Rick Chander Mortgages
"because everyone deserves to own a home and build a future" Everyone deserves a roof over their head and the opportunity to build a brighter future.
Two of the most fundamental items that lead to social equity and health is housing and financial resources. Let me help you set yourself up for home ownership and potential investment opportunities.
16/04/2022
Wishing everyone a happy Easter weekend. It's been a tough couple of years, for some more than others. Remember to take some time to unwind and spend with your friends and family this weekend.
12/02/2022
It's hard to find charities in which you can get your children involved. Donating money, although very important, doesn't have the same impact on kids' understanding of the importance of giving back. Luckily we discovered this great charity called Club Sandwich that collects and distributes sandwiches to 9 local missions. Now every Wednesday we form our family assembly line and make sandwiches that are all donated to people in need.
I highly recommend that you look them up, it's a great way to volunteer as a family.
IN A WORLD WHERE YOU CAN BE ANYTHING, BE KIND.
Recieved a letter in the mail today from my brokerage with a Tim Hortons gift card asking us to buy a coffee or snack for someone in need. What a great way to kick off our "Month of Love" at The Mortgage Coach where we focus on giving back.
So proud to be part of an amazing brokerage that truly cares about its agents and being charitable.
28/01/2022
Bank of Canada HOLDS its key policy rate! Although this may have come with a sigh of relief for some, it is really only delaying the inevitable, higher interest rates and possibly at a faster pace in the near future. The silver-lining, for now, is we can all still borrow money at a very low cost.
What does this mean for mortgages?
For those of us who have a variable rate mortgage, this is good news as your rate will not change, at least not until the next BoC meeting scheduled in March. If you are in a variable rate mortgage and are not comfortable with a rising interest rate, you may want to consider moving into a fixed rate while they are still quite low. Also, you may want to consider taking advantage of your prepayment privileges and try to pay off more of your mortgage now before rates rise. For those of us with a fixed rate mortgage, the BoC policy rate does not affect your mortgage at all as your rate is fixed and will not change until the end of your term. However, if you are in a fixed rate mortgage with a very high interest rate or are close to the end of your term, you may want to consider refinancing sooner than later to take advantage of the low rates available now.
Take into consideration your own personal situation, whether you want to consolidate high interest loans, need extra money or are considering purchasing property, there are many strategies that can help save you money. Knowing that a rate hike is coming makes it a good time to look over your current mortgage contract, investment portfolio, and cash flow with a professional to understand how rate hikes might affect you.
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
I want to take this moment to thank everyone for all their support this past year. From my family to yours, have a safe and happy holiday season and wishing you success for the new year!
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
19/11/2021
If you are considering purchasing a property in the near future, you must take into account the time value of your money. Now that we are in a rising interest rate environment it will cost you significantly more to purchase a home the longer you wait. Interest rates are expected to keep rising and therefore it is in your best interest to lock in the best rate you can now for a home you may purchase 3 to 4 months in the future. There is no way you can protect yourself from rising home prices, but you can protect yourself from rising interest rates. Speak to me to learn more about how you can lock in a low rate now. There is no obligation and it doesn’t cost you anything.
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
03/11/2021
It’s never too early to start the mortgage renewal process. Let me help you get started and together we can get you locked into the lowest rate possible or the best product for your financial needs.
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
29/10/2021
Is your mortgage term set to expire and you still haven’t received a renewal statement from your current lender? I can help get the renewal process started. Together, we can gather the proper financial information and documents so you can get the mortgage product that best suits your needs.
Contact me today and I’ll be happy to answer any questions you may have about your mortgage renewal process.
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
Although the Bank of Canada held it's overnight rate, it signaled that an interest rate hike may be coming sooner than expected.
With interest rates remaining at an all-time low, employment figures looking as good as they did before the pandemic, and Canadian borders re-opening, now is the time to refinance, purchase, consolidate debt or take equity out of your home.
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
27/10/2021
Do you have a mortgage renewal coming up? If you’re unsure of what steps to take, contact me and I would be happy to help lock your next mortgage term at the lowest rate possible!
Rick Chander
Mortgage Agent | Lic: M21001333
C: 416-702-0972
E: [email protected]
https://themortgagecoach.ca/rickchander
27/10/2021
Hiking to see the beutifull fall colours. Visited both Boyne Valley Provincial park in Shelbourne and Hardy Lake Provincial park in Muskoka.
25/10/2021
"If you’ve begun to think about homeownership or are actively searching for a property, let their stories inspire you."
Our broker network was recently featured in Toronto Life: tinyurl.com/xumnjwwm.
Canada's 5-year bond yield closed at a 20 month high, this is a strong indicator that fixed interest rates will rise as well. It may not mean rates will surge, however, if you were considering purchasing you may want to get a pre-approval now to lock in the current lower rates, and If you were looking at refinancing, you might want to consider it sooner than later. It could save you thousands of dollars in interest!
A mortgage isn’t a one-size-fits-all, hence the importance for homebuyers to properly understand their situation and what options they have,” says Shubha Dasgupta, CEO. Pineapple, for its part, provides flexibility for mortgage seekers, has a speedy pre-approval process, and offers a closely guided (and completely digital) mortgage application process. Read the full article today at https://info.gopineapple.com/e/513321/33hx83dk/9n2q8n/1772556041?h=5eFatrdDFDGvisr1gSuLaFa2z9lbHT20ssP225qyDAo.
16/08/2021
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If you're struggling with debt or paying really high interest rates let me show you some strategies that could reduce your monthly costs and save you thousands.
04/07/2021
The National Parks in Quebec are stunning. I couldn't believe how well kept and clean they keep their trails. We hiked up Mont du Lac-des-Cygnes at the National Park of Grand-Jardin as well as The Acropole-des-Draveurs trail at the National Park Hautes-Gorges-de-la-Rivière-Malbaie. Unfortunately we weren't able to see the view from the summit because of the fog but were still able to take in some great sites on the way up.
01/07/2021
Making our way through beautiful Quebec. Meeting old friends, wandering through old Quebec City, discovering the local food and wine on beautiful ile D'Orleans and checking out the stunning Sainte-Anne-de-Beaupre church.
04/06/2021
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