Alyssa Kelly BMO Mortgage Specialist

Happy Friday! Have you heard about BMO’s Fall Cash Back offer?! Applicable for new mortgage applications entered by October 31 2021 For New Purchasers and Switch Customers Fixed or Variable Rate Closed Term Mortgage of 5 years or longer... Open a BMO Canadian Dollar Primary Chequing Account with a Practical, Plus, Performance, AIR MILES or Premium Plan and set up a Chequing Account as the funding account for the new Contact me today to lock in your rate and cash back! #halifax #halifaxnovascotia #dartmouth #darmtouthnovascotia #explorens #novascotia #realestate #mortgage #mortgagespecialist #customerservice #finance #financeadvice #firsttimehomebuyer #firsttimehomebuyers #firsttimebuyer #mortgagebrokers #mortgagerates #mortgagetips #mortgagebroker #mortgagelender #mortgageloans

It’s a H a p p y F r i d a y when you open an email from clients and read this Thank you and a big congratulations to these buyers! 902-441-4145... [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

More than just a house key! This could be the key to your H O M E I can help you with the many ‘keys’ to home ownership. From the pre-approval process, closing day, costs and a reliable 24/7 go-to contact, I am here to make your purchase as smooth and enjoyable as possible. ... 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Mortgage interest rates are a topic of conversation right now and for good reason! Clients want the best and lowest interest rate, which as bankers we understand and appreciate. However, your interest rate can vary depending on a few factors and preferences. ... Fixed VS. Variable A fixed rate mortgage means that the interest rate will remain the same until the term of the mortgage is complete, leading to a consistent monthly payment no surprises! A variable rate mortgage means that the interest rate will fluctuate throughout the term of the mortgage causing your payment to fluctuate. Choosing fixed or variable comes down to your comfort level with a varying payment. The pro of choosing variable is that when rates are low, you are saving interest. If you chose a variable rate and start to notice rates are increasing, you have the option of locking into a fixed rate for the remainder of the term. Closed VS. Open An open mortgage is such that you have flexible options to increase your mortgage payments and/or make a lump sum payment to your mortgage without a penalty. A closed mortgage is such that you have limits for increasing your payments and/or limits how much of a lump sum payment you can put on your mortgage balance every calendar year. A closed mortgage will generally offer a lower rate than an open mortgage. An open mortgage would be ideal for a client who is expecting to receive additional funds to pay off their mortgage (inheritance, proceeds from a sale of a home, gift, increase in salary, etc.) Default Insured VS. Conventional Based on your down payment decision, this will determine whether you have a default insured mortgage (less than 20%) or a conventional mortgage (more than 20%). Typically, default insured mortgages have slightly lower interest rates than conventional mortgages. Don’t let the above overwhelm you, when you work with me we’ll find the right mortgage type and therefore best rate for you! Contact me today to lock in your rate for 130 days with a BMO pre-approval. 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Hello 2 0 2 1 Does ‘new year, new financial goals’ spark anything for you? I’m here to help you attain your home ownership goals! Let’s talk Down Payment. Have you thought about how much money you’ll put on your mortgage? ... Conventional mortgages require a minimum of 20% of your purchase price. Default insured mortgages require a minimum of 5% & an insurance fee gets added onto your overall loan, over the entire life of your mortgage (also known as amortization) Sometimes, default insured mortgages are adversely looked upon - this should not be the case! There are pros and cons to both conventional and default insured mortgages - they should be considered on a client by client basis as each scenario is unique. Contact me today to discuss any questions you may have to get organized & prepared for your purchase! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

about 2 0 2 1 l i k e To say I’m looking forward and excited for the new year would be an understatement. I know you all agree! What I’m most excited for professionally, is to help clients achieve their home owning goals and dreams... I wish you a very happy & safe Holiday season! Cheers to 2021 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

As the Official Bank of the Canadian Defence Community, we’re proud to participate in this year’s Operation Santa Claus with Canadian Forces Morale and Welfare ...Services. Send a personalized message to let deployed troops who are away from loved ones during the holiday season know that we are thinking of them or consider a donation to Support Our Troops. http://spr.ly/6186HO3ZI See more

This family got the keys to their new home. Swipe to hear about their mortgage experience at BMO. These comments are what its all about for me! 902-441-4145... [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Happy Monday! When planning for your upcoming purchase, it’s important to be aware of the costs involved. It may sound overwhelming however you’ll thank yourself in the end by planning and organizing your finances in advance! DOWN PAYMENT... Minimum 5% of the purchase price required to be paid upon closing of your home If you decide to put less than 20% down, we engage with CMHC* - Canada Mortgage and Housing Corporation DEPOSIT Different than your down payment, some purchase agreements will require a deposit to be paid with your accepted offer Don’t worry, the deposit will go towards your down payment LEGAL FEES You will need to work with a lawyer to facilitate the transaction by reviewing documents to assist in taking ownership of the property Your lawyer will ensure the title (property) is fee of liens, debts, mortgages, etc - you don’t want to buy a home with title defects! CLOSING COSTS Also known as Deed Transfer Tax, this fee is 1.5% of the purchase price due upon closing HOUSE INSPECTION Not required but highly recommended before taking possession of your property to uncover potential headaches for down the road (and money savers!) Once you have successfully closed on your new property, you will encounter the following costs monthly/bi-weekly/semi-monthly*, etc. Principal & Interest Payment Mortgage Insurance* Property Taxes Condo Fees - if applicable And last but not least, the many other expenses - moving, storage, home decor, furniture, etc. That’s a whole other story! *STAY TUNED FOR MORE* Contact me today to discuss any questions you may have to get organized & prepared for your purchase! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Writing a pre-approval for a client l i k e But seriously, the Halifax real estate market is absolutely insane to say the least! That being said, a mortgage pre-approval is more critical than ever. Having a pre-approval in place allows buyers to feel empowered to make a timely offer while also feeling comfortable with their finances You may ask, what type of information is required for a pre-approval mortgage application? Here you are: ... PERSONAL INFORMATION ID, Current Address, DOB, SIN EMPLOYMENT & INCOME Time on job, Salary, Commission or Hourly ASSETS Property, Cars, Cash & Investments LIABILITIES Rent, Loans, Line of Credit & Credit Cards Contact me today to discuss getting your pre-approval in place with our 130-day rate guarantee! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate