Kaitlyn Vickery

This is why it is so important to NOT only consider rate when purchasing a home! CIBC charged this family a $47,000 penilty to break their mortgage! https://toronto.ctvnews.ca//american-who-sold-home-in-toro

We went tubing last night, so much fun.

You’ve got your downpayment and you’re ready to go. Congratulations! Soon you’ll need to verify that downpayment for your mortgage approval. It’s required by all lenders to protect against fraud and to prove that you are not borrowing your downpayment, which changes your lending ratios and potential approval. Here’s how to prepare: 1. Provide a 3-month history of any bank account(s) where you have been assembling your downpayment. It’s critical that your name is linked to the... account; some internet print outs don’t show a name. 2. If you had any large deposits, show its source i.e. if you sold your car, show a copy of the bill of sale. If you transferred money in from another account, bring the records for that account too. 3. If all or part of your downpayment will be a gift, a gift letter must be signed. A bank statement from the giver will verify the funds. Be prepared to show the funds deposited to your account no later than 15 days prior to closing. Gifted funds are only acceptable from immediate family members (parents, grandparents, siblings). 4. If using RRSP money, provide a 3-month history of the account. If you are withdrawing under the Homebuyer’s Plan, the funds must have been in the account for 90 days. 5. If you are getting money from outside the country, get the money into Canada at least 30 days before funding, and provide a 90 day confirmation from that location. 6. Regularly deposit all cash in the bank, don’t stockpile at home. 7. If your downpayment is coming from the sale of your home, provide a firm contract of purchase and sale and the current mortgage statement. 8. You’ll also need to verify that you have an additional 1.5% of the purchase price to cover closing costs.

Let's get you pre-approved.

So thrilled to have helped this family get into their new home. They were tested during the process with a fire! But we pulled through and got everything closed. They are now making their new house a home. Congrats! Special sign made by @whiskeywineco

1.59% fixed 5 years!! High ratio. Must close before November 16th! Rates are extremely low right now!

We had an online mortgage conference today and @garyvee was a guest speaker! Great content.

A client gave me these lil babies, how do I care for them instagram??

First day of grade 2!

Do you have questions about your mortgage? Things have been changing by the day and I know there is a lot of people out there worried about the future and their mortgage. Most lenders have announced deferral options, this means you can defer your payments till things get better, So if you currently have 20 years 6 months left on your amortization and you defer payments for 4 months you will still have 20 years 6 months on your amortization once you start making payments again.... If your lender allows this it will not effect your credit score. For those with insured mortgages (CMHC, Genworth, CG) - typically those who put less than 20% down payment when they purchased - the insurers are also offering payment assistance programs and payment deferral programs to help navigate through these moments. Given everything that is going on, please be patient as the lenders are extremely busy trying to handle the influx of calls with everything going on. If your not sure who your mortgage is with, you should have gotten your 2019 mortgage statement in the mail within the last month or so. It will have your lender, reference number and customer service number on it. Below is a list of all the insurers phone numbers along with most lenders phone numbers. If you have any other questions, even if I did not do your mortgage please send me an email and I will be happy to help you in this difficult time. [email protected] Customer Service Numbers below: CMHC: 1-800-668-2642 Genworth: 1-800-511-8888 Canada Guaranty: 1-866-414-9109 ATB 1-800-332-8383 B2B 1 800 263 8349 BMO 1-877-895-3278 Bridgewater 1-866-243-4301 CIBC 1-800-465-2422 CMLS 1-888-995-2657 Optimum 1-866-441-3775 Equitable 1-888-334-3313 Connect First 403-736-4000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National 1-888-488-0794 Haventree 1-855-272-0051 Home Trust 1-855-270-3630 HSBC 1-888-310-4722 ICICI 1-888-424-2422 Manulife 1-877-765-2265 MCAP 1-800-265-2624 Merix 1-877-637-4911 Marathon 1-855-503-6060 RBC 1-866-809-5800 RFA 1-877-416-7873 RMG 1-866-809-5800 Scotia 1-800-472-6842 Servus 1-877-378-8728 Street Capital 1-866-683-8090 TD 1-866-222-3456

Thinking about buying your first home? This may be your golden moment. Mortgage rates are dropping! The qualifying rate is changing April 6th and it’s a great season to shop for a new home. You probably have some good questions before you jump in to home ownership. How much downpayment do I need to save up? Is the best mortgage just the one at the lowest rate? Will I find a house I love at a price I can live with? That’s good; this is the time to ask lots of questions. I have... the answers you need to make an informed decision. I can assess your situation to help you determine if it’s the perfect time to jump in, and can pre-approve you before you start shopping for a home. Dm me! See more