Irina Marshall - Your Ottawa Mortgage Expert

Every new homeowner to be has a different idea of achieving their dream...

One being, starting it from scratch! And here's where I come into the picture.

https://accessible-mortgages.com/construction-and-build-mortgages/

In a tight economy, homeowners are making difficult decisions.

Wave of mortgage renewals drives owners to list homes, analysts say | Irina Marshall | Accessible Mortgages With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in more than a decade and signaling a big drop in prices in the coming months. In Toronto, a city where two-thirds of the count...

In the link below, all the pros & cons regarding mortgage refinancing.

I look forward to helping you out!

https://accessible-mortgages.com/refinance-your-property/

With summer still in full swing, enjoy this civic holiday!

Big news alert!

New mortgage rules kick in today. What is changing? As of Aug. 1, first-time buyers purchasing newly-built homes will now have 30 years to pay off a mortgage instead of 25. The change was announced in April's federal budget as a measure to help tackle the housing crisis.

“Home buying is not just about investing in property, but investing in dreams.”

- Christina Fitzer

Ain't no space like office space! HQ is still quite useful and important for businesses, and I'm privileged to be able to help owners acquire the funds needed to expand or open a central working point for their employees.

https://accessible-mortgages.com/commercial-mortgages/

It may look overwhelming at first, but extremely rewarding when everything is in check!

The Mortgage: What Documents Do You Need To Apply For One? | Irina Marshall | Accessible Mortgages Found a home you love? Ready to start the mortgage process? Awesome! What’s next? Paperwork! One of the first things lenders will ask of you is a list of documents – so having this organized beforehand is essential. These documents are intended to provide information about your financial stabili...

It may sound like a complex, unnecessary affair, but it has quite a few advantages!

Check them out here:

https://accessible-mortgages.com/second-mortgages/

“Ah, summer, what power you have to make us suffer and like it.”

– Russell Baker

Once a month, regardless the season, I find it important to share the rates section of my website.

https://accessible-mortgages.com/rates/

A step in the right direction...

Income required to buy a home in Ottawa drops $850 A new report from Ratehub.ca, an online mortgage brokerage service, shows the average income required to buy a new home in Ottawa was $131,210 in June, down from $132,060 in May.

As you begin to think about your plans for part II of 2024, is purchasing a new home a realistic idea? If so, check out the page here!

https://accessible-mortgages.com/buying-a-new-home/

A difficult economy means bills start to go unpaid, burdening families and the market as a whole...

According To Equifax: Canadian Mortgage Delinquencies Rise 24%, Ontario Hits $1 Billion | Irina Marshall | Accessible Mortgages Canadian households are finally starting to realize why so many agencies warned against borrowing so much debt. A new report from Equifax Canada shows more households are struggling to repay their super-sized debt loads. The agency notes the trend is amplified in more expensive regions, where delinq...

“A home that is filled with only the things you love and use will be a home that you love to use.”

– Joshua Becker

If you are new to my page, and interested in buying a new home down the line, feel free to contact me about how to begin the journey!

https://accessible-mortgages.com/pre-approvals/

An update on the market situation...

Construction on homes lag but sales increasing: Reports The city released an update on the quarterly and annual indicators to the health of the housing market in Ottawa.

And now begins the 2nd half of the year, which for many can mean reflections and decision making on important things. Are renewals one of them?

https://accessible-mortgages.com/renew-your-mortgage/

Happy Canada Day everyone!

It's a special long summer weekend, and I hope you make the best of it with those around you :)

A video report discussing mortgage renewals vs the economy...

Canadian mortgage renewals will weigh on economic growth: Deloitte | Watch News Videos Online Watch Canadian mortgage renewals will weigh on economic growth: Deloitte Video Online, on GlobalNews.ca

In the ongoing "battle" between remote and in-office work, still exists the availability of commercial mortgages...

Find out more here!

https://accessible-mortgages.com/commercial-mortgages/

“Imagine a safe city with all the affordable housing we need, a city that uses its resources to help lift the marginalized up and into stability.”

- Ted Wheeler

Bringing back another important part of the mortgage world to life this week, in long detail...

What Is Amortization? | Irina Marshall | Accessible Mortgages Your amortization period is the length of time it takes to pay off your entire mortgage. The maximum amount of time you are given depends on how much of a down payment you make when you purchase your home. You already know that the minimum down payment you can make is 5% of the purchase price; howev...

Dreaming of a big homey future? There's no need to buy an already existing house!

Ask me for more info on building your dream from the ground up (literally).

https://accessible-mortgages.com/construction-and-build-mortgages/

“An investment in housing is an investment in family stability, children's success, and the economic health of our entire state.”

- Ned Lamont

Middle of June already... 2024 is flying by!

But that also means, interest rates update...

https://accessible-mortgages.com/rates/

The media called upon home-owning millennials to ask them about finances, and here's what they got...

Younger homeowners more likely to be financially stressed: survey Roughly six in 10 Canadians with a mortgage are financially stressed, with younger homeowners more likely to be under pressure. In a new Leger survey, 68 per cent of respondents between 18 and 34 years of age with a mortgage say they are very or somewhat financially stressed about their mortgages, c...

"There are no limitations on early payments and you do not get penalized for paying off your debt early. With a conventional mortgage, there are limitations on the amount you can pay per year. If you exceed this limit, you must pay a penalty."

https://accessible-mortgages.com/heloc-line-of-credit-financing/

Another 'complex' Friday blog post, but a nevertheless important one regarding the future of mortgages...

According To The OSFI , Mortgage Payment Shock Poses A Big Risk to Canada’s Financial System | Irina Marshall | Accessible Mortgages Canada’s banking regulator says high borrowing costs and a wave of expected renewals in the coming 18 months pose key risks to Canada’s financial system. With 76% of outstanding mortgages expected to come up for renewal by the end of 2026, OSFI says homeowners face the risk of payment shock, par...

“Home sweet home. This is the place to find happiness. If one doesn’t find it here, one doesn’t find it anywhere.”

– M. K. Soni