Aristo The Mortgage Man

Kickstart your week with ! Today, we're demystifying the term "Portability". Stay tuned to become a mortgage pro! 💡💼

🙋‍♂️𝑨𝒓𝒊𝒔𝒕𝒐 𝑨𝒓𝒊𝒚𝒂𝒓𝒂𝒕𝒏𝒂𝒎, 𝑷𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 𝑩𝒓𝒐𝒌𝒆𝒓 𝒐𝒇 𝑴𝒂𝒈𝒆𝒍𝒍𝒂𝒏 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑵𝒆𝒕𝒘𝒐𝒓𝒌 𝑰𝒏𝒄.
📞𝟒𝟏𝟔-𝟖𝟖𝟏-𝟓𝟗𝟐𝟕
📧𝒂𝒓𝒊𝒔𝒕𝒐.𝒂@𝒎𝒄𝒏𝒆𝒕𝒘𝒐𝒓𝒌.𝒄𝒂

CMHC Insurance: Mortgage insurance provided by the Canada Mortgage and Housing Corporation, required if the down payment is less than 20% of the home's purchase price.

Thunder Bay, Ontario leads Canadian cities in mortgage-free homeownership, with 47% of residents fully owning their homes, according to a Casivoo analysis of 2021 Statistics Canada data. Peterborough follows with 45.2%, and St. Catharines-Niagara ranks third with 43.5%. Victoria and Windsor round out the top five, each with over 42% mortgage-free households. Ontario dominates the top 10, suggesting these areas may attract older homeowners more likely to have paid off their mortgages.

Ottawa will allow first-time homebuyers to take out 30-year mortgages for newly built homes, relaxing rules as the federal government faces political pressure to ease the country’s housing crunch.

The longer amortization period, or amount of time allowed to pay down a mortgage, has been advocated by the real estate industry as a way to make mortgage payments more affordable as home prices have soared.

In the current high-rate environment, many homeowners are desperately looking for cheaper rates when they renew their mortgage.

Maximize your mortgage potential: It's time to renegotiate, not just renew.

Happy Easter Monday! Let's talk about how we can make your homeownership dreams a reality

Canada’s stronger-than-expected GDP growth in January could pose a challenge for the Bank of Canada, potentially complicating the timing for its anticipated interest rate cuts.

Economic growth rose 0.6% in January, and early estimates point to another 0.4% monthly rise in February, according to figures released by Statistics Canada.

The growth was largely influenced by a rebound in educational services (+6.0%), due to the resolution of public-sector strikes in Quebec, while goods-producing sectors were also up 0.2% on the month.

Snowflakes dance outside, but inside, your financial goals shine bright. Embrace the chill and stay focused on your mortgage journey this Motivational Friday, Happy Mortgage Motivation Friday!

1. Understand your finances: Know your budget, including savings, income, and expenses, to determine what you can afford.

2. Get pre-approved: Secure a mortgage pre-approval to understand your borrowing capacity and increase your credibility as a buyer.

3. Define your needs: Make a list of essential features and location preferences to streamline your house-hunting process.

4. Find a reliable agent: Work with a trusted real estate agent who can guide you through the complexities of home buying.

5. Be patient and flexible: Stay open-minded and prepared to compromise while keeping your long-term goals in mind.

The Canadian Real Estate Association says February home sales jumped 19.7% compared with a year ago in what could mark the “last relatively uneventful month of the year. What are your thoughts on this?

Shades of green aren't just for your garden anymore. 🌿 Let's cultivate a mortgage plan that's as environmentally conscious as you are!

🌱🏡

Ride the rollercoaster of mortgage rates with me – where every twist and turn leads to your financial success! 🎢💼 Let's chase those thrilling deals together! 📈💰

Applying for financing? Here's a crucial tip: Don't max out your credit cards! Keeping your credit utilization low shows responsible financial management and improves your chances of approval. 💳✅

Celebrate this extra day by leaping into homeownership with expert mortgage advice! 🥂🏡

Don't limit your sights to just one neighborhood. Explore the opportunities in emerging areas – you might just find your dream home and a smart investment all in one.

🙋‍♂️𝑨𝒓𝒊𝒔𝒕𝒐 𝑨𝒓𝒊𝒚𝒂𝒓𝒂𝒕𝒏𝒂𝒎, 𝑷𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 𝑩𝒓𝒐𝒌𝒆𝒓 𝒐𝒇 𝑴𝒂𝒈𝒆𝒍𝒍𝒂𝒏 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑵𝒆𝒕𝒘𝒐𝒓𝒌 𝑰𝒏𝒄.
📞𝟒𝟏𝟔-𝟖𝟖𝟏-𝟓𝟗𝟐𝟕
📧𝒂𝒓𝒊𝒔𝒕𝒐.𝒂@𝒎𝒄𝒏𝒆𝒕𝒘𝒐𝒓𝒌.𝒄𝒂

Unlocking the ABCs of loans: Interest rate, Loan term, and loan type. Let's navigate your loan journey together.

Join me for a coffee rendezvous to discuss your pre-approval options. Let's connect over a cup and pave the way to your dream home. "

The Bank of Canada’s Governing Council believes it’s too early to say when they can start easing interest rates, according to a summary of deliberations from its January 24 meeting.

While they haven’t ruled out further rate increases in the event of inflationary surprises, the six-member council also believes that future rate decisions will focus on how long to maintain the policy rate at its current level of 5.00% in order to keep inflation trending down.

To know more about switching from variable to fixed rate, let's chat!!

As the rate remains unchanged, what does this announcement mean for you? Lets' chat!

The next BoC announcement is on March 6, 2024

Contact me at 416-881-5927

Are you ready to buy your first home? Aristo can help you and give you guidance on this whole process 🏠🥳

Also you don't have to pay for an appraisal when you close with us. Call or text us at 416-881-5927

🙋‍♂️𝑨𝒓𝒊𝒔𝒕𝒐 𝑨𝒓𝒊𝒚𝒂𝒓𝒂𝒕𝒏𝒂𝒎, 𝑷𝒓𝒊𝒏𝒄𝒊𝒑𝒂𝒍 𝑩𝒓𝒐𝒌𝒆𝒓 𝒐𝒇 𝑴𝒂𝒈𝒆𝒍𝒍𝒂𝒏 𝑪𝒂𝒑𝒊𝒕𝒂𝒍 𝑵𝒆𝒕𝒘𝒐𝒓𝒌 𝑰𝒏𝒄.
📞𝟒𝟏𝟔-𝟖𝟖𝟏-𝟓𝟗𝟐𝟕
📧𝒂𝒓𝒊𝒔𝒕𝒐.𝒂@𝒎𝒄𝒏𝒆𝒕𝒘𝒐𝒓𝒌.𝒄𝒂

As your mortgage agent, I'm here to prove that banks don't always hold the golden key to the best interest rates. Let's explore your options and secure the rate that suits you!