Joël Beaupré Courtier hypothécaire / Mortgage Broker

Ok who’s been paying attention?! On friday we talked about one of the key benefits of having a mortgage broker negotiate your renewal for you. Remember we work for you, not the banks! Go two posts back to read more about the buying power of banks and why it's important to work with a qualified mortgage broker on your renewal.

Ok we know its Sunday which is a rest day but this is really important and we wanted to share. If you are getting a lower rate at renewal, keep your mortgage payments the same!! You're probably thinking WHY go to all the trouble of negotiating a lower rate, only to make the same monthly payment? But we have a good reason for that! While lower monthly payments could increase your cash flow, it most likely wouldn't be by much.... However, keeping the same monthly payments at your renewed lower interest rate means reducing the overall amortization and paying your mortgage off sooner - giving you maximum bang for your money. For added acceleration, make sure you are paying accelerated bi-weekly payments to shave a few years off the repayment of your mortgage! See more

A bank is just like any business - they are in business to make money and the Canadian big five banks make billions of it! Think of the bank's posted rate as the number the banks want to sell you on in order to make the greatest amount of profit on the interest you pay. This number has significant room to negotiate down from so don't be afraid to negotiate. Working with a mortgage professional gives you buying power when... negotiating as a successful mortgage broker that has significant volumes of business could very well secure better rates on your behalf. Do you want to negotiate one mortgage or have a mortgage professional who is negotiating hundreds a month do so? Chances are volumes tend to secure better rates! See more

Did you know that at the time of renewal your mortgage has an open option that can allow you to make a lump sum payment to your mortgage without penalty? This is your opportunity to make a serious dent in your amortization and save in total interest costs because every dollar goes to paying down the principal and there are no pre-payment limits. Regardless of the amount of the lump sum payment, the principal reduction has a benefit to you and reduces the... interest cost you pay over the life of the mortgage. See more

We know everyone is currently in their new year, new me mindset, so we thought it would be a great time to talk a bit about financial planning and the importance of it, no matter what stage you are in your life. Swipe to learn about what a Financial plan is! Do you have a financial plan? Have you ever thought about one?... Stay tuned for more content from us this month on this topic See more

We hope you all enjoyed our content from the last month as we talked about personal finance! This month we thought it would be a good idea to share some important info on mortgage renewals and best practices for paying off your mortgage. When you look at your current mortgage payment, it is important to assess it and look at ways to increase your payment to accelerate the repayment of your mortgage. We recommend that homeowners round up... their mortgage payment to the nearest $50 or $100 every year and take advantage of the prepayment options in their mortgage contract to accelerate payments. This little strategy can shave years off your mortgage amortization when done annually. Chances are you received a raise in salary over the past year so give your mortgage payment a raise! See more

Bonne et heureuse année à tous! Happy new year to all!

Joyeuses Fêtes! Happy Holidays!

Avez vous pensez à refinancer votre maison? Vous pouvez potentiellement faire de grosse économies! Taux assurés aussi bas que 1,40% Contacter moi pour une consultation gratruite!... Have you thought of refinacing? You could possibily save big! Insured rates starting at 1.40% Reach out for a FREE consultation! https://montrealgazette.com//this-might-be-the-season-to-r

As expected the Bank of Canada holds its interest rate at 0.25%. This translates to low rates for the forseable future. Give me a call for a free consultation. Insured rates for purchases or switches as low as 1.49%. Tel qu'anticipé le taux directeur de la banque du Canada reste inchangé. Les taux hypothécaire risque de resté bas encore un moment. Contactez moi pour une consultation gratuite. Les taux assuré aussi bas que 1.49%.

I have FREE electronic copies of the Homebuyer Guide. Message me to get your today! J'ai des copies électronique du Guide de l'Acheteur. Contactez-moi aujourd'hui pour obtenir votre copie GRATUITEMENT!

Apples not Oranges #BoostingMyBusinessWithScarlett

Lest we forget!

Thanks Paul Taylor for breaking down why it is important to deal with a mortgage broker. Best of all most of our services are free! Merci Paul Taylor d'avoir clairement expliqué l'importance de faire affaire avec un courtier hypothécaire!... En plus, la vaste majorité de nos services sont gratuits! Mortgage Professionals Canada https://bc.ctvnews.ca/purchasing-a-home-in-2020-mortgage-pr