Steele English Mortgage Professional

If you are thinking about buying between now and September, get a rate hold. I am seeing a lot of activity right now with rates, and a rate hold will secure today's rate for you for up to four months while you house shop. Get in touch - there is no cost to secure a rate.

Are you getting ready to buy or move? The best thing you can do is get advice EARLY. I'll work with you so you know how much you can afford, and how much you'll need for a downpayment and closing costs. And most importantly, I will help you understand everything you need about your new mortgage and rates. Reach out today.

Your one-stop shop for mortgages! Unlike a bank, a Mortgage Broker offers a full suite of products from many different lenders. When you make an appointment with me, it’s like making an appointment at the bank, credit union, and trust company all at once. I'll save you time, money and make sure you get the best mortgage for you!

If too many high-interest debt payments have slowed your cash flow, and you have enough equity in your home, get in touch for a review of your situation and see if refinancing your mortgage makes sense. Paying off high-interest debt can free up cash that you may be able to use to pay down your new mortgage or invest in RRSPs, TFSAs, or RESPs, and really start building wealth!

Looking at all the different mortgage rates can be overwhelming. The lowest rates aren’t available for all situations like refinancing, 30-year amortizations and rental properties. Low-rate online ads are used to grab your attention, but the reality is that once you read the fine print you'll realize you don’t qualify or the restrictions will cost you in the long run. The best thing you can do is get in touch. It is my job to understand the rates and your situation, and to look out for your best interests.

Here are 5 things you should NEVER do before funding: 1. Buy a new car, boat, or expensive piece of furniture 2. Quit or switch your job 3, Open or close any new lines of credit or credit cards... 4. Pay your bills late 5. Make a large deposit to your account without letting your broker/ lender know If you have any questions, reach out, I'm here to help!

This is good info for anyone planning to buy their first home.

If you need help polishing your score so you can qualify for the best rates, get in touch.

The Bank of Canada has announced it is maintaining the benchmark rate, noting that Canada’s economic recovery will continue to require extraordinary monetary policy support. The Bank says it will hold the policy interest rate at the effective lower bound until economic slack is absorbed so that the two per cent inflation target is achieved, which the Bank doesn’t expect to happen until sometime in 2023. The next rate-setting day is January 20th, 2021. The beginning of the new year will be a great time to get in touch for a review of your mortgage strategy. It's important to get advice and a personal assessment of your situation if you want to switch your mortgage for a lower rate, need a new mortgage, are renewing or looking to refinance for debt consolidation, renovations or other large expenditures.

Don't become a victim of fraud

What's the first thing you should do when you get your mortgage renewal? Get a second opinion! Regardless of how loyal you are to your bank, they still may quote you a non-discounted rate. And even if they offer you a better rate when you question it, is that how you want to be treated? ... It just makes good common sense to get a second opinion so that you can make sure you are getting the best deal possible. At renewal, you can renegotiate everything pertaining to your mortgage with no penalties which means this is an important moment of opportunity. If your renewal is coming up in the next 9 months, get in touch!