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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.

💥💥Did you know that we have lenders who can offer up to 50-year amortization on First and Second mortgages? This extended amortization can help reduce monthly payments and make qualifying even easier for you 💥💥

👉🏼Available for buying/ refinancing residential properties in EASTERN & SOUTHWESTERN ONTARIO ONLY

⚡Mortgage application approval based on property location and type accepted as per lender terms and conditions.⚡ Please call in advance to verify.

Your can:

👉🏼- Qualify at the contract rate (i.e. NO STRESS TEST)
👉🏼- Qualify with No Minimum Credit Score
👉🏼- Quick closes in 72 hrs or less
👉🏼- Qualify with Verifiable Self-Employed Income - up to 80% financing available.
👉🏼- OR Qualify with No Income docs - Upto 75% financing available
👉🏼- Terms 1 & 2year only
👉🏼- Holding companies accepted

☎️Call me at 647-782-9993 to learn more.

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.

Lenders typically let you renew your mortgage without penalty 120 to 180 days before your current term ends. They will often send you an early renewal offer during the period. It is important to know that early renewal offers are usually uncompetitive. Your best option is to reach out and explore your options!

While some buyers are waiting on the sidelines, others are jumping in. What you might not realize is that there are benefits to buying in a slower market, such as;

📌 Less competition, which gives the buyer more edge.
📌 Prices are coming down from the record highs, making homes more affordable.

What goes up must come down, and when rates do come down, those who got into the market today will be able to restructure their mortgage and save on interest in the long run.

If your mortgage is coming up for renewal, you need to start preparing for higher rates. Two tips to help you get ready are:

1. Take advantage of your prepayment privileges and increase your payment amount. You will pay down more principal and be accustomed to paying a higher amount at renewal.

2. Watch your bad debt. Be cautious about any credit card or other high-interest debt.

It is not about panicking; it’s about being prudent. Reach out to determine your best strategies.

Rather than purchasing an existing home, a construction loan allows you to borrow money to have your own home built for you. This allows you to construct your own home from the ground up.

Homebuilding loans differ from ordinary mortgages in terms of loan length and loan availability.

Here are a few quick tips on construction loans 🛠:

📌Construction loans enable you to fund the construction of unique residences.

📌You do not receive the entire mortgage amount straight front. Instead, four payments are made with each building milestone.

📌Construction loan rates are often higher than regular loan rates.

For more information on construction loans, reach out.

With the higher interest rate environment we are currently in, a solution to lowering your monthly mortgage payment could be extending your amortization. Extending your amortization will stretch your mortgage repayment schedule out, which can potentially lower your monthly payment.

Reach out to see if this is a good solution for you.

Holiday Home Staging Tips 🌲✨:

1) Declutter and clean before decorating.
2) Opt for simple, neutral decor.
3) Enhance homey vibes with a lit fireplace and set dining table.
4) Select a well-sized Christmas tree with a cohesive color scheme.
5) Add curb appeal with elegant outdoor greens and a festive doormat. Avoid overly personalized or bulky displays.

How do you like to decorate for the festive season?

They won’t want to leave! 😍🏡

If you’re putting your home on the market this winter, here are five ways to make sure it’s merry, bright, and love at first sight for your potential buyers.

Ready to get your home on the market? Reach out with any questions you have.

And in the meantime, are you a fan of colder weather, or do you prefer warmer temps?

Ajeet Gautam Mortgage Broker offers unique solutions for clients to qualify for various property types. They assist self-employed clients and those struggling to meet traditional bank requirements, providing a shared equity program for down payments. With access to a wide range of lenders, they offer flexibility in choosing the right mortgage. Services include first-time home buyer mortgages, refinancing, debt consolidation, and more. Their goal is to support clients in achieving their financial goals and making the mortgage process stress-free. Contact them to learn more about their mortgage solutions.

Visit us at https://www.ajitgautammortgages.ca/pages/about-mortgage-broker-mississauga
To learn more about Ajeet Gautam Mortgage Broker.

Looking to make your home more energy-efficient and comfortable? The Canada Greener Homes Loan offers interest-free financing for eligible energy-efficient retrofits.

Want to learn more about how you can benefit? Reach out for more details. 🏡🌿

If you have an insured mortgage with CMHC, Sagen, or Canada Guaranty, you are exempt from the Stress Test when switching lenders. As a mortgage borrower, this gives you more choice vs. a ‘take it or leave it’ scenario.

Reach out to explore your options.

Making the Final Decision
Trust Your Instincts:
Choose a mortgage broker with whom you feel comfortable and trust, ensuring a strong partnership based on open communication and understanding.

Review the Agreement:
Carefully read and understand all mortgage agreement terms, such as interest rates and penalties, to have clarity and peace of mind about your obligations.

Continuous Support:
A reliable mortgage broker should offer ongoing assistance even after closing the mortgage, helping you navigate financial changes, refinancing, or inquiries and demonstrating a commitment to your long-term financial well-being.

Visit us at https://www.ajitgautammortgages.ca/pages/home and discover the top tips on choosing the right mortgage broker.

A healthy home is a happy home! 🏡

Here are a few ways to keep your home clean and your family healthy this holiday season:

🧼 Keep plenty of festive holiday soaps and hand wash in the bathrooms for guests. Try the Mrs. Meyers seasonal collection!
🧼 Consider freshening the air with essential oils or diffusing a cozy holiday scent.
🧼 Use a natural cleaner to keep countertops and surfaces free of germs and grime.
🧼 Get fresh air whenever you can! Keep windows open when temps permit or take daily fresh air breaks.

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It can be a bit taboo, but when it comes to real estate, talking about finances is key to having a successful real estate journey.

How much house you can afford ultimately depends on your personal financial situation. Finances are different for every person, so getting pre-approved is key before starting to search for a home.

Reach out today to learn more about the pre-approval process, and let's start your journey toward homeownership together!

Safety first! Ensure your smoke and carbon monoxide detectors are in working order, especially with winter around the corner. 🏡

When the furnace and fireplace are in use, it’s crucial to take these preventive steps.