ArpanBansalMortgages

Here’s the weekly rate update for you 🌟

🏠 Did you know that a second mortgage can be a great option for homeowners looking to access the equity in their home?

💰 A second mortgage allows you to borrow against the value of your home, and can be used for a variety of purposes, such as home renovations, debt consolidation, or to help pay for your child's education.

IF you have a sub 5 rate currently on your first mortgage a second mortgage allows you to keep your great rate you currently have and still borrow more funds for your current needs without having to pay a penalty or loose that solid rate you have luckily locked in.
🔍 As your trusted mortgage professional, I can help you explore your options and find the best solution for your unique needs.
📞 If you're interested in learning more about second mortgages, contact me today.

📞 647-864-6463
📩 [email protected]
🌐 www.arpanbansalmortgages.com

You may have heard the terms A or B lenders when chatting with a mortgage agent. ⚖️

Let's chat about the difference between the two;

"A" lenders, such as major banks, have strict lending criteria and typically lend to those with good credit scores, stable income, and a lower debt-to-income ratio.

A "B" lender is a type of financial institution that provides loans to individuals who do not meet the typical "Bankers Box" guidelines. Offering loans to individuals with lower credit scores, higher debt-to-income ratios, or less stable income.

Let's chat today to see which lender category you would fall into. 🧑‍🏫

📞 647-864-6463
📩 [email protected]
🌐 www.arpanbansalmortgages.com

Here’s the weekly rate update for you 🌟

Client Testimonial !!

✅✅✅Three reasons you should get pre-approved for your next mortgage.

1️⃣It is absolutely free to you as a client. It also does not take very long to complete. Like under 10 minutes.
2️⃣You can use it as a road map tool to your end destination. Think about it as cutting out all the traffic on the road so you can get to your home ownership destination without issues or delays.
3️⃣It will allow you to have a rate held, estimated budget and a general guide for a payment amount. More clarity to give you the confidence you need to make a successful offer to purchase.
🏠Have questions about doing a pre-approval? I would be happy to go over options with you in detail. Link in bio to book a discovery call with me today.

📞 647-864-6463
📩 [email protected]

What is a Credit Bureau Score?

📈Rate Watch: Mar 30, 2023 📈⁣
Here is this weeks rate watch. ⁣
Please note, we are starting to see most lenders decrease fixed rates this week due to the downward swing in bond yields.

When it comes to refinancing, you have a lot of options!

Cash Out Refinancing:
➡️ Access your equity in the form of cash
➡️ Consolidate Debts
➡️ Make large purchases, such as new rental property, education, renovations and much more.

There are other reasons why people refinance, other than taking money out of their homes. 🏠 Such as getting a better interest rate, increasing or decreasing their amortization, better mortgage terms and conditions, etc. 💰

If you want to learn more about your options, let's chat 🤳

📞 647-864-6463
📩 [email protected]

Who is a Guarantor?

When it comes to buying a home, there are several important factors that can affect your interest rate. 📈📉

From your credit score to the size of your down payment, it’s important to understand how each factor plays a role in determining YOUR rate. 🫵

I have access to multiple lenders and rates and can find the best fit for your needs. Let's get started 🔽

📞 647-864-6463
📩 [email protected]

📈Rate Watch: Mar 23, 2023 📈⁣
Here is this weeks rate watch. ⁣
Please note, we are starting to see most lenders decrease fixed rates this week due to the downward swing in bond yields.

Ever wonder what factors affects your credit score? 🤔
The most important factor is your payment history, making up 35% of your score.❗

Lenders want to know that you will pay them back the money you are asking to borrow from them.🏦

Your payment history accounts for ALL payments you make to ALL your debts on file. Each creditor reports when you pay them, whether you are on time, late, past due, etc. 📄

Call me today and we can chat about your credit score and how it may be affecting your mortgage approval rates 👋

📞 647-864-6463
📩 [email protected]

Dealing with debt⁉️
If your experiencing one or more of these signs, it may be time for you to consolidate your debts.
If you want to reduce your debt, contact me today to review your options and immediately start saving money.💰

📞 647-864-6463
📩 [email protected]

Looking to refinance, renew or purchase a new property? Contact me today to get the lowest rate.

📞647-864-6463
📧[email protected]
🌐www.arpanbansalmortgages.com

The answer is... E! none of the above. All answers are common myths thought of by many Canadian home buyers. 🏡

Let's get started on your pre-approval today!
📞 647-864-6463
📩 [email protected]

What is a Deed?

Here’s the weekly rate update for you 🌟

✅ YES - When purchasing a property with an income suite it can increase your buying power!

Your approval amount is based on your income ability to service debt.

When you have a tenant paying you rent, this can increase your overall income, thus increasing your borrowing power! 💸

Have you thought about purchasing a property with an income suite? 🏠

📞 647-864-6463
📩 [email protected]

What is Mortgage Renewal?