Mortgage Alliance
699 Speedvale Ave West, Suite 1C N1K 1E6 Guelph, ON, Canada

More and more first-time buyers are receiving monetary gifts from family members to help purchase a home. In this case, you need a signed gift letter that states the funds are a gift and do not need to be paid back at any time. If you are interested in knowing more about gifted down payments and how they assist your home buying journey, send us a message. Getting information early in the process will save you time and stress.

If you have owned your home for a number of years you have most likely seen large increases in value. You may be surprised to find out you can use the equity in your home to make money. Send me a message to learn more.

Do you want to be a homeowner but don’t know where to start? Send us a message and we can start your free pre-approval. From there, we will discuss your options and you will have all the information you need to start your house shopping journey!

Purchase + Improvements is ideal for the person looking to purchase a home with great potential but needs a little extra work. It allows you to incorporate the renovation costs into your mortgage upon purchasing. Send us a message to learn more and see if this product is right for you.

We know that borrowing money has become harder for self-employed Canadians which is one of the reasons why working with a Mortgage Broker is so important. Brokers have access to lenders who specialize in self-employed mortgages and understand the challenges that business owners face. If you are self-employed and looking to buy, renew or refinance, send us a message!

Your mortgage renewal is your opportunity to renegotiate your mortgage and possibly save thousands. Automatically renewing your mortgage with your current lender could mean you don’t get the best mortgage rate and terms you may qualify for. Send us a message to discuss your options.

To best meet your needs, mortgage brokers like us, have a wide array of products to choose from banks, private sources, independent lenders, etc. If you are in the mortgage market, send us a message. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Click below for more details about factors that impact your credit score. https://www.consumer.equifax.ca//what-impacts-credit-sco/

Do you know the difference between using a broker vs the bank? A mortgage broker works for you. We have access to multiple lenders to find the product and rate that meets your needs. A mortgage specialist at the bank works for the bank. They have access to 1 lender and want to sell their product, not necessarily what is best for you. If you are getting ready to buy, renew or refinance your mortgage, send us a message, it might save you thousands in unnecessary interest.

Top 3 reasons homeowners choose to refinance: 1. Take advantage of a lower interest rate. 2. Consolidate high interest debt. 3. Fund home renovations.... If you interested in exploring your options send us a message. We're here to help and our services are free.

Just a reminder how we are able to conduct business while keeping you and your family safe.

3 Reasons you should use a mortgage broker vs going to your bank: 1.Better Rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2.Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders. 3.Our services are free we are compensated by the le...nder. If you have questions about your mortgage or home financing options send us a message, we'd be happy to chat.

Renewing your mortgage is your chance to renegotiate everything relating to your mortgage with no penalties! It is important to get in touch and start conversations early so there is time to review your financial goals and determine if it makes more sense to switch your mortgage for a lower rate or even refinance to consolidate debt.

Nearly 1 in 5 Canadians ages 18-34 say the pandemic has accelerated their plans to purchase a home or investment property. (According to a survey conducted by Scotiabank) If you are one of those Canadians who have turned their living room into an office or dining room into a classroom and are looking for more space, send us a message. Rates are at record lows and we can provide you with a free consultation so you can shop in confidence.

Using a mortgage broker gives you access to lending options you cant get on your own. At Mortgage Alliance we deal with many lenders, from major banks to private lending. More choices with one simple call. Contact us for a free consultation.

Are you getting ready to buy your first home or move to your next home? The #1 thing you can do is get advice early. Talking with a mortgage professional will help you understand: What you can afford The downpayment you need Costs involved with buying a home... Improving your credit Prepayment options Refinancing penalties (if you decide to do so down the road) Budgeting and more! Send us a message today and let's start the conversation.

For some the answer is easy, while for others in a fixed-rate mortgage it can become a difficult and complex question when facing prepayment penalties. What we know for sure is that rates are at record lows. If you are unsure of whats best for you, reach out. Together we will run the numbers to see what makes sense for you.

If you currently own a home, now is the right time for a mortgage checkup to find out if you can save on interest costs and what steps you can take today to help you get closer to reaching your short- and long-term financial goals. Always remember that as Mortgage Professionals we're here to offer you unbiased advice and answer any questions you might have. Please dont hesitate to reach out.

Rates are low and can be locked in for 90 days. If you are thinking about buying a new home, contact us so you can be ready to make an offer.

With rates being low, and expected to stay for a while, now is a great time to unlock equity through refinancing or a home equity line of credit (HELOC). Refinancing allows you to access equity and possibly obtain a better interest term and rate. Where as a HELOC lets you keep the mortgage you are currently paying while getting access to a large sum of money. If you are interested in exploring the possibilities available to you send us a message for a free consultation.

We want to pay your mortgage! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact us for more details or click the link below. It pays to use the right broker!... https://www.mortgagealliance.com//MortgageAllianceWinYourM

Using a mortgage broker gives you access to lending options you cant get on your own. We deal with many lenders, from major banks to private lending options. When you are ready to renew, refinance or purchase your next home, contact us for a consultation.

Fixed or variable? How much of a down payment do you need? What is mortgage default insurance? Do you qualify for any first-time home buyer incentives? When it comes to securing your mortgage there are a lot of questions. That's where we come in. We'll help you navigate the process, present you with options, and ensure you get not only the best rate but the terms you need. Feel free to reach out with any questions, we're here to help.

With interest rates low, and expected to stay there, now is a great time to refinance to pay off high interest debt. Use this as an opportunity to streamline your finances and incorporate everything into one payment, your mortgage. Contact us for a free consultation.

To improve something, it is important to understand it! Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Click below to learn more. https://www.consumer.equifax.ca//what-impacts-credit-score/

Win your mortgage payments for a year! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact us for more details or visit: https://www.mortgagealliance.com//MortgageAllianceWinYourM

With all the information you have been hearing about interest rates and policy changes it makes sense to schedule a free mortgage check up. We will look at your current rate and term, discuss your plans and make sure your mortgage is right for you. Send us a message and we can start your mortgage check up today.

3 Reasons you should use a mortgage broker vs going to your bank: 1. Better rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender.

Are you a homeowner that can benefit from the current low rates? According to CIBC Economics, the weighted average mortgage rate currently paid by borrowers [is] roughly 50 basis points higher than the current rate no less than 20% of borrowers have already renegotiated their rates. We expect more to come. Contact us and we can do a cost/benefit analysis for you as well as look at other options.

CMHC recently announced that as of July 1 they will be tightening their underwriting guidelines which will have a huge impact on buying power for Canadians. In Canada we have 3 companies that provide mortgage insurance for those who need to buy with less than 20% down. CMHC is the most popular because they are government owned, but Genworth and Canada Guaranty announced they will not follow CMHC in tightening their policy. This is one more reason why it is so important to work with a mortgage broker who can give you options.

With the recent CMHC announcement about qualifying for a mortgage, and our ever-changing rate landscape, now more than even you should be working with a Mortgage Broker. We deal with multiple lenders and flexible terms. As we have all seen over the past few weeks life changes, your mortgage needs to adapt with you. Contact us for a free, unbiased, consultation.

We work for you! As a mortgage brokers we shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies.

Getting in touch before renewing will simply help you make a better decision, especially since the current rate environment is very confusing. Its important to have the conversation early so there is time to review your financial goals, determine if it makes sense to switch your mortgage for a lower rate, or possibly refinance to consolidate debt. Overall, its an important moment of opportunity because you can renegotiate everything pertaining to your mortgage with no penalties.

Should you break your fixed rate mortgage to save money? Every situation and mortgage agreement is different. Contact us and we can review your situation to see if the cost to break your mortgage is worth the savings over time.

Are you renewing this year, planning to buy or looking to unlock equity? The pandemic might have thrown a wrench in your plans and you are uncertain about your options. Reach out for free, honest, unbiased advice.

We're here to help! Thanks to technology we are still able to connect, answer your questions and complete transactions whether you are buying, refinancing, or renewing your mortgage.

Even in uncertain times its important to look ahead to the future. Here are 4 ways first-time buyers can get assistance to help achieve their goals of home ownership.

During these difficult times it is important for purchasers to know that we are seeing delays in all aspects of the mortgage loan process from application to appraisals. What we want you to know is that this situation is new to all of us, brokers and lenders are working diligently to meet the needs of Canadian Mortgage Consumers. As a reminder, the following options may be available to assist homeowners during these times. Deferral of payments Re-amortization of the loan... Capitalization of outstanding interest & costs Special payment arrangements See more

Buying Power! The Stress Test changes coming into effect this April will give buyers access to about 5% more buying power. Its more important now than ever to use a broker not only to get unbiased advice but also access to the best rates.

Top 4 tips for saving a down payment!

Due to the recent Stress Test changes we can expect a spike in the spring market. Experts are saying we could see anything from an increase of house prices to interest rates rising. What we know for sure is that come April 6th, what buyers qualify for will be more in line with what they can afford finally! If you are thinking about buying this spring, the best thing you can do today is secure your rate! A rate hold is generally good for 120 days so that means you can secure the lowest rate available to you today and if rates rise you will be protected, if they drop you can still take advantage of a lower rate.

We are well into 2020 and all signs are looking positive for Canadians and their home ownership aspirations. While home prices havent appreciated in 2019 to the same extent as in previous years, Canadian Mortgage and Housing Corporation (CMHC) is predicting that the bounce back is expected to play out quicker than whats been anticipated on the sales front. While more sales are expected, an increase in activity and prices usually follow, thats why it might just make sense... to act now and see what you could qualify for if youre a first time home buyer or if youre thinking of moving up to the next home. Did you know that it might be possible to move up to a bigger home or your dream home without increasing your monthly payment significantly, especially if you have built some equity in your current home or have paid down your mortgage over the last few years? It is even possible to move without having to pay penalties on your existing mortgage. Together we can find out whats possible for you. February is typically one of the best months to get pre-approved. Rates are low and those rates can be locked in for 90 days meaning if you decide to buy and interest rates move upwards, youre protected. So if you or someone you know is thinking of getting a mortgage pre-approval, contact me for a free pre-approval.

If you want to get in the market but feel like it's impossible, lets talk. I will review your current financial situation and set you on a plan to homeownership.

Talk to me about smart financial solutions including a unique and ultra-competitive free cash back credit card that offers 5% Cash Back on home improvement purchases*. Send me a message for more information or to apply. *Some conditions apply.

If you own a home with reasonable equity in it you may be surprised to find out you can unlock that equity to reinvest. Just ask how.

This is great news if you are looking to renew, refinance or purchase a home in 2020! Remember, if you are thinking of buying get a rate hold. This way you can always ensure you are getting the best possible rate available to you. https://www.livabl.com///canadian-mortgage-rates-2020.html

Start the New Year off right with a free mortgage check up. We can take a look at your current mortgage to see if there are ways you can save, or we can help you plan your next move.

Are you a first-time homebuyer having trouble saving your down payment? A flex down payment might be the right solution for you. This allows first-time buyers to borrow the necessary funds to use as their down payment.

These are the kitchen cabinet trends to watch was we roll into 2020. PS. You can incorporate your reno costs into your mortgage, just ask how! https://www.hgtv.ca///kitchen-cabinet-trends-2020-1933926/

Take a look at these 10 renovation projects that will make an impact on your home. PS. You can incorporate your reno costs into your mortgage, just ask how! https://www.hgtv.ca//bathroom-and-kitchen-renovation-proj/

47% of all homebuyers last year were first-time homebuyers. Lets discuss how you can create a first-time homebuyers plan for 2020 and start your journey to home ownership. *Source CMHC 2019 Consumer Survey

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