Shen Mortgage Solutions

Mortgage for sale! 🗣

Wait, what? That's right, you can sell your home with your mortgage.

It's called an 'assumable mortgage' and it can be a game-changer in a high-interest rate market! 💰✨

Buyers can secure a lower interest rate, making your home more attractive. But remember, they still need to qualify for the mortgage.

Thinking about this option? Let's chat! 📞💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Considering a Home Equity Line of Credit (HELOC)? 💳

Did you know you can use it for the down payment on another property? 🤩 Having a HELOC on your existing property, even if you don't plan to use it right away, is key to being prepared for when the right investment property shows up. 🚨

It's a common strategy to grow your real estate portfolio. 🏘 Let's discuss today, strategize, and start building wealth through real estate! 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

How much can you afford based on your *HOUSEHOLD* income? 🏡 🤔

Whether it's you and your partner, a friend, or a co-signer, let's explore what you could qualify for. 🤝

Connect with me for a free, no-obligation consultation today! 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Economists are pointing out a delicate economic situation, teetering on the edge of recession. ⚖️

However, this alone might not be sufficient to prompt the Bank of Canada to cut rates. 🏦 ❌

With the hopeful expectation that inflation will continue to drop, many anticipate potential changes coming this summer. 🤞🏼

Want to talk about inflation? I love this part of my job. Let's chat! 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Found your dream home, but the outdated bathroom isn't your style? 🚽

Consider the Purchase + Improvement program! 🔨

Upgrade to your taste, and your lender will reimburse you when you're done. 💰

But, remember! 🚨 This requires approval ahead of time.

So, call me today to check if you qualify for this program! ✅

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Before researching "Cheapest place to live in Canada", check out this list by CMP. 🇨🇦📍

They've rounded up 10 of the most budget-friendly places based on housing affordability and job growth. 👷🏾

Ready to explore your options? Get pre-approved first! 👇🏼

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

It's only natural to have questions during the mortgage process. 🤔 💭

No matter how big or small, I'm here to help you through every step to ensure you understand and feel confident with your mortgage choices. 🏡

Call us today to get started. 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

𝟯 𝘀𝗶𝗺𝗽𝗹𝗲 𝗺𝗶𝘀𝘁𝗮𝗸𝗲𝘀 𝗵𝗼𝗺𝗲𝗼𝘄𝗻𝗲𝗿𝘀 𝗺𝗮𝗸𝗲, 𝗯𝘂𝘁 𝘁𝘆𝗽𝗶𝗰𝗮𝗹𝗹𝘆 𝗻𝗲𝘃𝗲𝗿 𝗺𝗮𝗸𝗲 𝗮𝗴𝗮𝗶𝗻! 😅

Swipe to learn more and avoid them from the start! 👉

I'll help you consider future needs beyond a simple mortgage approval. Call me today to get started. 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

National prices have jumped 7.6% since January last year (2023), as per CREA Stats, driven by pent-up housing demand. 🏘

With things heating up, especially with the spring market just around the corner 🌸 , secure a pre-approval for a competitive edge in the 2024 real estate landscape. 🔐

𝗠𝗲𝘀𝘀𝗮𝗴𝗲 𝗺𝗲 𝗻𝗼𝘄 𝘁𝗼 𝗴𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱. 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Default insurance is mandatory if you plan on putting between 5% to 19.99% down. To proceed, you'll need to qualify with a lender and one of these insurers. 🏦 ☂

What if you don't qualify? You'll need 20% down to skip insurance or explore alternatives. 🏘

𝗙𝗿𝗼𝗺 𝗽𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗮𝗹 𝘁𝗼 𝗳𝘂𝗻𝗱𝗶𝗻𝗴, 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗴𝘂𝗶𝗱𝗲 𝘆𝗼𝘂! 🤝 𝗟𝗲𝘁'𝘀 𝗴𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱 – 𝗴𝗶𝘃𝗲 𝗺𝗲 𝗮 𝗰𝗮𝗹𝗹 𝘁𝗼𝗱𝗮𝘆.

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

𝗧𝗮𝗸𝗲 𝘁𝗵𝗶𝘀 𝘄𝗶𝘁𝗵 𝗮 𝗴𝗿𝗮𝗶𝗻 𝗼𝗳 𝘀𝗮𝗹𝘁! 🧂

Lenders vary in size requirements for homes, with major cities having fewer restrictions. 🌆

Generally, condos are around 500 sq. ft. and detached homes around 700 sq. ft., but exceptions exist—for example, one out of my many lenders will allow for 300 sq. ft. 😮

Interested in a smaller home? Let's connect to review qualifications and lender guidelines for an informed decision. 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

"What, what? I thought I needed 20%?" 🤔

Yes - for rentals, plan for a minimum 20% down payment. 💰

If it's your 2nd home for personal use and you qualify for both your primary and secondary residence, you may be able to manage it with as little as a 5% down payment. 😮

𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗲𝘅𝗽𝗹𝗼𝗿𝗲 𝘆𝗼𝘂𝗿 𝗼𝗽𝘁𝗶𝗼𝗻𝘀? 𝗚𝗲𝘁 𝗽𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱 𝘁𝗼𝗱𝗮𝘆! 👇🏼

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Affordable homes are on the rise in Canada, and manufactured homes are a hot choice for quick, convenient, and customizable living. 🏗️🏘️

Before diving in, explore financing options—some lenders may not consider this type of construction, while others have unique programs for it. 🏦

𝗧𝗵𝗲 𝗯𝗲𝘀𝘁 𝘄𝗮𝘆 𝘁𝗼 𝗳𝗶𝗻𝗱 𝗼𝘂𝘁 𝗶𝗳 𝘆𝗼𝘂 𝗾𝘂𝗮𝗹𝗶𝗳𝘆? 𝗚𝗲𝘁 𝗽𝗿𝗲-𝗮𝗽𝗽𝗿𝗼𝘃𝗲𝗱! ✅

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

20% or 50% down payment? 🤔

The minimum to buy a bare lot varies based on details like location and building plans. 🔨

For instance, with services at the lot line, some lenders accept a 20% minimum down payment, while no services may require 50% or more. 🏦

If you want to explore buying land and building a home, I'd be happy to show you some options and break down the financial process step by step.

𝗠𝗲𝘀𝘀𝗮𝗴𝗲 𝗺𝗲 𝘁𝗼𝗱𝗮𝘆 𝘁𝗼 𝗴𝗲𝘁 𝘀𝘁𝗮𝗿𝘁𝗲𝗱. 🏡💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

If COVID-19 achieved anything, it propelled ancient processes like banking into the 21st century. 🚀

Digital signing is incredibly popular in the broker world, enabling homeowners to sign from virtually anywhere. 🗺 📍

However, not all industries have caught up yet. Some banks and lawyers still need you in person for that signature and identity check. 🏦✍️

Always check with your mortgage professional before taking off on vacation before signing your paperwork! ✈️

𝗛𝗮𝘃𝗲 𝗾𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀? 𝗜'𝗺 𝗵𝗲𝗿𝗲 𝘁𝗼 𝗵𝗲𝗹𝗽! 👋

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

𝗨𝘀𝗲 𝘁𝗵𝗲 𝗯𝗮𝗻𝗸𝘀 𝗺𝗼𝗻𝗲𝘆... 👉 🏦

Even the wealthy leverage the bank's money for real estate, most opting to use home equity over using their own cash or selling investments. 🏘

Explore the Refi & Buy strategy - let's discuss these four steps on a call. 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

𝗜'𝗺 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗮 𝗯𝗿𝗼𝗸𝗲𝗿—I'𝗺 𝘆𝗼𝘂𝗿 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝘀𝘁 𝗳𝗼𝗿 𝗹𝗶𝗳𝗲. 💫

Beyond low interest rates, I guide you through mortgages, penalties, future planning, tax-free equity, and wealth building. 💸

Ready to get started? Drop me a message now for a tailored financial growth plan through strategic financing. 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Ready to buy your first home in Canada? 🇨🇦

Swipe to learn more! 👉

I'm here to help with any questions. Let's go through this exciting experience together! 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Self-employed and buying a home in 2024? 🧳

Be sure to get your personal taxes done as soon as possible to avoid application delays. 🚧

Some lenders may wait until your taxes are done to assess your self-employed income, even if taxes aren't due yet. 📑

𝗥𝗲𝗮𝗱𝘆 𝘁𝗼 𝗳𝗶𝗻𝗲-𝘁𝘂𝗻𝗲 𝘆𝗼𝘂𝗿 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝗰𝗲𝗺𝗲𝗻𝘁𝗶𝗻𝗴 𝘁𝗵𝗲𝗺 𝗶𝗻 𝘆𝗼𝘂𝗿 𝘁𝗮𝘅𝗲𝘀? 𝗟𝗲𝘁'𝘀 𝗰𝗵𝗮𝘁! 📊

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

From bobbin boy to millionaire, Andrew Carnegie's journey is a testament to the power of hard work and strategic investments. 📈

Carnegie's views on real estate as a key to building wealth remain impactful. 🏘

Let's explore effective mortgage strategies to build your wealth together. 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Do your family and friends have traditions for celebrating your new home? 🏡 ✨

Drop a comment below! 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

[ A ] or [ B ]? 🤔

The answer is...
It depends! 😂 Usually, Offset (B) works best, but each application is unique.

Understanding how lenders view this income is crucial, and having a broker familiar with these programs can make or break your file! 🏦

Let's get started. 🏘️

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Casual Income

Lenders require a minimum 2-year history for casual positions, typically utilizing an average based on your two most recent T4s.

Ready to learn more? Click the follow button! 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

If you're self-employed, don't stress about high taxable income. 🏡

As a broker, I can access lenders with creative solutions like using 6 months of bank statements for your mortgage qualification. 🏦

Ready to explore? Let's start now. 🤝

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca

Two terms that can cause confusion for homeowners: Renewal vs. Refinance! 🤔

Collaborate with me to identify the optimal choices for your short and long-term home financing needs! 💬

--

📞 604-355-5550
📩 [email protected]
🌐 www.shenmortgages.ca