Mortgage Alliance Rima Amaechi

Happy New Year Happy New Year

One call can give you access to tons of lending options you can’t get on your own. From major banks to private lenders and credit unions, using a mortgage broker gives you access to all of them. Contact me for a free consultation.

Renewing your mortgage is your chance to renegotiate everything relating to your mortgage with no penalties! Send me a message and we can set up a time to review your financial goals and determine if it makes more sense to switch your mortgage for a lower rate or even refinance to consolidate debt. Call, text or email [email protected] (250) 489-9609

A lot has gone on this year in the mortgage market. We have had everything from rate drops to deferrals to restrictions come at us and your personal situation may have changed. As the year comes to an end, if you have not made time for your annual mortgage check-up, now is the time! Send me a message and we can review your situation, free of charge, to ensure you are getting the mortgage that’s right for you.

With all the information you have been hearing about interest rates and policy changes it makes sense to schedule a free mortgage check up. I can look at your current rate and term, discuss your plans and make sure your mortgage is right for you. Send me a message and I can start your mortgage check up today.

To best meet your needs, mortgage brokers like myself, have a wide array of products to choose from banks, private sources, independent lenders, etc. If you are in the mortgage market, we should talk. Whether you are looking to explore your options or get a second opinion, the lending options available could save you thousands!

If you are a homeowner and struggling with high-interest debt payments, we should talk. It may make sense for you to refinance and access the equity in your home to pay off your high-interest debt. Your mortgage is typically the lowest interest rate to borrow money. Refinancing to pay off high-interest debt and lumping everything into your mortgage payment could free up extra cash each month by saving you on interest. Send me a message and we can see what's available to you.

Fixed or variable? How much of a down payment do you need? What is mortgage default insurance? Do you qualify for any first-time home buyer incentives? When it comes to securing your mortgage there are a lot of questions. That's where I come in. I'll help you navigate the process, present you with options, and ensure you get not only the best rate but the terms you need. Feel free to reach out with any questions, I'm here to help. Call, text or email ... [email protected] (250) 489-9609 See more

Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Click below for more details about factors that impact your credit score. https://www.consumer.equifax.ca//what-impacts-credit-sco/

Using a mortgage broker gives you access to lending options you can’t get on your own. We deal with many lenders, from major banks to private lending options. It is not all about rate check the terms before you sign! The lowest rate may not be the best rate for you. Getting a low rate up front may result in extremely high charges if you need to break your mortgage early or if you try to pay extra.... When you are ready to renew, refinance or purchase your next home, contact me for a consultation. [email protected] 250.489.9609

Do you know the difference between using a broker vs the bank? A mortgage broker works for you. We have access to multiple lenders to find the product and rate that meets your needs. A mortgage specialist at the bank works for the bank. They have access to 1 lender and want to sell their product, not necessarily what is best for you. If you are getting ready to buy, renew or refinance your mortgage, send me a message, it might save you thousands in unnecessary interest.

Why should use a mortgage broker vs going to your bank? 1. Better rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender. Do you have more questions? I'm here to answer them, just send me a message!

With rates being low, and expected to stay for a while, now is a great time to unlock equity through refinancing or a home equity line of credit (HELOC). Refinancing allows you to access equity and possibly obtain a better interest term and rate. Where as a HELOC lets you keep the mortgage you are currently paying while getting access to a large sum of money. If you are interested in exploring the possibilities available to you send me a message for a free consultation.

Just a reminder how we are able to conduct business while keeping you and your family safe.

Rates are low and can be locked in for 90 days. If you are thinking about buying a new home, contact me so you can be ready to make an offer. As a mortgage broker I shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies. Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE!... [email protected] (250) 489-9609

If you are thinking about buying your first home or moving up, now is the time! Bank of Canada Governor, Tiff Macklem made a statement informing Canadians that if you are thinking about making a large purchase you can be confident interest rates will stay low into 2023. Read the full report here: https://www.bankofcanada.ca//10/fad-press-release-2020-10/

"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

Top 3 reasons homeowners choose to refinance: 1. Take advantage of a lower interest rate. 2. Consolidate high interest debt. 3. Fund home renovations.... If you interested in exploring your options send me a message. I'm here to help and my services are free.

With interest rates low and expected to stay there, now is a great time to refinance to pay off high interest debt. Use this as an opportunity to streamline your finances and incorporate everything into one payment, your mortgage. Send me a private message to schedule!

Happy Halloween

3 Reasons you should use a mortgage broker vs going to your bank: 1.Better Rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2.Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders. 3.Our services are free we are compensated by the le...nder. If you have questions about your mortgage or home financing options send me a message, I'd be happy to chat.

If you own a home with reasonable equity in it you may be surprised to find out you can unlock that equity to reinvest. Just ask how. My services are FREE! Call, text or email. [email protected] (250) 489-9609

Using a mortgage broker gives you access to lending options you can’t get on your own. At Mortgage Alliance we deal with many lenders, from major banks to private lending. More choices with one simple call. Contact me for a free consultation. I’m here to help and answer your questions. Please call, text or email. [email protected] (250) 489-9609

Nearly 1 in 5 Canadians ages 18-34 say the pandemic has accelerated their plans to purchase a home or investment property. (According to a survey conducted by Scotiabank) If you are one of those Canadians who have turned their living room into an office or dining room into a classroom and are looking for more space, send me a message. Rates are at record lows and I can provide you with a free consultation so you can shop in confidence.

If you have a minimum of 20% equity in your home refinancing is a low-cost way to access needed money. Some homeowners are refinancing to pay off high interest debt and have one low monthly payment. While others are doing it to access funds for renovations since we are all spending more time at home. Whatever your need is, contact me for a free consultation. Did you know that it can also be used to treat headaches and facial pain caused by bruxism (tooth clenching/grinding)?

Is it time to break your mortgage for a lower rate? It's a conversation worth having. Together we will run the numbers to see what makes sense for you. For some the answer is easy, while for others in a fixed-rate mortgage it can become a difficult and complex question when facing prepayment penalties. Rates are at record lows If you are unsure of what’s best for you, reach out. Together we will run the numbers to see what makes sense for you. ... Please call, text or email. [email protected] (250) 489-9609

Fall is here! Let's get you into a new home before the snow falls! Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE! Please call, text or email.... [email protected] (250) 489-9609 See more

Refinancing can be a great financial move if it reduces your mortgage payment, shortens the term of your loan or helps you build equity more quickly. Do you have questions? Please call, text or email.... [email protected] (250) 489-9609 See more

Rates are low As a mortgage broker, I work for you. I have access to multiple lenders to find the product and rate that meets your needs. A mortgage specialist at the bank works for the bank. They have access to 1 lender and want to sell their product, not necessarily what is best for you. Now more than ever you need a broker on your side. Contact me for a free consultation. I’m here to help and answer your questions. Please call, text or email.... [email protected] (250) 489-9609 https://www.canadianmortgagetrends.com//bank-of-canada-re/

Are you getting ready to buy your first home or move to your next home? The #1 thing you can do is get advice early. Talking with a mortgage professional like myself will help you understand: What you can afford The downpayment you need Costs involved with buying a home... Improving your credit Prepayment options Refinancing penalties (if you decide to do so down the road) Budgeting and more! Send me a message today and lets start the conversation.

Is it time to break your mortgage for a lower rate? For some the answer is easy, while for others in a fixed-rate mortgage it can become a difficult and complex question when facing prepayment penalties. Rates are at record lows If you are unsure of what’s best for you, reach out. Together we will run the numbers to see what makes sense for you. ... Please call, text or email. [email protected] (250) 489-9609

Buying your first home and you are unsure where to start? Call me! Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE! Please call, text or email.... [email protected] (250) 489-9609 See more

If you currently own a home, now is the right time for a mortgage checkup to find out if you can save on interest costs and what steps you can take today to help you get closer to reaching your short- and long-term financial goals. Always remember that as a Mortgage Professional I’m here to offer you unbiased advice and answer any questions you might have. Please don’t hesitate to reach out.

As a mortgage broker I shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies. Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE! Please call, text or email. [email protected]... (250) 489-9609 See more

This is amazing!

Renovation costs can be incorporated into your mortgage. Private message or call me to discuss. My services are free, and I am here to help. I understand the Kootenay market, with over 18 years of lending experience, I can help you get the very best rate you are entitled to! Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE!... Please call, text or email. [email protected] (250) 489-9609

We want to pay your mortgage! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact me for more details or click the link below. It pays to use the right broker!... https://www.mortgagealliance.com//MortgageAllianceWinYourM

It is not all about rate check the terms before you sign! The lowest rate may not be the best rate for you. Getting a low rate up front may result in extremely high charges if you need to break your mortgage early or if you try to pay extra. Please call, text or email.... [email protected] 250.489.9609 See more

Now is a great time to buy. Lots of homes are now on the market! If you are a first time home buyer, have no fear. Rima has over 18 years of lending experience and will work tirelessly to get you qualified for a mortgage AND get you the best rate from lenders! Please call, text or email. [email protected] (250) 489-9609

With interest rates low, and expected to stay there, now is a great time to refinance to pay off high interest debt. Use this as an opportunity to streamline your finances and incorporate everything into one payment, your mortgage. Contact me for a free consultation.

To improve something, it is important to understand it! Pay your bills on time, have a good mix of credit accounts, and keep a lower ratio of debt used to credit available. Regardless of your financial milestones it is important to know what makes up your score so you can keep it on track. Click below for more details https://www.consumer.equifax.ca//what-impacts-credit-score/

Today’s Bank of Canada announcement, as expected, held the Overnight Rate at 0.25%. This is new Bank of Canada Governor Tiff Macklem’s first policy decision since becoming governor on June 3. The highlights are as follows: *The Bank says, "global economic activity is picking up. This return to growth reflects the relaxation of necessary containment measures put in place to slow the spread of COVID, combined with extraordinary fiscal and monetary policy support. As a result, f...inancial conditions have improved." *"The Canadian economy is starting to recover... With economic activity in Q2 estimated to have been 15% below its level at end of 2019, this is the deepest decline in economic activity since the Great Depression, but considerably less severe than worst scenarios presented in April." *The Bank projects real GDP declines by 7.8% in 2020 and resumes with growth of 5.1% in 2021 and 3.7% in 2022. *The Bank expects economic slack to persist as the recovery in demand lags that of supply, creating significant disinflationary pressures." *"Decisive and necessary fiscal and monetary policy actions have supported incomes and kept credit flowing, cushioning the fall and laying the foundation for recovery. Since early June, the government has announced additional support programs, and extended others." *"There are early signs that the reopening of businesses and pent-up demand are leading to an initial bounce-back in employment and output. In the central scenario, roughly 40 percent of the collapse in the first half of the year is made up in the third quarter." *"Subsequently, the Bank expects the economy’s recuperation to slow as the pandemic continues to affect confidence and consumer behaviour and as the economy works through structural challenges." *"CPI inflation is close to zero, pulled down by sharp declines in components such as gasoline and travel services. The Bank’s core measures of inflation have drifted down, although by much less than the CPI, and are now between 1.4 and 1.9%." *The Canadian Economy "will continue to require extraordinary monetary policy support. The Governing Council will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2% inflation target is sustainably achieved." The official Bank of Canada announcement: https://www.bankofcanada.ca//07/fad-press-release-2020-07/

If you are a first time home buyer, have no fear. Rima has 20 years of lending experience and will work tirelessly to get you qualified for a mortgage AND get you the best rate from lenders! Please call, text or email. [email protected] (250) 489-9609...... See More See more

Win your mortgage payments for a year! One lucky Mortgage Alliance customer will win the value of their new Qualifying Mortgage payments during their first year, up to a maximum of $25,000. Contact me for more details or visit: https://www.mortgagealliance.com//MortgageAllianceWinYourM

If you are an entrepreneur you know the struggles of securing a mortgage. Borrowing money to buy a home has become harder for many of Canada's self-employed workers. If you are self employed we can help turn the tables.... I’m based in the East Kootenay but I have advice that can help all self employed Canadians! Please call, text or email. [email protected] (250) 489-9609

Wedding. Home Renovation. Investment. Achieve your goals faster with a personal loan. Get up to $35,000 in as little as 48 hours. Calling me is like calling over 50 banks, credit unions and trust companies. I have access to all of them and will shop the market to save YOU money. Plus, my services are FREE!... Please call, text or email. [email protected] (250) 489-9609

Have a wonderful Canada Day!

3 Reasons you should use a mortgage broker vs going to your bank: 1. Better rates Because lenders compete for our business, we get access to discounted rates based on volume and we pass these savings directly on to you. 2. Access to more lenders - When you apply for a mortgage at a bank or credit union, you only have access to the products they offer in house. With a mortgage broker, you get access to dozens of lenders.... 3. Our services are free we are compensated by the lender.

Are you a homeowner that can benefit from the current low rates? According to CIBC Economics, the weighted average mortgage rate currently paid by borrowers [is] roughly 50 basis points higher than the current rate no less than 20% of borrowers have already renegotiated their rates. We expect more to come. Contact me and we can do a cost/benefit analysis for you as well as look at other options.

CMHC recently announced that as of July 1 they will be tightening their underwriting guidelines which will have a huge impact on buying power for Canadians. In Canada we have 3 companies that provide mortgage insurance for those who need to buy with less than 20% down. CMHC is the most popular because they are government owned, but Genworth and Canada Guaranty announced they will not follow CMHC in tightening their policy. This is one more reason why it is so important to work with a mortgage broker who can give you options.

With the recent CMHC qualifying announcement, and our ever-changing rate landscape, now more than ever you should be seeking the advice of a Mortgage Broker. We deal with multiple lenders and flexible terms. As we have all seen over the past few weeks life changes, your mortgage needs to adapt with you. Contact me for a free, unbiased, consultation.

I work for you! As a mortgage broker I shop the market to save you money. One call gives you access to dozens of banks, credit unions and trust companies.

Getting in touch before renewing will simply help you make a better decision, especially since the current rate environment is very confusing. It’s important to have the conversation early so there is time to review your financial goals, determine if it makes sense to switch your mortgage for a lower rate, or possibly refinance to consolidate debt. Overall, it’s an important moment of opportunity because you can renegotiate everything pertaining to your mortgage with no penalties.

Should you break your fixed rate mortgage to save money? Every situation and mortgage agreement is different. Contact me and we can review your situation to see if the cost to break your mortgage is worth the savings over time.