Mortgages with Aash

LIMITED TIME OFFER- Get in touch for your renewal or refinance needs!

Wishing you a prosperous New Year filled with financial success and home dreams coming true!

🔹 Unlock the power of your credit bureau! It's like your financial autobiography!

🔹 Your credit bureau speaks volumes to lenders. It's like a key that unlocks financial possibilities!

🔹 Stay on top of your credit bureau! It's like a roadmap to financial success!!! 🔓🏠💰

Get in touch to get a complimentary Equifax Report😊😊😊

🐸🌡️ Don't be a frog in a kettle with your mortgage! 🌡️🐸

Have you heard about the surprising connection between Variable Rate Mortgages and soaring amortizations? Let's uncover the analogy:

Similar to a frog in slowly heating water, some mortgage holders find themselves facing unexpectedly long amortizations, often discovered through alarming social media posts. Cases of 50 years, with the most extreme being a staggering 90 years! 😱

Let's break free from this cycle! Stay informed, understand the risks, and have a plan. Let's own homes, not perpetual debts. 🏠💪

Canadian first-time homebuyers, have you heard about the homebuyers incentive from the government?

You could receive up to 10% of the purchase price of a new home, or 5% for existing homes, in the form of a shared equity mortgage. Don't miss out on this opportunity to make your dream of homeownership a reality!

This shared equity mortgage will reduce the monthly mortgage payment, and the incentive must be repaid after 25 years or when the property is sold, whichever comes first. Visit the CMHC website or ping me to learn more and see if you qualify. 🏠💰

Are you ready for your mortgage renewal in 2023?

Don't leave it to the last minute! The magic number is 120 days, giving you enough time to explore your options and potentially save on interest rates.

As the BoC 🇨🇦 maintains the rate again- we now have 5 more announcements due for 2023, the next one being June 7th.
The real question is what this means in terms of financial planning.
Speak to your advisor for advice.

Warm greetings to all the families to fill your life with Love and joy...Happy Dashain

Many mortgages are tough, BUT few are RESCUE missions!! Worked through a deal that was closing in less than 10 days which had failed at several other institutions. What a RIDE from getting approval from A Lender to clients getting KEYs🔑 to their new house YESTERDAY on the closing date.
Mission Accomplished🪂🪂🪂
Newbie Mortgage ProfessionalsNRNA CanadaONTARIO MORTGAGEToronto Regional Real Estate Board

WOW..BOC surprised us with a full 100 basis point increase taking a larger than expected hike to tame the high inflation. Biggest move since 1998. Inflation is at 7.7 percent as of May. Please reach out to the professionals for proper guidance and advice.

🚨🚨🚨Hot Market Talk🚨🚨🚨Fixed vs Variable/ Interest Rates
There is no doubt, now and for the past couple of months we’ve been in a rate-increasing situation, likely seeing another huge increase of 0.75% to prime this month (July).
However, research has shown that variable rate has always been a better option. What GOES UP always COMES Down...

Mortgages with Aash updated their business hours.

Interest Rate Increases in 2022!!!
The Bank of Canada has raised its benchmark interest rate thrice in 2022 so far.
First, from a record low of 0.25% to 0.50% on March 2, 2022.
Second, from 0.50% to 1.00% on April 13, 2022.
Lastly, from 1.00% to 1.50% on June 1, 2022, after inflation numbers hit a 31-year high.

For the remainder of the year, the Bank of Canada (BoC) is expected to make interest rate announcements on July 13, September 7, October 26, and December 7, and it is highly likely we will see more rate hikes on these dates.

As of this post, the prime rate is at 3.70%.

Please make informed decisions if you are making any investment decisions as suggestions/advice is only a call away...647 909 9695

Interest is not the only factor while considering a mortgage, however it is very important to consider the rising rates and make an informed decision. Please speak to an advisor if you have concerns about your rates or an upcoming renewal.
Advise is only a call away..

https://www.canadianmortgagetrends.com/2022/06/the-economy-needs-higher-rates-says-bocs-macklem/

The economy "needs" higher rates, says BoC's Macklem - Mortgage Rates & Mortgage Broker News in Canada While the Bank of Canada is currently still forecasting a "soft landing" for the Canadian economy, it's going to take higher interest rates to help that happen.

❗️ ❗️❗️Mortgage Renewals❗️ ❗️❗️
🔘When your term is up, you’ll be offered a mortgage renewal with a different rate and term from your lender. Do NOT just sign and send it back❗️
🔘 Did you know, that a new lender will pay for your legal and appraisal(if required) if you switch your mortgage to them!?
🔶Interest rates are on the rise, for now, that’s no surprise, if your mortgage is coming up for renewal in the next 6,9,12 months, an early renewal is something you may want to look into❗️

For more please reach me @ 647-909-9695

There are generally 2 ways to get a mortgage.
1. From a bank
2. From a licensed mortgage professional.
While a bank only offers the products from their particular institution, licensed mortgage professionals have access to banks, credit unions, trust companies, and financial institutions; offering their clients more choice, and access to hundreds of mortgage products!
Most importantly peace of mind..

One call can make a difference..647-909-9695