BNB Financial Group

From our BNB Financial Group family to yours, we would like wish our clients, business partners, friends and family a Merry Christmas. Thank you for all of your support in 2020!

A lot has gone on this year in the mortgage market. We have had everything from rate drops to deferrals to restrictions come at us and your personal situation may have changed. As the year comes to an end, if you have not made time for your annual mortgage check-up, now is the time! Send us a message and we can review your situation, free of charge, to ensure you are getting the mortgage that’s right for you.

To best meet your needs, mortgage brokers like us, have a wide array of products to choose from banks, private sources, independent lenders, etc. If you are in the mortgage market, send us a message. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Click below for more details about factors that impact your credit score. https://www.consumer.equifax.ca//what-impacts-credit-sco/

3 Reasons you should use a mortgage broker vs going to your bank: 1.Better Rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2.Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders. 3.Our services are free we are compensated by the le...nder. If you have questions about your mortgage or home financing options send us a message, we'd be happy to chat.

Renewing your mortgage is your chance to renegotiate everything relating to your mortgage with no penalties! It is important to get in touch and start conversations early so there is time to review your financial goals and determine if it makes more sense to switch your mortgage for a lower rate or even refinance to consolidate debt.

Nearly 1 in 5 Canadians ages 18-34 say the pandemic has accelerated their plans to purchase a home or investment property. (According to a survey conducted by Scotiabank) If you are one of those Canadians who have turned their living room into an office or dining room into a classroom and are looking for more space, send us a message. Rates are at record lows and we can provide you with a free consultation so you can shop in confidence.

If you currently own a home, now is the right time for a mortgage checkup to find out if you can save on interest costs and what steps you can take today to help you get closer to reaching your short- and long-term financial goals. Always remember that as Mortgage Professionals were here to offer you unbiased advice and answer any questions you might have. Please dont hesitate to reach out.

Rates are low and can be locked in for 90 days. If you are thinking about buying a new home, contact us so you can be ready to make an offer.

With rates being low, and expected to stay for a while, now is a great time to unlock equity through refinancing or a home equity line of credit (HELOC). Refinancing allows you to access equity and possibly obtain a better interest term and rate. Where as a HELOC lets you keep the mortgage you are currently paying while getting access to a large sum of money. If you are interested in exploring the possibilities available to you send us a message for a free consultation.

We want to pay your mortgage! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact us for more details or click the link below. It pays to use the right broker!... https://www.mortgagealliance.com//MortgageAllianceWinYourM

Using a mortgage broker gives you access to lending options you cant get on your own. We deal with many lenders, from major banks to private lending options. When you are ready to renew, refinance or purchase your next home, contact us for a consultation.

Fixed or variable? How much of a down payment do you need? What is mortgage default insurance? Do you qualify for any first-time home buyer incentives? When it comes to securing your mortgage there are a lot of questions. Thats where we come in. Well help you navigate the process, present you with options, and ensure you get not only the best rate but the terms you need. Feel free to reach out with any questions, were here to help.

With interest rates low, and expected to stay there, now is a great time to refinance to pay off high interest debt. Use this as an opportunity to streamline your finances and incorporate everything into one payment, your mortgage. Contact us for a free consultation.

Please take a moment to welcome Jennifer Ruddock to the BNB Financial Group Team! Jennifer is an award winning mortgage professional with more than 12 years of experience in the residential mortgage industry in the London and surrounding area. She specializes in financial coaching, mortgage advice and mortgage planning. If you are looking to review your home buying, building or renovating options or if you are looking to refinance or renew your mortgages, Jennifer creates the... perfect solution for your family. Jennifer takes great pride in offering her clients the following: Professional and free consultations On the spot mortgage preapproval Tailored mortgage solutions A1 client experience and customer service Call Jennifer today!!

To improve something, it is important to understand it! Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Click below to learn more. https://www.consumer.equifax.ca//what-impacts-credit-score/

Win your mortgage payments for a year! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact us for more details or visit: https://www.mortgagealliance.com//MortgageAllianceWinYourM

With all the information you have been hearing about interest rates and policy changes it makes sense to schedule a free mortgage check up. We will look at your current rate and term, discuss your plans and make sure your mortgage is right for you. Send us a message and we can start your mortgage check up today.

3 Reasons you should use a mortgage broker vs going to your bank: 1. Better rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender.

Are you a homeowner that can benefit from the current low rates? According to CIBC Economics, the weighted average mortgage rate currently paid by borrowers [is] roughly 50 basis points higher than the current rate no less than 20% of borrowers have already renegotiated their rates. We expect more to come. Contact us and we can do a cost/benefit analysis for you as well as look at other options.

CMHC recently announced that as of July 1 they will be tightening their underwriting guidelines which will have a huge impact on buying power for Canadians. In Canada we have 3 companies that provide mortgage insurance for those who need to buy with less than 20% down. CMHC is the most popular because they are government owned, but Genworth and Canada Guaranty announced they will not follow CMHC in tightening their policy. This is one more reason why it is so important to work with a mortgage broker who can give you options.

With the recent CMHC announcement about qualifying for a mortgage, and our ever-changing rate landscape, now more than even you should be working with a Mortgage Broker. We deal with multiple lenders and flexible terms. As we have all seen over the past few weeks life changes, your mortgage needs to adapt with you. Contact us for a free, unbiased, consultation.

We work for you! As a mortgage brokers we shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies.

Getting in touch before renewing will simply help you make a better decision, especially since the current rate environment is very confusing. Its important to have the conversation early so there is time to review your financial goals, determine if it makes sense to switch your mortgage for a lower rate, or possibly refinance to consolidate debt. Overall, its an important moment of opportunity because you can renegotiate everything pertaining to your mortgage with no penalties.

Should you break your fixed rate mortgage to save money? Every situation and mortgage agreement is different. Contact us and we can review your situation to see if the cost to break your mortgage is worth the savings over time.

Are you renewing this year, planning to buy or looking to unlock equity? The pandemic might have thrown a wrench in your plans and you are uncertain about your options. Reach out for free, honest, unbiased advice.

Were here to help! Thanks to technology we are still able to connect, answer your questions and complete transactions whether you are buying, refinancing, or renewing your mortgage.

Aly Jamal, Matthew Shaw and Andy Jia recently sat down with our Regional Manager, David Gyurits (through Zoom), to chat about their transition from the bank to the broker space after one full year. (Our one year anniversary in business was March 19th!) Have a look below! #staysafe

Even in uncertain times its important to look ahead to the future. Here are 4 ways first-time buyers can get assistance to help achieve their goals of home ownership.

During these difficult times it is important for purchasers to know that we are seeing delays in all aspects of the mortgage loan process from application to appraisals. What we want you to know is that this situation is new to all of us, brokers and lenders are working diligently to meet the needs of Canadian Mortgage Consumers. As a reminder, the following options may be available to assist homeowners during these times. Deferral of payments Re-amortization of the loan... Capitalization of outstanding interest & costs Special payment arrangements See more

Good afternoon to our clients, colleagues, friends and family; We hope you are staying safe and well as we manoeuvre through this unprecedented time. As of Monday, March 16th, we made the decision to close our office during regular business hours until at least April 6th, 2020.... At this time, although not in the office, we are still open for business. All of our agents are working remotely from their home offices, and are available at any time to answer any questions you may have, or to discuss any current or new mortgage applications. A reminder that BNB Financial Groups mortgage applications can be completed online, and the whole mortgage application process can be done remotely. Should you have any questions about mortgage deferrals, and your options with your current lender, please reach out to your mortgage agent who will be happy to assist you. Like you, we have so many questions. As we continue to navigate this unprecedented circumstance, we are approaching the situation with steadfastness to ensure that all facets are reviewed so that we can provide relevant updates as they become available from our local Health Unit, Provincial, and Federal government. We will provide updates and further information as soon as they become available. Your continued support, patience and understanding is appreciated. Stay safe and take care of yourselves and your families.

Buying Power! The Stress Test changes coming into effect this April will give buyers access to about 5% more buying power. Its more important now than ever to use a broker not only to get unbiased advice but also access to the best rates.

Top 4 tips for saving a down payment!

Spotted in lovely St. Thomas, our very own Kari Wilson on her own billboard! Kari is from St. Thomas and is actively involved in her community. If she can be of any assistance to our clients south of the city, give her a call!

Due to the recent Stress Test changes we can expect a spike in the spring market. Experts are saying we could see anything from an increase of house prices to interest rates rising. What we know for sure is that come April 6th, what buyers qualify for will be more in line with what they can afford finally! If you are thinking about buying this spring, the best thing you can do today is secure your rate! A rate hold is generally good for 120 days so that means you can secure the lowest rate available to you today and if rates rise you will be protected, if they drop you can still take advantage of a lower rate.

One of our proud co-founders, Aly Jamal takes a few moments to speak with Kathy Amess from Peak Professionals Realty about buying and selling in the market today - take a peek, especially if youre looking to buy and sell in the near future. Aly speaks to this process, and also explains the details of bridge financing. Contact us today if youre looking to make a move this spring or summer! Were happy to spend some time with you and answer any questions you may have!

We are well into 2020 and all signs are looking positive for Canadians and their home ownership aspirations. While home prices havent appreciated in 2019 to the same extent as in previous years, Canadian Mortgage and Housing Corporation (CMHC) is predicting that the bounce back is expected to play out quicker than whats been anticipated on the sales front. While more sales are expected, an increase in activity and prices usually follow, thats why it might just make sense... to act now and see what you could qualify for if youre a first time home buyer or if youre thinking of moving up to the next home. Did you know that it might be possible to move up to a bigger home or your dream home without increasing your monthly payment significantly, especially if you have built some equity in your current home or have paid down your mortgage over the last few years? It is even possible to move without having to pay penalties on your existing mortgage. Together we can find out whats possible for you. February is typically one of the best months to get pre-approved. Rates are low and those rates can be locked in for 90 days meaning if you decide to buy and interest rates move upwards, youre protected. So if you or someone you know is thinking of getting a mortgage pre-approval, contact me for a free pre-approval.

Special thank you to Livia Pellegrino for making the trip to London to present BNB Financial Group with our first Double Wizard Award! Livia, we cant thank you enough for your continued partnership and support of our business. You go above and beyond for us, and we appreciate all that you do! We are looking forward to a successful 2020 with you and your team at First National!

If you want to get in the market but feel like its impossible, lets talk. I will review your current financial situation and set you on a plan to homeownership.

Buying A House in Canada: A Guide to Buying Your First Home http://bit.ly/35B82oN We offer residential and commercial mortgage services. Visit us at www.bnbfinancialgroup.com for more information. #BNBFinancialGroup #mortgagerates #guelph

Meet One of the Faces Behind BNB Financial Group, a Team with Mortgage Alliance http://bit.ly/372U0wT We offer residential and commercial mortgage services. Visit us at www.bnbfinancialgroup.com for more information. #BNBFinancialGroup #mortgagerates #stratford

On Wednesday, January 29th, we attended Mortgage Alliances Awards Gala and were thrilled to have 7 of our agents recognized at the event: Congratulations to our top agent, Jennine Yool for being in the top 5% in the country, and joining Mortgage Alliances Presidents Club. We also had Aly Jamal and Max Escrogin recognized as being in the top 10% and joining Mortgage Alliances Elite Club.... Matthew Shaw, Kevin Medeiros - Mortgage Agent at BNB Financial Group/Mortgage Alliance, Jenn Story-Mortgage Agent BNB Financial Group and James Grady were recognized as being in the top 20% and joining Mortgage Alliances Masters Club. Special congratulations to all of our award winners, we are truly blessed to have mortgage agents as dedicated and passionate about their work as you all are. We thank you for all your hard work in 2019 and are looking forward to all that we can accomplish in 2020 together.