Shawna Snair, Mortgage Advisor in Halifax NS

🌟 Happy Weekend, Everyone! 🌟

As I enjoy some quality time with my favorite person, I wanted to take a moment to remind you all to cherish the little moments and have a fantastic weekend!

Whether you're relaxing at home, going on an adventure, or spending time with loved ones, make it count!

If you have any questions about mortgages or home buying, don’t hesitate to reach out. I’m here to help!

Cheers to a wonderful weekend ahead! ❤️

Refinancing -Unlock Your Home’s Full Potential
Ready to make the most of your mortgage?Lower your payments, consolidate debt, or fund home improvements!
Let’s get started- Reach out today!

Cheers to a Long Weekend! 🌞

As you enjoy this long weekend, take a moment to relax and recharge.
Whether you're thinking about refinancing, buying your first home, or investing in property, I'm here to help you every step of the way. Your dream home journey is just around the corner.

Have a fantastic time with family and friends! ❤️

Thinking about your mortgage options?
With rates slightly coming down, it’s a great time to consider the best term for your needs.

✨What’s a Mortgage Term?
The mortgage term is the length of time your mortgage contract is in effect. Terms can range from a few months to several years.

📅 Short-term vs. Long-term
Short-term (1-3 years): Ideal if you expect rates to drop further or plan to move soon.
Long-term (5-10 years): Provides stability with a fixed rate, great for budgeting and peace of mind.

💡 Why Choose Short-term?
Flexibility to refinance when rates drop.
Potentially lower initial rates.

🏦 Why Choose Long-term?
Rate security for a longer period.
Less worry about market fluctuations.

✨ What’s Right for You?
Assess your financial goals and plans.
Consider market trends and expert advice.

Want to explore your options?
Let’s chat!

Good news! 🏡

With this rate cut, many homeowners with variable or adjustable rate mortgages will benefit from lower monthly payments, freeing up extra cash for other financial goals.

It's a great time to review your mortgage terms and explore your options!

If you have any questions or need personalized advice, feel free to reach out!

🏡Port Your Mortgage, Keep Your Rate!
Porting your mortgage means transferring your current mortgage to your new home, allowing you to keep your interest rate and terms!

Why Port Your Mortgage?
✅ Save money by keeping your low interest rate
✅ Simplify the transition to your new home
✅ Avoid penalties and fees

Ready to make your next move hassle-free?
Let's chat about how porting your mortgage can work for you!

🔑 Unlock Your Homeownership Dreams!

As your trusted mortgage broker, I’m here to make your home buying journey smooth and stress-free. Whether you're a first-time homebuyer or looking to refinance, I've got you covered!

Today's Tip: Did you know that getting pre-approved for a mortgage can give you a competitive edge in the housing market? It shows sellers that you’re serious and financially prepared.

Need more info? DM me or call me to schedule a consultation!

I am truly touched by their kind words and thrilled to see the positive impact we've been able to achieve together.

Helping my clients reach their financial goals is why I love what I do.
Thank you for trusting me with your journey! 💙

Why Choose a 30-Year Amortization? 🏡

Lower Monthly Payments: Spread out over 30 years, payments are more affordable each month. 💰
Improved Cash Flow: More disposable income for other expenses, savings, or investments. 💸
Easier Qualification: Lower payments can help you qualify for a mortgage more easily. 📝
Flexibility: Pay extra when you can, without the pressure of high monthly payments. 🔄

Curious how a 30-year mortgage could work for you?
Let's connect and explore your options!

5 key points about the mortgage stress test:

Higher Interest Rate: 📈 Borrowers must prove they can make payments at a higher interest rate than the one they are being offered. This higher rate is typically set by the government or the central bank.

Debt-to-Income Ratios: 💳📊 Lenders assess the borrower's debt-to-income ratios, which include the Gross Debt Service (GDS) ratio and the Total Debt Service (TDS) ratio. These ratios measure the percentage of a borrower's income that goes toward housing costs and all debts, respectively.

Qualification Rate: 📉📝 The qualification rate for the stress test is the greater of the mortgage contract rate plus 2% or the Bank of Canada’s five-year benchmark rate.

Impact on Borrowing Capacity: 💰📉 The stress test can reduce the maximum loan amount for which a borrower qualifies, ensuring they do not overextend themselves financially.

Purpose: 🏠💼 The primary purpose is to mitigate risk in the housing market and to protect both borrowers and lenders from potential financial instability.

Having good credit is essential when buying a home. 🏠

It qualifies you for lower mortgage rates, better loan terms, and increases your chances of loan approval, which ultimately saves you money over the life of the loan.

Reach out today and let's achieve your homeownership dreams with the best possible financial advantage.

Thinking about renewing your home sweet home?
I'm here to help every step of the way!
Feel free to reach out with any questions or concerns you may have.
Let's make your renewal process a breeze! 🏡✨

Thank you for choosing us to assist you.
It has been an absolute pleasure working with you throughout this process. ❤️

Closing costs typically include fees for services that may include an appraisal, title search, title insurance, property survey, lawyer fees, and possibly additional items specific to your scenario.

There may be costs related to loan origination and prepaid property taxes.
It's important to review and understand all the closing costs associated with buying or selling a home to avoid any surprises at the closing table.

What is the Value of Your home? 🏠
To determine the value of your home, you typically look at three different values: Market value, Assessed value, and Appraised value.
Reach out with any questions today!

"Unlocking the Secrets of Interest Rates: What Really Drives Your Rate Offer? 💸

As long as you intend to live in the home, every purchase can be done with a minimum 5% down payment. (subject to ratios etc of course)
Buyers will also be able to transfer their CMHC premium if it is the most suitable option when selling their current home ☺️

Wishing everyone a safe and enjoyable Victoria Day weekend!

Choosing between a Fixed-rate and a Variable-rate mortgage depends on your financial goals, risk tolerance, and outlook on interest rate trends.

Fixed Rate:
1️⃣Provides stability and predictability as your interest rate and monthly payments remain constant throughout the loan term.
2️⃣Ideal for those who prefer budgeting certainty and want protection against potential interest rate hikes.
3️⃣Suitable for borrowers who plan to stay in their home for an extended period and want to lock in a consistent rate.

Variable Rate:
1️⃣Can offer opportunity for lower interest rates compared to fixed rates, potentially resulting in lower monthly payments and more paid on principal.
2️⃣Interest rate and monthly payments can fluctuate based on market conditions.
Might be suitable for borrowers who expect interest rates to remain stable or decrease, or for those planning to sell or refinance before potential rate increases.

It's wise to weigh the pros and cons of each type of interest rate, consider your long-term financial goals, and consult with a financial advisor or mortgage professional to determine the best option for your specific situation.

Buying your first home is an exciting milestone, however it can also be overwhelming.

Here are some key tips for first-time homebuyers.

By following these and working with knowledgeable professionals, first-time homebuyers can navigate the journey with confidence and make informed decisions as they step into homeownership.

Did you know there are several ways you can come up with a downpayment for a home?

From saving diligently, to tapping into your retirement funds, exploring all your options is crucial for achieving your dream of homeownership.
Don't let finances hold you back from purchasing a home - with careful planning and determination, you can make it happen!

Ready to learn more about how you can come up with a downpayment for a home?
Drop a comment below or send me a message to get started.

Unlock your home's hidden treasure. 🏠

The Home Equity Line of Credit offers flexible access, allowing you to tap into your equity as needed and at your convenience!

Understanding these common mortgage myths can help potential homebuyers make informed decisions and navigate the mortgage process more effectively.

Reach out to address any questions or concerns related to these myths and ensure a smooth home buying experience. 😊

Buying a home can be a stressful process but I am here to help you through it all and you are not alone!

Here are some strategies and tips to help alleviate stress during the home buying process.

We take great pride in assisting first-time homebuyers on their journey to homeownership.

Understanding the distinctions between insured, insurable, and uninsured mortgages is essential for borrowers as they navigate the mortgage market and consider their financing options based on their financial circumstances and long-term objectives.
Insured, insurable, and uninsured usually all come with different rates
Please reach out with any questions!