marcfernandezmortgages

H O M E. Learnt first hand that the virus is no joke. I tested positive for Covid a couple of weeks back and the symptoms were more severe than what I have been hearing others experience. I isolated at my sister’s house whose household was also positive. The hardest part was being away for 5 days from my daughter and wife. It feels great to be back home. Thanks to my clients for the patience while I was off work. Thanks to my family who took care of me and helped in my househ...old while I was away. Moving forward, I will be putting a little more focus on health. I mean, how are you supposed to get that home you wanted without me .

So 2022 is here and you've made one of your goals for the year is to own and live in your first home! As a first time home buyer, you have the following benefits below that you can take advantage of. 1) Property Transfer Tax Exemption - If you are purchasing an existing "resale" property that is $500,000 purchase price or less, you are exempt from paying property transfer tax. You get a partial redemption if the purchase price is under $525,000 (the government should really ...up this amount for buyers in B.C. right?!). 2) RRSP Home Buyer's Plan (HBP) - Withdraw up to $35000 from your RRSP towards the purchase of your first home tax-free! 3) CMHC First time Home Buyer Incentive - Obtain an incentive of 5% of purchase price in addition to your 5% down payment.This is a share-equity plan to help lower your mortgage payments. 4) First Time Home Buyer's Tax Credit - Claim $5000 on your taxes to receive an additional refund on your return. As always, feel free to contact me if you have any questions!

Work with a mortgage broker that will be with you from day 1. This specific file above was 2 years in the making. Clients and I worked together as a team throughout the 2 years to finally achieve their brand new, beautiful Surrey townhome. J.K. and P.B., your patience and determination to get your finances in order to accomplish your real estate goal was a pleasure to witness. Honored to be a part of it. Thanks for the awesome Google review . #5starreview #googlereview #marcfernandezmortgages #relationships #longlastingrelationships #mortgagebroker #mortgageadvisor #mortgage #mortgages #mortgageprofessional #mortgagerefinance #buyingahome #qualifying #qualifyingforamortgage #homeownership

Before the year is through! Cheers to all those who faced challenges in 2021. We continue to be in this together. Cheers to my supporting wife, daughter, family, and friends. I got your back always.... Cheers to my realtor partners and how you navigated through this unheard-of-a-market to still obtain accepted offers. Cheers to my clients. Being part of a huge moment of your life with buying a home makes the long nights and dedication all worth it. 2021 is a wrap. I see you 2022! <3 Marc Fernandez, Mortgage Professional #newyears #happynewyears #2022 #cheeeers #whisky #whatayear #whatayearitsbeen #begrateful

To start, let's revisit 2018's real estate market. We saw incredible jumps in the price of real estate for the last 2+ years, where multiple and subject-free offers occurred. As a buyer, you would get outbid over and over again. Sounding familiar so far? However, the biggest change in 2018, was the introduction of the mortgage stress-test, where clients must qualify at a higher interest rate that what they are paying for. Accompanied with rising rates, real estate prices mos...tly flat-lined with some small dips, but overall still a win for those who got into the market. Fast forward to the end of 2021, where we saw the real estate prices shoot up at an even faster pace, despite facing a higher mortgage stress-test rate than before. The forecast for 2022 does involve a rise in rates, but is it enough to see a change in the overall real estate market? Or will an introduction or revision of a mortgage policy need to occur like the one in 2018? Ofcourse, there are so many other variables to consider, but one saying that is becoming harder to ignore is that "The best time to buy real estate was yesterday." #housing #realestateforecast #predictions #homeownership #costofliving #livingincanada #buyingahome #rentingahome #mortgage #mortgages #mortgagebroker #mortgagespecialist #homefinancing #realestatebc #realtor #canadianrealestate #canadianhousing

Planning mode at the moment. Big goals ahead for the new year? #quoteoftheday #motivation #newyear #samegoals #dreambig #hustle #grind #2022 #freshstarts #newfeels #newchances #goals #newopportunities #instagoals

Used Asia's tiktok account to make this video! Last week, I announced that 5 of my clients will win a $100 Keg Gift card each! Congratulations to: 1) @paulvmiro @bethalymiro 2) @kins_t ... 3) Sang and Thuy 4) @sergio_sir_joe and family 5) Elvis and Amy Merry Christmas everyone! #draw #winnerwinner #Thekeg #giftcard #giveaway #congratulations #clients #merrychristmas #happyholidays

I know we've been hit with last minute restrictions, but hopefully we can still be in good spirits for the holidays! You may think that I'll be off for a break, but currently working on 2 purchases and 2 refinances closing in the next two weeks. Then will take time off in January for my sister visiting in town. #merrychristmastoall #andtoallagoodnight #workhard #Christmastime #holidays #holiday

When it comes to many different lender access, I take FULL advantage! !I go through all the options a mortgage broker has and thoroughly go through different mortgage lenders' programs, policies, and most importantly..promotions! This specific mortgage funding above fell into a certain lenders promotional period where we obtained a fixed rate of 1.59%! That rate is long gone at this time, but I'm proud to be able to catch in time for my client's purchase. Congratulations again S.S. and thank you for the awesome Google review . #5starreview #googlereview #marcfernandezmortgages #relationships #longlastingrelationships #mortgagebroker #mortgageadvisor #mortgage #mortgages #mortgageprofessional #mortgagerefinance #buyingahome #qualifying #qualifyingforamortgage #homeownership

To all my clients, your Christmas cards are in the mail! Just like last year, hope you win something from the scratch ticket, and ofcourse feel free to share with your favorite mortgage broker if you do . This year, I will be doing a draw of five $100 Keg giftcards for five lucky families/clients whom I've helped obtain a mortgage over the years. Will be doing the draw next week so stay tuned! *fun fact, I bartender for the The Keg for 8 years before going to into the finan...ce industry! Happy Holidays everyone! #holidays #Christmastime #inthemail #holidaygiveaway #scratchnwin #thekeg #giftcards #clients #christmascards #holiday #happyholidays #realestate #realestatebc #mortgages #imyourfavoritemortgqagebroker

The annual review done by the Office of the Superintendent of Financial Institutions was completed yesterday deciding to not change the mortgage stress test rate despite rising home prices through Canada. Here a reminder of what the stress test is. And NO, it is not a measurement of how stressed you get when applying for a mortgage (besides, working with me is stress-free ). The stress rate is the qualifying rate used when applying for a mortgage. This means that even though... you are getting a low rate, you'll need to qualify for the higher of either 5.25% or 2% over your current rate. This is great news for those still looking in getting into market, but it is uncertain how long this stress test remains at its current calculation meaning its better to act sooner than later. Have a great weekend! #tipoftheday #newsoftheday #mortgagenews #mortgageadvice #mortgagepost #mortgage #mortgages #mortgagebroker #Canadianlending #stresstest #stressfree #calculate #realestate #realestatebc #realtor

The holidays can come and go real quick. Get your presents done, get your errands done, get your year-end goals done, and make sure you make the most of it and spend time with your family and friends! Is it just me, or is December going by so fast? #holidays #happyholidays #familytime #familyandfriends #tistheseason #yearendgoals #instagoals #holiday #December #selfemployed #timetogive #mortgage #mortgages #mortgagebroker #buyahome #mortgagespecialist #realestate #realestatebc #realtor

Lots of late nights spent this year in this home office. At least for the month of December, I have one of our Christmas trees to look at while I work. As expected, this month still remains busy in the real estate market and purchase offers continue to be far above listing price. P.s. You will notice that my tree is present-less at the moment. Feel free to send me a gift . I've been good this year. ... #happyholidays #December #Christmas #Christmastree #holidays #realestate #realestatemarket #realestatebc #mortgage #mortgagefinancing #mortgagebroker #gifts