Brian Smith Mortgages

Thinking of becoming a real estate investor? There are many considerations to make before purchasing a property and taking on tenants. I’m here to help you navigate the process and ensure you secure the best mortgage for your investment property as well. https://calendly.com/brianmortgages

Did you know that you can invest in Canadian real estate without buying a home? Through passive fractional ownership, investors can cash in on returns without having to qualify for a big mortgage or come up with a huge downpayment, although it doesn't provide a roof over their heads. Investors can also skip the headaches that come with managing a property, yet get a share of rent and gains on the property when it’s sold.

Mortgage portability is an important mortgage feature. Let’s face it, life happens. And that means it’s possible that you’ll want or need to move from your current home during the lifecycle of your existing mortgage. In this case, you’ll want to ‘take your mortgage with you’ transfer it to your new home. ‘No frills’ low-rate mortgage products often don’t enable you to port your mortgage. As such, you could face thousands of dollars in penalties to break your current mortgage, depending on the specific rules set out by your current lender. Let’s discuss your mortgage feature needs! https://calendly.com/brianmortgages

A recent study showed that nearly a third of Ontario homeowners feel ‘house poor’ where they’re spending a large proportion of income on just their home. Check out this video clip featuring Mortgage Professionals Canada’s Paul Taylor on the value of talking to a mortgage agent as your first step to homeownership. It’s my pleasure to help you set a budget so you know what you can comfortably afford to spend on a home before shopping. Let's talk!

COVID-19 has changed everything, including where people may want to live in their later years. Generally speaking, their options are: stay where they are; buy somewhere else that’s physically easier for them; rent somewhere else that’s physically easier for them; move in with younger family members in a three-generation home; or, go to some form of retirement residence. I may be able to help make it easier through a reverse mortgage if you choose to stay in your own home. Let’s chat! https://calendly.com/brianmortgages

Congrats to Darlene Burns for winning a $100 Home Depot Gift Card in my February Contest! Please PM me with your contact details so I can send your card The March Contest post is pinned to the top of this page. Enter today for your chance to win a $100 Home Depot Gift Card to put towards your spring home renos!

Nearly 48% of Canadians aged 25 to 35 currently own their home, and a quarter of these homeowners purchased a property during the pandemic, says a recent demographic survey by Royal LePage. Thinking of buying? Let’s talk about your financing options, including first-time homebuyer incentives and rebates that may help get you into a home sooner.

What a great looking bungalow! If you're looking for a property in Hamilton, give Madelyn a call.

Sometimes it makes sense to refinance your mortgage even if it means breaking your term early and paying a penalty. Our current low-rate environment just may be one of those times! I can help you weigh your options based on the penalty you’d face to break your mortgage mid-term vs how much the ongoing high-interest debt burden will cost you until your mortgage term comes up for renewal. A refinance can also help you fund your spring reno projects, ease cashflow, etc. Book your free mortgage review today: 647-302-5198; [email protected]

Want to become eligible to win some great prizes? I’m rewarding my past, present and future clients with VIP status, and the chance to participate in my free monthly giveaways Simply sign up for my VIP Club via this link: www.briansmithvipclub.com

With interest rates at rock bottom and home prices skyrocketing, reverse mortgages are becoming a more common solution for seniors to unlock home equity without having to make regular payments something required by all other loans. While reverse mortgages have been growing in popularity for years, HomeEquity Bank saw a 14% increase in reverse mortgages during the last quarter of 2020. Are you considering a reverse mortgage? Let’s talk.