Parul Verma- Mortgage Alliance

Congratulations to all my clients for achieving your goal of homeownership! Great work in achieving this milestone and being open to finding the best solution to your goal. If anyone have questions regarding mortgage, feel free to give me call at 902 802 2345 Big thanks to my existing client for trust and congratulations again! Keep building your equity.

Refinancing your mortgage or obtaining a HELOC (home equity line of credit) is a great way to fund a home renovation. You get access to the cash you need at a lower borrowing cost. Reach out today to see the options available to you.

We know that borrowing money is harder for self-employed Canadians which is one of the reasons why working with a Mortgage Broker is so important. Brokers have access to lenders who specialize in self-employed mortgages and understand the challenges that business owners face. If you are self-employed and looking to buy, renew or refinance, send me a message!

If your mortgage is coming up for renewal in 2022 send me a message or give me a call. It is your opportunity to renegotiate your mortgage and possibly save thousands. Automatically renewing your mortgage with your current lender could mean you don’t get the best mortgage rate and terms you may qualify for.

A mortgage pre-approval lets you know how much mortgage you can carry based on your qualifications. Being pre-approved for a mortgage saves you time and increases your negotiating power when you find the home you love. If you are thinking of buying, send me a message for a pre-approval. It’s quick, easy and free.

Using a mortgage broker gives you access to lending options you can’t get on your own. We deal with many lenders, from major banks to private lending options. This gives you more choices with one simple call. Reach out today to schedule a free consultation.

Your credit score helps determine how much money you can borrow and the interest rate you will pay. It is important to keep a good credit score. To help with this don’t go over your credit limit and try to use less than 35% of your available credit. It’s better to have a higher credit limit and use less of it each month. For example, if your available credit is $15,000, try not to borrow more than $5,250 at a time, which is 35% of $15,000. If you use a lot of your available credit, lenders see you as a greater risk. This is true even if you pay your balance in full by the due date. If you have any questions, always remember I'm here to help.

Did you know that high interest debt can be incorporated into your mortgage? Get rid of those high interest payments and have more cash on hand each month. Send me a message to explore the options available to you.

Here are 3 reasons why you should use a mortgage broker vs going to your bank for your mortgage: 1. Better Rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender. Reach out today for your free, no obligation mortgage appointment.

Are you getting ready to buy your first home or move to your next home? The #1 thing you can do is get advice early. Talking with a mortgage professional, like myself, helps you understand: What you can afford Down payment you need Costs involved with buying a home... Improving your credit Prepayment options Refinancing penalties (if you decide to do so down the road) Budgeting and more! Reach out today and let's start the conversation.

If your home will be owner-occupied, then you need 5% down for the first $500,000 of the purchase price, and 10% for any amount over $500,000 up to $999,999. If the purchase price is $1,000,000 or more, the minimum down payment is 20%. According to CMHC’s Mortgage Consumer Survey, most homebuyers are accessing their savings or equity from a previous home for their down payment. Followed by RRSP savings and gifts from family members. If you have any questions about the down payment options available to you and how to use them, send me a message. I would be happy to review your situation and discuss your homeownership goals.

More and more first-time buyers are receiving monetary gifts from family members to help purchase a home. In this case, you need a signed gift letter that states the funds are a gift and do not need to be paid back at any time. If you are interested in knowing more about gifted down payments and how they assist your home buying journey, send me a message. Getting information early in the process will save you time and stress.

Congratulations to all my clients for achieving your goal of homeownership! Great work in achieving this milestone and being open to finding the best solution to your goal. If anyone have questions regarding mortgage, feel free to give me call at 902 802 2345

1.39% for 5 year fixed mortgage Contact me 902 802 23451.39% for 5 year fixed mortgage Contact me 902 802 2345

Borrowing money is harder for self-employed Canadians. A group that, according to Statistics Canada, has a higher median net worth than paid employees. We can help turn the tables. With access to banks, private lenders, credit unions and more we will find the mortgage that's right for you.

Did you know that your renovation costs can be incorporated into your mortgage? Send me a message and we can look at the options available to you.

Just a reminder that I have access to unique products and services to help you achieve your home ownership goals and also assist you with your financial needs beyond just mortgages. Ask me for information on home and auto insurance as well as a unique cash back Mastercard.

A lot has gone on this year in the mortgage market. We have had everything from rate drops to deferrals to restrictions come at us and your personal situation may have changed. As the year comes to an end, if you have not made time for your annual mortgage check-up, now is the time! Send me a message and we can review your situation, free of charge, to ensure you are getting the mortgage that’s right for you.

High interest credit card debt can take years to pay off when making the minimum payment. Did you know that you can consolidate high interest debt into your mortgage by refinancing? A strategy like this can potentially free up hundreds of dollars a month depending on your situation. Send me a message to see if refinancing to pay off high interest debt is the right solution for you.

To best meet your needs, mortgage brokers like myself, have a wide array of products to choose from banks, private sources, independent lenders, etc. If you are in the mortgage market, we should talk. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

If you are a homeowner and struggling with high-interest debt payments, we should talk. It may make sense for you to refinance and access the equity in your home to pay off your high-interest debt. Your mortgage is typically the lowest interest rate to borrow money. Refinancing to pay off high-interest debt and lumping everything into your mortgage payment could free up extra cash each month by saving you on interest. Send me a message and we can see what's available to you.

Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Click below for more details about factors that impact your credit score. https://www.consumer.equifax.ca//what-impacts-credit-sco/