Jesse Malek - Axiom Mortgage Solutiuons

If you've been sitting on the sidelines, waiting for the right moment to jump into the real estate market, now might be the perfect time. Recent interest rate drops could be the perfect time for you to make your move.

Lower rates mean more affordable monthly payments, giving you the chance to save on your mortgage payments Don’t let this opportunity pass you by. Let’s re-evaluate your options and see how these rate changes could benefit you.

Let's chat and explore your best options today!

*The prime rate is a base rate set by Canadian financial institutions to determine the variable interest rates they can charge on lending products, such as mortgages and loans. A bank’s prime rate is based on the Bank of Canada’s overnight rate, which changes multiple times in a year.

A mortgage pre-approval is more than just a rate hold — it's your key to understanding your budget, strengthening your purchase offer, and giving you peace of mind as you search for your dream home or secure your refinance/mortgage renewal.

Plus, with a pre-approval, you'll know exactly what you can afford, helping you focus on finding the financing solution to truly fit your financial plan.

Check out our handy checklist for the documents you'll need to make your pre-approval process seamless and stress-free. And remember, it's never too early to talk to us. Whether you're months or even years away from buying, refinancing or renewing... we're here to help you plan and prepare.

Reach out today!

Some major annoucements came from the government yesterday which are intended to help new buyers get into the market as well as make new builds more accessible.

1. First time home buyers can now access a 30 year insured mortgage (less than 20% down) on ALL properties.
2. ALL buyers of new builds can access a 30 year insured mortgage.
3. Increased the maximum insurable amount to $1.5M, up from $1M. This means buyers will be able to buy properties up to $1.5M with less than 20% down, currently anything over $1M requires 20%.

These changes will lower the amount required to put down for a lot of buyers. By allowing for 30 year mortgages it will lower monthly payments making it more affordable as well as allow people to access higher priced homes.

As a self-employed individual, you know the value of flexibility and personalized solutions — and that's exactly what a Mortgage Agent (Broker) offers.

Navigating the mortgage process can be challenging when your income doesn't fit the traditional mold, but we understand your unique situation AND have access to lenders who do too!

From finding the best rates to securing a mortgage that fits your financial landscape, we will guide you every step of the way, making a mortgage approval achievable, even when you're your own boss.

Ready to explore your options? Reach out today!

With many homeowners facing mounting challenges—rising household debt, unemployment, and increasing mortgage delinquencies; it's more important than ever to ensure you have the right mortgage product for your unique situation.

With a large majority of mortgages renewing in 2025 and 2026, lenders and homeowners are bracing themselves. The big banks have signalled they are preparing for a surge in defaults, highlighting the need for proactive financial planning.

This is where an independent, licensed Mortgage Agent (Broker) can make all the difference. By working with us, you gain access to personalized advice and a wide range of mortgage options designed to suit your specific needs.

Contact us at least 6 months before your renewal date to get your planning started. Don't wait until it's too late—connect with us today to safeguard your financial future.

TIP: Be Sure You Know How Your Payout Penalties Are Calculated

Are you aware of the penalties you would incur if you had to break your mortgage?

In Canada, if you have a variable-rate mortgage, you would typically have to pay 3 months of interest in order to break your mortgage. If you have a fixed rate mortgage, you would have to pay the greater of either 3 months of interest or something called the interest rate differential (IRD) —which is based on current mortgage rates and the time remaining on your mortgage (months/years. The rate can be posted rate or discounted rate when calculating this differential. Be sure you know how this calculation is done with the lender of choosing.

The Canada Day long weekend is almost here, and we couldn't be more thrilled!

Whether you're planning a getaway, spending time with loved ones, or simply enjoying some well-deserved relaxation, this long weekend is your chance to indulge in the things that bring you joy.

Life changes, and so do our financial needs. Maybe your household income has increased and you’re looking for ways to pay off your mortgage faster. Alternatively, a job loss, illness, or new family member might prompt the need for a manageable payment schedule.

Whatever the changes, we’re here to help!

We work with you to understand your situation, and assist you in navigating your options - mid-term or at renewal. Let's dive into the details together.

Unlike the bank, we have access to numerous lending options which means you have the added value of choice, as well as an increased chance of getting approved.

Contact us today to get started!

Wondering about the cost of using a mortgage broker? Here's the scoop:

Good News: Using a mortgage agent (broker) is generally free for you, the borrower.

How It Works: We are typically paid by the lender (some exceptions include alternative/private loans apply). Get expert independent advice.

Whether you're a first-time homebuyer, investor, or refinancing an existing mortgage, partnering with us can streamline the journey and help you achieve your financial goals.

June 21 2024 - National Indigenous People’s Day

Today, we honor and celebrate the rich cultures, traditions, and contributions of Indigenous peoples across Canada. National Indigenous Peoples Day is a time to recognize the resilience, wisdom, and diverse heritage of Indigenous communities.

Let's take this opportunity to learn, listen, and amplify Indigenous voices-not just today. but every day. Together, we can work towards reconciliation, understanding, and building stronger, more inclusive communities.

Happy National Indigenous Peoples Day to all!

Looking for the perfect mortgage? Mortgage agents/brokers are your ultimate ally! Here's why:

Negotiation Power: Experienced agents/brokers negotiate on your behalf to secure favourable terms and lower interest rates. Their established relationships with lenders give them access to more advantageous options than you might achieve independently.

By leveraging their expertise, connections, and negotiation skills, mortgage agents/brokers provide invaluable support in securing the best mortgage for your needs.

Ready to discuss your options? Reach out today!

Today, we celebrate the incredible dads who inspire us every day with their love, wisdom, and strength. From teaching us life's important lessons to sharing in our joys and supporting us through challenges, fathers play an irreplaceable role in our lives.

To all the dads, stepdads, grandfathers, and father figures out there—thank you for everything you do. Your dedication and care make the world a better place.

Did you know a home's value is determined by features like its square footage, location, age, quality, and the number of bedrooms and bathrooms?

Remember, a property’s value isn't constant—it reflects its worth in the current market compared to similar properties. Renovations, neighbourhood developments, and changes in the housing market can all influence this value.

When applying for a mortgage, the lender will ask for the property value. That's where a professional home appraisal comes in! It's a crucial step in the real estate and mortgage process, benefiting both buyers and lenders by providing an accurate, unbiased property valuation.

If your home appraisal doesn’t support the mortgage amount you require, don’t worry. Working with a licensed mortgage agent (broker) and real estate agent will assist you in a path forward and/or provide alternative options.

Renewing your mortgage? Don't fall into these common traps!

Here are 5 mistakes to steer clear of:

1 - Missing the Renewal Deadline 2 - Not Shopping Around for Better Rates 3 - Forgetting to Review Your Terms and Conditions 4 - Ignoring Changes in Your Financial Situation 5 - Overlooking the Fine Print 6 - Not speaking with a licensed mortgage agent (broker)

Remember, a mortgage agent (broker) is essential to ensuring you make the most of your mortgage renewal. We can help you navigate the process, find the best rates, and avoid costly mistakes. Don't hesitate to reach out for expert guidance!

Your credit score is a crucial factor in determining whether you'll be approved for a mortgage. It signals your financial health and provides a snapshot of your credit history, showing lenders how credit worthy you are.

𝗦𝘁𝗲𝗽𝘀 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱 𝗮𝗻𝗱 𝗜𝗺𝗽𝗿𝗼𝘃𝗲 𝗬𝗼𝘂𝗿 𝗖𝗿𝗲𝗱𝗶𝘁 𝗦𝗰𝗼𝗿𝗲:

𝗦𝘁𝗮𝗿𝘁 𝗘𝗮𝗿𝗹𝘆: Apply for a credit card and use it responsibly to build a credit history.

𝗣𝗮𝘆 𝗢𝗻 𝗧𝗶𝗺𝗲: Always pay your bills in full and on time. If you can't, at least pay the minimum required.

𝗠𝗮𝗻𝗮𝗴𝗲 𝗗𝗲𝗯𝘁: Pay off your loans, credit cards, and lines of credit as quickly as possible.
Keep Balances Low: Stay within your credit card limits and keep your balances low.

𝗟𝗶𝗺𝗶𝘁 𝗖𝗿𝗲𝗱𝗶𝘁 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀: Avoid applying for more credit cards or loans than you can manage.

Speak to a licensed mortgage professional before opening or closing accounts if you are thinking of acquiring a mortgage.

Building a good credit history boosts your chances of mortgage approval. We work with all types of credit scores - contact us today for more information!

Did you know your mortgage payment influenced by these 4 factors?

Amount Owing: The more you borrow, the higher your required payment will be. Interest Rate: A higher interest rate means more interest paid on the mortgage loan during the term of the mortgage. Payment Frequency: Paying more frequently reduces the amount owed as any extra payments beyond your loan payment amount goes directly to your principal borrowed, reducing the interest paid and amortization period (how long you are set to pay to zero). Amortization Period: Longer amortization leads to lower payments but increases total interest paid over the mortgage's lifetime.

Knowing these factors empowers you to make informed decisions about your mortgage.

Contact us today for more valuable tips and mortgage advice!

Whether buying a home, renewing your mortgage, or refinancing, informed mortgage decisions are crucial for long-term affordability and financial stability. Here are some helpful tips:

1 - Borrow less than you’re allowed. Keep housing costs below 32% of your gross income and your total debts under 40% to avoid financial strain should your circumstances change.

2 - Plan for higher interest rates. If you have a variable interest rate your monthly payments could be affected along the term of your mortgage; ensure you are looking ahead and prepared for a higher interest rate/payment come renewal

3 - To pay off your mortgage faster, increase regular payments, make lump sum contributions, and/or opt for accelerated payment schedules.

If you encounter financial difficulties, contact your licensed mortgage agent (broker) and lender immediately for assistance.

Connect with us today - we’ll help you plan for the future!

A FHSA (First Home Savings Account) offers tax breaks in the form of tax-deductible contributions and tax-free withdrawals, as long as these funds are used to purchase a home. If you're a first-time homebuyer, an FHSA could give you a head start on acquiring that home.

Here's what you need to know:

Eligibility: Canadian residents aged 18 or older who are first-time homebuyers. You will be considered to be a first-time home buyer if you did not, at any time in the current calendar year before the withdrawal (except the 30 days immediately before the withdrawal) or at any time in the preceding four calendar years, live in a qualifying home (or what would be a qualifying home if located in Canada) as your principal place of residence that either you owned or jointly-owned, or your current spouse or common-law partner (at the time of the withdrawal) owned or jointly-owned.*

Tax-Free Savings: The FHSA allows you to save up to $40,000 on a tax-free basis when used towards the purchase of your first home.

Investment Options: Similar to TFSA or RRSP, the FHSA can hold various investments including cash, mutual funds, securities, bonds, and GICs.

Don’t miss out on this opportunity to make your dream home a reality. Open an FHSA today and take the first step towards your future!

Hi there! We’d like to introduce you to Indi (formerly Axiom Mortgage Solutions)! Why the change?

It was time to launch a new brand identity - one more in line with who we are, what we value, and where we’re headed. This new and differentiated brand identity comes complete with new a new name, logo, symbol, and font(s). It is professional, modern, and fun! And is a better representation of our value proposition: “To provide independent unbiased mortgage advice/financing options to Canadian consumers through our team of trusted, expert, and licensed mortgage professionals. Experts who value the distinctive needs/goals of each client - resulting in tailored financing solutions best suited to meet those needs.”

We will continue to provide the same great service and mortgage options you have come to expect under our new and exciting name!

Change is in the air! We're about to shake things up in a big way. Stay tuned for a sneak peek at what's to come.

The Bank of Canada held interest rates where they are which was widely expected. The big change came in their rhetoric.

“With overall demand in the economy no longer running ahead of supply, Governing Council’s discussion of monetary policy is shifting from whether our policy rate is restrictive enough to restore price stability, to how long it needs to stay at the current level”

This means we are finally at the end of the rate hikes and are no looking at how long we have to wait before they can cut rates.
Currently there is about a 70% chance of a cut in April with markets 100% expecting a cut in June. Future data could change those expectations.

🏡 Your Home: Your Most Significant Investment 🌟

Understanding your mortgage agreement is paramount. It holds the key to:

📋 Payment Structure
📈 Interest Rate Details
🔄 Rate Fluctuations
🔁 Flexibility During Your Term

I am here for you, every step of the way. Get in touch to discover more. 🏠💼🌐 🌟💡

🌟 Don't Fit the Mold? We've Got You Covered! 💼

Factors like employment, credit scores, and income can influence loan approvals. But we're here to help you break free from the mold!

🛠️ Diverse Lending Options
💪 Tailored Solutions
📞 Contact Us to Explore Possibilities

Your unique financial journey matters to me! 🏠💰🌐 🌟💡

🔍 Before You Borrow, Ask Yourself:

1️⃣Payoff Timeline: How long will it take to repay this loan?
2️⃣Stable Income: Can your income handle this new debt?
3️⃣Missed Payment Consequences: What happens if you miss a payment?
4️⃣Budget Alignment: Does this payment fit your budget and future plans?

For insights on mortgage details and terms, reach out to us. We're here to help! 💼💰🏠

🌟💡

🏡 The Power of "Good Debt" in Personal Finance 💰

1️⃣Long-Term Investment: Homeownership appreciates, boosting your net worth.
2️⃣Equity Buildup: Monthly mortgage payments = forced savings.
3️⃣Tax Benefits: Deductions for mortgage interest and property taxes.
4️⃣Stability: Home = stability and community roots.
5️⃣Hedge Against Inflation: Real estate values rise with living costs.
6️⃣Rental Income: Investment opportunities for extra income.
7️⃣Sense of Pride: Accomplishment and ownership pride.
8️⃣Control Over Space: Customize and improve your home.
9️⃣Generational Wealth: A legacy to pass down.
🔟Financial Security: Long-term peace of mind.
"Good debt" = Your path to financial future. Contact us to make homeownership dreams come true! 🏠🔑💼 🌟💎

🛡️ Building Financial Resilience: Start with Savings 🌟

Dedicated Emergency Fund: Create a safety net for the unexpected.
Automate Deposits: Steadily grow your financial cushion.

🚫 Disclaimer: We're mortgage specialists, not financial planners. Seek professional guidance for comprehensive financial planning. Let's team up to strengthen your financial journey! 💼💰🌐

🏠💡

🌺 On 11.11.11, we stand in solemn tribute to the unwavering courage and sacrifice of our heroes. They've defended our rights and our nation, securing our peace and opportunities. Their valor, past and present, lives on in our hearts. With deep gratitude, we honor those who serve. 🙏🇨🇦 🌹

🚀 Begin Your Journey to Debt Freedom 📊

1️⃣Catalog Your Debts: List amounts and interest rates.
2️⃣Prioritize High-Interest: Target them first.
3️⃣Budgeting Mastery: Create expense lists to uncover savings for debt and your financial goals.

Lay it all out on paper for a clear path to success. 💪💰

🚫 Disclaimer: We're mortgage experts, not financial planners. For a comprehensive financial plan, consider professional guidance. We're here to assist, whether solo or building a financial team! 💼💼💼

📈 Pro Tips for Navigating Interest Rate Changes 📊

1️⃣ Trim expenses to redirect savings for debt paydown.
2️⃣ Tackle high-interest debt first for long-term savings.
3️⃣ Consider consolidating high-interest debts.
4️⃣ Borrow within your budget to avoid financial strain.
5️⃣ Weigh short-term needs against long-term aspirations.

Master interest rate changes and secure your financial future with informed decisions. Questions? Connect with me! 519.870.3503 💡💰📚