Luigi Iafrancesco, CPA, CMA
1246 Greene Ave Suite A H3Z 2A3 Westmount, QC, Canada

Everyone knows not to leave cash on the kitchen counter or jewelry sitting on your nightstand before an open house but there are other things besides valuables you should think about stashing away. LEARN MORE ---> https://bit.ly/3DU2xTi

Wishing you and your family health, happiness, peace and prosperity this Christmas and in the coming New Year.

At this moment interest rates are forecasted to increase within the next year. HOWEVER, there is currently a significant discount between the variable and fixed rates AND the main benefit of having a variable mortgage is the minimal penalty of only 3 months of interest should you need to break the mortgage. Do you have questions about mortgages? Get in touch with me.

Canada’s real estate industry has been through much uncertainty these past two years thanks to the COVID-19 pandemic. When it comes to financing, lenders are now breathing a sigh of relief and are approaching 2022 with a more positive outlook, yielding new potential investment opportunities. Get the full story ---> https://bit.ly/33i6Fjl

The rule of thumb is that you can qualify for a purchase of 4 to 4.5 times your gross revenue (without any debt). You also need to remember that the stress test is currently based on a 5.25% vs. actual rates varying between 1.5 - 2.5% Do you have mortgage related questions? Get in touch with me.

Banks can refinance up to 80% if the value of your property; therefore if you have any outstanding debt with higher interest rates we can take out a mortgage to pay those off and benefit from a lower rate.

These days it feels like the only way to buy a home is to have someone give you some or all of the down payment. And the rules around down payments in Canada are strict. If you’ve been fortunate enough to be gifted with a down payment, your lender may have asked you to provide a mortgage gift letter. Read this article to learn more about mortgage gift letters ---> https://bit.ly/31ra9z1

The process of finding a home, fixing it, and then selling is not as glamorous and easy as it looks on TV, especially if you’re a rookie. However, you can be successful if you work with the right REALTOR and know what to look for. Read more ---> https://bit.ly/3p2K01Q

Securing a mortgage preapproval is one of the first steps to buying a home. It allows you to search for houses within your budget, make a serious offer and streamline the closing process. But don't expect your mortgage preapproval to last indefinitely. Learn more mortgage preapproval ---> https://bit.ly/3FuWCW2

LAST CALL! Don't miss the Rotary Club of Westmount's art auction. Over 100 works of art will be on display everyday from 10 AM to 4 PM until November 21 (Montreal Art Centre, 1844 Rue William). You can view the online auction here ---> https://bidandraise.com/auctions/rotaryart2021/ Funds raised will be used to continue to support those in need in our community; the homeless, the hungry, the poor and abused women and children.... For more information, contact [email protected]

TikTok may seem to be dominated by Gen Z and trending dances, but many people have taken the opportunity the platform provides to put themselves out there in a way that wasn’t available before. Here are some tips on how to use Tik Tok for real estate ---> https://bit.ly/3HjWdaO

Buying a house can be a very emotional process. One of the best things you can do is work with a REALTOR who can guide you through the process. They know all the techniques and terms and can help you navigate the often-confusing world of real estate listings. Not to mention, REALTORS have a list of trusted professionals they can share with you. Read the full story here ---> https://bit.ly/3bZRMDq

At the end of an unprecedented year, I would like to take this opportunity to wish you and your family a New Year of health, happiness and prosperity!

Wishing everyone a happy and healthy holiday season!

COVID-19 pandemic has had a dramatic impact on our lives. For those in the real estate industry, one of the most notable changes has been the emergence of live stream open houses and virtual tours. Here are a few tips on how to get your home ready for a live stream open house or virtual tour ---> https://bit.ly/3nKFumB

Mortgage pre-approval is one of the first and most important steps in the home buying process. Whether you are shopping for your first home or you are an experienced home buyer, read my latest article to learn more about the importance of getting pre-approved. #mortage #preapproval #firsthome #mortgagetips

As we enter the final stretch of this bizarre and challenging year, one of the country’s largest brokerages is forecasting more healthy home price growth and strong buyer demand for 2021. Read the full story here ---> https://bit.ly/2KpFRo4