Best Mortgage Loans Inc.
949 Garth St. L9C 4L3 Hamilton, ON, Canada

UPDATEHere are the 5 local charities that were selected by our winners to receive a $100 donation in their names; - Ronald McDonald House Charities South Central Ontario @rmhcsco - The Children’s Aid Society of Hamilton @hamiltonchildrensaid - City Kidz (Hamilton) @citykidz ... - McMaster Children’s Hospital Foundation @mcmasterchildrens - Hamilton Food Share @hamiltonfoodshare ... and since it’s #GivingTuesday what better way to give back, than to DOUBLE the donation to each charity! 2 @bestmortgageloans we are proud to support all of these charities and the amazing work they do for our community! #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #GivingTuesday #5Years #HamOnt #Community #Support #SmallBusiness #Local #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker

Thanks to everyone who participated in our 5 year giveaway! The names have been randomly drawn (check out our stories ) and the 5 lucky winners have been selected! Congratulations to @aleeesha_ , @rstoklosa , @amandagolden, @sabrina.troisi , and @aribbins! Check your DM’s for more details on how to claim your prize and choose your charity! ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #5Years #HamOnt #Community #Support #SmallBusiness #Local #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

5 Years! 5 Giveaways! 5 Charities! There’s nothing better than a full belly and a full heart! ... Which is why we want to celebrate 5 years in business by rewarding you with a great meal, while giving back to the local community in these trying times. Here’s what’s up for grabs:... 1 of 5 - $100 gift cards to the following Hamilton restaurants: - Shakespeare's - Fore Stagione - The Burnt Tongue - Earth to Table: Bread Bar - The Mule In addition to the gift card, each winner will get to choose a local Hamilton charity to receive a $100 donation in their name. How to enter: 1. Like this post 2. Follow: @bestmortgageloans or like us on Facebook: facebook.com/bestmortgageloansinc 3. Share: this post on your feed or stories 4. Tag: friends or family for extra entries Winners will be announced on November 27th, 2020. Good luck! #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #5Years #HamOnt #Community #Support #SmallBusiness #Local #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker

The only thing better than helping new clients with their financing... is helping existing clients! Thanks AGAIN for trusting us with your mortgage! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Refinance #RepeatClients #ClosingDay #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

To those who sacrificed their lives for our freedoms; We remember. #RemembranceDay #LestWeForget

Re-fi-nance verb Finance again, typically with a new loan at a lower rate of interest. There are plenty of reasons to refinance your property... renovations, major purchase, education, buyouts, debt consolidation, better interest rate, etc., but whatever the situation may be, we can help! ... For any mortgage related inquiries, contact @bestmortgageloans today. #BestMortgageLoans #MortgageBroker #Mortgage #Refinance #ClosingDay #ReasonsToRefi #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

From First-Time Buyer to Landlord in less than 5 years! Congratulations to these clients on the purchase of their new HOME, and 2nd property! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #Landlord #HamOnt #ClosingDay #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Purchases, Refinances, and Renewals, oh my!... Whatever the situation is, we can help! Here’s just a few of the properties we helped finance this week! For any mortgage related inquiries, contact @bestmortgageloans today.... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Purchases, Refinances, and Renewals, oh my!... Whatever the situation is, we can help! Heres just a few of the properties we helped finance this week! For any mortgage related inquiries, contact @bestmortgageloans today.... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Legal. Duplex... Do we need to say more?! 2 Congratulations to these clients on the purchase of their 4th investment property! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Rental #InvestmentProperty #ClosingDay #HamOnt #Duplex #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker @ Hamilton, Ontario See more

Curious to know what you would qualify for? Contact us today!

Purchased their first home, and got engaged all in the same week! ... Does it get any better?! Congratulations to this lovely couple! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #HamOnt #TrustTheProcess #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

C L O S I N G D A Y! Congratulations to these First Time Home Buyers who we started working with pre-COVID . Even through the uncertain times they stayed committed to the process, and we were able to find a mortgage solution that was right for them! For any mortgage related inquiries, contact @bestmortgageloans today.... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #HamOnt #TrustTheProcess #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

A huge shoutout to a few of our own; Sara Squeo, Jeff Teed , Mortgage Consultant, and Scott Conte for receiving the President and Executive Club Award! The Veris Awards recognize outstanding achievement and celebrates top-performing agents/brokers within the Verico network! Keep up the great work! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Verico #VerisAwards #PresidentsClub #ExecutiveClub #TeamWork #HamOnt #YouBetterRecognize #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

https://financialpost.com//55f9012d-9b97-4f25-a429-133a04/

One more time for the borrowers in the back ... refinancing on renewal is a great time to access the equity in your property without having to break the mortgage and/or pay a penalty! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #RefiOnRenewal #ClosingDay #RepeatClient #HamOnt #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

CMHC has collaborated with the City of Toronto to create an impactful initiative to assist people experiencing homelessness in Canadas largest city.

These clients had their offer accepted on March 7th .... 10 days later a State Of Emergency was declared in Ontario Not exactly how they planned to purchase their first home, but all things considered it was a very smooth process ... and what a story to tell the grandkids one day! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #PandemicPurchase #ClosingDay #FirstTimeBuyers #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Its Closing Day for this independent and hard-working client! Thanks for the continued trust and support! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #ClosingDay #RepeatClient #Independent #HardWorking #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker @ Hamilton, Ontario See more

If youre considering refinancing, the most opportune time is when your current mortgage is coming due for renewal That is exactly what these clients did... and not only did they avoid the penalty by closing on the maturity date, but we also were able to secure a better rate than their existing lender! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Refinance #RefiOnRenewal #RepeatClients #MaturityDate #ClosingDay #InterestRate #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

We have 3 mortgage insurers in Canada and 2 of the 3 are not following suit of tightening their underwriting guidelines. Usually when CMHC makes a change Genwo...rth and Canada Guaranty follow. This is not the case because the change was not made by the Minister of Finance but rather CMHC themselves. This is one more example of why it is so important to work with a trusted mortgage professional who can provide you with the unbiased advice you need.

Breaking Effective July 1st, Canada Mortgage & Housing Corporation (aka CMHC) has announced the following changes for new applications. * Limiting the Gross/Total Debt Servicing (GDS/TDS) ratios to our standard requirements of 35/42. (In our opinion this rule will have the biggest impact, and will reduce the purchasing power for any borrower(s) with less than a 20% down payment by approximately 11%). * Minimum credit score of 680 for at least one borrower. (A 680+ score... is the equivalent to an excellent credit/repayment history). * Non-traditional sources of down payment (I.e borrowed funds) that increase indebtedness will no longer be accepted as a source of down payment. (Note: gifted funds will still be an acceptable form of down payment). Heres the link to the full announcement - https://www.cmhc-schl.gc.ca//cmhc-reviews-underwriting-cri For any mortgage related inquiries, contact @bestmortgageloans today. #BestMortgageLoans #MortgageBroker #Mortgage #CMHC #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker

Congratulations to this savvy investor on the purchase of this fully renovated, legal triplex in St. Catharines! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #InvestmentProperty #TriPlex #RentalIncome #StKitts #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker @ St. Catharines See more

The qualifying mortgage rate ( aka the #stresstest ) has dropped to 4.94%, which slightly increases the purchasing power for most buyers This is the first time since January 2018, when stress testing began, the mortgage qualifying rate is under 5%. For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #QualifyingRate #StressTest #PurchasingPower #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

CMHC predicts tough times ahead if our economy has not recovered sufficiently" Among those predictions, CMHC CEO Evan Siddall said: - Home prices could fall from their peak by 9% to 18% over the next year... - Mortgage arrears could top 20% - Mortgage deferrals could jump to 20% from 12% by September - The debt-to-disposable income ratio will soar from the current 176% to 230% through 2021 - And he hinted at a policy change of raising the minimum down payment to 10% from 5%, saying it would offer more of a cushion against possible losses https://www.canadianmortgagetrends.com//cmhcs-siddall-del/

These existing clients contacted us to help with their upcoming mortgage renewal ... After reviewing their current situation and providing a few different options, we were able to come up with a mortgage plan that made financial sense for them! For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #ExistingClient #Renewal #Refinance #SocialDistancing #RemoteSigning #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Happy Closing Day to these First-Time Buyers! Thanks for trusting us with the biggest purchase/investment of your lives. For any mortgage related inquiries, contact @bestmortgageloans today! ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Investment #FirstTimeBuyers #ClosingDay #Referral #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

@bestmortgageloans we continue to stay committed and focused on helping all of our clients with their specific mortgage needs during these uncertain financial times. Whether its a purchase, refinance, or renewal we are here to assist with the financing in anyway possible. Heres just a few of the properties we helped finance last month For any mortgage related inquiries, contact @bestmortgageloans today. ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #Committed #Focused #Clients #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker @ Best Mortgage Loans Inc. See more

https://business.financialpost.com//breaking-bank-of-canad

Mortgage Relief Programs If you are directly impacted by COVID-19 and as a result are facing financial challenges because of illness, pay disruption, or childcare disruption due to school closures, then it's important to know that all lenders; Big Banks, Monoline Lenders and Credit Unions have programs available to defer your mortgage payments for a period of time. This applies to High Ratio Insured mortgages (less than 20% down or 20% equity) and Conventional Mortgages. N...OTE: this does NOT mean the government makes the mortgage payment(s) on your behalf. The amortization is simply extended by the number of months you have deferred, and interest will continue to be accrued while you are not making payment(s). Each request will be on a case-by-case basis, so please reach out to your lenders directly. You also may not receive an answer right away. As each case is different, it may take 1-3 business days for a response. Lender Contact Information: ATB Financial 1-800-332-8383 B2B 1-800 263 8349 or [email protected] BMO Financial Group 1-877-895-3278 Bridgewater Bank 1-866-243-4301 CIBC 1-800-465-2422 CMLS Financial 1-888-995-2657 or [email protected] Optimum 1-866-441-3775 or [email protected] Equitable 1-866-407-0004 or [email protected] Connect First 403-520-8000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National Financial LP 1-888-488-0794 or [email protected] Haventree Bank 1-855-272-0051 HomeEquity Bank 1-866-331-2447 or [email protected] Home Trust Company 1-855-270-3630 or [email protected] HSBC 1-888-310-4722 ICICI Bank 1-866-726-0825 or [email protected] Manulife 1-866-677-4366 or [email protected] MCAP 1-800-265-2624 MERIX Financial 1-877-637-4914 or [email protected] Marathon 1-855-503-6060 National Bank 1-888-835-6281 RBC 1-866-809-5800 RFA (formerly Street Capital) 1-877-416-7873 or [email protected] RMG 1-866-809-5800 or [email protected] Scotiabank 1-800-472-6842 Servus Credit Union 1-877-378-8728 TD 1-866-222-3456 Phone lines are currently very busy, so expect to wait. While you wait, we encourage you to review the Government of Canada website for updated information about financial or business aid. Many representatives will ask if you have reviewed this information: https://www.canada.ca//d/coronavirus-disease-covid-19.html Sincerely, Your BMLI Team

COVID-19 Update ... #BestMortgageLoans #MortgageBroker #Mortgage #COVID19 #Clients #BusinessPartners #Community #HamOnt #Canada #GlobalEconomy #GoodHealth #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Nobody should have to worry about their mortgage because of financial impacts of COVID-19. Please contact your mortgage professional if you need advice on mortgage payment difficulties. Find out more: http://ow.ly/1YM050yLL2P

The Bank of Canada has reduced the overnight rate by an additional 0.50%. The quick response is due to the ongoing spread of the Coronavirus and low oil prices, which have had a severe impact on the markets and the global economy. "It is clear that the spread of the coronavirus is having serious consequences for Canadian families, and for Canadas economy. In addition, lower prices for oil, even since our last scheduled rate decision on March 4, will weigh heavily on the economy, particularly in energy intensive regions." https://www.bankofcanada.ca//bank-of-canada-lowers-overni/

BREAKING The Bank of Canada has reduced the overnight rate by 0.50%. The move stems from growing coronavirus fears which have had an impact on the markets, and the global economy. Before the outbreak, the global economy was showing signs of stabilizing. However, COVID-19 represents a significant health threat to people in a growing number of countries. In consequence, business activity in some regions has fallen sharply and supply chains have been disrupted. This has... pulled down commodity prices and the Canadian dollar has depreciated. Global markets are reacting to the spread of the virus by repricing risk across a broad set of assets, making financial conditions less accommodative. It is likely that as the virus spreads, business and consumer confidence will deteriorate, further depressing activity. The rate cut should have a direct impact for borrowers with variable rate mortgages and/or Secured Lines of Credit, if financial institutions follow suit. For any mortgage related inquiries, contact @bestmortgageloans today! #BestMortgageLoans #MortgageBroker #Mortgage #BankOfCanada #InterestRateAnnouncement #RateCut #Coronavirus #Canada #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Yesterday, Minister of Finance, Bill Morneau, announced changes to the benchmark rate used to determine the minimum qualifying rate for insured mortgages, also known as the stress test. The new benchmark rate will be the weekly median 5-year fixed insured mortgage rate from mortgage insurance applications, plus a two percent (2%) buffer. The change will take effect April 6th, 2020, but if implemented today the qualifying rate would equal 4.89%, compared to the curr...ent 5.19%. Although this is a positive change for potential borrowers We do, however, still consider a two percent (2%) buffer to be an onerous test level given the economic realities globally Paul Taylor, President and CEO of Mortgage Professionals Canada. Taylor said the association will continue to ask for additional support measures for those still struggling to pass the stress test. Using the 4.89% for qualifying rate, this will increase the purchasing power for insured borrowers by approximately 5%. For example, someone who qualified for a $500K mortgage yesterday will qualify for approximately $525K in April. For any mortgage related inquiries, contact @bestmortgageloans today! #BestMortgageLoans #MortgageBroker #Mortgage #StressTest #InsuredMortgage #DepartmentOfFinance #PurchasingPower #Canada #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Growing up playing organized sports our teams relied on local sponsorships for ice time, tournaments, training, etc., so we we are more than happy to pay it forward by sponsoring the Mount Hamilton Blues! ... #BestMortgageLoans #MortgageBroker #Mortgage #Sponsorship #SupportLocal #PayItForward #Community #SupportLocal #HamOnt #MountHamiltonBlues #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Congrats to these clients clients on the purchase of their first rental property! With a little time, effort, and money, they will be renovating the upstairs and converting the basement into a legal unit to maximize the rental income potential. For any mortgage related inquiries, contact @bestmortgageloans today! ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Rental #Approved #StCatharines #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Christmas lunch with the @bestmortgageloans team! Looking forward to growing with this group and helping as many clients as possible with their mortgage needs and wants! ... #BestMortgageLoans #MortgageBroker #Mortgage #Team #ChristmasLunch #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Happy Closing Day to these First-Time Home Buyers! These clients ran into an unexpected issue with their initial mortgage approval ... thankfully they were referred to @bestmortgageloans and we were able to find a solution that made sense for the clients... at a better interest rate than previously offered! For any mortgage related inquiries, contact @bestmortgageloans today!... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #HamOnt #Referral #InterestRate #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Not a bad property for your first home! Being self-employed these clients were concerned they wouldnt qualify ... But after discussing their situation with @bestmortgageloans, we were able find a mortgage solution that was right for them! ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #HamOnt #SelfEmployed #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

We are proud to continue our support of @cas_hamilton1984! This year we are taking part in the Sponsorship Program which aims to provide gifts of clothing, toys, food, gift cards, etc. to families in need and youth living independently... With your help, we were able to sponsor 4 families and hopefully bring a little extra joy on Christmas morning. A portion of every mortgage funded through @bestmortgageloans goes to support local charities, so a special thanks to ...all of our clients! If you are interested in sponsoring a family or donating to the toy room program this holiday season, please visit www.hamiltoncas.com to learn more #BestMortgageLoans #MortgageBroker #Mortgage #CASHamilton #HamOnt #SupportLocal #GivingTuesday #Community #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

If you want a crash in a real estate market, feeding debt is exactly the way to make it happen, Im telling you. Im trying to preserve healthy markets, which you should want. - Evan Siddall, President and CEO of the Canada Mortgage and Housing Corporation

These clients had a tough decision to make; either sell their investment property or refinance the mortgage to recoup some renovation costs... Thankfully they were referred to @bestmortgageloans, and after reviewing their options we were able to find a mortgage solution that made financial sense! ... #BestMortgageLoans #MortgageBroker #Mortgage #InvestmentProperty #Refinance #Referral #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Move in day for for these guys! One of the best parts about my job is telling the client's they got the financing for their home. It's even better when you know them personally, couldn't be happier for my long time friends! #BrokerCompleteWithinAWeek #UnheardOf

Happy closing day to this amazing family! Congrats to these clients on the purchase of their forever home, its been a long time coming! ... #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #HamOnt #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more