Raja Paul

Any ones else feels like this sometimes

**Are You Ready for a Potential Rate Cut? Let’s Talk Savings!**

As the Bank of Canada's decision on interest rates approaches on July 24, economists are divided:

- **TD Bank** and **BMO** suggest waiting a bit longer before making any cuts.
- **RBC** and **CIBC** are pushing for a cut now, predicting a decrease by 25 basis points this month.

This split opinion highlights uncertainty but also shows that changes could be on the horizon, which might affect your mortgage and overall finances.

👀 **Why Should You Care?**
If the Bank of Canada opts for a significant rate cut, like 0.5%, it could mean lower monthly payments for you:
- A 0.5% rate cut on a $100,000 mortgage could save you about $28 each month over 30 years.

- On a $500,000 mortgage, that’s around $140 less per month!

**Here’s My Offer:**

Not sure how these changes could affect you? Email me your mortgage statement at **[email protected]** for a **FREE assessment**. I’ll help you understand what these potential rate changes could mean for your budget and how you can save money.

🤔 **Share Your Thoughts:**

Do you think a rate cut is what we need right now? Could it make a difference for your household budget?

**Email now and let’s make sure you’re getting the best out of your mortgage!**

Feels so wrong to throw these away. Any takers.

This is interesting

I want to be wrong this year about leafs..please break this jinx. Go leafs go

With John Ribeiro – I just got recognized as one of their top fans! 🎉

Tip no 3 is more relevant this year.)

Wonderful Wednesday Wacky Tip from Your Friendly Neighborhood Mortgage Agent! 🎈

Happy Wednesday, everyone! Today, let's unravel "mortgage tips" that can save you time, stress, and money!

🚀 This Week's Wacky Tip: Turn Your Mortgage Payments into a Game—And Win! 🚀

Sounds fun? Here’s the scoop:

1. The Early Bird Catches the Worm: Ever heard of bi-weekly payments? By simply splitting your monthly mortgage payment in half and paying it every two weeks, you’re actually making one extra payment a year. This little trick can shave years off your mortgage and save you a bundle in interest. How's that for a power move?

2. Round Up to Save Down: Rounding up your payment to the nearest hundred (or more if you can swing it) is like putting your savings on autopilot. Over time, these extra dollars will help you pay down your principal faster than you’d think.

3. Play the Refinance Game (When It Makes Sense): Keep an eye on interest rates; if they drop significantly, refinancing could be your golden ticket. It’s like leveling up in a game where the prize is lower monthly payments or even cashing out on your home's equity.

As your dedicated mortgage agent, I'm here to guide you through every step and trick in the book. Let’s make your mortgage work for you, not against you!

Stay tuned for more tips and feel free to reach out if you have questions or need personalized advice. Here's to making your mortgage journey a winning game! 🌟

🌟 Morning Reflections 🌟

This morning, I stumbled upon a powerful line from Gurbani that truly resonated with me: "We are not perfect, NO one is completely bad."

It's a simple yet profound reminder of how quick we are to judge others, and honestly, I admit I've been guilty of this too. It's easy to overlook the complexities of human nature and label someone based on a single aspect of their behavior. But this quote is a beautiful reminder that perfection is a myth and that everyone has their own struggles and virtues.

This week, I'm setting myself a little homework: to be more understanding and less judgmental. Let's try to see the good in others and remember that we're all beautifully imperfect.

Who's with me on this journey of self-improvement and kindness? Let's make this week about understanding, not judging! 🌱💖

🌟🏡 Understanding Mortgage Rates: A Reflection and Advice for Home Buyers! 🏠🌟

Hey everyone! 👋🌍 As we navigate the ever-changing landscape of mortgage rates, it's crucial to stay informed and make wise decisions. Let's take a moment to reflect on the recent news trends from the last week of December through last Friday. 🗞️📆

📉 The Rollercoaster of Rates: You might have noticed the fluctuating headlines - from "Rates are dropping" 📉 to "Maybe they won't drop after all" 🤔. Such changes can significantly impact your borrowing costs. 💰

📚 Big Lesson from Last Year: 📅 One key takeaway is clear - when buying a property, don't just focus on the mortgage product or rate. What really matters? Your monthly payment 💸. This is what truly affects your cash flow 💵.

💡 Words of Wisdom: In these times, patience is a virtue 🧘‍♂️🕊️. Don't rush into decisions, and remember, timing the market is a tricky business 🕒. It's all about finding the right balance for your financial health and peace of mind 🧠💖.

Stay tuned for more insights, and feel free to reach out if you have any questions or need guidance! 🙋‍♂️🙋‍♀️

🏘️💡

Don't rush to to lock in to fix rate mortgages Yet ....

Lots of inquiries in the last 10 days about locking into a fix from variable mortgages.

Yes, rates are coming down but are they at the lowest level yet??
my suggestion is to wait it out till mid Feb to see the market reaction.

email me at [email protected] for details.

Fb fam: reaching out to see if anyone knows a kalari instructor in Toronto??
The ones that wonder what is kalari.kalari is india martial art.

Please share contact info..

Have you received an email/mail from your current bank advising you to make changes to your mortgage as trigger rate will be reached. IF you don't know the right thing to do please email me the current mtg statement ( online) , subject :trigger and i will revert back in 24 hour.

BTW i got 21 calls on the same in last 2 hours.
Here to help to guide through interesting times . please share with your friends .

Welcome summer....

Happy eid to all that celebrate today...may there be peace and prosperity for all.

Rates Are on hold .. what does this mean for average consumer?

if your mortgage is due in next 24 to 48 moths , this is a good time to have a chat to start proactive planning .

if cash flow is an issue , it is a great time to combine all with your mortgage to mange it better.

Here to help.

Just getting started ↗

October is well underway. It's an excellent time for a Mortgage Check-up! You could be paying more in interest than you need to be.

Contact me today for a full review - there could be some value in restructuring your current lending options. It's time to find your Vine Solution.

May the millions of lamps of Diwali illuminate your life with happiness, joy, peace and health. Wish you and your family a very prosperous Diwali.💫✨

Lunch and Learn at Century21 Leading Edge Realty Inc., Brokerage on Reverse Mortgages , Partnered with Home Equity Bank.

Contact me for more information and to know if a Reverse Mortgage right for you.


4h

A friendly reminder : Things you can do today may not be an option later ...

How do lending providers determine your affordability?

Lenders use GDS and TDS ratios. As a borrower, you want these rates to be as low as possible.

GDS stands for Gross Debt Service. It is the percentage of your income needed to pay your monthly housing costs (principal, interest, property taxes, and heat) on the new property. To calculate GDS: Monthly housing-related costs divided by your gross monthly income. The industry standard for GDS is 35%.

TDS stands for Total Debt Service, and it is the percentage of your income required to cover ALL your debts. To calculate TDS: Monthly housing-related costs plus any other debts (car payments, credit cards, spousal/child support, and any other loan payments) divided by your gross monthly income. The industry standard for TDS is 42%.

*These are general guidelines; exceptions do apply.

A little dirt never hurt 💪🏋️‍♂️

Raja Paul updated their business hours.

Don't count the minutes, make the minutes count.

Raja Paul updated their phone number.

RATE CHAT: Sharing this article to let you all know that rate increases have happened prior as well . same monetary policies helped our economy in 2002. On the dot 20 year ago .. similar pattern.
the next 6 to 8 months can cause strain on your monthly budget and plans. message me for a 10 min quick budget check .
https://www.nytimes.com/2002/04/16/business/canada-is-expected-to-increase-rates.html

https://www.nytimes.com/2002/04/16/business/canada-is-expected-to-increase-rates.html

YEs Rates are Going up and it is not the first time. IN my last 16 years of being in industry this happens every 7 year , call it 7 year itch . all the increase in rates can cause uncertainty and anxiety . feel free to email me with your availability and we can have a call.

My team is here to help you guide through this financial change.