Mortgages By Colleen

I have always said 'it's not just about the rate'. Of greater significance is the pre-payment privileges and here is a great example. The banks discount your mortgage and then if you pay off your mortgage early, you have to reimburse them your discount. It doesn't have to be this way, call me if you want further info https://www.cbc.ca//b/mortgage-penalty-pandemic-1.5588741

First step, how much can you afford before you start looking for a home!

Interesting article. Are companies that are in the process or have gone bankrupt really due to COVID-19? Or is this just the catalyst for a process that was already underway. This could be a blessing for both large and small businesses to finally close their doors and move onto something more profitable and less stressful. Sometimes after investing so much of ourselves and time in our business, we can't imagine walking away from it. Just a different perspective https://www.cbc.ca//business/coronavirus-economic-change-1

Are you familiar with Lewis Howes & his company School of Greatness? Just listened to a podcast "Level Up High Performing Training" with great takeaways. 1- Face adversity & turn it to your advantage 2- Don't beat yourself up with your mistakes, address it, own it & be better 3- develop habits to maintain a healthy body, peace of mind & a healthy heart 4- Live a life of service ... Check out all of Lewis Howes podcasts and interviews with the: Robin Sharma, Kobe Bryant, Tony Robbins to name a few! https://lewishowes.com/sogpodcast/

A number of things to consider about keeping our homes safe!

If you are purchasing a home, great article to read about additional costs you may not consider on closing. Make sure to get the exact amount of monies required on your closing date. https://www.canadianmortgagetrends.com//dont-let-closing-/

If your income or your business has been dramatically impacted during COVID, possibly I can help you relieve some of your financial stress https://www.mortgagebrokernews.ca//financial-stress-index-

To help you plan your Mortgager requirements, Bank of Canada doesn't expect rate increases until 2023 https://www.canadianmortgagetrends.com//bank-of-canada-hi/

Regardless of your age, it seems crazy to think about retirement income but the years creep up quickly. Get ahead of the curve and consider contributing to your RRSP so you don't end up in your 50's and you have missed the investment growth. https://www.nasdaq.com//nearly-50-of-near-retirees-are-sor

Are you a First Time Home Buyer? Check out the various ways that will help you save some money on Land Transfer Tax, Tax Credit, Housing Rebate, all good stuff for sure https://www.huffingtonpost.ca//first-time-homebuyer-rebate

Are you a First Time Home Buyer? Check out the various ways that will help you save some money on Land Transfer Tax, Tax Credit, Housing Rebate, all good stuff for sure https://www.huffingtonpost.ca//first-time-homebuyer-rebate

I have received a number of calls about the change to CMHC's rules which particularly impact High Ratio Mortgages and First Time Buyers. As you can see in this article, the change has been made by CMHC but there are 2 other Mortgage Insurance Companies: Genworth and Canada Guaranty and they will not be changing their criteria. The changes pertained to: Debt Servicing Requirements, Credit Scores, Source of Down Payment. It is more important than ever to keep your credit rating pristine, especially if you are going to require any financing in the near future! https://www.canadianmortgagetrends.com//genworth-and-cana/

I have always said 'it's not just about the rate'. Of greater significance is the pre-payment privileges and here is a great example. The banks discount your mortgage and then if you pay off your mortgage early, you have to reimburse them your discount. It doesn't have to be this way, call me if you want further info https://www.cbc.ca//b/mortgage-penalty-pandemic-1.5588741

First step, how much can you afford before you start looking for a home!

Take a look and listen to our very own Karen Baring being interviewed by Jessica Kaitting on Halton News about BusiWomen and how this community supports like-minded women in their business through networking and Mastermind groups. Great job Karen, so proud to see you on TV!! https://www.yourtv.tv/node/263626

Interesting article. Are companies that are in the process or have gone bankrupt really due to COVID-19? Or is this just the catalyst for a process that was already underway. This could be a blessing for both large and small businesses to finally close their doors and move onto something more profitable and less stressful. Sometimes after investing so much of ourselves and time in our business, we can't imagine walking away from it. Just a different perspective https://www.cbc.ca//business/coronavirus-economic-change-1

As we remember those that fought for our freedom, take time to remember the heroes that gave their lives to protect us. Here is a story told by Sam Elliott of one of those heroes on Omaha Beach, so very touching https://www.youtube.com/watch?v=MdzWRdZgan0

Are you familiar with Lewis Howes & his company School of Greatness? Just listened to a podcast "Level Up High Performing Training" with great takeaways. 1- Face adversity & turn it to your advantage 2- Don't beat yourself up with your mistakes, address it, own it & be better 3- develop habits to maintain a healthy body, peace of mind & a healthy heart 4- Live a life of service ... Check out all of Lewis Howes podcasts and interviews with the: Robin Sharma, Kobe Bryant, Tony Robbins to name a few! https://lewishowes.com/sogpodcast/

A number of things to consider about keeping our homes safe!

I would love to receive your input! http://mortgagesbycolleen.ca/whats-the-difference/