Debbie Belair
150 Isabella St # 110 K1S 1V7 Ottawa, ON, Canada

The beauty of using a Mortgage Broker, is we carry most of the burden of moving your mortgage file from one step to the next. That said, we recently had a client ask so many questions about each step of her mortgage that we were inspired to share the nitty gritty, all the details that took her mortgage from her initial application, to finally funding a few months later. The beauty of the process with this specific client, is that she really got a transparent view of everything the brokerage, the lawyer and the lender does to bring her dream home into reality. Have a look for yourself and let's get started! https://www.debbiebelair.com/index.php/mortgage-application

There are many steps involved in funding your dream home and I'm here to hold your hand (virtually of course) through each of them. Understand how your mortgage goes from your initial online application to funded. NEW BLOG:

1934 Sears Catalogue Home. Should I put my order in?

As expected, the Bank of Canada announced today that it is keeping the overnight rate steady at 0.25%. It is expected the Bank will keep this target unchanged until well into 2023 to aid Canada's economic recovery. With this stable, low interest environment it’s never been a better time for qualifying homeowners to refinance to consolidate debt to improve cash flow, save interest costs and protect their credit scores. Get in touch any time for advice and a personal assessment of your situation if you need a new mortgage or want to change your current mortgage strategy.

Turkey dinner didn't look the same this year, but my grand nephews kept things exciting! Happy Thanksgiving

What a summer! Take a break this long weekend and enjoy the ride. #labourday

I sent this to my father this morning. He's a grandparent, a parent and he has alot of love to give. Which makes him the perfect target for this awful way scammers are taking advantage of our aging population. Protect yourself, protect your loved ones and be a skeptic. Catch the scam:

Bye bye covid curls!

This one's for the First Time Home-Buyers: House prices in Ottawa-Gatineau are up 15% compared to this time last year. Get your mortgage pre-approval sooner than later. Let's connect!

He's my roommate, my car washer and Harry's best friend. Happy Father's Day and sending love to those needing an extra hug today. Ray is available for rent anytime .

Ottawa housing prices are rising faster than what many can build savings for. Mortgages are possible with less than 20% down payments because insurers like Genworth Canada serve you while protecting the mortgage lender/bank. Inform yourself with all your options, a short video: https://www.youtube.com/watch?v=Riv7hDiqsI4

Canada Guaranty deconstructs the homeownership process: Why you need to become familiar with your household finances What you can comfortably afford How financial stability and responsible credit management are critical to qualifying for a mortgage Who has the industry knowledge and experience to help you make the right decisions... Where to find the necessary resources and solutions available to support your unique homeownership goals When to take the next steps throughout the home buying process For more bite-sized concepts download the FIRST TIME HOME BUYERS WORKBOOK: https://www.canadaguaranty.ca/firsttimehomebuyersworkbook

Health experts warn this pandemic may not have the finale we were hoping but Rob Carrick made one of his own. Review his checklist, how many points have you done? There's still time to get a 10/10.

Buyers who can't comply with these new restrictions still have options IF they shop around. Reason #4971 to have a mortgage broker: We do the shopping for you! FYI CMHC is acting alone to try and cool down the housing market. How are they doing this? By making it more difficult to qualify for financing. Here's how:... Down Payment Restrictions: You can't use a bank loan or line of credit any longer. Increased Credit Scrutiny: They increased the credit score requirement to a minimum beacon score of 680. Limits on Gross/Total Debt Servicing: They reduced the GDS and TDS qualifying rates. This could mean up to a 13% reduction in your buying power. Happy to help, let's discuss!

Why would he jump in alone? Because he can. Why would CMHC jump in alone? Usually they wouldn't have to. But if Covid-19 has taught us anything, these are unusual times. In an effort to cool down Canada's housing prices, effective on July 1st, CMHC is making it more difficult to qualify for a mortgage. How does this affect you? Borrowers will have to swim a little faster to get to the finish line, if they want to qualify with CMHC. ... The GOOD NEWS: There are 2 other insurers, GenWorth and Canada Guaranty. Lucky for you, this may be the first time in history where Canada's mortgage insurers aren't aligned. Phew. Back to the pool with some light reading: https://www.debbiebelair.com/inde/why-use-a-mortgage-broker

Ottawa isn't experiencing the same slump as most cities across Canada. # of resales is down 55% compared to April 2019 but AVERAGE SALE PRICE IS UP! For condos too. See for yourself:

Could I lose my home if I file for bankruptcy? Typically, no. If we talk sooner than later, there may be other solutions I can offer. May is Mental Health Month. Don't stress about finances anymore than you need to. Common questions answered in this quick read. #refinance #bankruptcy #mentalhealth #homeownership

Unfortunately fraud is on the rise. Protect yourself from Title Theft, Identity Theft and Foreclosure Rescue Scams. More tips from Candice on our blog: https://www.debbiebelair.com//fraud-prevention-to-safeguar