Castle Mortgage Group
4-580 Pembina Highway R3M 2M5 Winnipeg, MB, Canada

Hi guys Hope you are hanging in there. Here is a quick read on 10 things to do during times of financial uncertainty.... Look after yourselves and others as best you can and stay safe.

Hi guys I hope you are all "OK" and don't have the urge to scream at the sky because you are as bored as me with Code Red lock downs wherever you live. What I've found solace in is learning/reading as much as I can on subjects that interest me such as learning a new language which for me is German." Eine neue Sprache zu lernen macht Spaß"... That said, I do get a lot of clients asking me about credit and how to build it and maintain good score which is anything over 680. This is the perfect time of the year to call Equifax and get a free copy of your report at: 1-800-465-7166 You can also learn a ton about credit by visiting Equifax's website: https://www.equifax.com/personal/ When you get your free report feel free to email it to me and I'll walk you through it and highlight the good, the bad and the (gasp) ugly :) Email: [email protected] Office: 204-474-1277 ext 206 You or anyone you know can apply for a new purchase, transfer/renewal or refinance "Anywhere in Canada" by visiting my website for a quick and easy application right here: https://www.castlemortgagegroup.ca/winnipeg-mortg/jon-hanec

Hi guys Mortgage rates both fixed and variable are insanely low for purchases, refinancing and renewals/transfers. Castle Mortgage Group has a new secure online portal where clients can upload all required documents for your new mortgage and also digitally sign everything from anywhere without the need to print or scan anything.... Here is my online mortgage application for you or any of your family/friends looking to qualify for a new purchase, refinance or to ensure you get the very best rate at the end of your current mortgage term. https://jonhanec.castlemortgagenetwork.com/apply.aspx Jon Hanec Partner ~ Castle Mortgage Group Cell: 204-955-0908 Email [email protected] And...... via our partnership with our National Team, TMG - The Mortgage Group, we can do mortgages anywhere in Canada.

Here is my online mortgage application for you or any of your family/friends looking to qualify for a new purchase, refinance or mortgage transfer at your renewal: Jon Hanec Partner ~ Castle Mortgage Group... Cell: 204-955-0908 Email [email protected] Online Application: https://jonhanec.castlemortgagenetwork.com/apply.aspx I've also attached a link to our commercial equipment leasing and accounts receivable factoring division at Castle Leasing

Great read on Financing (at your bank) vs. Leasing Equipment and the benefits of both: https://lnkd.in/eStXsnE If anyone needs pricing for leasing any type of equipment, machine or commercial / consumer vehicle please reach out to us at Castle Leasing: ... Office: 204-474-1277 ext 206 Email: [email protected] Web: https://castleleasing.ca

Hi guys This article might be one of the very best explanations on how a credit card actually works with respect to calculating interest and what is involved. Before you decide to invest in anything......... ~ "Pay off the credit card in full" Because nothing beats saving the interest you will owe at a 19.99% APR (annual percentage rate) or worse: https://www.ratehub.ca//how-does-credit-card-interest-work/

Hi guys, Here are 9 excellent tips on developing a great credit score: https://www.canadianmortgagetrends.com//9-ways-keep-credi/

Hi guys Here are all the deductions you can write-off when you rent your cottage out: https://www.moneysense.ca//renting-out-the-cottage-heres/

Hi Guys Everyone can now get a free credit report from Equifax during the Covid-19 pandemic. Here is where you can get it:... https://www.consumer.equifax.ca/per/products/credit-report/

Hi guys, Here are some VERY helpful tips to protect your credit if you are thinking about deferring your mortgage payments or you have no choice but to defer them: 1) Request electronic or written confirmation that the payment is being deferred.... 2) Ask for the employee number or service reps name that confirmed your deferred payment. 3) Write down the day and time you talked to the customer service rep. 4) Place all supporting documentation and record keeping in a safe place where you will actually remember where to find it. 5) Track both your Equifax and TransUnion credit reports for at least the next few months 6) If you do see an error, reach out to your lender and the credit reporting agencies to open up a dispute. Read the attached article for the full explanation: https://www.canadianmortgagetrends.com//deferred-mortgag/

The Bank of Canada just dropped their overnight rate by another 50 basis points and over the course of a few weeks the Prime Rate is now 2.95% ******************************************************** Q: What does this mean if you have a Variable Rate Mortgage? ... A: Your mortgage payment will stay the same however a greater percentage of the payment will go to paying down the principal. ******************************************************** Q: What does this mean if you have an Adjustable Rate Mortgage? A: Your mortgage payment will go down and the amortization schedule will stay the same ******************************************************** If you want to know if you should consider breaking your current mortgage "Anywhere in Canada" to take advantage of saving interest over time just call your bank and ask for the following information: 1) Current break penalty 2) Current mortgage statement Then estimate the market value of your home and "Call Me"!! Office: 204-474-1277 ext 206 Cell: 204-955-0908 Email: [email protected] https://business.financialpost.com//cp-newsalert-bank-of-c

Hi guys, I have an insane low 5 year fixed rate that became available today for a CMHC-Insured purchase or if you currently have an insured mortgage and are up for renewal. This is for owner-occupied properties not rentals.... 2.34% Tell your friends before they finalize their deal. Cell: 204-955-0908 Email: [email protected]

Hi guys, The mortgage stress test you have all read about is getting a bit better to help make it easier to qualify for your next mortgage. This will come into effect on April.6th ... Please read the attached article and call or email me if you have any questions: Cell: 204-955-0908 Email: [email protected] https://www.theglobeandmail.com//article-nine-things-mor/

Hi Folks The Bank of Canada kept the Prime Rate @ 3.95% and may not look at a rate cut until the 3rd or 4th quarter of 2020 after Stephen Poloz steps down as Governor of the Bank of Canada. The Bond Market did not agree with these sentiments and 5 year bonds fell over 7 basis points today.... Follow bonds here: https://lnkd.in/eJ8xprd If you have any mortgage / finance related questions please reach out to me: Office: 204-474-1277 ext 206 Email: [email protected]

Friendly reminder to check your Equifax credit report once a year. You never know what might still be on it ;) Web: https://www.consumer.equifax.ca/personal/... Toll Free: 1-800-959-8281 If you want help understanding what's on it just send it to me via email to [email protected]

Happy Holidays Folks Here is a quick read that can apply to any age about finances and what to master. Have a great Xmas and thank you all for allowing me to look after you, your friends and your family.... https://www.investopedia.com//6-financial-lessons-master-t

Hi Folks, Friendly reminder to "never" be late on your cell phone payments. These are considered "O" or "Open" charges that must be paid in full and if you are late or don't pay in full every month, Equifax can ding your score.... Read this: https://www.canadianmortgagetrends.com//how-your-cell-pho/

Hi guys! Here is a great article from my colleague Dave Larock on one of the most common questions we have: "Should I lock in my variable rate mortgage to a fixed rate mortgage?"... There are three common scenarios presented and I encourage you all to read the attached article "twice" as there seems to be a lot of extra clarity gained by the additional once over. Cell: 204-955-0908 Email: [email protected] In an nutshell and especially with Big 6 banks and some credit unions, locking in can create a huge break penalty if you do not run your mortgage to the end of its term so................... "Call Me First!!!" https://www.integratedmortgageplanners.com/blog/

Hi Everyone! I hope you had a great summer. There is talk of a possible election promise from the Conservatives that they are looking to review the dreaded mortgage "Stress Test" as well as re-introduce 30 year mortgages with just 5% down to help first time home buyers afford their new home. ... https://www.cbc.ca//pol/scheer-housing-mortgages-1.5293794

Hi guys If you have a mortgage with a fixed rate higher than 3.40%, we can potentially save you $1000's on your mortgage by breaking that mortgage, capitalizing the penalty and running the mortgage at a rate now below 3%. Send me your current mortgage statement and estimated market value of your home so I can do the math for you to tell you how it looks. Email: [email protected]... Cell: 204-955-0908

Hi guys, If you have a fixed rate mortgage that is CMHC insured or conventional (no default insurance) and your rate is over 3.20%, there might be a great opportunity to save thousands of dollars on a switch. Please call your lender and ask what your break penalty and discharge fee is and let me know and I'll do the math for you.... All I need is a current mortgage statement + the break fees. Cell: 204-955-0908 Email: [email protected] Have a nice weekend

How does Factoring work? Are you an American or Canadian company who invoices your customers and prefers to get paid for your receivables NOW vs. Waiting 90-150 days for them to pay your company? Would your business like to get a 2% to 4% discount on your company's material and equipment purchases from your own suppliers by being able to pay them faster?... Call me to discuss financing options! 204-474-1277 ext 206 Email: [email protected]

Hi Everyone The Bank of Canada held the Prime Rate at 3.95% today. The Prime Rate is how all your variable rate mortgages, loans and lines of credit are priced.... There is excellent commentary in the attached article and video on BNN Bloomberg this morning regarding economic headwinds and tailwinds. If anyone wants unbiased mortgage information or to 100% pre-qualify for a new purchase, refinance or renewal please call or email me. Cell: 204-955-0908 Email: [email protected]

Dear friends, If you don't have a 1-page "To Do" list to start your day, there is a 98% chance you will get nothing done. There are no words for all the referrals people are sending as of late for residential & commercial purchases, refinances, switch/transfers along with business and personal life insurance and commercial equipment lease financing.... Email: [email protected] Cell: 204-955-0908 Thanks!!!!!!

Hi folks!! The Bank of Canada held it's Prime lending rate at 3.95% today citing a slowing economic engine. Rates are super solid for fixed and variable purchases, renewals and refinances. ... If you need an opinion on something you are interested in: Call me at 204-955-0908 Email: [email protected] https://business.financialpost.com//bank-of-canada-holds-k

Hi everyone!!! Hope you are all doing absolutely great out there. I just turned 45 and it seems like I've never been busier with more mortgage deals on my plate for this February than the last 4 put together. ... In addition I've been much more involved in commercial mortgages like apartment purchases and refinancing as well as new building construction financing. Additionally I now offer a whole range of commercial equipment financing in Canada and the USA for anyone who is looking for capital to purchase new/used equipment or to free up money from equipment you already own to expand your operation. "You can lease anything, just ask me!" To further compliment your mortgage needs i've maintained my life insurance licenses in Manitoba and Alberta for the past 6 years to be able to offer everyone the very best options for personal and business insurance which is much better than over-priced bank/creditor insurance offered by the unlicensed people in the branch. A very helpful mortgage idea right now is people are contacting me with variable rate mortgages that have discounts of Prime - 0.4% or worse and I'm capitalizing the break penalty of three month's interest into their mortgage and running it at a lower rate of Prime - 1.00% to the end of the same term and they are potentially saving hundreds to thousands of dollars. If this scenario applies to you, please contact me or simply email me a current mortgage statement or your renewal sheet and I'll run the numbers for you. And as always.........."Call Me First" before you sign/take your renewal offer to see if you are getting THE very deal at renewal. *Hint, I can always do better than the offer you get. Call me anytime at 204-955-0908 Email me at: [email protected] And as always, referrals are the lifeblood of my business. If you have anyone you know who can use my services please introduce us and I'd be more than happy to help out.

Hi guys Looks like the Bank of Canada is changing their tune on more variable rate increases for the short term. If you have mortgage questions especially if you are coming up for renewal in the next few months, please call me to know ALL your options (not just what your one bank can offer). ... FYI, we are hearing a lot of renewal offers from banks are higher than what you could actually qualify for. Email: [email protected] Office: 204-474-1277 ext 206 Cell: 204-955-0908 Bank of Canada Article: https://business.financialpost.com//david-rosenberg-bank-o

Hi guys As you've seen recently, variable rates have been on the rise with several increases to the Prime lending rate which currently sits at 3.95%. This is in response to the Federal Government's goal of keeping their inflation target around 2%.... If you have a variable rate with a discount of 0.40% or less please ask your lender for your break penalty as it might make sense to break it and get a better variable rate as low as Prime - 1.00% whereby you will save a lot more in interest than the break penalty by the end of the term Also ask what your fixed rate conversion options are and let me know so we can review all of your options. Email: [email protected] Cell: 204-955-0908 Office: 204-474-1277 ext 206

Hi guys There is nothing better than helping a good person out of owing debts all over the place at high rates of interest and they now have zero debts besides a newly restructured mortgage via a refinance. They have improved their monthly cash flow by over $1400, saved a ton on interest and now sleep well at night without financial stress.... if you or someone you know would like a free consultation on restructuring options please contact me: Cell: 204-955-0908 Email: [email protected] Have a terrific weekend folks

Hi guys, Here is a great read on secured vs. unsecured loans and the dramatic effect that higher interest rates have. Just a quick reminder that all loans have the majority of the interest being collected up front and as you go along with the loan you eventually are putting more onto the principal side of things.... Whenever you see those "feel good 'commercials from lenders like Fairstone (formerly Citi Financial) on TV offering you debt relief, rest assured that their loans are collecting "a ton" of interest off you in the first year or two. Nothing wrong what they offer, but unless you see the actual amortization schedule, most people never know how much of their payment goes to pay it down vs. service the interest portion. https://www.canada.ca///services/loans/personal-loans.html

Hi Everyone, There are times in our lives when the unexpected happens and we find it difficult to cope financially. It could be a job loss, an unexpected illness, the death of a loved one or separation and divorce. There may be enough money to get by for a few months, but soon families may find themselves overwhelmed as the bills start to mount and household finances begin to dwindle. Then households may start to miss payments to creditors, including a mortgage payment. While... a one-time missed payment can easily be dealt with, long term problems may need a different approach. Consider the following: Missing payments. If there are a few missed mortgage payments, it might be difficult to get a bank loan to pay the arrears. By missing payments, it looks as if there might be an issue repaying the loan. There is a difference between a missed payment and a late payment. A missed payment is one that is completely missed and never made up. A late payment is one thats not paid on time, but made up. How a lender views arrears. Again, it might be a challenge to get a loan when in arrears, especially if youre not working. Lenders may, however, work with clients on a plan to pay the arrears while keeping other payments current. This can be quite onerous and stressful since lenders usually want the arrears cleared up as quickly as possible. Interest rate for arrears and/or default. Lenders will charge a default or penalty interest rate, which is normally charged on the overdue amount. If the lender proceeds with a Power of Sale or foreclosure, then legal costs are added on top of the penalties. Remember, mortgage payments must stay current and paid when due along with payment for the arrears as per the repayment plan, which includes the penalties. When will the lender be concerned? Generally, after two missed payments. Some lenders may contact you sooner. Its important to be proactive and speak to the lender to try to work with them. Lenders will first want to work with borrowers (and potentially the mortgage insurer, if there is one, to help bring the client current) What can the homeowner do? Communicate openly and early. The longer its left, the more bank fees and legal fees get tacked on, which eats into the equity in the property. There is help. If you have an insured mortgage, the insurer may have an assistance program that offers a variety of solutions. Some common options include: Add arrears to mortgage Increase amortization period Deferred payments Restructure mortgage Reduced payments for a period of time, then make up arrears Since every situation is unique, its important for us to talk as soon as problems start it can be the difference between keeping a home and losing it. Lets talk. Call me today. Cell: 204-955-0908 Office: 204-474-1277 ext 206 Email: [email protected]

Hi Folks Hope you are enjoying the hottest summer on record. Here are 7 tips every homebuyer should know about home inspections: ... https://www.livabl.com//7-tips-every-homebuyer-should-know

HI Folks The Prime Rate has gone up 0.25% today to now be at 3.70%. Do your best to pay down those unsecured lines of credit with every spare dollar you can put aside.

Hi Folks ! Buying a new home and getting a mortgage is an important decision and can be stressful. Consider putting together a team of professionals to help make the entire process easier. Members of your home buying team can include:...Continue reading

Hi Folks Just a friendly reminder for all you who are self-employed that your 2017 tax return is due to be sent to the CRA on or before June.15th. Also, I've attached a helpful read on how you should be properly paying quarterly installments should it apply to you.... Mortgage rates are excellent right now and as a reminder, "before" you sign up for your mortgage renewal, give me a chance to review it with you ensure you are gettting the very best deal: Cell: 204-955-0908 Email: [email protected] http://business.financialpost.com//everything-you-need-to-

Hi Folks The summer market is very busy right now and many of you are out there shopping for a new home. Here are answers to 10 questions about buying a new home you should all know.... And my best advice is to always call "me" to answer anything you want to know more about. P: 204-955-0908 E: [email protected]

Hi everyone. At 5:37pm tonight I'll be live on CJOB 680 radio talking about the Winnipeg Realtor Board of Directors' decision that they no longer have to divulge a home being a former marijuana grow-op on a non-active or pending MLS listing due to possible defamation and privacy risks. Going forward, as of June.1, 2018 no information about a former grow-op will be on the section the public can view on an MLS listing.... I'll post a comment with a link to all the signs you should look for to determine grow-op activity on a home.

Hi folks, I've attached a table for the 2018 income tax rates for Manitoba and for the combined marginal tax rates for Provincial and Federal: https://www.taxtips.ca/taxrates/mb.htm

Ever heard a sales pitch like this article at your bank? Ever wonder why bank staff can offer creditor life insurance without having a life insurance license from the Manitoba Insurance Council? Ever wonder how a "mortgage specialist" at a bank can only offer products from just their own bank but somehow, while not even holding a mortgage license from the Manitoba Securities Commission, can hold themselves out as a "specialist"?... Guess what? I have both a mortgage license AND a life insurance license and can offer better products through multiple companies from both lines of business. So before you sign at "your bank" because "your bank has always been there for you" maybe ask yourself one simple question? "Am I getting the very best advice, product and deal for what i am looking for?" Then, call me to compare: 204-474-1277 ext 206 Or email me your mortgage renewal terms to: [email protected] http://business.financialpost.com//review-of-sales-practic

Hi Guys Here are 31 great ideas to spruce up your home and add the most bang for your buck. Side note: An outdoor kitchen "may" not be the best play for a house in Winnipeg :)... http://www.msn.com//31-home-improvements-that-/ss-BBJJUE1

Hi guys Here is a great article for distinguishing between and capital expense and a current expense when selling a cottage: Just ask yourself this question: "Does the renovation/upgrade provide a lasting benefit "and" improve the value of the property?... http://www.moneysense.ca//minimize-capital-gains-using-ca/