Deborah Hall
296 King Street L4R 3M6 Midland, ON, Canada

Younger Canadians are wanting more free space and larger homes, both of which are much easier to get outside of cities. This is part of the reason we’re seeing local housing prices rise

Check out this Keller Williams listing! Give them a shout for more details.

Mortgage lenders are preparing for borrower financial instability, and have set aside a record amount of money for non-repayment as of Q4 2020.

I think now is the perfect time for a GIVEAWAY! Stay tuned! More details coming later this week I think now is the perfect time for a GIVEAWAY! Stay tuned! More details coming later this week

Hey Millenials When you're ready to stop renting, give me a shout (705) 543-1503

Private mortgages are designed to provide short-term solutions to tricky situations. We work together to create a long-term plan that sets you on the path to financial success. Some find it embarrassing or shameful to need to resort to private loans but the reality of it is, the longer you dodge your financial problems, the worse they get. Take control of your situation. Create a plan. ... Fix the problem. Know that private loans are SHORT-TERM. We create an exit strategy and guide you through the process so you don’t have to use private money for any longer than it’s needed. If you’re in need of a private mortgage or home equity loan, reach out today. Believe me when I say, I’ve seen it all... and I’m always here to help.

WOW This property is BEAUTIFUL!

Here’s a back to the basics interview about how a mortgage agent or broker can help you. Paul Taylor says it well

Have you been working from home in light of pandemic changes? Has it become more important to you to have a designated workspace in your home? This article highlights how a shift from commercial to residential offices will ensure that the real estate market stays strong

PARTNER TESTIMONIAL ALERT When we partner up with you, we become an extension of your team delivering outstanding client experience and hand holding clients... through the stress of closing! A BIG THANK YOU to Deborah Hall - Mortgage Agent Centum King Midland for your kind words - youre amazing! See more

Wow - this is pretty amazing!

The final Tuesday Tip in the Closing a Mortgage series. I know what you’re all thinking, and don’t worry there’s another Tuesday Tip series coming your way soon! This final tip is to NOT sign as a co-signer or guarantor for any loan until AFTER your mortgage closes. That means you’re not signing with your kids for their student loans, not signing for your friends car loan, not signing for a random person’s mortgage. Sure, you can keep buying your friends (or even strangers) coffees, but let’s keep the legal obligations off the table until AFTER your mortgage closes. Have questions? You know what to do!

So happy my clients have had the option of using Deeded for their mortgage closings. They provide excellent customer service and support

Did you see the new price on this listing? Get it before it’s gone!

When you buy a house, you put a lump sum of money in as a down payment and this creates your initial equity. As you make your regularly scheduled mortgage payments and the value of your home grows over time, the amount you owe on your home decreases and the amount its worth increases. This leads to an increase in home equity. If you want to access that built up equity to pay for a project, pay down high interest debts, etc., you can refinance your mortgage. If you want to know more about it, send me a message or comment below.

What is refinancing? Quite simply, it means to finance something again. When you buy a house, you typically get a mortgage and that’s considered financing that house for the first time. For many different reasons, you may need to tap into the equity you’ve built up in your home (a.k.a. the money you’ve already paid towards your mortgage plus the increase in market value). That’s where a refinance comes into play.... You can refinance your house up to 80% of it’s current market value. After a refinance, it’s considered a conventional mortgage, which means that rates are competitive, and in today’s rate market, they’re likely lower than what you currently have. Reach out today to learn more, and see if a refinance is right for you!

Tuesday Tip Introducing the Closing a Mortgage series. This series talks about what NOT to do in the time between applying for a mortgage and when it closes (i.e. when you move into your house or when you receive funds from a refinance). TIP 1 DONT QUIT OR CHANGE JOBS, OR BECOME SELF-EMPLOYED When a lender commits to funding your mortgage, they have committed to you exactly as you presented yourself on your application. By quitting or changing jobs, you risk the lender backing out of their commitment as they now must consider new probationary periods, different income amounts, and/or changed employment structure. If you experience unexpected job loss or changes occur, be upfront about it and notify your mortgage agent ASAP.

Adding a little humour to your Friday afternoon

Whats your preference - a newly renovated, move-in ready home or a fixer-upper that youll need to invest both time and money in? It seems like the fixer-uppers are in higher demand these days...

Not necessarily mortgage related, but an interesting article for both employees and employers. ...also a good time to point out that obtaining mortgage financing can be a little trickier if you are planning on or have just changed employers.

Deer Island truly is a treat If you’re looking for a cottage property, this could be the one for you!

Mortgages are my only focus. I dont try to sell you credit cards, push that you invest in RRSPs, or try to convince you to get every insurance under the sun. I listen to your needs and wants, then find the right mortgage product for you. Simple as that.

One of the biggest advantages of working with a mortgage agent or broker is that we work on your schedule, and not just 9-5. We’re available to answer your questions when you have them, and are just a simple text, call, or email away. Not to mention, we have competitive rates, amazing products, and exceptional service

Tuesday Tip Time This week’s tip in the Closing a Mortgage series is to not making any changes to your finances. This includes moving large sums of money between accounts, changing banks for daily banking, or changing which account your pay check is deposited into. We suggest not doing these things because it only adds a layer of complexity that will be questioned by the lender, and we think it’s better to avoid those headaches. Of course, exceptions to this rule are transferring money out of investment or stock accounts for the purpose of a down payment, paying off large debts that need to be paid off for your mortgage approval, etc. Have questions about this tip? Ask away in the comments below!

Deeded is putting together amazing resources to help guide first time home buyers - check this one out!

Holding steady at low interest rates

Check out this opportunity! Cute raised bungalow in Penetang with income potential - separate entrance and separate hydro meter!

Mortgage Broker: Whats your source of down payment? Client: Whiskey

The final Tuesday Tip of this 9-week Credit Score Series comes to you on a Wednesday This last tip is an important one. Of course, mistakes happen. If and when they happen on your credit bureau, its your job to work to fix them. Youll find mistakes by checking your credit score on platforms like CreditKarma.ca. Contact the creditor first to see why the error is there, then contact the bureau (Equifax and/or Transunion) to make sure the error is fixed on the credit report, too. It can be an annoying process, but if you dont take care of the problem, it will negatively impact your credit score.

Our friends at Deeded have been making some very informative and helpful content to help buyers navigate what is most often the largest purchase of their life . Heres a video called The Purchase Process - take a peek

I couldnt have said it better myself. With rates at an all time low, its easy to get excited about saving money on each mortgage payment. Make sure you consider other aspects of your mortgage though, especially what the cost will be to break the mortgage if you have to sell or move sooner than your term.

White pants are too risky to wear any day of the year. Luckily, white wine is neither risky nor off limits I hope everyone made the most of the Labour Day long weekend!

Ive definitely noticed an influx of people in our small town, but many Ive spoken to are only here for a short-term stay. At what point do you think well see more people opting to live in our area permanently? How do you think this will this change our local real estate market? https://nowtoronto.com//why-people-are-leaving-toronto-for

But for real, at a time like this (especially if you are still without work due to COVID-19), it can be tempting to simply not pay. I cant emphasize enough that its important to tackle these issues head on. Contact your mortgage holder directly and make arrangements if youre unable to make a full payment on time.

Its important to understand is that if you start missing mortgage payments, its reflected on your credit bureau.

Tuesday Tips! Todays tip is about disputed items. Mistakes happen, by both creditors and consumers. If and when these mistakes happen, its better to err on the side of caution. Pay the charge (provided youve confirmed its a legitimate company and not a scam!!!), then make your case to get your money back. Itll help keep credit score high, and save you from paying unwanted interest charges in case you were the one at fault.

Mortgage deferral guidelines are changing...

Take home message: If you can make your payments, do that. If you cant make your payments, contact your mortgage provider and create a manageable plan with them.

An interesting point - maybe a little inflation wouldnt be such a bad thing.

Were excited for todays 2020 Canadian Mortgage Awards! They may be a little different this year because were not in Toronto inside of a room with everyone els...e from the industry but were excited non the less. CENTUM has been nominated for National Broker Network of the Year, Digital Innovator of the Year, and Employers of Choice. Offices and individuals from our network are also up for awards tonight and we wish everyone good luck. See everyone online!

Coming Friday to realtor.ca! Awesome family home in Penetanguishene. It ticks all the boxes. 4 bedrooms ( all on one level), 3 baths, main floor family room, eat in kitchen, dead end street, private back yard, full basement, close to schools...$529,000! Please share away.

Share your thoughts: Should CERB-like programs and government financial support continue into 2021?

Its your favourite day of the week... Tuesday Tip Day!! As important as it is to use your credit regularly, its equally (if not more) important to pay your credit balance off in full regularly, too. If you can, pay your balance off after each purchase, at the end of each week, or with each bi-weekly pay check. Creating this habit will show that you can manage credit responsibly and undoubtedly boost your credit score.

This is a very important read. Closing costs always create confusion, even for experienced buyers. Heres a few key components to closing costs that seem to trip people up on closing day.

Whats your prediction? Will the fall and winter market be as busy as this summers?

For those younger folks just starting to build their credit, or for New to Canada Residents, heres how your credit score is created in Canada

Property taxes in Ontario are what pay for services like public education , firefighting , local police , and libraries . How much you pay in property taxes depends on the municipal tax rate, education rate, and the assessed value of your home . When it comes to how you pay them, there are options. You can include your property tax payment in your mortgage payment and have your mortgage lender pay them to the municipality on your behalf, or you can pay them directl...y to your municipality when they bill you (usually twice annually) If you purchase a new home and have your mortgage lender pay the municipality on your behalf, be prepared to pay a portion of your property taxes directly to the municipality within the first few months of living at your new house. This happens because although you are paying your lender enough to cover your annual property taxes with each mortgage payment, they need to build up enough of a float in your account to cover the costs. This leaves (usually) one property tax bill owing directly to the municipality. When you sell your property after having your property tax being paid by your mortgage lender, you (usually) have a property tax credit that is refunded to you. Have questions? Send me a DM. #themoreyouknow #mortgage #mortgageagent #mortgagebroker #propertytaxes

Tuesday Tip Time Use your active credit often, pay it off equally as often Buying groceries? Use a credit card then pay it off. Fixing your car? Put it on your line of credit then pay it off. Monthly bills? Set them up to be paid on a credit card, pay it off each pay check.... Its as simple as that See more

Our friends at Deeded have put together an amazing First Time Home Buyers Guide to answer the many questions you probably have about the legal process of buying your first home . They also cover current programs and rebates available in Ontario and have helpful links to figure out setting up services to your future home. Comment or DM me with your email address and Ill send it right over! (No spam - just a helpful guide, I promise )

The drop in benchmark rate really only affects those that are on the cusp of qualifying for the mortgage amount they want, but help for some is better than help for none!

My two cents: If Canadians carry such a dangerous debt load, shouldnt the focus be on tightening rules for high interest loans for wants (like boats, expensive cars, and racked up credit cards) rather than housing? Everyone needs a place to live, but the lending rules just keep getting tighter.

Tuesday Tips: Credit Score Series continues!.....Lets just pretend its Tuesday (whoops! ). This weeks tip is to keep all credit active, even if you no longer use it. Just having the open trade line on your credit bureau (any credit is called a trade line when talking about credit scores) is better than seeing them recently closed. Having them open shows that you can be responsible with it, but closing unused trade lines insinuates that youre tempted to rack it up and need to close it. Its even better if you can regularly use AND pay off all open trade lines. That shows that youre VERY responsible with credit, making your score jump up and lenders be more willing to work with you for financing.