Progress Financial Inc.
1315 Finch Avenue West M3J 2G5 Toronto, ON, Canada

Top 4 tips for saving a down payment!

Due to the recent Stress Test changes we can expect a spike in the spring market. Experts are saying we could see anything from an increase of house prices to interest rates rising. What we know for sure is that come April 6th, what buyers qualify for will be more in line with what they can afford finally! If you are thinking about buying this spring, the best thing you can do today is secure your rate! A rate hold is generally good for 120 days so that means you can secure the lowest rate available to you today and if rates rise you will be protected, if they drop you can still take advantage of a lower rate.

We are well into 2020 and all signs are looking positive for Canadians and their home ownership aspirations. While home prices haven’t appreciated in 2019 to the same extent as in previous years, Canadian Mortgage and Housing Corporation (CMHC) is predicting that the bounce back is expected to play out quicker than what’s been anticipated on the sales front. While more sales are expected, an increase in activity and prices usually follow, that’s why it might just make sense... to act now and see what you could qualify for if you’re a first time home buyer or if you’re thinking of moving up to the next home. Did you know that it might be possible to move up to a bigger home or your dream home without increasing your monthly payment significantly, especially if you have built some equity in your current home or have paid down your mortgage over the last few years? It is even possible to move without having to pay penalties on your existing mortgage. Together we can find out what’s possible for you. February is typically one of the best months to get pre-approved. Rates are low and those rates can be locked in for 90 days meaning if you decide to buy and interest rates move upwards, you’re protected. So if you or someone you know is thinking of getting a mortgage pre-approval, contact me for a free pre-approval.

Talk to me about smart financial solutions including a unique and ultra-competitive free cash back credit card that offers 5% Cash Back on home improvement purchases*. Send me a message for more information or to apply. *Some conditions apply.

Top 4 tips for saving a down payment!

Due to the recent Stress Test changes we can expect a spike in the spring market. Experts are saying we could see anything from an increase of house prices to interest rates rising. What we know for sure is that come April 6th, what buyers qualify for will be more in line with what they can afford finally! If you are thinking about buying this spring, the best thing you can do today is secure your rate! A rate hold is generally good for 120 days so that means you can secure the lowest rate available to you today and if rates rise you will be protected, if they drop you can still take advantage of a lower rate.

We are well into 2020 and all signs are looking positive for Canadians and their home ownership aspirations. While home prices haven’t appreciated in 2019 to the same extent as in previous years, Canadian Mortgage and Housing Corporation (CMHC) is predicting that the bounce back is expected to play out quicker than what’s been anticipated on the sales front. While more sales are expected, an increase in activity and prices usually follow, that’s why it might just make sense... to act now and see what you could qualify for if you’re a first time home buyer or if you’re thinking of moving up to the next home. Did you know that it might be possible to move up to a bigger home or your dream home without increasing your monthly payment significantly, especially if you have built some equity in your current home or have paid down your mortgage over the last few years? It is even possible to move without having to pay penalties on your existing mortgage. Together we can find out what’s possible for you. February is typically one of the best months to get pre-approved. Rates are low and those rates can be locked in for 90 days meaning if you decide to buy and interest rates move upwards, you’re protected. So if you or someone you know is thinking of getting a mortgage pre-approval, contact me for a free pre-approval.

Take a look at these 5 tips to improve your credit score as quick as possible! https://www.canadianmortgagetrends.com//five-tips-increas/

Talk to me about smart financial solutions including a unique and ultra-competitive free cash back credit card that offers 5% Cash Back on home improvement purchases*. Send me a message for more information or to apply. *Some conditions apply.