Cole Mortgage Agent
8-70 Yorkville Avenue M5R 1B9 Toronto, ON, Canada

4 questions to ask your mortgage broker. Here are the 4 questions you should be asking your mortgage broker: 1- How much can I afford?... 2- What type of mortgage should I consider? 3- How much do I need for a down payment? 4- What should I take into account for the future? Many homebuyers assume they need to make a sizable down payment to get the best mortgage rate, but that’s not always the case. Mortgage insurance products allow buyers to put as little as 5% down and still get the same competitive mortgage rates, if not better, than those who put down 20% or more. Having mortgage default insurance lowers the lender’s risk and cost. I realize that every individual has a unique situation. I will sit with you and go through all your possible options and outcomes to help you make an informed decision. Don't hesitate to contact me and schedule a free personalized consultation. [email protected] - 514-894-2653 #Homeownership #MortgageAgent #MortgageBroker

Time to Refinance? The timing might be right to refinance your mortgage. New rates may help you significantly lower your monthly payment. Or, you might want to cash-out some of the built-up equity in your home. Refinancing your mortgage can allow you to take advantage of any equity in your home to:... - Help cover the cost of home renovations - A child’s post-secondary education - Consolidate debts - Free up funds for investments Refinancing could possibly even pay off your mortgage sooner! To learn more, feel free to contact me below to schedule a free consultation [email protected] - 514-894-2653 #Refinancing #MortgageAgent #MortgageBroker

From a new home or heritage treasure to a refinance or investment property, Cole's purpose is to help you get the best financing solution for your needs. He will service what you can comfortably afford to borrow. Currently serving clients across Ontario, including the following regions: Cornwall... Hawkesbury Orleans Ottawa Kanata Prescott-Russell Lancaster Glengarry Prescott Clarence-Rockland Gloucester Nepean Rockland and many other regions in Ontario. Contact Cole today to claim your free consultation for all your mortgage needs. [email protected] - 514-894-2653 #ColeDiGiandomenico #MortgageAgent #MortgageBroker

Can you qualify for a Mortgage? So, you can afford your desired mortgage payment but do you qualify? There are a lot of factors that a lender considers when deciding to give you a mortgage. There's a difference between knowing you can afford a mortgage and being able to qualify for one.... FIVE MAIN FACTORS 1. CAPACITY Can you repay the mortgage loan? This factor is the most crucial of the five. A lender will look at your credit report and review your debts to see if you've paid them on time. Lenders don't like to see missed payments consistently, which sends a message that you may be over your head with your debt load. Lenders also don't want to see too much debt or maxed out credits. 2. CAPITAL This capital is the amount of money you have to invest in the property yourself. Lenders don't like to take all the risk. So, make sure you have at least the minimum down payment. That down payment can come as a gift from a family member, a retirement savings plan or it can come from a bank loan or a line of credit as long as you can manage the extra debt. 3.CHARACTER Okay, this is a grey area: it's an impression of your trustworthiness. It's the big picture. Lenders look at how long you've been employed and how secure you are. They will also look at your ability to save and manage credit. 4. COLLATERAL Yes, your cash flow is important but so is the property you're buying. the house is pledged as security for the loan. Collateral can also come from a third party who will guarantee the loan. 5. CREDIT This is your credit history- how long have you been using credit. The more years you've bee an active credit user, the better. Don't hesitate to contact Cole today to claim your free consultation for all your mortgage needs. [email protected] - 514-894-2653 #ColeDiGiandomenico #MortgageAgent #MortgageBroker

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