Jerry Feth Mortgages
Port Dover n0a 1n4 Port Dover, ON, Canada

Wishing you all good health, happiness and prosperity in 2021! A little humour always helps....

Simcoe & District home sales break record for October as average prices hover near record levels

It looks like the momentum will continue.

Not a bad spot for a client meeting on this beautiful sunny day!

https://www.canadianmortgagetrends.com//dont-let-closing-/

What are my Refinance Options during COVID-19? While the Government has provided some programs to help with cash flow through this difficult time, you may still need some extra funds to make it through. With the uncertainty of when our economy will recover from the Corona virus, you may be wondering if you can use some of the equity in your house to help with your other monthly commitments. Let's review your options;...Continue reading

Written by an Ontario lawyer *****Landlords and tenants!!!!!***** anyone who knows me knows I am very active in LTB issues and what's fair. If the tenant is rig...ht I will fight tooth and nail if the landlord is right I will do the same... So please let me explain what happening NOW in this pandemic. I have had ALOT of people call me and ask about their rent and how this affects them. 1. Mortgage companies ARE allowing deferred payments for owners. WHAT DOES THAT MEAN?? It means that an owner can take a payment that is due NOW and MOVE it to the end of their mortgage. BUT ONLY IF IT ON A RESIDENTIAL HOME NOT A RENTAL BUILDING!!! SOOOOO they STILL have to pay the mortgage!! The government UNDERSTANDS this. That the owners are still having to pay the mortgage AND all the Bill's that go with it. OWNERS ARE NOT GETTING A FREE RIDE because of the epidemic. The government is NOT Forgiving their mortgages they just got the banks to allow owners to MOVE the payments around. THAT being said the GOVERNMENT is however GIVING money to people in need for EXACTLY that reason to be ABLE to pay your rent and not put owners in jeopardy of having to declare bankruptcy. YES it is true they did stop evictions from CONTUNUING FOR NOW. Does this mean you don’t have to pay your rent NO it does now. Does this mean you should NOT get an N4 notice NO! You should and will .because IF you make the actual decision to not pay...the MINUTE this is over I guarantee you there will be an overwhelming amount of evictions without mercy because you were given the money from the government TO HELP PAY your rent. If you really do have to Not pay your rent 2. DO NOT HIDE FROM YOUR LANDLORD-talk to them. Explain and see if they will work with you!! The rent isn't even due yet and I'm already getting calls for owners asking for help because tenants feel if the owners don’t pay their mortgage then they DESERVE free rent. Sorry I disagree completely. Pay your rent as best you can because just like at some point the owners have to make that mortgage payment...the tenants WILL end up getting evicted and I'll be hired to chase your paychecks to recoup the money. THINK AHEAD PLEASE!! See more

https://lfpress.com//more-homes-were-sold-in-canada-in-jul

https://www.citynews1130.com//bank-of-canada-expected-to-/

COVID-19 NOTICE FINANCIAL HELP FOR AFFECTED HOMEOWNERS The Minister of Finance has directed banks to support Canadian households experiencing hardship caused by COVID-19.This may include situations such as pay disruption, childcare disruption, or illness. Immediate assistance now available includes deferral of mortgage payments, extending amortization to reduce mortgage payment amount and special payment arrangements on a case by case basis.... If you have questions, please message me and I will help in any way I can. This is a summary only. Please click on the link below to read the entire announcement by the Government of Canada made March 18, 2020.

https://www.theglobeandmail.com//article-canadas-big-bank/

What the Bank of Canada rate cut means for mortgages.

Absolutely - or least recognize that the rural Ontario real estate market is not the same as Toronto or Vancouver and should not be painted with the same brush.

The Bank of Canada abandoned its rate-hike bias in today's rate hold announcement. It also revised down its estimated range for the "neutral rate" to 2.25% to 3.25% from 2.50% to 3.50%. ow.ly/zWOR50rrZ04

Great news for Home Buyers just announced in Federal Government Budget!

If your looking to buy or refinance, I can help you navigate the financing process and explain the new mortgage Stress Test qualifying rules.

I have private mortgage money available to lend for farms, hobby farms and rural properties. Call me today to learn more

https://www.cbc.ca//business/cmhc-self-employed-mortgages-

The Bank of Canada has increased the prime rate another quarter-point interest and said more hikes are likely coming! If you have any questions, please feel free to call me. Jerry Feth 529 732 0436