Team BOBCAT Mortgages

One of the biggest advantages of working with a mortgage agent is that they make sure your demands are met. ✅

They can help you find a mortgage solution that has a more flexible payment schedule or better prepayment options.

Team BobCat Mortgages works with lenders that exclusively deal with mortgage agents and brokers. No matter how complex your situation is, we'll find a solution for you.

Contact us today for more information.
📩 [email protected]

There are times in your life when you need extra money. It could be for your child's university education, renovating your house, or paying off medical bills.

If you're a homeowner, you can get a second mortgage instead of taking a personal loan or using up your credit card balance.

So what is second mortgage? 🧐

You have a house that you've been paying mortgage for. Over the years, you've built home equity, which is the principal amount you've paid towards your property. (through mortgage)

Your lender allows you to cash your home equity.

To be eligible for second mortgage, you need to have
✅ credit score of 620 or higher
✅ 15-20% home equity in your property
✅ proof of on-time mortgage payments
✅ strong income history

For more information, visit our website - teambobcat.ca

Happy New Year! Let's toast to yesterday's achievements and tomorrow's bright future. 🥂

Love,
Team BobCat Mortgages

As a homebuyer, you don't want to waste your time getting rejected for a mortgage. 🧐

The Canadian real estate market is booming and highly competitive. By simply avoiding these mistakes you can significantly improve your chances of mortgage approval.

Here are 5 more things you shouldn't do before applying for a mortgage:

❌ Don't wait to save 20% down payment. If you're a first-time home buyer, you can pay as little as 5% downpayment.

❌ Don't purchase a car

❌ Don't increase your credit card balance until the buying process is over

❌ Do not close any active credit card accounts.

❌ Do not apply for any open line credit accounts

Hi! We're Team BobCat Mortgages, a women-owned, women-led mortgage agency that specialises in first-time home buyers mortgage.

Email us at [email protected] for a free consultation today!

At Team BobCat Mortgages we care about you. 🤗

We are always here to answer your questions and help gain your financial independence through homeownership.

DM us to book a no-obligation consultation with us, either virtually or in-person.

May this Christmas season fill your home with happiness, joy, and laughter! 🎄

We've all been hearing every day that property prices and mortgage rates continue to rise. 📈

As a potential home buyer in Canada, you want to secure a property at the lowest mortgage rate possible. And that's we recommend you to get pre-approved. ✅ 🏠

You can lock the low interest rate provided by one of our mortgage lenders for up to 120 days. It puts your mind at ease when house shopping.

Team BobCat Mortgages is a women-led, women-owned mortgage agency that specialises in providing first-time home buyers with mortgage solutions that helps them build home equity.

For more information, please email us at [email protected]
🌐 www.teambobcat.ca

Did you know you can use funds from your parents or siblings towards your down payment? 🎁

But there's more than just transferring money from their account to yours. Any mortgage lenders will ask you for two documents to verify the gifted funds.

1. Donor letter
We can give you access to a pre-made template that you can fill details into. You'll need the donor's signature and must clearly mention that it's a gift and not a loan.

2. Proof of funds
In this document, you need to mention details of the donor and receiver. It should also mention the amount, bank used, and that it is a gift.

✅ Get pre-approved today! ✅

Hi! We're Team BobCat Mortgages, a women-owned, women-lead mortgage agency that specialises in first-time home buyers mortgage.

We're here to help you find the best mortgage solution for your needs.

📩 [email protected]
🌐 www.teambobcat.ca

Team BobCat wants to make your home buying journey easy and comfortable. 🥰🏠

That's why we have a free mortgage calculator tool on our website that gives you a rough estimate on your monthly mortgage payments, mortgage term, and interest rate.

✅ We do not require you to enter any personal information.

✅ Calculating your score won't affect your credit score.

Team BobCat Mortgages is here to assist you all along the way. We understand that every person has a different financial situation and requires a unique approach for mortgage pre-approval.

Contact us at [email protected] for more information.

Every prospective home buyer wants to get a mortgage that has a low interest rate? 🏠

You would have gone through several articles that talk about getting approved for a mortgage or how to lower your interest rate.

But we, Team BobCat Mortgages, are here to tell you the easiest way to get the lowest mortgage possible.

✅ And that is .... increasing your credit score to 760 or higher. ✅

A higher credit score assures mortgage lenders that you'll pay back the loaned amount.

If you don't have a good credit score currently, you can work on making it better.

Team BobCat Mortgages works with over 50 lenders across Canada to customise a mortgage solution for you.

Sign up for a free no-commitment mortgage consultation with us today.

📩 - [email protected]



source - Forbes

Planning to buy a house but you've got student loans? 🏠🧐

While student loan affects the amount of mortgage you qualify for, it doesn't stop you from getting pre-approved. ✅

Team BobCat Mortgages recommends you to plan your finances well in advance if you're planning to purchase a home:

✅ Pay off your debt
Check what other debts you have. If you have a credit card debt or auto loan, make bigger payments to improve your debt to income ratio.
✅ Make regular student loan payments
Student loan is considered a debt and is mentioned on your credit report. When lenders check your report and see that you're very regular with the loan repayments, they will count it towards your mortgage approval.

✅ Get pre-approved
Here's where Team BobCat Mortgages come in! Our no-obligation mortgage pre-approval application will get you approved in just 48 hours for the lowest possible interest rate.

For more information, email us at [email protected]!



source - ratehub.ca

Let's be honest, buying real estate is easily the best way to grow equity and generate passive income. 📈

There's a huge rental demand, which means finding renting out the property is going to be easy. It creates a steady source of income for you and your family. You can use that amount to pay your monthly mortgage.

For mortgage and investment tips, follow Team BobCat Mortgages. 🏠💸

Planning to buy a house for your family in Ontario? 🥰

Congratulations on making the decision. We at Team BobCat Mortgages are here to help you get pre-approved for a mortgage.

✅ As a first-time home buyer, it's extremely crucial that you get pre-approved before home shopping. It gives you a clear picture about how much mortgage amount you'll qualify for and accordingly find homes within the limit.

Also, when you're pre-approved, sellers consider you're serious about buying their house. The whole home buying process moves ahead quickly, which means you can move into your new home at an earlier date.

✉ Get pre-approved in just 48 hours. Email us at [email protected] today.

💡 Always be mindful that there will be more costs than the price of the property you're buying or selling. 💡

One of them is Closing Costs and always missed by home buyers when they are budgeting before home shopping.

🏠 A few more closing costs that might have skipped your mind include: (other than those mentioned in the list)

1. Water quality inspection fee
2. Land survey fee
3. Mortgage default insurance (only for buyers with less than 20% downpayment)
4. Estoppel certificate fee (for condo buyers only)
5. Moving expenses

✅ 💡Always set a realistic budget for buying a home. While mortgage payments will become a majority in monthly expenses, you'll need to set a budget aside for miscellaneous costs including makeover, maintenance, and furniture.

In the last post we talked about how you can improve your credit score and get pre-approved by an A mortgage lender.

Today, we want to go in detail about CREDIT CHECKS. 📉📈

If you've ever purchased a phone plan, you know that the service provider checks your credit score. Every time someone inquires about your credit score at a credit bureau, it takes a hit.

Now, there are two types of hits - SOFT & HARD.

A soft hit is when someone inquires about your credit score for reasons other than lending more.

On the other hand, a hard hit when an organisation pulls your records to check how much risk you are.

Too many credit checks will scare good lenders away because it shows you're irresponsible with your money. It can also affect your ability to get a mortgage from an A lender.

✅ To learn more about credit scores and mortgage approval, visit Team BobCat Mortgages blog today.

One of the very first things a mortgage agent will ask you is - What's Your Credit Score?

The rate and amount of mortgage you can qualify for directly depends on your credit score.

Credit score in Canada ranges from 300 to 900 with anything over 700 considered "good credit". It also means that you're very likely to be approved for mortgage by an "A lender" example a bank.

To check your credit score, you can any of these two credit-report agencies in Canada - Equifax Canada and TransUnion. It's a good habit to get a full report once a year to if there are any errors and find ways to improve your score.

If you have any credit-related questions, feel free to reach out to us today
✉ [email protected]

Source - ratehub.ca

66% of Canadian homebuyers choose to go with a fixed mortgage rate and so should you! ✅

💡 A fixed mortgage locks in the rate for a 5-year mortgage term. On the other hand, if you choose a variable mortgage, the rate changes according to market conditions. It has proven to be cheaper than fixed mortgage.

However, fixed mortgage rates in Canada are at an all-time low but they are slowly rising. Team BobCat recommends you to pre-approved and locking in the fixed rate for up to 120 days.

That gives you enough time to find a property that meets your requirements and keeps you protected from any rate increases.

To get pre-approved, contact us at ✉[email protected]

Source - ratehub.ca

📉You might have come across so many people talking about mortgages. They might have told you that they are at an all-time low. 📉

If you haven't taken any action and tried getting pre-approved for a mortgage, then HURRY UP!

✅ Did you know once you get qualified, the mortgage lender locks in the rate for up to 120 days?

There are 400,000 waiting for their permanent residency, which they are likely to receive in the next 2-3 years. The longer you wait, the higher real estate prices will go, and the higher interest you'll end up paying.

Mortgage rates are slowly creeping up, so let us tell you again - Don't Wait, Just Get Pre-Approved. 🔑

We'd love to help you out in your home buying journey in Canada. Team BobCat Mortgages is a licensed mortgage agent with over 10 years of experience in helping first-time homebuyers get pre-approved.

For more details, contact us at ✉[email protected]

Source - CTV News

Whether you're a current home owner or planning to buy one soon, you need to know about home equity.

So what is home equity? 🧐

Home Equity is a measure of how much ownership you have in your house, as previously stated. To determine your equity, take the amount of money you still owe on your mortgage and deduct it
from the value of your property.

To learn about effective ways on how to increase home equity, visit Team BobCat Mortgages blog - https://www.teambobcat.ca/blog

Team BobCat Mortgages is here to help you find the best mortgage for your needs.

Whether you're a first-time buyer looking for pre-approved mortgage or a homeowner in the market for a second mortgage, we've got you covered. ✅

We have access to over 50 mortgage lenders across Canada and work tirelessly to find the right match for you. Team BobCat Mortgages specialises in first-time home buyers and refinancing mortgage but we offer all kinds of mortgage solutions.

To learn about our services, visit our newly launched website - https://www.teambobcat.ca. You can also email us at [email protected] if you have doubts or questions.

We look forward to hearing from you.

Let's address the elephant in the room - MORTGAGE FRAUD! ❌

Ontario real estate is booming, which means that there are several real estate and mortgaged-related frauds waiting to prey on you.

So, how do you protect yourself from these frauds? 🧐

The answer is simple - always use a licensed mortgage professional!

We can't emphasise on this enough. As licensed mortgage agents, Team BobCat only works with reputed mortgage lenders that have the homeowner's best interests in mind.

We are also constantly training ourselves for new regulations put forth by mortgage authorities to ensure our clients are informed of any changes.

Here are some other ways you can protect yourself:
✅Never sign any document without understanding what the words means
✅Find out if the seller has any financial interests in the house, eg - liens or tax arrears.

Our lenders have some amazing mortgage offers for first-time home buyers. Send us a DM to learn more!

Ready to refinance? Not sure if it's the right choice for you?

Refinancing your mortgage can get your better interest rate than before and also allow you to borrow some extra money.

In Canada, you can borrow up to 80% of your home's value.

Here are certain costs associated with mortgage refinance:
✅mortgage repayment penalties
✅registration fees
✅legal fees
✅discharge fees
✅home appraisal fees

Despite all these expenses, mortgage refinancing is still a better option for you! You can always choose to refinance with your current mortgage provider or a different one! And we, Team BobCat Mortgages, is here to help you.

We specialise in first-time home buyers and refinance mortgage and have helped several home owners across Ontario.

Send us a DM or email us at [email protected].

As a first-time home buyer, it's essential to get pre-approved for mortgage!

✅You know exactly how much loan amount you'll receive towards a house, which makes house hunting less complicated.

✅Also, most sellers prefer someone who is pre-approved as it streamlines the selling and buying process.

Team BobCat Mortgages is dedicated to offering the best in-class services to all our clients. We specialise in first-time home owner mortgage and have a number of resources at our disposal which makes getting pre-approved easy and quick.

We also have access to 50+ lenders across Canada and are back with amazing reviews like this one!

✉️DM us to book a no-commitment consultation with us!

Welcome to Team BobCat Mortgages!

Hi! We're Bobby Dogra and Catherine Nacar, licensed mortgage agents and together we're Team BobCat Mortgages. We specialise in first-time home buyers and refinance mortgages in the GTA.

✅With access to over 50 lenders across Canada, we’ll help you get the best mortgage rate! 🏡

✅Working with experienced mortgage agents like us streamlines the approval process and makes it a lot quicker. It also means you focus on the more fun part of the home buying process like interior decor and landscaping!

✅Through our Instagram handle, we will be sharing special offers by mortgage lenders, latest news on the mortgage industry, and tips on how to get qualified. You can also visit our website blog for up-to-date information on first-time home buyers and refinance mortgages.

📧DM us if you're in the market for a mortgage and we'll walk you through the whole process!

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