early in the process as possible. Being as prepared as possible will reduce stress and possibly save you money. Get in touch and make sure your experience is both happy and prosperous!

Below are five ways to improve mortgage qualifying success:

1️⃣ Help from parents – cosign, gifted downpayment
2️⃣ Pay off debt
3️⃣ Polish your credit
4️⃣ Put down a larger downpayment
5️⃣ Get advice early

Dreaming of your perfect home? 🏡 Start your homeownership journey by boosting your credit score with these 4 tips: 📈

1️⃣ Always pay your bills on time 📆
2️⃣ Keep credit card balances below 30% of your limit 💳
3️⃣ Regularly check your credit report for errors 📝
4️⃣ Avoid opening unnecessary new credit accounts 🚫

Follow these steps and watch your credit score soar!

Ready to secure your dream home? Contact me today and let’s start the process! 🏡💼

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! 💬

5 Home Renovations with a big ROI:

📌 A Kitchen Renovation – one of the biggest projects you can undertake to beef up your home’s value.

📌 A New Garage / Additional Parking – Having a single parking spot in most Canadian cities, let alone two or even three, feels like hitting the jackpot!

📌 Backyard Entertainment – Outdoor living space is always appreciated, especially when it comes to summertime.

📌 A Finished Basement – One of the easiest ways to increase the square footage of livable space in your home.

📌 A Fully Functional Family Mudroom – A properly organized mudroom is a meaty value-add to a family home. Extra points if you can squeeze in a dog bath!

While many people decide to co-own a home for cultural reasons or to help take care of elderly parents or young children, more Canadians are now turning to co-ownership as a means to combat housing in-affordability.

By dividing the cost of a home between more people, Canadians can get their foot on the property ladder more easily and expand their home search to more desirable locations or larger properties that may not have been accessible with their budget alone.

A co-ownership strategy allows you to get into a home today, build equity, cash out, and then buy your home with the equity you’ve built over the first four or five years.

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!

If you are getting ready to buy your first home, reach out! I work multiple lenders including banks, credit unions, and some lenders that are exclusive to the broker channel. The options available with me could save you thousands over the term of your mortgage.

When buying a home, remember to budget for more than just the initial cost. Factor in expenses like legal fees, land transfer taxes, and home inspection fees, which can range from 1.5% to 4% of the home's price.

Planning for these additional costs upfront can help you navigate the path to homeownership smoothly and avoid unexpected surprises.

🏡💰 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.

If you are thinking about buying or your mortgage is coming up for renewal, reach out for a rate hold. The next Bank of Canada announcement is July 24th. Having a rate hold in place ensures you will get the best possible rate available to you when you are ready to close on your mortgage.

Competitive rates continue to be the top-cited reason for working with a broker, as well as the ability to obtain multiple quotes.

👉 Broker customers receive more than 50% as many quotes as bank customers, providing more choice to meet your needs.

Jumpstart your home-buying journey with a pre-approval:

💰 Understand your budget
⏩ Accelerate the process
🔒 Secure a favorable rate
😌 Enjoy a smooth and stress-free experience

Contact me for a free pre-approval! 🤝🏡💼

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.

🏡 House hunting? Secure your rate with a rate hold! A rate hold allows you to lock in today's rate while you search for your dream home. If rates go down, you can still take advantage of the lower rate available when you are ready to buy.

It is important to know what you need in order to qualify for a mortgage. It is also important to know what factors could be holding you back from qualifying. Below are 5 key points that could be impacting your buying power.

1️⃣ Carrying too much debt
2️⃣ Poor credit history or not enough credit history
3️⃣ Not enough income or assets
4️⃣ Not enough of a down payment
5️⃣ Unstable employment history

If you feel that any of the above points could be impacting your chances of qualifying for a mortgage, reach out. I am armed with solutions and here to help.

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!

If you have owned your home for several years, you most likely have a large amount of equity. You can use this equity to purchase a rental property and increase your monthly cash flow. With rent prices currently up on average 9.3% Year over Year, combined with a record-high population increase, there has never been a better time to explore owning an income property.

Reach out to explore your options.

🔔🏠 Ready to take the plunge into homeownership? The moment is here! 🚀 More than half of Canadian home seekers paused their search amidst increasing interest rates. But here's the kicker: a mere 0.25% decrease has reignited their interest! 💥 Don't let this opportunity pass you by – usually, lower rates coincide with higher prices.

Contact me today for a free pre-approval and be ready to make an offer when you see the home you love. 📈💰

🔔 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.