Mortgages By Cherryl

Join us for an engaging talk that's relevant to millennials and a wider audience. Discover insights that can benefit your financial future, no matter your stage in life.

Great news again! The Bank of Canada (BoC) announced today that it was dropping its key interest rate target by 0.25%. This is the second consecutive 0.25% rate decrease.
Have questions? I'm here to help, give me a call - 416-578-4187.

Don't miss this informative Live session where we discuss helpful tips that will guide you through the process of a successful home purchase.
Contact me with any questions you may have.
Join on Facebook Live - Cardeen Williams, moneymatters.ca.

Knowledge is power, and there is comfort in having options. As trusted advisors, we will give you a little guidance to help you navigate the complexities of retirement.
See you on Tuesday when I join Cardeen Williams from Money Matters for a Live conversation on Facebook.

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Always work with purpose and the highest level of integrity. Your true self will emerge in all that you do.

These words are very important to me in my work as your trusted mortgage professional.

As expected, the Bank of Canada (BoC) announced today – its first rate announcement of the year – that it was holding its key interest rate target at 5%. This is the fourth consecutive rate
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If you have questions, I am just a phone call away, you can reach me at 416-578-4187.

Have questions? I'm here to help. Give me a call 416-578-4187.

Say hello to the CHIP Reverse Mortgage - your key to accessing up to 55%* of your home equity without moving, selling, or worrying about monthly mortgage payments.

Qualifications for the CHIP Reverse Mortgage:

• Canadian Homeowner: Own a home in Canada? You're on the right track!

• Age Requirement: You and your spouse must be at least 55 years old.

• Primary Residence: Your home has to be your primary residence.

• Home Maintenance: You must keep the property in good maintenance, pay your property taxes and property insurance, and your property is not in default.

If you meet these criteria, you can unlock tax-free cash to receive either a lump sum or scheduled monthly advances. The possibilities are endless with the CHIP Reverse Mortgage. From paying off debts and tackling unexpected expenses to renovating your dream home, funding that special vacation, or securing your family's future.

Have questions or want to check your eligibility? Contact me today!

416-578-4187
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Hello Monday!

As renewal time rolls around for many, we will continue to see increases in interest rates. Now is the time to work with a professional who will explore all of your options. Refinancing can be a viable option. I am hear to help, call 416-578-4187 today.

I Choose Joy!

A low credit score can become a barrier to many opportunities in your life.

What you owe vs What you earn (DTI). The magic number is approximately 35% to be seen as good and responsible with credit. Note that there can be a little give with some lenders and this percentage. Basically, the lower the amount of debt to your income, the better. Find ways to lower your debt and ways to increase your income so that you can qualify for your next mortgage. Ask me how?

In a nutshell, as you make more money, you spend more money. Some people who are savvy with their money might decide to refrain from spending more just because they can. They might use that extra money to invest or find ways to multiply not deplete that added income. I work closely with a financial planner who can guide you in making smart money moves. Ask me about that today.

Ask me how to get a Secured Credit Card today.

You may not be bringing in enough income, but let's also look at ways to cut your monthly expenses and eliminate your debts. It's time to look at refinancing as one option available to you.

When you are preparing to purchase a home, it is a great idea to have a checklist of things to do. You have to take a snapshot of your past financial history to understand what has worked and what hasn't worked for you so far. It's time to review your emergency fund, investments, insurance, savings and your credit just to name a few things that you must look at. DM me if you are ready to purchase a home now and want to start the preparation.

I work with a team of people who are ready to help you get started, DM me today.

You will be required to pay mortgage loan insurance, AKA mortgage default insurance when you have a down payment of less than 20% of the purchase price of the home. This insurance protects the lender.

It's the last long weekend of the summer of 2022. The kiddos are back to school next week, let's have a blast this weekend!

Contact me today to find out what your path to homeownership looks like? We can review the common mistakes made by many First Time Homebuyers.

As fall approaches, it is a fantastic time to do a mortgage check up. DM me to set up your appointment today.

...However, if you don't pay your bills and it ends up in collections, the collection agency will likely report you to the bureau(s) which will then appear on your credit report.
You don't wan't to end up in collections, this stays on your report for 6 years and can have far reaching consequences. If you are preparing to purchase a home or refinance and you are in need of support with your credit, DM me.

They invest their money and the investment vehicle does the work.