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Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help .

New mortgage rules courtesy Jerry Schindelheim the Kayaking Mortgage Agent Ottawa

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Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help

Sponsored Heating up the Capital Hot Sauce last week . Had the privilege to also hand over the trophy to the winner of the Mild Sauce category. Had a blast at that event trying out tons of different hot sauces .

Waiting for the official photos for the event .

Looking for mortgage help ? Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa

Mortgage rule changes starting Dec 15

Purchasing Power just increased for 1st time home buyers .

First Time Home buyers who didn’t qualify to purchase a starter home previously may now have the ability to purchase .

Normally if you put less than 20 percent downpayment you can only stretch your payments over 25 years, now (Dec 15) it can be stretched to 30 years . It may help a portion of 1st time home buyers get into market.

Previously if you planned to purchase a home over $999,999 you had no choice to put less than 20 percent downpayment.

As of December 15 the purchase amount has been raised to $1.5 million ( Minimum 20 % downpayment)

Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa to go over the new rule changes.

What does this have to do with my mortgage business ?

Please guess !!!

Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help .

Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help .

Today’s client Testimonial
Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help . Purchase and Renewals

Case Studies

Second Mortgage – Refinance & Debt Consolidation

Brief Description: A self-employed borrower was looking to consolidate a maturing second mortgage and other debts. Her Beacon score had fallen to 568, primarily due to high credit utilization, which would be addressed through this refinance. The borrower had a verified income of $127,381, earned from her business-for-self work as a # # and two other part-time jobs.

Location: ON

Property Description: Bungaloft-style detached condo with a two-car garage situated on a vacant lot in a newly developed neighborhood (2,254 sq ft)

Value: $810,000

Mortgage: $130,000

LTV: 79.17% (including existing first mortgage)

Rate: # # #

Solution: Lender provided a new second mortgage, which cleared the maturing second mortgage and paid off the large balance on the borrower's credit cards. This solution is expected to help improve the borrower's credit score, positioning her to refinance both the first and second mortgages into a new first mortgage at renewal.

Client Exit Strategy: The borrower intends to refinance into a new first mortgage by maturity, once her Beacon score improves.

Anyone looking for mortgage help contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa

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Inflation rate is dropping. Do you expect another rate drop in September?

Information courtesy Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa

Mortgage Agent Success Stories

Case Study Overview
Meet Jacob Williams and Marc Williams, two dedicated entrepreneurs who recently purchased their dream condo in # # #

Case Study: Key Details
Key Details
- Type: Purchase
- Property Type: Condo
- Loan Amount: $400,000
- LTV: 60%
- Term: 1 year
- Amortization: 40 years
- Qualifying: BFS Bank Statements
Challenges:

Jacob and Marc faced significant challenges in supporting their income through traditional means:

Client 1: Jacob is BFS incorporated, and we supported his income using 12 months of bank statements.

Client 2: Marc is a BFS sole proprietor on contract, and we confirmed his contract extension matched the mortgage term. We also used 12 months of bank statements to support his income.

The Outcome Speaks For Itself
Loan Approval: $400,000 with a 1-year term and a 40-year amortization.

Flexible Income Verification: Using bank statements for both clients allowed us to understand and validate their unique financial situations.

Jacob and Marc's story is a testament to our dedication to providing customized solutions that address unique client needs. If you have clients with similar situations or would like to learn more about how Aspire can support your clients, please don't hesitate to reach out.

If you have any clients facing similar challenges or if there's anything specific you'd like to discuss, please don't hesitate to reach out. Let's continue to empower homeowners and make dreams a reality, one mortgage at a time!

*Names used in this case study have been changed for privacy.

Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa

Bank of Canada Cuts rate for the first time in four years .

Resonable yo expect further cuts if inflation eases

Contact the Jerry Schindelheim the Kayaking Mortgage Agent Ottawa for mortgage help as well as to understand what this rate cut will do for you .

How will this affect the potential drop in variable rates in June ?

1. Help
2. Hurt
3. Absolutely nothing

Information courtesy Kayaking Mortgage Agent Ottawa

What’s your opinion? Will variable rates drop faster or slower because of this news ?

Information courtesy Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa

Another amazing Testimonial received from a happy client !! Original post on Google

Contact Jerry Schindelheim the Kayaking Mortgage Agent Ottawa and Whyrentinottawa for mortgage help !!