Mortgage Intelligence South Western Ontario
171 Wellington Street N6B2K9 London, ON, Canada

Meanwhile some great,beautiful pictures from NorthWest Ontario !!

The Bank of Canada announced today that it will continue to hold the overnight rate steady. Get in touch if you need a mortgage or for a review of your mortgage strategy and a professional assessment of your situation. We can also discuss the potential benefits of switching your mortgage for a lower rate or refinancing for debt consolidation, renovations, or other large expenditures.

Budgeting may seem like a chore and suggest that you have to live with restrictions, but it’s an important process to make sure you live within your means and help you balance your needs and wants. Your budget gives you a plan to get the most out of your income and ensures you don’t overspend and get lost in debt. The benefits can be significant in the long run. Creating and maintaining a budget is not that difficult... sometimes it’s just a matter of getting started! Check out this easy to use Budget Planner: https://itools-ioutils.fcac-acfc.gc.ca/BP-PB/budget-planner

Rent doesn’t have to be money out the window: it could be building you equity in your own home! Take a look at how much mortgage your current monthly rent could cover. Keep in mind that home ownership involves costs beyond the mortgage payment, like utility bills, insurance, and property taxes. Get in touch and I'll help you determine what you can comfortably afford.

Spring is in the air!

Mortgage rates are very complex, which causes confusion and questions. Will fixed rates keep rising? When will the Bank of Canada start increasing the overnight rate, which can cause variable rates to rise? Why are all online posted rates for insured mortgages while few people can get that rate? Why are there rate premiums for certain situations? What rate do you actually qualify for, and why can it be so different from what your neighbour got? The best answer is to get professional advice. To navigate the complexity and better understand rates and what you qualify for, get in touch.

It’s frustrating that mortgages are always advertised based on rate, especially since cheapest is not always best and, as they say: "the devil is in the details". Once you read the fine print, you may find you don’t qualify for that rate, and often there are restrictions and fees that could cost you in the long run. Important mortgage privileges those that can save you money and give you flexibility don’t fit in a rate ad... but they're key in building you the right mortgage matched to your needs and goals. If you're seeing low online rates, do all of the research you can, but be sure to get in touch to discuss!

Images from 1928 poatcards

"Instead of rushing to complete your dream renovation, it’s important to prioritize taking on those tasks that will be good for the overall health of your home." Great advice! Make a list of renovation 'needs' and 'wants' and go from there. http://ow.ly/CtOt50DpAJV

Team zoom meeting with Jessica Fitzpatrick @Wealthline. Great to see everyone. Specifically someone who is in Mexico while she was able to attend this meeting as well.