Mortgage Specialist

The First-Time Homebuyer Incentive program allows buyers to finance a portion of their home purchase through a shared equity mortgage with the Government of Canada. Make your dream of home ownership a reality - contact me today!

As a mortgage professional, I work for you to make sure you get the Right Mortgage. My services are at no cost to you*, so contact me today to find out your options! Masitah Trudel 780-99 44 208 *OAC. Some conditions apply.

When buying a home, do not forget to budget for closing costs. Closing costs differ according to the province you are buying in. It is always a good idea to discuss how much to budget for closing costs with your broker when applying for a mortgage.

A great article explaining credit score and how to improve it.

For those who are currently renting, there is more good news. Your rent payments are now reported to Equifax, which will bolster your credit score. As with all your other bills, keep paying your rent on time and keep to your rental agreement.

This article explains the main differences between the reports provided by Equifax and TransUnion, which are the two main reporting agencies used by Lenders in Canada. A good credit score is essential in obtaining loans.

Do you need to access the equity in your home? Perhaps to pay off existing debt or to access funds for an expense? Or perhaps, it is time to renew your mortgage? What is the difference between a renewal and a refinance? This is a great article explaining both and the pros and cons for each.

If you’re out there shopping for a mortgage, note that: Lenders are at least two to three times busier than normal. And yes, application volumes for purchases a...re still high, meaning people are still buying homes. Given that more than half the mortgage industry is working from home, allow 30 to 45 days minimum to close. Remember, there will be fewer mortgage brokers, fewer lawyers, fewer appraisers and so on. Lenders are sorting by underwriting purchases first, renewals second and refinances last. If you want a quick close on a refinance, good luck. Your best odds will be with a lender advertising higher rates. If you want a home equity line of credit, apply yesterday. Recessions are not conducive to great HELOC deals. Amazingly, you can still find HELOC rates near prime. If you get a five-year fixed rate, try your best to pick a lender with a fair interest rate differential penalty. In a few years, you may need the flexibility to refinance or sell without huge penalties, even if you can’t envisage it today. Your time is valuable. Contact the Brokers For Life Team for more guidance.