My Mortgage Master
31 King Street West L1C1R2 Bowmanville, ON, Canada

History in the making! @raptors #WeTheNorth #gorapsgo

Have an amazing week friends #MondayMotivation

Have an amazing week friends #MondayMotivation

Take advantage of this beautiful Sunday, and visit some open houses in your future community. Ask the realtor the right questions and if you have any questions about mortgages, visit www.mymortgagemaster.ca or give us a call by hitting the call button on our profile. Enjoy your #SundayFunday

Visit www.mymortgagemaster.ca

Happy #followfriday

Any #babyboomers out there? What was your interest rate, back in the day? #TBT

Fixed Mortgage Rates

We heard @kawhielite just bought a home in #Toronto Wonder if he needs a Mortgage Master Game # 3 #GoRaptorsGo

#WednesdayWisdom

We heard @kawhielite just bought a home in #Toronto Wonder if he needs a Mortgage Master Game # 3 #GoRaptorsGo

Today is a day we can stand behind #HugYourCatDay Hug Your Cat Day is one of those pleasingly straightforward holidays. Quite simply, it is a day in which cat owners everywhere are encouraged to hug their cats. The more dedicated amongst them will not need this encouragement, of course, but it is always good to be reminded of our #feline friends. The obvious downside to the day as that people without #cats may be left out. This need not be the case, however it should be s...traightforward enough to simply adapt it into Hug Someone Else’s #Cat Day. So, whether or not you are the proud housemate of a purring #kitty, Hug Your Cat Day is the perfect excuse to put a bit of warmth and companionship into your life. No matter what’s going on around you, no matter how bad or troubling things get, you can always count on your #furryfriend to be there for you. Source: daysoftheyear.com

Thank you very much for the kind words, Amanda. #testimonialtuesday

The Guise of Mortgage Portability "Is my mortgage portable?" The answer is probably yes. "Is it easy to port my mortgage?"... The answer is probably not. When you're selling your existing home and buying something else, porting your mortgage involves transferring the remainder of your current mortgage term, outstanding principal balance, and interest rate to that new property. Although this might sound like a good idea to keep a low rate intact, in reality, sometimes it feels like the stars have to align for it to work out. Most people assume that porting a mortgage guarantees mortgage qualification on the purchase of a new property using the mortgage they got when they bought their last property. Often they feel confident about their ability to simply port their mortgage, and might even sell their existing property or write an offer on a new property, believing that they are already qualified (because they were qualified before). This isn't the case. Just because your mortgage is portable, doesn't mean you'll somehow magically qualify to buy a new property with an old mortgage. Mortgage financing doesn’t work that way. Porting a mortgage requires full re-qualification, it's not a loophole to purchase a new property without disclosing changes in your financial situation. The lender will ask for new employment documents and pull a new credit report. It is the mortgage qualification process, with additional conditions. The most common reasons porting doesn’t always work out as planned You may not qualify for the new mortgage. The property you are buying doesn't meet the lender's guidelines. You still need a down payment. You'll most likely have to pay a penalty, even if it's refunded. Timelines rarely work out. So, if you are in a situation where you have an existing mortgage, and you're looking to buy something else, and you'd like to discuss mortgage portability, please don't hesitate to get in touch anytime! I'd love to walk you through your options. There is no substitute for solid mortgage advice. Porting might make sense, but then again it might not. Either way, I'll make sure you know exactly where you stand.

Today is a day we can stand behind #HugYourCatDay Hug Your Cat Day is one of those pleasingly straightforward holidays. Quite simply, it is a day in which cat owners everywhere are encouraged to hug their cats. The more dedicated amongst them will not need this encouragement, of course, but it is always good to be reminded of our #feline friends. The obvious downside to the day as that people without #cats may be left out. This need not be the case, however it should be s...traightforward enough to simply adapt it into Hug Someone Else’s #Cat Day. So, whether or not you are the proud housemate of a purring #kitty, Hug Your Cat Day is the perfect excuse to put a bit of warmth and companionship into your life. No matter what’s going on around you, no matter how bad or troubling things get, you can always count on your #furryfriend to be there for you. Source: daysoftheyear.com

Thank you very much for the kind words, Amanda. #testimonialtuesday

#MondayMotivation

The Guise of Mortgage Portability "Is my mortgage portable?" The answer is probably yes. "Is it easy to port my mortgage?"... The answer is probably not. When you're selling your existing home and buying something else, porting your mortgage involves transferring the remainder of your current mortgage term, outstanding principal balance, and interest rate to that new property. Although this might sound like a good idea to keep a low rate intact, in reality, sometimes it feels like the stars have to align for it to work out. Most people assume that porting a mortgage guarantees mortgage qualification on the purchase of a new property using the mortgage they got when they bought their last property. Often they feel confident about their ability to simply port their mortgage, and might even sell their existing property or write an offer on a new property, believing that they are already qualified (because they were qualified before). This isn't the case. Just because your mortgage is portable, doesn't mean you'll somehow magically qualify to buy a new property with an old mortgage. Mortgage financing doesn’t work that way. Porting a mortgage requires full re-qualification, it's not a loophole to purchase a new property without disclosing changes in your financial situation. The lender will ask for new employment documents and pull a new credit report. It is the mortgage qualification process, with additional conditions. The most common reasons porting doesn’t always work out as planned You may not qualify for the new mortgage. The property you are buying doesn't meet the lender's guidelines. You still need a down payment. You'll most likely have to pay a penalty, even if it's refunded. Timelines rarely work out. So, if you are in a situation where you have an existing mortgage, and you're looking to buy something else, and you'd like to discuss mortgage portability, please don't hesitate to get in touch anytime! I'd love to walk you through your options. There is no substitute for solid mortgage advice. Porting might make sense, but then again it might not. Either way, I'll make sure you know exactly where you stand.