My Mortgage Lady

If you own a home and you find yourself leaning towards visiting one of these lenders, please, please contact me first and see if there’s any alternative options, educating yourself is key! the interest rates and payments charged by these lenders are exorbitant and outrageous," but acknowledged they are legal.

Whose house hunting? Look at this beauty!

We always appreciate the kind words and wonderful recommendation.

With years of experience backing our advice and service, we have nothing but your best interests in mind.

Conflicting articles are everywhere on the 2021 forecast, this article is a summary of the varied opinions, makes for easy reading all in one place! "we’ve compiled a rundown of some of the many (and varied) 2021 house price forecasts to get an idea of what some of the smart minds in the industry think."

Considering major renovations? Let's talk about a plus improvements mortgage to best suit your needs and goals.

Interesting stats!

SHARING THE LOVE GIVEAWAY Win a $100 Gift Card to a local restaurant near you! A mess-free meal, a take-home date night, or maybe multiple lunch orders - it's winners choice!... 1LIKE our Facebook Page 2SHARE this Post + 3 COMMENT what is your most appreciated characteristic in people you choose to do business with, i.e. your mortgage broker, to Enter! Good Luck everyone! Details: The contest will run from January 14 - February 10. Winner will be randomly selected and announced on February 11th - stay posted! We aim to have the gift to the winner by Valentines 2021. Contest Rules: Must be located in Ontario, Canada to be eligible. Must be following our Facebook Page, have Shared this post, and Commented to Enter. Restaurant of choice must be local to you & open/offering take-out service at the time of gifting.

https://toronto.ctvnews.ca//ontario-addresses-confusion-ab

Always remember to explore your options at renewal time, and don't wait too late to begin! Contact us today if you have an upcoming renewal and we will go over all the opportunities available to you.

A refinance can mean a bunch of different opportunities! Let's discuss what options a mortgage refinance may give you.

We always aim to make your dreams come true!

Buying a home is an extremely important financial decision. We have years of experience working with lenders and helping homeowners - let's talk about how you can be next!

"The nation’s households reported a surge in confidence in the final weeks of 2020 that has brought sentiment back to pre-pandemic levels for the first time since the economy crashed last year, according to polling by Bloomberg News and Nanos Research Group."

"CREA’s forecast noted that with mortgage rates currently offered by lenders declining to record low levels, the Bank of Canada’s benchmark five-year rate has also been pushed down. Since this rate is used by major banks to qualify applicants under the federal mortgage stress test, more buyers have been able to qualify for mortgages."

Don't underestimate how important number 8 can be!

Contact us if you're feeling like now is the time to look into your mortgage options.

We expect greater resilience in lower-density markets outside Canada’s large urban cores, Moody’s economist Abhilasha Singh wrote. The pandemic has boosted demand for properties offering more space for working from home and fewer shared areas with neighbours. Smaller markets where such properties are more affordable will particularly benefit from this trend. That would be Brant and area I anticipate! So if you're thinking you might see a slow down, I wouldn't expect it too large.

aaand we're back to reality!

It's getting colder!

Thinking about trick-or-treating (or handing out candy) in Ontario this year? Read this! https://buff.ly/2HtIT9c

Remember to contact us directly for your personalized advice and service backed by years of experience! 519-442-1311 | [email protected]

Welcome, January - welcome 2021 - welcome new beginnings!

Happy New Year! Even if celebrating looks a little different this year, we hope you have a wonderful start to the new year. All the best for 2021.

The housing agency announced last week that it will be undergoing a rebranding in the coming months to better reflect its mandate. CEO Evan Siddall says the current name overemphasizes homeownership financing and doesnt highlight the agencys work related to housing affordability.

Have fun & stay safe!

The whole real estate market will stabilize at current levels, as opposed to continuing to rise by 20 per cent per year in terms of prices, said Tal. I think we can all agree that would be a good thing!

last month was the sixth-busiest month on record for home sales, and the busiest August ever. Yep, No wonder I cant get away from my desk!! https://apple.news/AKU4HcFv3RIiW1LdXUQQhUQ

Happy Saturday with a twist!

Over half of millennials underestimate their ability to qualify for a mortgage. Dont be one of them! Lets talk about getting you into home ownership.

"But with two months now behind us with the new rules in effect, has any evidence emerged that theyre actually impacting housing demand?"

Remember the importance of building credit!

Need your NOA's or T4's? Get signed up with CRA to make it quicker.

Merry Christmas! Have a day is filled with love and laughter!

Attention everyone suspicious phone calls claiming to be from us are circulating. If you are concerned about being a victim of fraud, protect yourself by learning more: http://ow.ly/9DCa50BWkfl

Over half of millennials underestimate their ability to qualify for a mortgage. Don't be one of them! Let's talk about getting you into home ownership.

As working from home grows, so does the markets of Cottage country, even some first time buyers are looking to cottage country to get into the market! Just look at those growth numbers, wow!

Wishing you all the most wonderful evening.

"Luckily, the mortgage you start off with doesnt have to be the same mortgage you finish with. Refinancing is a tool you can use to reshape your mortgage to better suit your needs."

mmm, sugar cookies, shortbread, cinnamon + more!

"The Ontario Real Estate Association says it is asking agents to halt plans for open houses, as the province reported a record high of 939 new cases of COVID-19 on Friday."

Happy Holidays!

"For mortgages under $500k, at least 5% downpayment is required. But what is the difference if your down payment is over 20%? The main differences between the two are: insurance requirements and rate calculations. If a downpayment is less than 20%, then the mortgage is considered High Ratio and requires Mortgage Default Insurance. This can cost up to 4% of the loan amount, but allows lenders to offer lower rates. ... If your down payment is 20% of the purchase price or higher, you do not need the insurance; these are called Conventional mortgages. You may also have the option to amortize your mortgage over 30 years, lowering your monthly payments. Since there is more immediate equity in the home, lenders may also offer more products. The drawback of conventional mortgages is that interest rates are often higher - since there is no insurance - though over time this could still cost less. Whether or not you should put more than the required downpayment on a house or not really depends on your personal situation. Contact us to discuss your best course of action and available options, for now and the future. [email protected] | 519-442-5999

What will this week bring?

Manulife officially entered the broker space two-and-a-half years ago to much fanfare. As a balance-sheet lender, brokers expected a wide array of balance-sheet products.

"HonestDoor is a free online service that combines realty intelligence and data science to produce in-depth information about residential and commercial properties, such as price assessments and neighbourhood analytics information that’s typically difficult and time-consuming to collect. Last month, the platform launched in British Columbia, its third province since the company was founded in 2019."

Whose house hunting?

Thank you It really is always a pleasure!

"The Bank made the statement during its interest rate decision Wednesday, where it left the key lending rate unchanged at its effective lower bound of 0.25%."

I personally believe we will be seeing more articles like this over the next two years, as Trudeau prepares the public to get on board, for his plan to eliminate the Canadian home owners capital gain Tax Exemption, currently offered on their primary residence!! As he stated when he commission to study stating that homeowners have an unfair tax advantage. Obviously I don’t agree with it or understand his theory,but I believe its elimination is coming!

"With a steady stream of positive developments announced in the last month, it’s beginning to look like widespread deployment of one or multiple COVID-19 vaccines will pave the way back to normalcy for Canada’s housing market next year."

https://www.youtube.com/watch?v=8gDoW3X3MG4

Effective Monday, December 21, 2020 at 12:01 a.m., Brant is moving into the Red-Control tier of Ontario's COVID-19 Response Framework. For more information on what this means, please visit: ow.ly/Oc5E50CPM3s

Just in case you didn't know,...yes our Brant and area market it crazy hot right now, unbelievable, if you've been on the fence about selling, now is the time, especially if you don't need to buy again! https://toronto.citynews.ca//real-estate-hotspots-outside/

Just in case you didnt know,...yes our Brant and area market it crazy hot right now, unbelievable, if youve been on the fence about selling, now is the time, especially if you dont need to buy again! https://toronto.citynews.ca//real-estate-hotspots-outside/

Whose got spare time or fantastic talent?

Many Canadian housing markets continue to see historically strong levels of activity, so much so that a new annual sales record this year is looking more likely every day, said CREA Chair Costa Poulopoulos, in a media release."

https://www.cbc.ca//covid-19-coronavirus-ontario-september

https://www.livabl.com//homebuyers-guide-land-transfer-and

If you've been sitting in the bushes waiting for real estate prices to fall, that doesn't seem to be in the forecast. In an unprecedented year of growth, they are predicting nothing but more of the same, more growth, unless of course you are condo shopping in TO!

Canada Revenue Agency has the following four conditions for a property to qualify as your principal residence:

Future speculation; The GCO... examines those creating the conditions for future status as major global players," notes the Kearney report. Rising conditions is the city of TO, will most certainly put the pressure on Brantford’s continued rising growth... if you are waiting for prices to drop that might not be in the cards.

Is it time to upgrade the space youre in? Lets talk about a mortgage made for you!

"So far, Canada’s housing market has shrugged off worsening COVID-19 outbreaks. Brown said that a small monthly decline in home sales recorded in October could be tied back to lower inventory of homes for sale rather than pandemic fears. At the national level, the supply of unsold homes dropped to a record low of two and a half months, meaning it would take two and a half months for all homes currently listed on the market to sell at the current rate of sales."

Is it time to upgrade the space you're in? Let's talk about a mortgage made for you!

Anticipated continued growth into 2021, can you even believe it. Great for sellers, not so great for buyers,..or those saving to get into the market. How long do you wait & save while prices keep growing exponentially? I've seen a good portion of buyers use this Covid time to reduce debts substantially this past year, has Covid helped you in any strange way this year? Love to hear some positive spins of Covid in your life.

Wishing everyone the best of the last long weekend of summer! Have a great time and stay safe.

"Greg DAmico, sales representative with Peak Realty in Fonthill, received one of these flyers at his home in Port Colborne, and said for a moment he thought it was a personalized letter because it appeared handwritten."

"Instead, the survey found that 40 percent of Canadian homeowners realized their current home needed renovations during the pandemic while 29 percent said they decided they needed more space." Call us if you're eyeing up an upgrade or looking for a plus improvements mortgage!

"Canadian real estate has been red-hot this summer, following a short-lived decline in activity last spring during the height of the pandemic. The big question on everyones lips now is, whats next for the housing market? "

Congratulations Barb! Thank you to everyone who participated. Have a wonderful December!

Can you work from home? How enticing is making the cottage home, for you?

All the best for the last of the year!

Wishing everyone a safe, successful, and satisfying Fall return to education (whenever and however that may be)!

Check back here!

Last day to share for a chance to win $100! Accepting entries until 11:59PM tonight.

If youre needing some day care help.

or ? It doesn't have to be one or the other, just one then the other. script: Are you vehicle shopping and house hunting? Or wanting to? There’s something important you should consider.... Signing up for new debt with high monthly payments has the potential to negatively impact your buying power. To better explain this, we will go over four scenarios of basic qualifying figures for different income levels. Among other lender criteria, these scenarios are estimated assuming the applicant has: no debts (including a vehicle payment), good credit, and the full 5% down-payment. Please keep in mind the figures for these examples are estimated and do not include taxes, condo or other fees. In the first scenario, with an annual income of $50,000 your purchase price budget is $225,000 with just over $11,000 for a down-payment. In the second scenario, with an annual income of $65,000 your purchase price budget is $300,000 with $15,000 down. In the third scenario, with an annual income of $80,000 your purchase price budget is $385,000 with just over $19,000 down. In the last scenario, with an annual income of $100,000 your purchase price budget is $485,000 with just over $24,000 down. Now let’s take a look at the same four applicant scenarios, but assuming they have committed to a monthly payment of $400. The first scenario provided a purchase price of $225,000 which is now $190,000 - that’s $35,000 less house buying power. The second scenario’s purchase price drops to $260,000 from a previous budget of $280,000. In the third scenario $375,000 is the new purchase price budget for a total loss of $10,000. In these example scenarios, with an annual income of $100,000 or more, the purchase price budget would not reduced by a $400 monthly payment. Your home is an investment that matters most. Take the proper steps now to help plan your future of homeownership, not prolong it. Every situation is different. Contact us to discuss your personal situation and find out exact qualifying details. Home-owning should be exciting, not stressful. Having worked in the industry for 20 years, we understand the importance of staying up to date on current trends, rules, and offerings and we make it our priority to do so. We work with over 30 lenders across Canada to provide our clients with the best mortgage products, options, and rates. Let’s get in touch to discuss your future of homeownership. Plan for the home first, car second - we’ll help you get there.

Shorter days, crisper air - September, we you.

Interesting, interesting article, I also find great similarities in mortgage lending, often people don’t realize their mortgage contains the same clauses and if you happen to fall behind on say your bank Visa, the bank can attach that debt to your home as a lien or onto your mortgage, for one example. https://apple.news/AGGmUi73HTUuIR5K_zKbItw

Mr. Varga is convinced that a new sense of normalcy will develop over time. At some point, people are going to feel comfortable working in the office again.

$100 Christmas Shopping Giveaway DETAILS: Win a choice of a $100 HomeSense Gift Card, a $100 Toys R Us Gift Card, or $100 Certificate to the Brantford Farmers' Market to support your holiday shopping this season! ... TO ENTER: 1. LIKE our Facebook Page (My Mortgage Lady - Amelia Mcleod) 2. SHARE this post and caption it with your favourite holiday-themed item/gift/character/decor/etc. (Remember to make sure the privacy settings are set to Public when you share.) The contest will run from November 18 - November 28, the winner will be randomly selected and announced on December 01. More announcement details to come. (This giveaway is not in connection with HomeSense, Toys R Us, or the Brantford Market. Post must be shared, not commented on. Must be following our Facebook Page at time of the draw to be eligible to win.)

Wondering what each means?

COVID updates https://news.ontario.ca//ontario-updating-covid-19-respons

For anyone whos eyed Hamiltons real estate market for some time, this comes as no surprise.

"To call the year eventful would be a gigantic understatement. But even with the unprecedented shutdown that took place through the spring and economic volatility that accompanied it, the brokerages home price projections for the end of the year have actually been revised upward."

"The Brinks’ together-but-apart living situation was created four years before COVID-19 arrived. But it certainly seems to make for a dreamy solution to so many of the challenges the pandemic has brought into our lives. And the total cost for the land on tiny houses? $77,000 U.S., which converts to a grand total of $101,150 CAD." https://www.huffingtonpost.ca//tiny-house-parenting-person

Mortgage Strategies For Your Life!

"In Flanders Fields, the poppies blow Between the crosses, row on row, That mark our place; and in the sky The larks, still bravely singing, fly Scarce heard amid the guns below."... John McCrae See more

Lest We Forget

Until August 31, 2020, parents can apply for direct one-time funding to offset the cost of buying materials to support their childrens learning, while they practice self-isolation and physical distancing. Eligible parents will receive a one-time payment, per child, of: $200 for children aged 0 to 12... $250 for children or youth aged 0 to 21 with special needs https://www.ontario.ca/page/get-support-families

"Whether renting or buying, the Toronto Regional Real Estate Board’s (TRREB) Chief Market Analyst Jason Mercer explained that the Greater Toronto Area’s housing market benefits from new immigrants, where cultural and labour diversity attracts newcomers worldwide."

Over the next several months, Mortgage Professionals Canada will be releasing a series of consumer reports - Rapidly Evolving Expectations in the Housing Market, written by our Chief Economist Will Dunning. These reports will create and analyze new data that will assist in tracking shifts in Canadians expectations about the housing market in order to monitor the evolving market circumstances.

In TO, "Landlords are giving incentives; they're offering tenants one month free," said Ash. "Last year, I'd be going into bidding wars for my clients." Just over one hour away, yet world of difference!

"The jury is still out on the pandemics long-term effects on population growth and, by extension, home building. But, most market observers agree that new home construction has stayed remarkably resilient throughout the volatile year."

Ontario Parents!

"Canadian millennials are facing financial challenges that their parents generation never had to deal with. As a result, many millennials are focused on paying off debt fast. Yet, building up a savings account is just as important if not more so for todays young people as it was for previous generations. The good news is there are easy strategies to help you start growing your savings account ideas that go beyond cutting back on Starbucks or brown-bagging your lunch. Read on for some of the best money-saving tips."

So if you werent sure just how hot the market really is, this might give you some perspective, its smokin!!. Even in Brant County we are seeing sales go over price, at over $100,000 sometimes. Make sure you do youre homework as a buyer, and work with an Agent you can trust.

"But researchers from Ryerson Universitys Centre for Urban Research (CUR) wrote last week that this apparent shift in homebuyer interest to the suburbs is likely just another example of the pandemic accelerating an existing trend rather than giving rise to a new one."

Not sure why Siddall would insinuate here that Government compensation packages are fueling buyers, when no lender is accepting CERB as an income to qualify buyers on! Only those qualified on their earned income and their debt levels are being approved for mortgages. Constant bad news from Evan Siddall is enough to drive the industry down, with his fear forecasts! Yet even the competition is disagreeing w him, for the first time in my 21 yr history, seems now like hes just pouting!

Is this the Christmas to start making memories in a home you can call your own? Give us a call to discuss what options may be available to you!

I guess when you turn off the tap for three months, this is what happens! What effect do you feel this is having on Brantford and Brant county, it is a bubble or sustainable, and why do you feel that?

It seems I am having technical issues at the moment, my Outlook email is down since yesterday afternoon! SO If you’re waiting on a response from me or sent me something, please call me or email me at [email protected] for now, while we wait on IT supporrt! 519-865-5480. Hope I make it through!

Your chuckle for the day! This old lady handed her bank card to the teller and said I would like to withdraw $10. The teller told her for withdrawals less than $100, please use the ATM. The old lady wanted to know why... The teller returned her bank card and irritably told her these are the rules, please leave if there is no further matter. There is a line of customers behind you. ... The old lady remained silent for a few seconds and handed her card back to the teller and said please help me withdraw all the money I have. The teller was astonished when she checked the account balance. She nodded her head, leaned down and respectfully told her you have $300,000 in your account but the bank doesn’t have that much cash currently. Could you make an appointment and come back again tomorrow? The old lady then asked how much she could withdraw immediately. The teller told her any amount up to $3000. Well please let me have $3000 now. The teller kindly handed $3000 very friendly and with a smile to her. The old lady put $10 in her purse and asked the teller to deposit $2990 back into her account. The moral of this story is.... Don’t be difficult with old people, they spent a lifetime learning the skill.

Beautiful day for some seasonal maintenance!

Important to start thinking about for anyone this could apply to!

Are you a small business owner struggling? New measures announced today.

Who is in the market for a cute start or retirement home!?!

"Even the most bullish housing observers would have had a tough time anticipating just how quickly Canada would bounce back from the pandemic shock that froze up market activity in the late winter and spring. But, after what RBC Senior Economist Robert Hogue calls a spectacular rally, the market has fully recovered and then some. National home sales hit an all-time high for September, climbing over August and up 46 percent over 2019’s total for the same month."

Cannot believe it is already November! What will this month bring us? Wishing everyone the best beginning to the final two months of 2020.

REMEMBER! Tonight at 2AM - yay for an extra hour!

Whether you're participating or not in local trick-or-treating this year, please remember to continue to adhere to social distancing and gathering rules. Have fun & stay safe!

"If the debt is going to act like an investment and increase your net worth or if it’s going to have reliable future value, it would be considered good debt."

"There may be uncertainty on the horizon for the country’s real estate market, but young Canadians are undeterred and remain optimistic about the prospect of buying a home."

And regardless of wht CMHC seems to be promoting since March, Brantford & Brant County by many sources, seem poised for nothing but continued growth, as many city dwellers move west.