Amir Houshangzadeh
30 Fulton Way, Unit 8 Suite 100

Most homeowners renew their mortgage with the same lender, no problem there except that more than half of homeowners renewed their mortgages without negotiating different terms. According to a mortgage consumer survey, lenders are betting on the fact that you won’t want to switch lenders, and therefore aren’t bending over backwards to try and keep you. That means that you can probably find better rates and/or more flexible terms elsewhere. Don’t feel like shopping around? C...all me to do the work for you. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans #_ #

When you are ready to buy a home, applying for a mortgage is one of the first and most important steps. For married couples, this usually involves applying for a mortgage loan jointly. This means that the loan will be in both of your names and you will be co-owners of the house. While it may seem like the obvious thing to do, there are a few situations when applying with only one name might be wise. Here are a few tips on joint mortgage applications. Is Your Credit Looking Go...od? If one of you has a poor credit rating, it could strongly affect your chances of qualifying for the loan and will definitely raise the interest rate even if you do qualify. If the person with poor credit does not make a large sum of money and their income is not required to qualify for the loan, it might make more sense not to apply jointly. A Financial Commitment When you apply for a home loan together, you are connecting yourselves financially in a major way. Joint mortgage loans aren't just for spouses; many life partners also purchase a home together. Just be certain that you are committed to the relationship before you sign mortgage papers. It can make things very complicated later if you don't. A joint mortgage is usually a good choice for any couple, because you can combine your income to get approved for a larger mortgage or a better rate. Just bear in mind that there are situations when you are better off keeping the loan in one name only, mainly for financial reasons. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans #_ #

Wishing everyone a happy Thanksgiving! (416) 688-2121... ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans #_ #

The first thing you should do is apply for a mortgage pre-approval. After all, if you find a home you like, you’ll want to move quickly. Being pre-approved helps you know how much you can afford to spend. You can get a good estimate of how much you can afford with a mortgage affordability calculator (check link in bio for mortgage calculator). However, the hard limit will always be how much the bank will approve you for, a mortgage pre-approval gives you that. How long does i...t take to get a mortgage pre-approval? It can be done within an hour if you have your documentation together. Get in touch with a mortgage broker near you to get started. Pre-approvals are usually good for 60, 90 or 120 days depending on the lender. Need more information? Don't hesitate to contact me. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans #_ #

TD-Bank became the first major Canadian lender to raise the fixed mortgage rates since March, reversing recent cuts after bond yields jumped over the past week on inflation expectations. TD Bank raised its Canadian five-year special fixed mortgage rate to 2.29%, according to its web site which was 1.99% earlier. The rate matches Bank of Nova Scotia's, according to data from RateHub.com, and compares with 2.19% at rivals Royal Bank of Canada and Bank of Montreal and 2.24% at C...anadian Imperial Bank of Commerce, according to their websites. Credits to: saltwire.com (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

The 5-year fixed rate mortgage is one of the most popular products in Canada, but it’s not the only game in town. If you like having the certainty of a fixed mortgage payment, then you want to keep that certainty for as long as possible. Generally speaking, the longer the mortgage term, the higher the interest rate, but if you expect interest rates to rise in the next several years which, rates being at a historical low, they almost certainly will then you may be willing ...to pay for that certainty. Terms exist for up to 25 years. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

Thank you Reza, it was a joy working with you as well . Are you looking for a mortgage broker who can deliver quality over quantity? Call me to see how I can help you out! ... (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans #testimonials #testimonial

Canada is planning to increase the maximum that can be borrowed on a high ratio mortgage. High ratio mortgages are those where the buyer puts less than 20% down on the purchase price. Currently, buyers are limited to home prices of less than $1 million. If the proposed changes go through, this will increase by 25% to $1.25 million. - ? A high-ratio mortgage is a loan that is above 80% and up to 95% of the purchase price or appraised value... of the home. Have questions about high-ratio mortgages? Call me for more information! Credits to . . . . (416) 688-2121 ------------------- . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

Along with home equity loans, you have probably heard about While they are very similar, there is one major difference. A home equity loan is basically like any other mortgage loan. You take out a loan for the value of the home, and then you pay it back. When you have paid it off, the agreement is over. of credit is a little different. It allows you to borrow money against the value of your home in much the same way, but after you... pay it off, you can borrow the same amount again. Think of it like a credit card; you have a certain amount of credit available, and when you pay off what you owe, you can charge more to the card. A home equity line of credit offers you an ongoing credit line available for any need you might have. Whichever option you choose, be careful not to borrow too high an amount. Pushing what you owe on your home back up to the market value can be dangerous. If there is a dip in the market, you could suddenly find yourself upside down on the home. If you have borrowed the money to make renovations, however, your improvements can make up some of that difference, building even more equity. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

A home is a big investment, and if you have a large mortgage, most of your net worth is tied up in one place. As any good financial planner will tell you, having all of your eggs in one basket isn’t a good long-term investment strategy; it’s the opposite of diversification. You shouldn’t assume that you’ll be able to sell your home and cash in whenever you want to. Housing markets are cyclical, and the ups and downs can take decades to weather.... If you want to buy a home, buy it because it fits into your overall long-term financial strategy, not because you want to retire in five years and need the income from the sale of your house. (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

RBC Royal Bank became the third Big 6 bank to lower its 5-year fixed mortgage rate over the weekend. The bank dropped its uninsured 5-year fixed rate by 25 basis points to 2.19% The move came days after similar cuts by CIBC and TD Bank last week.... On Friday, CIBC lowered its rates by 5 basis points, bringing its special-offer uninsured 5-year fixed rate to 2.39% and its 5-year variable rate to 1.35%. TD Bank was the 1st of the banks to lower its on Thursday. TD’s moves were more significant, lowering its rates by 45 bps. That brings its insured (high ratio) 5-year fixed to 1.89% (from 2.34%) and its uninsured 5-year fixed to 1.99% (from 2.44%). The moves follow a downtrend in bond yields in recent months. The 5-year bond yield has fallen from 1.01% in June/July to a range of between 0.80% and 0.90% since August. Bond yields typically lead fixed mortgage rates. Credits to: canadianmortgagetrends.com (416) 688-2121 ------------------- . . . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans

A reverse mortgage is a financial option available to seniors which allows them to free up some of the accumulated equity in their home. Sometimes called a lifetime mortgage, a reverse mortgage allows you to borrow against the equity in your home, which can be paid out either in one lump sum or in several payments over time. This amount does not have to be paid back to the lender during your lifetime provided you stay as a resident in your home and it remains your property.... That percentage of the value of your home which you have taken out now becomes the property of the lender, and will be returned to them after the sale of the home. . . . Amir Houshangzadeh Mortgage Agent (416) 688-2121 ------------------- . #mortgage #ontario #toronto #gta #homeownership #homebuyer #firsttimehomebuyer #selfemployed #mortgageagent #mortgageloan #torontomortgages #ontariomortgages #loans #mortgageapproval #heloc #getpreapproved #constructionloans #mortgagepayment #mortgagedeferral #smallbusinessfinance #smallbusinessloans See more

A worker is creator and a great asset to every nation. Happy Labour Day! .... . . . #labourday #labour #labirday #labor #happylabourday #happylaborday #longweekend #weekend #holiday #happyholiday #holidaycanada See more