Alyssa Kelly BMO Mortgage Specialist

Attention: Canadian Defence Community Did you know, BMO has proudly served as the Official Bank of the Canadian Defence Community, for over ten years! ... Who is eligible for the program? Regular force personnel, reserves, recruits, military families, veterans and retirees Department of National Defence and Staff of the Non-Public Funds civilian personnel, the RCMP and the Canadian Coast Guard. What are the benefits? BMO employee rate discounts on mortgages and lines of credit Flexibility to moveor break your mortgage through the Integrated Relocation Program130-day mortgage rate guarantee the longest of any major bank in Canada Unlimited bank account with no monthly fees & unlimited eTransfers BMO Support Our Troops Cashback Mastercard and other No Annual Fee credit card options If you are part of the Canadian Defence Community and are unaware of the program or have any questions, you need to contact me to discuss how we can help you save money! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate #CanadianDefenceCommunity #SupportOurTroops #RCMP #CanadianCoastGuard

Have you heard of BMOs HomeOwnerReadiLine solution for your home financing needs? One of my favourite offerings at BMO! If you have a 20% down payment or at least 20% equity in your current home, you can borrow up to 80% of your home’s value, split between a mortgage and a line of credit.As you pay down the mortgage portion, you can access more cash up to your available line of credit limit ... For the mortgage portion, you’ll pay regular payments, setting up monthly, semi-monthly, bi-weekly or weekly payments over a period of up to 30 years For the line of credit portion, pay back at your own pace meeting minimum payment requirements, including flexible interest-only payments. The maximum amount of funds in the line of credit is up to 65% of your home’s value. The line of credit available limit only increases by the amount of principal that is paid off. You can keep accessing your line of credit funds for as long as you own your home. It’s an ideal way to plan for future renovations or deal with unexpected expenses. You could save up to $1,250 in setup fees when you switch your mortgage to BMO with a Homeowner ReadiLine. Offer available until June 30, 2021. Contact me today! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Are you New to Canada and want to purchase a home? Here is a high level look into how to make this a possibility: Under BMO’s New to Canada Program, applicant eligibility: Established permanent residency in Canada within the last five years, or Canadian citizen in the process of returning or has returned to Canada to reestablish permanent residency... What you need to know: Fixed or Variable Rates Down payment minimum 5% Minimum 3 months full time employment PR card or work permit Items to prepare: Six months bank statements confirming satisfactory account operation Letter from current landlord confirming payment history for last 12 mths Utility bills last 12 mths confirming payment history (Examples: Power, Water, Cell Phone, Cable, etc) An international credit bureau report may be requested in some cases to demonstrate a strong credit profile Each scenario is unique, if you are New to Canada and would like to learn more, contact me today! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Happy Friday from BMO! MORTGAGE STRESS TEST update coming soon that we want you to know about now! W H A T ... This is a method that we, bank lenders, use to ensure that borrowers can make their mortgage payment at a higher rate than what they actually are getting W H Y The reason we are required to complete the stress test is to ensure that if circumstances change with regards to your interest rate, we are comfortable that you can still make your payments H O W Currently, the stress test rate is 4.79% (or two percentage points about market rate, whichever is higher) Starting June 1st, the stress test rate will increase to 5.25% (or two percentage points about market rate, whichever is higher) W H A T N O W This increase may sound scary and overwhelming to buyers. With the increase in the stress test rate, it *could* be more difficult for buyers to qualify for the mortgage amount they would like. However, in the long run, it may be a good thing, especially for first time home buyers. We are well into the spring real estate market and want to ensure buyers are prepped for their upcoming purchase. A pre-approval is so crucial - focus on these items to prepare: Gather Income Documents T4, Paystub and Letter of Employment Down Payment Confirmation How much have you saved? Cash, TFSA, RRSP, Gift And of course, working with an experienced realtor in this market will do you wonders. Contact us today regarding any questions you may have about the stress test. Let’s get you pre-approved now! 902-441-4145 [email protected] #BMOmortgagespecialist #MortgagesWithAlyssa #HalifaxRealEstate

Check out this job at BMO Financial Group: Mortgage Specialist Associate https://www.linkedin.com/jobs/view/2477229943