Mortgage Alliance Greater Golden Horseshoe Karen Monteiro
Award winning professional service.26 yrs experience helping clients get the Right Mortgage
#13121
Mortgage Alliance Greater Golden Horseshoe is a Full service mortgage brokerage FSRA 13121 serving Cambridge, Kitchener, Waterloo and surrounding areas as well as across Canada . We know purchases, refinances, switches, private lending, good credit, bad credit and the list goes on! Great investment opportunities for our clients
Real Estate services under Remax Real Estate Centre The Maximum Results Team
03/09/2024
Is your mortgage coming up for renewal? I can help! Let's take the opportunity to review your options and secure the best rate! 🔑✨
This is the perfect time to compare current interest rates, assess different mortgage terms, and negotiate with your lenders to ensure you're getting the most favourable deal. Being proactive can help you lower your monthly payments, save on interest costs, and align your mortgage with your long-term financial goals. Contact me today!
02/09/2024
Today let's celebrate the hardworking individuals who keep our world moving forward. Happy Labour Day!
02/09/2024
Equity is the key to unlocking your home's true worth!
It represents the portion of your property’s value that you truly own, calculated as the difference between the market value and your outstanding mortgage balance. Building equity can provide financial flexibility for future investments, home improvements, or even a down payment on a new property. Stay informed and strategic to maximize your home's value over time.
30/08/2024
Secure your family's future with a home built for tomorrow. Upgrade your home and invest in a future of comfort and stability. Reach out today to find out how to make your dream home a reality.
29/08/2024
✨ Win big every month with Greater Golden Horseshoe Mortgages! ✨
Enter for your chance to strike gold—no purchase necessary! 🏆 Visit gghgold.com or complete a qualifying mortgage with GGH to be entered into our monthly draw. Contest runs until December 31st. Don’t miss out on this golden opportunity!
29/08/2024
Refinancing your mortgage isn't just about saving money – it's about securing peace of mind. Lower payments, shorter terms, and extra cash can give you the flexibility to handle life's unexpected twists and turns.
Let me help you find the perfect refinancing package so you can rest easy knowing your finances are in good hands. Reach out today!
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28/08/2024
Today's reminder! Remember, challenges are temporary, but your dream home is within reach. Let's work together to make it a reality!
27/08/2024
Wondering how to leverage your home equity in Canada? Home equity is the difference between your home’s current market value and the remaining balance on your mortgage. By tapping into that equity, you can access funds for renovations, debt consolidation, or even investing in another property. It’s a powerful tool to help you achieve your financial goals. Reach out today to learn more about how to make your home’s equity work for you!
7 Essential Tips For Empty Nesters Before Selling Your Home.
https://waltermonteiro.remaxrecentre.ca/blog/702/7+Essential+Tips+For+Empty+Nesters+before+Selling+Your+Home.
Another Mortgage Chronicles Tales from the Street episode #2
A couple came to me that were having a tough time. They were doing everything right but had had some employment challenges over the past few years . They had a few jobs each to make it all work but it was getting exhausting. A few new opportunities were coming their way but they hadn't come to fruition so upon looking at a few lenders to work with to get the clients out of their jam and into a better monthly cash flow situation the lenders were declining the deal because these new opportunities were not in place yet .
I was getting frustrated as the clients had a low mortgage amount, good credit and were really trying . They had held on and were working multiple jobs -the whole deal made sense but unfortunately lenders only work with the numbers and they have to fit into their policies .
After much research I found a lender that finally got it ! They took the new jobs into consideration and because of the low loan to value of the mortgage compared to the value of the house we were able to put the clients into a mortgage that had NO MONTHLY PAYMENTS!
It is not a reverse mortgage as they were not old enough to get one but acts similarly in that the interest accrues for a 1-2 yr period and upon renewal they pay out the mortgage amount plus the interest owed. They can make a prepayment if they wish so not as much is owed at the end of the term .This was a win win situation for them. It is called a reset mortgage and is available in certain areas of Ontario . It only goes up to 65% of the value of the home (including the interest accruing so you must have equity to be considered for this product) and is only available through a broker.
The clients cash flow issue was solved and they could go into their new jobs without the stress . They could now concentrate on these new opportunities and not have to work 24/7 . As they now have no mortgage payment they can keep their debt load to a minimum and even save some money . They were able to stay in their home and if the market is good the value of their home will continue to stay stable or even go up so when it comes time to renew they will still be in a good equity position.
Are you in a similar situation? Do you know anyone who may be that needs mortgage advice and help? Not sure if you could qualify for this product ? DM me, call me at 519-590-6847 or email [email protected] to have a private , free mortgage consultation. I am here to help.
26/08/2024
It's Mortgage Monday!
Considering an adjustable rate mortgage (ARM)? It offers initial lower interest rates and monthly payments compared to fixed-rate mortgages. However, rates can fluctuate after the initial period, affecting your payments. As your mortgage broker, I can explain the benefits and risks of ARMs and help you decide if it's the right choice for your financial goals. Reach out today!
24/08/2024
Knock out your mortgage faster by making additional monthly payments towards the principal and taking advantage of prepayment options. Consider refinancing to a shorter term or increasing your regular payments to save on interest and pay off your loan sooner. With careful planning and budgeting, you can achieve financial freedom and own your home outright in no time. Reach out today to see whats best for you.
23/08/2024
Why does your real estate agent ask for your personal information?
Why Real Estate Agents Ask for Your Personal Information Why Real Estate Agents Ask for Your Personal Information Hello! I’m Walter Monteiro, and I understand you might be
21/08/2024
Wondering if making an extra mortgage payment is the right choice for you? While it can potentially lead to paying off your home earlier and saving thousands in interest, it's crucial to weigh this decision against other financial priorities. Consider how this strategy aligns with your long-term goals, such as saving for retirement, funding education, or maintaining a comfortable lifestyle.
20/08/2024
Understanding Mortgage Renewal: Key Tips and Myths Debunked Hello, homeowners! It’s Walter Monteiro from The Real Estate and Mortgage Show. i’m here to talk about a cr
20/08/2024
Behind the scenes of mortgage approval! 🏠🔍
Ever wonder what catches the eye of a mortgage lender? From credit scores to loan-to-income ratios, discover the key factors lenders consider when evaluating potential homebuyers.
Let's discuss how to meet lender criteria and streamline your path to homeownership!
19/08/2024
Mortgage Monday: Interest Only Loan
Whether you're buying your first home or your fifth, there are a variety of loan types that might be a good fit for you. If you're ever interested in speaking with a qualified lender, shoot over a message if you're ready to discuss more!
16/08/2024
Amidst the excitement of buying a new home, don't forget about the often overlooked yet crucial aspect of closet space. The thought of closet space often gets overlooked, but it's one of the most important factors for clutter-free and organized living. Reach out today to see the options that fit your budget.
14/08/2024
Understanding HST When Buying a Resale Home in Ontario.
Understanding HST When Buying a Resale Home in Ontario **Understanding HST When Buying a Resale Home in Ontario**Purchasing a resale home in Ontario is an exciting milestone,
13/08/2024
Unlock the doors to your dream home and don't wait. Your future is bright and full of possibilities as a homeowner. Reach out today so can get guided through the process and make your housing dreams a reality.
13/08/2024
Avoid pitfalls and improve your chances of approval with these essential tips!
1. Incomplete or Inaccurate Documentation
Fix: Take the time to gather all necessary documentation, including pay stubs, tax returns, bank statements, and employment verification. Double-check that all information provided is accurate and up to date.
2. High Debt-to-Income Ratio
Fix: Pay down existing debts, such as credit card balances or personal loans, to lower your DTI ratio. Avoid taking on new debt or making large purchases before applying for a mortgage.
3. Changing Employment Status
Fix: Avoid making significant changes to your employment status or income until after your mortgage is approved and the loan is closed. If necessary, provide documentation and explanations to lenders to demonstrate your ability to repay the loan.
Why you should consider a mortgage from a broker even if your bank matches their rate.
https://waltermonteiro.remaxrecentre.ca/blog/611/Why+you+should+choose+a+mortgage+broker+over+a+bank%2C+even+if+the+bank+matches+their+rate.
10/08/2024
Is it time to consolidate your debts? Consolidation means rolling your high-interest debts, like credit cards or personal loans, into your mortgage. This can simplify your payments and reduce your overall interest costs. However, it’s essential to understand how this decision affects your mortgage and long-term financial goals. Consolidation can ease financial pressure, but weighing the pros and cons before making a move is crucial.
09/08/2024
Happiness is a good book. Hope your National Book Lovers Day involves a great read in your favorite cozy place!
08/08/2024
Create a home office that works for you and your mortgage goals. With the flexibility of remote work, design a space that maximizes productivity and comfort. Let's make your mortgage dreams a reality right from your own home.
08/08/2024
Happy International Cat Day! 🐱🎉 Whether they’re curled up in your lap or chasing shadows, cats make every day a little more purr-fect. Show us your feline friends and tell us what makes them the cat’s whiskers!
06/08/2024
06/08/2024
Understanding Mortgage Ratios And Qualifying Rates.
Understanding Mortgage Ratios and Qualifying Rates Welcome to our mortgage guidance video! 🏡 In this video, we explain key concepts like Gross Debt Service (GDS) ratio,
Our Story
Full service mortgage brokerage serving Cambridge, Kitchener, Waterloo and surrounding areas as well as across Canada . We know purchases, refinances, switches, private lending, good credit, bad credit and the list goes on! We can offer great investment opportunities for our clients. Real Estate services under Coldwell Banker Maximum Results.
Getting to Know Karen & Walter:
Karen
Karen Monteiro is a veteran mortgage and real estate professional with more than two decades dedicated to her clients and career.
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