Michael Saleh Mortgage Specialist

https://apple.news/AFq5K77fFT1OG5Ro4HWwH7g

CMHC to review down payments on investment properties as part of federal strategy to tackle housing risks — Financial Post Speculative investing in residential real estate has become an important concern, prompting Canadians to overbid on properties

If you're new comer to Canada, First time home buyer, or even have some questions about mortgages, you can register for my educational session with YMCA on October 18th 😊

Are you or anyone you know thinking of buying your first or a new home? Join us for this virtual session on October 18 at 1:30pm. To register, email us at: [email protected]

register to my session to learn more about how to buy your first home in Canada.....and more 😊

Time for your mortgage renewal? 🧐

Generally, it is a good idea to start shopping for a new term between four and six months before your current mortgage term expires. Many lenders send out your renewal letter very close to the time that your term expires and this does not give you ample time to arrange for a mortgage term through a different lender. 🤦‍♂️

This means that you need to be tracking your own mortgage term timeframe and know when it is time to start shopping for a good mortgage renewal rate 😉

FIRST OFFERS USUALLY ARE SUCCESSFUL OFFERS 👌🏼

With the current market situation, you need to be able to see the new homes the day they list, so you can be the first to see the home and make a quick decision ✔️

Do You Need A Home Inspection? 🏡🕵🏼‍♂️

When you are looking to make one of the largest investments of your life, you want to make sure it's a sound one and that the amount you are paying for the home is worth every penny ✅

Here's a quick checklist of what you should be aware of while inspecting your home 📝

1. Mold & Mildew can cost 1000s but can be a deal-breaker
2. Moisture in Walls and Floors may deteriorate materials and attract insects - so beware!
3. Inspect Roof and Chimney - Are the shingles rotted? Bricks in good condition?
4. Electricity - Check to see if circuit breakers and systems are changed and up to date
5. Heating & Cooling - Are systems efficient and up to standards?
6. Foundation - Is it solid? Is structure crumbling or good for another ten years?
7. Appliances - Are your smoke detectors and carbon monoxide detectors in working order?

If your financial situation is a little unique, don’t worry. My job is to match you with the best lender for your financial situation. So even if you‘re a full-time freelancer, self-employed, small business owner, or you’ve had credit issues in the past, I still can work with you and get the best rate possible out there! 🤝

Any FRIENDS fans here? 👋

Are You Ready to Buy a Home?

1. How are your Finances? - Try to be as Debt-Free as possible. Tackling the credit card debt is your first priority.
2. Know your Options - Before you buy a home, you need to be pre-approved. Do go to a mortgage broker.
3. Be Honest - Golden Rule: Mortgage + Property Taxes + Insurance = 25-30% of your income
4. Find a Good Realtor - Do your research but he/she needs to be on your same page.
5. Be Patient - Once you place a bid and the offer is accepted, you will go into escrow. It may take time, but it's meant to protect both buyers and sellers.

Have a wonderful Saturday, folks ☀️

Did you find a home you like, but it needs some work done, and you don't have funds for it? Now you can qualify for the mortgage + renovations!
Without the need to put 20% payment 💰
For more information about renovation mortgage financing, give me a call at (437) 980-3033

I've been thinking the same about every house in movies! 😂

Real estate is generally a great investment option. It can generate ongoing passive income and can be a good long-term investment if the value increases over time 📈
If you’re ready to own a property and worrying about the mortgage, give me a call today! 📞

New month, new start, new focus and new goals! Welcome, February! 🌟

Michael Saleh Mortgage Specialist updated their phone number.

With access to over 90 lenders – including big banks, credit unions, trust companies, and financial institutions; I can get you the best rate available out there! Call me on 437-980-3033 or shoot me a message for more information!

Michael Saleh Mortgage Specialist updated their business hours.

It's now easier to call Michael Saleh Mortgage Specialist.