Suki Nahal Mortgages

It's time to sell/buy a home or buy a home for the first time. Sukhi has guided customers to save time and money with the correct mortgage advice. Talking to a broker can help you with getting you approved.

1. Start saving. When your a first-time buyer, put your savings in an RRSP account. Keep putting money in a bank account. Lenders don't like cash under a mattress. 2. Reduce debt or don't take on new debt around mortgage application time. 3. Build your credit score. Use a visa card, get a higher limit and only utilize under 30% percent of the limit.

Great news for buyers who are getting a high ratio mortgage. CMHC will ease up on mortgage underwriting criteria. In 2020 the market was getting crazy, and CMHC increased the minimum credit score to 680. Now they are going back to 600 with 39/44 GDS/TDS. Fantastic!

I'll keep it simple. Variable is my favourite way to go. A lot more flexibility when it comes to your property and a minimum penalty for breaking your mortgage. I know it sounds weird to even think about breaking your mortgage before even getting a mortgage! The reality is people break their mortgages for often than you think for many advantages to upsize, refinance to unlock equity to purchase a new property, start up a business and debt consolidation. Another great reason to refinance is to use the equity and connect with a financial advisor and invest your money. For more information about mortgages or helping to solve your problem getting approved for your mortgage, reach out by email at [email protected] or dm.

Happy Canada day!

Yes, there's a difference between pre-approval and pre-qualification. And I want to make this clear as much as possible. When you get a pre-approval, you are not approved yet. Much confusion happens as the word approved is used in pre-approval, and I understand why it will be misinterpreted. As of right now, lenders are currently not doing pre-approval as it's still a seller's market, and there's no time to review documents for pre-approval. All you can get is a rate hold up ...to 90-120 days. To be transparent as possible when the file goes live for support, lenders tend to give better rates. ( best rate for your plans and goals) I do have a rate of 0.99%, but there are requirements to meet that rate. Secondly, When you get pre-qualified (which can be quickly done thru my mortgage toolbox app), no documents are being reviewed. The data that is given should be as accurate as possible. It's to get an idea of what may be your buying power. The last thing is, the best way to know exactly what you will be approved for is when all data is inputted in the system and with a hard credit check and all supporting documents. To be clear Preapprovals in no way mean you're approved.

Mindset Monday.

Yes, you will need a notary when completing your home. We all can get distracted from the buying process and focus on the purchase price and how much you are pre-approved for a mortgage. There's a lot of upfront costs when it comes to the completion of a home. The good news is we will educate you before, so you are well prepared. If you are looking for a great Notary, I can refer you to one. For a free consultation, call Sukhdeep C: 6042186014 or email [email protected] #happymonday

Becoming a home owner is easier then you think, lets chat. Let's see if there's an opportunity for us to work together. Have a great weekend! #goals

Every file is fundable! We ain't here pulling rabbits out of hats, we learn, study and follow up with many lender to work their guideline to fit your goals and use your data to make sure it's what the lender is looking for. All lenders are not created equally. So when you go to your bank and get pre approved, it's very likely we can get you more approved as we have options. Contact me at [email protected]... Or DM #nahalmortgagesinvancouver #mortgagebrokers #realestate #goals #broker #rates #vancouver #richmond #tsawwassen #ladnervillage

Even though we all are getting the jab, you still are not 100% safe from the virus. Do your part where ever you are. Wear masks, keep your distance and sanitize. I can't wait till it's all over. #staysafe

Goal, plan and action! What does that mean to me? As brokers, we don't just approve mortgages; we help families grow and assist them in reaching their goals. Brokers like me want to assist families with the right strategy and action.... A mortgage is not about just the rate; it's about the best rate that works for your future goalsUpsizing, downsizing or happy with the exact size of the house. It can change many other things such as saving for education, a hobby, renovations etc... Brokers don't just approve mortgages. We out here helping families change their lives. #nahalmortgagesinvancouver #goal #realestate #vancouver #richmond #family

To be entered into this next draw to support local businesses answer this question. After covid is over, where would be the first place you want to travel? One entry to to answer the question.... One extra entry when you tag a friend 2 extra entries when you share it on your story. Get your entries in! #supportlocal

#mindsetmonday #nahalmortgagesinvancouver

And the winners are... Lisa and Harry. Congratulations on winning this week's draw. Stay tuned for next week's giveaway. If you have a business you want to nominate I would love to hear from you and I'm sure the small businesses owner would love it too. Link is in bio to nominate and join VIP (enter into the 17 remaining draws) #ove-19challenge ... #supportlocal #nahalmortgagesinvancouver #cleartrustmortgages See more

Hey freind Im doing a love 19 challenge where I support 19 different business as covid has impacted alot of small business by buying a gift card for $25 or somehow give a person credit towards the business. I do a giveaway once a week. This week I'm giving away a $25 to Little Mexico Catina. To be entered into the contest awnser this question. Which day of the week you love tacos? ... Also. I got two questions Q1 Do you have a business you want me to nominate ? Q2 Can I add you to my VIP to be entered into 18 reaming draws ? Here's the link to enter into the remaining 18 businesses to support locals and nominate a business. Lets show some local love! https://sukhdeep.love-19.com/

New stress test coming in place. Craziness in sales will break out. They think new stress test will drive the housing market prices down