Snezhana Todorova Mortgage Team
489 Queen Street E, 4th floor M5A 1V1 Toronto, ON, Canada

Borrowers with Adjustable Variable rate mortgages and home equity lines of credit (HELOCs) will feel an immediate impact from today’s announcement and can expect their lenders to increase their prime lending rates by 50 basis points in the coming days. Borrowers who are in a Variable Rate mortgage with fixed payments - may not even see an increase in their monthly payment. Simple math: how would an interest rate increase of 0.50% affect the monthly payment? We can expect to s...ee an increase of roughly $26 per month per $100K borrowed: A borrower with a mortgage balance of $500,000 can expect to see an increase of approximately $130 per month to their mortgage payment. Book a call to discuss your options or run a specific scenario: www.calendly.com/snezhana

Last week’s Federal Government 2022 Budget included a much-improved roadmap for first-time homebuyers to potentially save thousands in taxes when they purchase their first home. Housing availability and affordability are targeted in the budget as well, with a big focus on housing should be for Canadians to use as homes, with direct measures against foreign investment, house flipping, and large corporations. I've highlighted 5 proposed changes that could significantly affect Canadians' investment in real estate. Comment below with any questions!

I bet that anybody reading the news headlines, and seeing the real estate prices - feels quite a bit confused and even scared! Make sure you speak to a mortgage professional (or me) in order to truly understand your mortgage options. Remember - we CAN'T really perfectly time the market but we can invest the time to get educated and make an informed decision.... Book a call and let's figure out what your plan is! Click here: www.calendly.com/snezhana

Thank you Smriti for the kind words! Snezhana is amazing to work with . She makes sure to dig into the minute detail of her clients & keeps them transparent with all the information . She has the attention to details, getting the work done & prioritize her clients best interest above all . She is definitely the go - to for any of our future mortgage transactions "

Happy Women's Day to strong, intelligent, talented and simply wonderful women! Don't ever forget that you are loved and appreciated. #internationalwomensday #powerfulwomen #strongwomen