Marc & Joanna Mahoney - Pineapple - Shoreline Mortgages

There is lots happening with mortgage interest rates right now. The variable rate is coming down, fixed rates are dropping as well. But still, many are facing much higher rates for their renewal option than they have had for the previous 5 years. Is it best to choose the variable that is still sitting higher than the fixed rates but expected to continue to drop, or lock in with a lower fixed rate? That can be a tough question with different answers depending on your circumstance and situation and the financial goals of your family. The long and the short of it? If you need advice, ask an expert. At Shoreline Mortgages, we have decades of experience and have accumulated the expertise to help guide your most important financial decisions. Reach out to us at www.shorelinemortgages.com

Rates are dropping. But the cost of living is still up. Houses are hitting the market. But prices are going up. Are you still questioning whether or not home ownership is in your future? We can help. Our job is to help assess your financial ability to purchase and maintain a home. If you're ready now, we'll be sure to get you the best mortgage options available. If you're not ready yet, we'll help strategize a plan to get you in the right position. Either way, we are on your side and ready to work toward helping you achieve your goals.
Reach out to us at www.shorelinemortgages.com

I wonder if the cows giggle.

Recognizing that Canadian home prices are rising significantly and the monthly financial burden on Canadians is also increasing with higher interest rates than we have seen in previous years, the Liberal government has moved to increase the maximum amortization of Insured mortgages from 25 years to 30 years. A longer amortization means lower payments, easing the financial strain on homeowners. The government has also recognized that the $1 Million cap on insured mortgages wasn't sustainable, particularly for Canadians in urban areas with higher home prices and financial challenges that make conventional purchases nearly impossible. These changes will go into effect on December 15, 2024.
For more on how these changes affect you or how you can take advantage of this positive move, contact us at www.shorelinemortgages.com

In this current time when many are facing increased rates at renewal, the thought of selling your home and moving can feel like it might not even be worth it. But, what many don't realize, is that a mortgage can often be ported from one property to another allowing homeowners to maintain existing terms, including rate and amortization. If you are on the fence about selling your home right now for fear of losing the awesome rate you locked in a few years ago, reach out to us to discuss your porting options. Find us at www.shorelinemortgages.com

With the recent Bank of Canada rate drop announcement, the projections for further drops, the slowly declining fixed rate, the existing pressure of inflation and financial demands on Canadian households, it can be overwhelming to even consider your mortgage renewal options. At Shoreline Mortgages, we make it our business to know all about the products and rate options on offer, but we also follow market trends and predictions carefully so that we can help advice you when you need to make important financial decisions. Knowing what to choose now is important, but knowing how what you choose will affect you down the road is equally important. We are experts in our field so you don't have to be. Instead, you can focus on what matters most! To discuss your renewal needs and options, reach out to us at www.shorelinemortgages.com

Buying a home is a big deal. And there is a lot that goes into it... from the preapproval to the house hunt, the down payment to the closing costs. It can feel daunting to face it for the first time. But having an awesome mortgage broker to walk you through the process is the key to success. At Shoreline Mortgages, our thorough process, open lines of communication, and dedication to seeing you happily moved in are what drive us to ensure excellent service is delivered every single time. If you're thinking about purchasing your first home, talk to an expert in first time home buying, a Shoreline Mortgages agent. We're here to make home buying fun!
Apply now or reach out at www.shorelinemortgages.com

That counts as funny, no?

Rate. That's the thing most people focus on when applying for a mortgage. But what many don't realize is that there is more to cost savings than rate alone. At Shoreline Mortgages, we aim to secure the best rate, for sure. But we also pay close attention to other factors that could save you money in both the short term and the long run. In dealing with over 30 lenders across the country, we have the options and the expertise to ensure that you get the mortgage that best fits your life and circumstance and saves you money in the process. Another great reason to choose a Shoreline Mortgages broker.
Apply now at www.shorelinemortgages.com

A little facelift can add so much to your home! Whether you plan to spend the rest of your days there and want to add warmth and comfort and the feeling of fresh and new to your space, or whether you plan to sell soon and want to add value ($$) and demand, renovations worked into the cost of your mortgage is the way to go. To find out about refinancing to utilize the equity in your property, reach out to us at www.shorelinemortgages.com

First and foremost: Get. Your. Preapproval!
Getting a preapproval allows for a number of important factors. One, it gives you a realistic expectation of your budget. Two, it allows you time to address any credit challenges that need to be resolved before you're able to actually purchase. Three, it helps your realtor find your wants and needs within your budget. Four, it helps you ensure you know exactly what you'll need for downpayment and closing costs so you can set a realistic timeframe for building your savings. And five, it puts you in a great light with vendors, showing them that you are prepared and ready to move forward and likely to follow through to closing, making them more likely to accept your offer over others.
Next, meet with your realtor to discuss your wants and needs and begin your house hunt.
From there, make an offer and bring your accepted offer to your mortgage broker so that we can get moving on your approval. Provide any additional and final documents that are required by your lender to fully approve your mortgage application.
After this, the lawyers, mortgage broker, and realtor will handle pretty much everything until you receive your keys on closing day!
Ready to get your preapproval rolling? Apply Now at www.shorelinemortgages.com

Pineapple Atlantic is making its mark in Atlantic Canada with agents across Nova Scotia, New Brunswick, and Newfoundland. We provide support and resources so new agents can scale the learning curve with ease, a communicative and positive learning and working environment, and an established and reputable corporate brand on which to build your personal brand. For more on how you can unlock your career potential, reach out to us at www.shorelinemortgages.com or forward your resume to [email protected] Join our team!!!

Ayyyyyye, mateyyyyy!

Going above and beyond is what we do. And so is getting the best possible option available for you and your unique circumstance. Thank you for recommending us, Ahmed. It means the world!

Slowly but surely, education around building and maintaining credit is making its way into public school systems. But for many, the learning opportunity just wasn't there and a shroud of mystery surrounds credit. Here is the quick and dirty: the only way to build credit is to get some. And the only way to maintain a great score is to use it and pay it. Here are a few rules of thumb to get you headed in the right direction:
1. Having 2 trades is a great place to start: 2 credit cards or a credit card and a loan; limit on credit cards should be a minimum of $1500 but you may need to start lower and build up.
2. Use your revolving credit (credit cards) regularly but not beyond your means to pay off regularly.
3. If you must carry a balance on your credit card from one month to the next, try to keep the balance below 50% of the credit limit.
4. Never miss a minimum payment, even if it's only $15
5. Keep the same cards as long as possible. Closing cards and opening new ones doesn't allow for building a long history. And history is what you're going for!
If you have more questions about credit, how to build it, or how to repair it, reach out to us at www.shorelinemortgages.com

Neighbours, family, co-workers, even strangers on the internet... they all know a little bit of something about mortgages. And their intentions may be great. But the reality is, they probably don't know quite as much as they think they do. When you're sick or injured, you go to the professional, the expert. The same is true with your mortgage needs. When you need mortgage advice, as a mortgage expert. At Shoreline Mortgages, we happen to have quite a few of them! Check out our team of experts at www.shorelinemortgages.com

At Shoreline Mortgages, we believe in working hard and playing hard. We hope you do, too. And we wish you a fun and safe long weekend. Enjoy the last unofficial weekend of summer!

M-F, 9-5? No problem. Home caring for children or a family member? No problem. Work out of province and only home for short stints? No problem.
Our online mortgage application process is user friendly and available 24/7. You can add your information and save and come back later if pressed for time. You can even leave sections blank if the information isn't at your fingertips. The point is that the application is designed to be easy and straightforward. Wondering how to get started with your preapproval application? Apply Now at www.shorelinemortgages.com

Talk around town is we will see another rate drop on Wednesday... what do you think? Yay? or Nay?

Yum! Yum!

Summer is often a great time to get away and see and explore new places. Or old, familiar ones! Did you travel this summer? Where did you go? So thankful for the opportunity to get away once in a while and have exciting new experiences.