Johnson Mortgage Hub
1200 Derry Rd E unit 6 L5T0B3 Mississauga, ON, Canada

Which one do you prefer fixed or variable? A fixed rate loan has the same interest rate for the entire duration, of the borrowing period. Borrowers who prefer predictable payments generally prefer fixed rate loans, which won't change in cost. One of the most popular fixed rate loans is the 25-30 year fixed rate mortgage. Many homeowners choose the fixed rate option because it allows them to plan and budget for their payments. This is especially helpful for consumers who hav...e stable but tight finances, as it protects them against the possibility of rising interest rates that could otherwise increase the cost of their loan. Also, fix rate loans give the borrower a piece of mind that the payment will remain the same. The con you miss out on a lower rate, and if you decide to refinance to take advantage of the rate you may be penalized depending on your mortgage terms. Vs. Variable rate loans have an interest rate that changes over time, according to the economy/market.The price of a variable rate loan will either increase or decrease over time, so borrowers who believe interest rates will decline tend to choose variable rate loans. In general, variable rate loans have lower interest rates and can be used for affordable short term financing. for consumers who can afford to take risk, or who plan to pay their loan off quickly, variable rate loans are a good option. The con the prime lending rate may fluctuate, which will cause your payments to fluctuate (the relationship to prime will stay constant over your term). So which one is good for you Before taking out a loan, it's most important to consider your personal financial situation and the specifics of each loan. Looking at these factors first can help you decide whether to choose a fixed or variable rate option. You should also remember that interest rate is only one part of the total cost of a loan. Other factors like term length, lender fees and servicing costs will also contribute to the overall expense. Your journey to home ownership is one call away #mortgage #MortgageBroker #mortgages #mortgagebrokers #MortgageLoans #mortgagelife #homeownership #torontorealestatemarket

Do low mortgage rates matter? mortgagerate #realestate #mortgage #realtor #newhome #mortgages

There’s no retirement like home. If you’re like most Canadian homeowners 55 or over, much of what you own fits into one of two categories the equity in your home and the money you have saved. Chances are, the value of your home has grown over the years and makes up a good portion of your net worth. While having a home that has built value is a positive, you typically can’t spend that value unless you sell your home. A Reverse Mortgage allows you to turn some of your home ...equity into tax-free cash. You can get up to 55%* of its value. It also ensures you have access to that cash whenever you want it. You’ll maintain ownership and control of your home without the obligation to make regular mortgage payments until you move or sell. The Reverse Mortgage is structured around you. You can choose to receive your tax-free money over a longer period of time or all together. It’s up to you. If at any time you want to repay the principal and interest in full, or switch to paying interest on an annual or monthly basis, you can do that too. Benefits Boosts cash Many seniors experience a significant income reduction when they retire. Monthly mortgage payments are the biggest expense for many. The money you get from a reverse mortgage is not taxable. You continue to own the home. If you are interested in a reverse mortgage, contact me and let's chat. You have nothing to lose, yet more to gain. Great packages exclusively to The Rate Shop, on reverse mortgages. . . . . . #reversemortgage #economy #realestateinvestment #wealthmindset #mortgageloanofficer #mortgagetips #mortgageloans #homeowners #wealthmanagement #moneymoves #bosslady #gta #torontorealestate #moneysavingtips #trader #hustle #instagram #billionaire #mindset #investor #stocks #inspiration #realestate #makemoney #millionairemindset #entrepreneurlife #moneyheist #likeforlikes #businesswoman

Whatever you want in life, go for it. Everything starts with a DREAM, a VISION. When you lose you also gain. If one thing fails,look for a different way or adjust the goal. Don't just give up.... The only person stopping YOU is YOU. Don't allow FEAR to get in your way. It is written that Fear defeats more people than any other one thing in the world." Your mind will not overcome fear but your action will. SUCCESS IS A MINDSET. . . . . #success #motivation #entrepreneur #business #inspiration #happy #goals #life #mindset #motivationalquotes #money #quotes #lifestyle #entrepreneurship #instagood #hustle #successquotes #leadership #marketing #happiness #fitness #wealth #happy #instagram #inspirationalquotes #believe #follow #positivevibes #startup #mortgage