Josh "The Mortgage Guy" Spadafora

5 Years! 5 Giveaways! 5 Charities! There’s nothing better than a full belly and a full heart! ... Which is why we want to celebrate 5 years in business b...y rewarding you with a great meal, while giving back to the local community in these trying times. Here’s what’s up for grabs: 1 of 5 - $100 gift cards to the following Hamilton restaurants: - Shakespeare's - Fore Stagione - The Burnt Tongue - Earth to Table: Bread Bar - The Mule In addition to the gift card, each winner will get to choose a local Hamilton charity to receive a $100 donation in their name. How to enter: 1. Like this post 2. Follow: @bestmortgageloans or like us on Facebook: facebook.com/bestmortgageloansinc 3. Share: this post on your feed or stories 4. Tag: friends or family for extra entries Winners will be announced on November 27th, 2020. Good luck! #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #Refinance #Renewal #5Years #HamOnt #Community #Support #SmallBusiness #Local #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker

Some great business partners of mine. The experience is second to none, and this will surely make anyone excited and make dreams come true. Let me make your home dreams come true, and let them make your love of cars and driving dreams come true!

The only thing better than helping new clients with their financing... is helping existing clients! Thanks AGAIN for trusting us with your mortgage! ... For any mortgage related inquiries, contact @bestmortgageloans today. #BestMortgageLoans #MortgageBroker #Mortgage #Refinance #RepeatClients #ClosingDay #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Awesome family. And I’m super excited for them !!!

Welcome home! This well maintained open concept design, 3 bedroom, 2.5 bathroom townhouse is move in ready. Primary bedroom with vaulted ceilings and ensuite. B...reakfast bar in kitchen, walk out to private fenced yard and green space. Finished basement with gas fireplace and large rec room adds an additional 494 sq feet. Perfectly located in desirable Mountain neighbourhood close to schools, parks, LINC access, transportation, shopping and recreation centres. Make sure to take the 3D walk through and then book your private showing! $489,900 Full Listing here: https://www.realtor.ca//41-1889-upper-wentworth-street-ham See more

Great time to refinance

From First-Time Buyer to Landlord in less than 5 years! Congratulations to these clients on the purchase of their new HOME, and 2nd property! For... any mortgage related inquiries, contact @bestmortgageloans today. #BestMortgageLoans #MortgageBroker #Mortgage #Purchase #FirstTimeBuyer #Landlord #HamOnt #ClosingDay #LendersForDays #DollarsAndSense #PersonalizedAdvice #KnowYourOptions #TalkToABroker See more

Coming Soon! 452 Maple Avenue in sought after Delta neighbourhood in Hamilton. Full of character, three bedroom brick home within walking distance to Ottawa St...reet and Gage Park and close to all amenities. Contact me for more details or for a private showing before this home hits the market! $550,000.00. See more

Thank you for your kind words. I’m glad I was able to help you and your family, and I look forward working with you again in the future!

Happy move-in day to some amazing clients I’ve had the pleasure of helping find the perfect mortgage match for their new home. You’ve got an amazing family and ...it’s only continuing to grow now in to this gorgeous home. I can’t wait to see how you make it your own, and wish you guys all of the best!!!! #Mortgage #Match #Home #MortgageAgent #Family #MakeItYours See more

Welcome to 1385 Peterson Road! Own your own piece of tranquil paradise. Four seasons of fun, year round or vacation living in this picture perfect, well maintai...ned two bedroom home set on 2.1 acres. Cozy up by the wood burning stove or sit in the sunroom, surrounded by nature. Easy year round access from paved municipal road. Short drive to 12 mile lake beach access, boat launch, marina, restaurants, shops and more. Close to Minden, Bracebridge and Haliburton for shopping, hospitals and all amenities. $429,900.00 https://www.realtor.ca//2223/1385-peterson-road-haliburton See more

Congratulations to my clients on their new home! Home in time to host Thanksgiving dinner.

Great news for those looking to qualify for a mortgage. It doesn’t seem like much but that .15% could be the difference between qualifying to get you into your new home or not. Let me know if you have any questions!

The qualifying rate is expected to fall for the second time in three months from 4.94% to 4.79%. This is good news for borrower's as it will allow them to quali...fy for slightly more. If you're looking to find out how much you can qualify for, contact your Verico Broker today. #Mortgages #InterestRates See more

Congratulations to my clients on the purchase of this beautiful home. Can’t wait to see how you make it your own.

Extremely grateful to be a part of this team. They’ve got what it takes to be successful and deserve the recognition for their hard work. Awesome job Sara, Jeff, and Scott.

SOLD for full asking price! If you want to secure the , im your realtor! Your property is your asset and it is worth more than you think. ... Together we can make history and add to this record breaking market! Shoot me a message for more details!

Just SOLD for 40K over asking price!! You don’t want to miss out on this market! Your property is worth more than you think! ... Call or message me and I can tell you how we can break more records in this historic market!

We have collaborated with the City of Toronto to create their first-ever modular housing project. The 250 modular units will provide a rapid housing solution fo...r people experiencing homelessness during COVID-19. Expediting the project means that much-needed housing will be ready sooner; the first units are set to be occupied in September 2020. This will help ensure all residents of Toronto have a home that they can afford and that meets their needs during these challenging times. Read more : http://ow.ly/Fh6z50Ao3z0

Couldn’t be happier for this amazing young couple!!! Enjoy your home. I’m glad I was able to find the best financing solution for you. All the best in your new home!!

Knowing your options is important. Dealing with myself and our Verico team we can assure you we will provide you with that knowledge

Please share!!! **Price REDUCTION** 77 Mackenzie King Ave, St. Catharines now offered at... $684,900!... Custom built raised bungalow by Eric Weins 3+1 Bedrooms 2+1 Bathrooms In-law retreat with walk-out Semi-private, ravine-like backyard Check out the 3D Tour here https://my.matterport.com/show/?m=xv6tdTdtFDF&brand=0 Call or email Bret Stewart, Sales Representative - REVEL Realty Inc., Brokerage -905-687-0942 [email protected]

CMHC predicts tough times ahead if our economy has not recovered sufficiently" Among those predictions, CMHC CEO Evan Siddall said: - Home prices could fall from their peak by 9% to 18% over the next year... - Mortgage arrears could top 20% - Mortgage deferrals could jump to 20% from 12% by September - The debt-to-disposable income ratio will soar from the current 176% to 230% through 2021 - And he hinted at a policy change of raising the minimum down payment to 10% from 5%, saying it would offer more of a cushion against possible losses https://www.canadianmortgagetrends.com//cmhcs-siddall-del/

https://business.financialpost.com//breaking-bank-of-canad

Mortgage Relief Programs If you are directly impacted by COVID-19 and as a result are facing financial challenges because of illness, pay disruption, or childcare disruption due to school closures, then it's important to know that all lenders; Big Banks, Monoline Lenders and Credit Unions have programs available to defer your mortgage payments for a period of time. This applies to High Ratio Insured mortgages (less than 20% down or 20% equity) and Conventional Mortgages. N...OTE: this does NOT mean the government makes the mortgage payment(s) on your behalf. The amortization is simply extended by the number of months you have deferred, and interest will continue to be accrued while you are not making payment(s). Each request will be on a case-by-case basis, so please reach out to your lenders directly. You also may not receive an answer right away. As each case is different, it may take 1-3 business days for a response. Lender Contact Information: ATB Financial 1-800-332-8383 B2B 1-800 263 8349 or [email protected] BMO Financial Group 1-877-895-3278 Bridgewater Bank 1-866-243-4301 CIBC 1-800-465-2422 CMLS Financial 1-888-995-2657 or [email protected] Optimum 1-866-441-3775 or [email protected] Equitable 1-866-407-0004 or [email protected] Connect First 403-520-8000 Chinook Financial 403-934-3358 First Calgary Financial 403-736-4000 First National Financial LP 1-888-488-0794 or [email protected] Haventree Bank 1-855-272-0051 HomeEquity Bank 1-866-331-2447 or [email protected] Home Trust Company 1-855-270-3630 or [email protected] HSBC 1-888-310-4722 ICICI Bank 1-866-726-0825 or [email protected] Manulife 1-866-677-4366 or [email protected] MCAP 1-800-265-2624 MERIX Financial 1-877-637-4914 or [email protected] Marathon 1-855-503-6060 National Bank 1-888-835-6281 RBC 1-866-809-5800 RFA (formerly Street Capital) 1-877-416-7873 or [email protected] RMG 1-866-809-5800 or [email protected] Scotiabank 1-800-472-6842 Servus Credit Union 1-877-378-8728 TD 1-866-222-3456 Phone lines are currently very busy, so expect to wait. While you wait, we encourage you to review the Government of Canada website for updated information about financial or business aid. Many representatives will ask if you have reviewed this information: https://www.canada.ca//d/coronavirus-disease-covid-19.html Sincerely, Your BMLI Team

What can we do to help.

The Bank of Canada has reduced the overnight rate by an additional 0.50%. The quick response is due to the ongoing spread of the Coronavirus and low oil prices..., which have had a severe impact on the markets and the global economy. "It is clear that the spread of the coronavirus is having serious consequences for Canadian families, and for Canada’s economy. In addition, lower prices for oil, even since our last scheduled rate decision on March 4, will weigh heavily on the economy, particularly in energy intensive regions." https://www.bankofcanada.ca//bank-of-canada-lowers-overni/

Talk about taking the stress out of getting a mortgage. This could be the year that we work together to get you into your home whether it be your first or forever home, I’ve got you covered ! Like and Share

Monday Mortgage Spotlight Today is Family day here in Ontario. It’s a day to get together with family and have some fun. If that means going out and taking part in fun activities together, or if it’s staying in and playing board games. Family day is exactly what it sounds like. Your family is important to you, important to me and important to my Best Mortgage Loans Inc. family. Enjoy your Family Day ... From My family to yours

Monday Mortgage Spotlight What’s the fastest way to pay off your mortgage The Accelerated Bi-Weekly Option... By choosing an accelerated repayment schedule, the monthly payment is divided by 2 (bi-weekly) or by 4 (weekly). There are 52 weeks in a calendar year so if you make 26 bi-weekly payments, you are in effect paying your Lender the equivalent of 13 months of payments per year compared to 12 months payments with all non-accelerated repayment schedules. This accelerated repayment of principal is what shortens your amortization. 13 monthly payments 26 = accelerated bi-weekly payments Example: Purchase price: $469,900 5% down payment: $23,495 Mortgage Insurance: $17,856 Mortgage Total: $464,261 25 Years Amortization with a 5yr fixed rate @ 2.59% Monthly cost: $2101 ($25,212 repaid annually) Accelerated Bi-Weekly: $1050 ($27,300 repaid annually) Monthly repayment: 25 years for repayment Accelerated Bi-Weekly repayment: 23 years for repayment With accelerating your payments bi weekly you can shave approximately 2 years off your amortization allowing you to focus a little more on the important things such as family and retirement.

Monday Mortgage Spotlight Are you paying Too Much for Your Mortgage or Will you be ? Many don’t realize that using a mortgage agent/broker can save you thousands on your home purchase or refinance. ... With my agent rates starting at 2.59% for a Fixed 5 year in comparison to a Canadian Bank currently starting at 3.38% let’s take a look at the comparison in photo #2. On a $400,000 Mortgage with a 25 year amortization period you’re looking at a difference of $161.98/mth 25 years, 12 months per year = 300 months x $161.98 $48,594 in savings off of that difference alone.

Monday Mortgage Spotlight The Stress Test The biggest worry anyone goes through when applying for a mortgage is Will you pass the Mortgage Stress Test? ... When dealing with a mortgage agent, or broker you’re dealing with another human that cares about you as an individual and what needs you have for your family. Let me take the unpleasant two words stress and test out of the Mortgage Stress Test. All you have you worry about the mortgage which doesn’t seem bad at all. Together we can work to figure out your situation, and find a personalized solution to get you on your way to home ownership -Josh The Mortgage Guy Spadafora

Launched Today An easy to use website for all of your mortgage needs. Explore Rates, Services, Mortgage Calculators.... Compare Mortgage Rates with Mortgage Compare Tab Should you refinance and take advantage of Mortgage Interest Savings ? Take advantage of our accelerated debt payoff calculator. Like, Share, Refer your friends !! -Josh The Mortgage Guy Spadafora

Monday Mortgage Spotlight Fixed VS Variable, which is best for you? This is a risk versus reward for variable rates. The appeal of Variable rate mortgages is that interest rates typically are lower than a fixed rate mortgage, and could potentially lower as well. Your main drawback here is that at any point in time interest rates could increase. ... Ways to determine if a Variable Rate is right for you: 1. Can you weather the storm and accept an increase in rates based on current earnings? 2. Does it match your personality? Can you sleep comfortably at night knowing you could wake up and rates be different? If answering no to either of those questions a Variable rate may not be your go to. Making this decision is where your mortgage agent helps you most. A good agent is going to understand you as a client and will provide you with all options that fit your income and personality. Don’t forget to use your local mortgage agent, me!!!! - Josh The Mortgage Guy Spadafora. #Mortgage #Rates #Local #Trust #homesweethome #mortgagebroker #mortgageagent

Monday Mortgage Spotlight When you’re a first time home buyer and you approach your real estate agent, one of the first questions a great agent will ask you is, Have you completed a pre-approval for your mortgage? The reason they’ll ask this is to get a better understanding of housing affordability. Your real estate agent like myself as a mortgage agent want to make sure we’re putting you in the proper situation to get the most out of your lifelong investment. ... Connect with me for your pre approval and get a financial grasp and understanding of true affordability. There are many factors that come in to play, not just how much you/household makes in a year. Knowledge is power, let me give it to you! #RealEstate #mortgagetips #mortgage #mortgagebroker

Hope your 2019 has been a great one, and here’s to knowing your 2020 is going to be even better. This upcoming year I wish you and your families all the best. On behalf of myself and all of my real estate friends Happy New Year! We’re excited for you, we’re excited for opportunities you’ve got, and will be here every step of the way to help. See ya Later 2019

With the decade coming to an end this should be some awesome news to start your 2020!!! The time to buy is always when you can. The investment for your future is best put into your home. Let your money make money for you, and let your home equity get a jump start in 2020!! If you don’t have a real estate agent yet either let me know I can recommend some that will simply take care of you as not just a client but as a good friend. Have a great last day to 2019!!!!!... Josh The Mortgage Guy Spadafora

Monday Mortgage Spotlight What is your Mortgage Rate and how a Mortgage Agent/Broker can save you by getting you a better rate. When you visit your traditional banks for your mortgage or refinancing, you are only being given access to rates the institution you’re visiting can offer. ... When using your trusted mortgage agent/broker you are given access to an abundance of lenders both traditional and private that typically have better rates keeping more in your pockets! Get your free quote for 1st time buyers, 2nd opinion on current mortgage scenarios, and refinancing options through me your local Mortgage Guy Josh The Mortgage Guy Spadafora.

What is a mortgage broker? A mortgage broker acts as a middleman between you and potential lenders. The broker’s job is to work on your behalf with several banks and to find mortgage lenders with competitive interest rates that best fit your needs. Mortgage brokers have a well-developed stable of lenders they work with, which can make your life easier. Let’s work together to find the best solution for you and your financial needs.