Eric Arruda Mortgage Solutions
104 Garment St N2G 0C Kitchener, ON, Canada

Wondering if it is time to refinance your mortgage? Here are 3 situations where refinancing makes the most sense in our current market: 1. If it lowers your monthly rate and payment. 2. Pay off high interest debt to lower your overall monthly payment obligations. 3. To fund home renovations or other major (but necessary) purchases.

I invite you to opt-out of the banking system The problem: Central banks, uncontrolled government spending, inflation due to money printing, fractional reserve banking only raise the cost of living, and create massive ‘Boom’ and ‘Bust’ cycles. ... The Solution: Get out of the system and practice privatized banking via the Infinite Banking Concept No credit checks, no mortgage applciaiton, great rates... you are the bank and you approve the mortgage. Read "How Privatized Banking Really Works" - https://infinitebanking.org//how-privatized-banking-reall/

Becoming your own Private Bank Who is this for? No brainer for:... Any Libertarian/Conservative Anyone concerned with Government Spending Anyone concerned with Fractional Reserve Banking Anyone concerned with Higher taxes in the future or estate tax as a result of Deemed Disposition Rule Anyone who invests in Real Estate Anyone who is a Business Owner Anyone who what’s to leaver Inter-Generational Wealth EVERYONE should do this. The Problem: In short, the typical Canadian household’s disposable income is absorbed each month by interest payments to outsiders (commercial Banks). The rate of return they earn on their investments is trivial because a large percentage of their income is going to Interest (30-40% of a mortgage payment is typically interest) and Taxes (42.5 per cent is what the average person pays). Secondly on a macro level, central banks, uncontrolled government spending, inflation due to money printing, fractional reserve banking only raise the cost of living, and create massive ‘Boom’ and ‘Bust’ cycles. The Solution: Privatized banking via the Infinite Banking Concept Read "How Privatized Banking Really Works" - https://infinitebanking.org/ Subscribe to my channel here: https://bit.ly/317tOQM

If you are in the market to buy, send me a message for a pre-approval to find out how much you can afford. To help with the process, I included a list of items below you will need: ID Proof of employment Proof you can pay the down payment & closing costs... Info about any other assets you have (car, cottage, boat, etc.) Info about any debts or financial obligations that you have See more

Here are 7 tips to help you get approved for a mortgage: 1. Check your credit score 2. Save a larger down payment 3. Keep your income stable... 4. Pay down existing debt 5. Get a mortgage pre-approval 6. Get a great rate 7. Know what you can afford and what you can’t See more

As you may know, a proposal to tax the capital gains on the sale of a principal residence keeps raising its head. Most recently, the Globe and Mail published an editorial supporting the idea. These folks say this is a "tax break" and go on to say we didn't have capital gain tax until 1971.. but then say they should have went further!!!! They think its their right to take your money. We should not only push back against this tax but all Capital gains tax and lower income tax... while we are at it... reduce Gov spending to match lower tax revenue because they have zero respect for your money. They print like its nothing and 'sell' it like its helping you.. Gov is not the solution. Gov spending will not end and neither will the tax grabs unless you speak up.

Just like the grill, life can get very hot, let us show you how to manage the flame and not get burned! Loans up to 75k (O.A.C) with low twice monthly payments Quick & simple application process Flexible terms up to 24 months... Super Easy Online Application here --> https://bit.ly/3kVD7fl

Just so we are clear. Any Government EXPENDITURE is a tax on its citizens. Let that sink in.

Mortgage Types - What are the different types of mortgages? Getting a mortgage is almost like buying a car; there are so many makes and models that choosing the right one now can be pretty overwhelming. Let’s go thru the different types of mortgages available to get you started 1. There is a Variable Mortgage where the interest rate charged and your monthly payment will change when there is any change to what is called the prime rate.... 2. There is the popular Fixed Term Mortgage where the rate and length of the mortgage is fixed and will not change. 3. There is a Cash Back Mortgage where there is a % of the mortgage amount given to you on closing that may be used for down payment, closing costs etc. This ranges from 1% to 7% or more of the mortgage amount 4. There is a Convertible Mortgage where the term is short, maybe 6 months, and you have the option at any time during this period to convert to a longer term mortgage or different product with no penalty, as long as you remain with the same lender 5. There is a Combo or Multi Part Mortgage where you can select different types of mortgages and terms, where instead of one single mortgage, you have as many as 99 different parts. This is great if you can’t decide whether to go fixed, variable, open, or closed, or even a line of credit. Why not do them all! 6. And last by not least, there are Secured Lines of Credit even though it isn’t called a mortgage, it acts like one as in it is registered on your property title as a loan. The interest rate will be variable based on the prime rate, with minimum payments of interest only so the lowest possible monthly payment you can have. It is also completely open and can be paid off in full with no penalty. The rate may be higher than a regular mortgage and is based on the prime rate like a variable mortgage. Let me walk you thru how each product does, or maybe does not meet your needs to help you select the right one for you! I look forward to helping you. Subscribe to my channel here: https://www.youtube.com/channel/UCT9NII9VWXTk68WWiXcQbZg

The Credo of John D. Rockefeller Jr. This Credo is displayed in bronze letters on the wall in the main lobby of the Rockefeller Library. I believe in the supreme worth of the individual and in his right to life, liberty, and the pursuit of happiness.... I believe that every right implies a responsibility; every opportunity, an obligation; every possession, a duty. I believe that the law was made for man and not man for the law; that government is the servant of the people and not their master. I believe in the dignity of labor, whether with head or hand; that the world owes no man a living but that it owes every man an opportunity to make a living. I believe that thrift is essential to well ordered living and that economy is a prime requisite of a sound financial structure, whether in government, business or personal affairs. I believe that truth and justice are fundamental to an enduring social order. I believe in the sacredness of a promise, that a man’s word should be as good as his bond; that characternot wealth or power or positionis of supreme worth. I believe that the rendering of useful service is the common duty of mankind and that only in the purifying fire of sacrifice is the dross of selfishness consumed and the greatness of the human soul set free. I believe in an all-wise and all-loving God, named by whatever name, and that the individual’s highest fulfillment, greatest happiness, and widest usefulness are to be found in living in harmony with His will. I believe that love is the greatest thing in the world; that it alone can overcome hate; that right can and will triumph over might.

There are a number of strategies at play here. 1. Velocity Banking - This is where you take a 21 day interest free loan from the bank and apply 100% of your income to reducing your mortgage balance. 2. Be Your Own Banker - Again, you want to make your money work for you and with this strategy, you take the role of the bank owner, bank underwriter, lender and borrower. Your money needs to reside somewhere, you no better place then in the bank you own 100% of. 3. Your Investor DNA needs to be refined and targeted. Buying a business, buying real estate, or investing in private mortgages are 3 common ways to generate cash flow. That is the key. It’s not about accumulating cash. It’s about generating cash flow to replace your income.

Progress over perfection. Your future self will thank you.

Downpayment and Closing Costs Your down payment is a percentage of the purchase price and can be as little as 5% (or zero if available in your area) with as much as you like! It is extremely important to figure out how much of a down payment you have available and also where it is coming from. Your down payment can come from; your own resources (savings); Home Buyers Plan Withdrawal from RRSP’s; a Gift from a close family member; borrowed funds against proven assets; borrowed... funds by way of a loan, line of credit etc. (subject to qualifying); an Equity grant that is non-refundable from a federal, provincial or municipal agency; or Sweat Equity. The source and amount of your down payment must be approved by the lender when taken into consideration based on your overall application. This may result in you having to increase your down payment to qualify! It is much better to know this before you go house hunting as it could change your budget! Your closing costs will vary based on; the amount and source of your down payment, and qualifying for First Time Home Buyer Incentives. Your closing costs may include some or all of the following: GST, PST or HST on new Construction if not included in the purchase price; tax on the Mortgage Insurance Premium for less than 20% down payment; Appraisal Fees; Lawyers Legal Fees including survey, title insurance etc.; Land Transfer Tax; Home Inspection Fee; Status Certificates for Condos; Well and Septic testing fees; Prepaid Property Taxes; Property Tax Holdback to accumulate for when taxes are next due; Prepaid Condo Fees; Utility hook-up fees and deposits; and then anything else; and finally the actual moving costs (moving van, time off work etc.) I will calculate your actual closing costs as soon as you have an idea of your down payment & property type so you are prepared. Subscribe to my channel here: https://www.youtube.com/channel/UCT9NII9VWXTk68WWiXcQbZg

Economic Independence When reoccurring Cash Flow from Assets or Entrepreneurial Income that cover your basic expenses. Not a pile of cash. - state of having. Financial Freedom ... When money is no longer the reason or excuse why you would do or not do something. - state of being. See more

Just a reminder how we are able to conduct business while keeping you and your family safe.