Mona Judge
7050A Bramalea Road unit 14A L5S 1T1 Mississauga, ON, Canada

Mortgages - Buy, Build or Refinance #mortgages #mortgagesbymona #majesticmortgage #realestateinvesting #mortgagebroker #homeloans #refinancemortgage

May your year be just as joyful, warm, and happy as the beautiful festival of Lohri. Wish you a very happy Lohri! #lohri2021 #HappyLohri #brokermonajudge #majesticmortgage #mortgagesbymona #lohrifestival #mortgages

A co-borrower is any additional borrower whose name appears on loan documents and whose income and credit history are used to qualify for the loan. Under this arrangement, all parties involved have an obligation to repay the loan. For mortgages, the names of applicable co-borrowers also appear on the property's title. A co-borrower can be beneficial for a debtor who is unable to qualify for a loan or favorable loan terms. Having multiple borrowers on a loan can also increase ...the amount of principal credit approved on the loan. Frequently, co-borrowers are spouses or partners who choose to apply for a mortgage loan together on a house they plan to buy. By using the combined credit profiles and income from two borrowers, the couple can qualify for a larger mortgage than could be obtained individually. They may also receive a lower interest rate since applying with the credit profiles, and income levels of two borrowers make them less of a risk for default to the issuing lender. Both borrowers agree to make the payments on the loan. Both borrowers will also be considered owners of the property on the title when the loan payments are completed. #coborrower #coborrow #homefinancing #homeloan #mortgagebroker #mortgage #mortgageinfo #mortgagesbymona #brokermonajudge #mortgageadvise #getpreapproved #gtamortgagebroker #mortgagefaq #mortgagetips #mortgageapproval #realestate #ontariomortgage #torontomortgage #majesticmortgage #caledonmortgage #mississauga See more

Bridge financing is a loan that lenders provide to mortgage borrowers when the purchase of their new home is closing before the sale of their current home. Generally, bridge financing is needed when the down payment for the new home is coming from the sale proceeds of the existing home. Most standard mortgage lenders have a certain amount of money set aside for bridge financing, and therefore offer it to their customers that need it. You should know the dates for which you wi...ll need bridge financing (the sooner you know the dates, the better), and how much money you'll need, when you speak with your Mortgage broker. How Long Can I Have Bridge Financing For? The maximum period of time that you are allowed to use bridge financing for varies from lender to lender, as well as their terms and conditions. Some lenders will require the registration of a second mortgage on the title of your home for sale if the bridge financing is needed for an extended period of time. #bridgefinancing #bridgeloan #interimloan #bridgemortgage #refinance #homeloan #mortgagebroker #mortgage #mortgageinfo #mortgagesbymona #brokermonajudge #mortgageadvise #getapproved #gtamortgagebroker #mortgagefaq #mortgagetips #mortgageapproval #realestate #majesticmortgage

A home appraisal is a valuation of your property conducted by an expert licensed appraiser assigned to your case by a bank or other lending institution (generally at random, based on new banking regulations). Before your mortgage loan can be granted, a lender will order an appraisal during the loan process to accurately determine the market value of the property and ensure that the amount requested by the buyer is appropriate given the home’s conditions, features, and location. Home appraisers visit your property to assess the condition of the space and take an inventory of its features. #appraisal #homeappraisal #refinance #homeloan #mortgagebroker #mortgage #mortgageinfo #mortgagesbymona #brokermonajudge #mortgageadvise #getapproved #gtamortgagebroker #mortgagefaq #mortgagetips #mortgageapproval #realestate #majesticmortgage

Be a #homeowner in 2021! Make it Happen! #homeownership #homeownershipgoals #mortgagesbymona #brokermonajudge #mortgage #majesticmortgage #homeownerin2021 #preapproval #HomeLoans #mississaugamortgagebroker #newyearresolution

Do you have a full understanding of my role as a mortgage broker? Mortgage brokers provide a valuable service to their clients, and that is why there is an entire industry aiding home buyers and home owners. These clients are seeking one more of the benefits of working with mortgage brokers. #benefitsofmortgagebroker #mortgagesbymona #brokermonajudge #gtamortgagebroker #mortgagefaq #mortgagetips #mortgagetip #mississaugamortgagebroker #ontariomortgage #torontomortgage #mortgagetime #majesticmortgage #HomeLoans #debtconsolidation #badcredit #selfemployedmortgage #mortgagerenewal

Here’s to making more cherished memories in 2021! - Happy New Year #HappyNewYear2021

When you appreciate what you have, then you will receive more. When you are in this moment feeling gratitude for this moment you actually up your vibrational signal to attract more things to be grateful for. #appreciatewhatwehave #givethanks #gratitudeiseverything #CountYourBlessings #gratitudeattitude #blessedlife #mortgagesbymona #brokermonajudge #mortgagespecialist #majesticmortgage

The system weighs five characteristics of the borrower and conditions of the mortgage/loan, attempting to estimate the chance of default and, consequently, the risk of a financial loss for the lender. The five Cs of credit are character, capacity, capital, collateral, and conditions. #credit #5CsOfCredit #5c #mortgagesbymona #brokermonajudge #majesticmortgage #mortgageloans #creditrepair #mortgagetips #mortgageinfo

Wishing everyone a very happy and safe Diwali 2020 #Diwali2020 #deepavali #diwaliwishes #family

"May this Diwali bring with it fresh hopes, brighter days, and new dreams! Wishing you and your family a very happy Diwali!" #diwali2020 #majesticmortgage #deepavali #diwaliwishes #mortgagesbymona #brokermonajudge

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. Mortgage brokers exist to find a bank or a direct lender that will be willing to make a specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. There are several benefits to using a mortgage broker, including better rates and less impact to your credit score. #mortgagebroker #benefitsofmortgagebroker #brokermonajudge #mortgagesbymona #mortgagerates #gtamortgages #useamortgagebroker #majesticmortgage